Professional Documents
Culture Documents
Executive Summary
2.0
2.1
2.2
Competitive Analysis
2.3
Opportunity Analysis
10
2.4
11
3.0
4.0
Corporate Strategies
14
3.1
16
3.2
17
3.3
18
3.4
19
3.5
Evaluation
21
22
4.1
IMC Objectives
25
4.2
IMC Budget
26
4.3
Agency Selection
27
4.4
Internet Website
29
5.0
33
5.1 Budget
36
38
5.3
6.0
39
41
42
44
45
46
48
49
Media Plan
51
52
53
6.1
Marketing Budget
56
6.2
58
6.2.1
6.3
7.0
8.0
9.0
Advertising Goals
59
61
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64
6.2.2
Trade Promotions
65
6.2.3
Personal Selling
66
6.2.4
Sponsorship Programs
68
Media Plan
69
Strategic Planning
70
7.1
71
7.2
72
7.3
SWOT Analysis
73
7.4
74
7.5
Industry Research
76
Corporate ID
78
8.1
Stationery set
79
Advertising Campaign
80
9.1
81
Print Ads
9.2
83
9.3
Radio Script
85
9.4
Digital Media
86
9.5
Direct marketing
87
9.6
Press Release
88
Further, the company will continue its success in the motion picture industry as it embarks in the
development of a couple of screenplays and seek to create a television show.
Our pricing strategy is at mid to high level in the music videos and corporate videos as far as the
industry is concerned. This correlates with our philosophy of high quality high value and
naturally high quality does cost more. Therefore clients with the right budget are targeted, and we
avoid mass marketing, as it does not suit our strategy.
Our distribution strategy is to attract the right distributor who understands our project and can
bring it out in the market place. For Gringo Wedding Univision Home Entertainment is the right
partner as they understand the Hispanic and crossover market very well. For Pan Am Story we
sought our PBS and they liked our documentary and included it in their programming for a number
of years. Then we found a documentary distributor/reseller who sold the documentary in the US,
Canada and other international markets. Raps Most Wanted and Inner Circle: A 20 Year Journey
were distributed by Atlantic Music Group, and Warner Bros. respectively.
SSPs promotions for corporate videos are focused on the executives in mid-range businesses
who take decisions and owners of small businesses who decide on a production company for their
media needs. For the music videos we focus on the A & R directors at major music labels and
marketing and promotions directors or VPs at smaller, independent labels. We reach these
executives through direct telemarketing, via e-mails, and through internet.
Print Advertising
- Paid advertising in the local and global film industry magazines such us
American Cinematographer, Post, Videography, The Hollywood Reporter,
Markee, etc.
True Pictures
Moonwater
SSProductions
Service
Quality
Price
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Television commercials: In this group of clients the median age is thirty-nine years; 68% percent
of the executives are male and 32% are female. Typically the decision maker on hiring the
production company in our case has been the owner/entrepreneur of the small to medium
business. The personal median income of the owner is in the range of $ 800,000.00. Education:
four-year college/university degree or higher.
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PERCENTAGE
80%
70%
60%
50%
40%
30%
20%
10%
0%
FEMALE
MALE
GENDER
Music Videos & Music Documentaries: Here the median age drops to twenty-eight years and the
gender gap closes to 53% male versus 47% female among the AR (artist & repertoire) directors
working within a major record label (such as Atlantic Music Group). Their median income is about
$60,000.00 per annum. Education: High school graduates to four-year college/university degree.
Motion Pictures: The executives in the business of motion pictures are typically very successful
financially and understand the risks involved. Hence the median age for this group reaches to fiftythree years and is male dominated; 65% being male and 35% being female. The median income of
the executive producers (giving the green light to a picture) is $ 2.5 million per annum. Education:
High-school graduates, four-year college/university degree or higher.
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PSYCHOGRAPHICS:
Is relatively more challenging to determine the behavioral approach of the potential clients when
one is offering a service especially in the field of media content as opposed to a product. However,
from our research, experience and client comments, our potential customer is looking for
producers/production companies that can produce (1) high caliber film and video projects and (2)
deliver on time and yet stay competitive in cost.
Stepping Stone Productions has achieved projects through its high quality of work and very
creative team. The clients often requested our demo reel in the past and now we are referring them
to our website (updated site will be launched in August 2008).
TARGET MARKET
Stepping Stone Productions produces media content for a wide range of audiences. The website is
geared toward the executive producers, producers, directors and media executives seeking a
production company that can produce high-end projects. Its designed for easy navigation so that
the potential client can see a variety of projects in any order they like.
Computer
Age
Income
Issues
Usage
Decision
Maker
Executive Producers
High
35..
300.000 and up
High Budget
Own
Media Executives
High
30
70.000 and up
Comfort
Staff
High
30
65.000 and up
Price
Own
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LOGO
SSP has a well-defined logo for its company featuring a filmstrip with the name of the company
inside the film- strip. The colors utilized in the logo are blue, black, white and silver/grey. These are
contemporary colors very much in vogue these days to evoke an image of a high-end company.
Sublimely these colors give a message of confidence, coolness and professionalism. Furthermore,
the logo is representative of a film production company and will appear on the home page of the
website.
P R O D U C T I O N S I N C.
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3.5 Evaluation
Since SSPs objectives for the IMC program are to create awareness and enhance its image, we
will evaluate the effectiveness of the campaign choosing methods such as opinion tests and
attitude tests. Our marketing director will conduct evaluations of our IMC Plan internally.
SSP plans to launch an ad campaign through e-mails, text messages, linkedin, facebook, through
twitter, using the companys slogan Stories that matter, stories that sell and drive traffic to its
website in the months of January 2010 in an effort to create an advertising impact. The visitors to
the website will be treated to a world premiere of a 30 second spot that uses the strategy of
positive feelings for SSP as well as emotional appeal to its intended audiences and ends with
the companys slogan Stories that matter, stories that sell.
As a production company providing creative services Brand Awareness is very important for us.
Therefore after running the ad campaign as described above we will conduct a short online
survey of existing and potential clients three months later in April 2010. These online surveys will
determine the opinions of customers to SSPs brand awareness, the effectiveness of its slogan,
the first impressions of its website, its user friendliness, navigational tools, and its message
effectiveness. Secondly, we will evaluate to see if there was increased traffic to our website and
how many sales were generated through such an ad campaign.
Depending on the success and effectiveness of the campaign we will run such campaign annually
and collect data and compare the results to the previous years to see the effectiveness of our ad
campaigns. Launching such campaigns that primarily use the internet as a means of
communication channel, our cost of such efforts will be rather modest. Unlike other corporations
that may print thousands of flyers, brochures and mass mail them to random mailing lists, we
intend to use business directories and companies that are members of chambers of commerce of
various cities to receive our electronic mailing.
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!
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By contrast in business-to business model we will spent more than half of the allocated budget or
57% on advertising as we need to increase our base in the world of corporate and music videos.
The market is very competitive and strong advertising is essential in this area. Where personal
selling is concerned, 24% of the budget will be spent, as the demand is different form the
distribution channel. Here no deliverables are required only quality materials to be utilized in the
production.
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25
$ 130,500
$ 74,500
IMC objective 1 address the need of the distribution channel market. Approximately 29.8% of
the budget or $39,000.00 will be spent on advertising and maintaining our relationship with our
current distributors and to attract future distribution channels for our upcoming projects.
IMC objective 2 address the need of the business-to-business market. Here we are dealing with
the owners of small businesses, entrepreneurs who make the decisions on their marketing needs
and pick a production company. Therefore, it is critical that we spent a substantial amount of the
allocated budget here to target these executives. Approximately 57% or $42,500.00 of the IMC
budget will be spent on advertising and it will enable us to achieve our goals in this market.
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27
Business to Business
As SSP is getting aggressive in its push for corporate and music videos, it needs to create the
awareness in the marketplace. It is essential for it to deal with business to business model and
work with an advertising agency. However, since SSP already has a track record with Allied
Advertising, it is considering hiring the agency again. Although Allied Advertising is a huge
corporation and SSP is a small company, because of a mutual business relationship of the past it
may be better to work with them and also as SSP develops other major projects, Allied Advertising
would be at the forefront to promote those projects effectively. More importantly Allied had
indicated to SSP in the past that the Agency would be willing to take on SSP as a client as it
believed in its creative talent.
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Site Objective
The purpose of the website is to attract the prospective clients to explore the website and see the
demos and contact Stepping Stone Productions for their upcoming film and video projects. The site
is designed in such a way so that the visitors will be very impressed with Stepping Stones work
and its professionalism. The website will serve as an advertising tool open to the public 24/7 that
will help to promote the Companys name recognition and reputation and at the same time attract
more business opportunities.
Marketing Function
How to get people on SSP website?
As viral marketing has become very effective in e-commerce whereby a vendor or business entity
reaches out to more potential customers through the e-mails forwarded by their existing customers,
Stepping Stone Productions intends to utilize viral marketing in the launch of its website and offers
of discounts to customers placing new job orders.
Also the Company will send periodically e-mail alerts for the launch date of the website with a joke
of the day. The jokes or quotes will be taken from reputed newspapers, magazines and their
source(s) clearly indicated. This will encourage some readers to forward the joke to their friends,
colleagues who will learn the launch of the new website of Stepping Stone Productions.
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Our primary communication objective for this model is to inform the entrepreneurs and the
record companies about Stepping Stone Productions, Incs vast experience, reliability ad creative
edge. By producing High quality, high value projects, SSP underscores the inherent philosophy
behind the companys corporate image.
While there is some overlap in these two markets in terms of promotional videos, there are some
differences, which require two separate approaches. For the small business owners it is always the
owner who is the decider of choosing the production company or content of the video. However, for
the music record companies the decision to hire a particular director for a specific song or the artist
the head of A & R (artist and repertoire) decides and not the president or the VP of the music label.
So a demo reel of SSP is sent to the A & R in-charge and or a meeting is set up to showcase
SSPs creative edge and its vast experience.
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However, our next objective is to approach mid to national size corporations for their corporate and
training videos such as Auto Nation Group, South East Toyota Distributor, Burger King Corporation
among others. Here the decision makers are the VP of Marketing and Promotions or the person in
charge of the marketing and corporate image. We will need to sell our creative edge, innovative
approach and the ability to think and create something out of the box that will attract the attention
and hopefully their business to SSP.
35
The table below IMC Budget for the Business-to-Business model shows that our complete
marketing budget is $ 74,500. The largest portion of the budget, $42,500 is allocated for
Advertising.
In our strategy, Sponsorships are important for building up the companys awareness for its brand
name among its clients and prospects. Therefore SSP has set aside $10,000.00 for sponsoring
events such as Winter Music Conference 2010 in Miami Beach. It plans to sponsor a new hot act at
the New Artist Showcase attended by the major record labels in search of the next hit maker.
Many artists and their management companies make decisions throughout the year concerning
their promotions via music videos or EPKs. SSP will maintain a certain level of promotions aimed
at this group. The budget for this category is $2,000.
SSP has set aside approximately $ 1,500 per month for its personal selling so the total budget will
be $ 18,000 per annum. Personal selling will include field sales people, face to face presentations,
inbound telemarketing, outbound telemarketing and these efforts will help to identify new
prospects, gathering knowledge about the new clients and their needs.
Database Programs are essential for SSPs success and a major part of the IMC planning and
budgeting. The company will collect information about its prospects by attending major trade shows
and networking with business owners and representatives. Further information will be collected
through internet searches and blogs and all the date collected will be analyzed. Once the
information is compiled it will be added to our database warehouse. This will allow us to target our
prospective clients effectively. The total cost for database programs is expected to be around
$ 2,000.00.
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$ 42,500.00
B 2 B Promotions
$ 2,000.00
Personal Selling
$ 18,000.00
Sponsorships
$ 10,000.00
Database Programs
$ 2,000.00
Total
$ 74,500.00
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Table
Budget
2010
Magazine Advertising
$ 20,000
$ 1,500
Internet Advertising
$ 6,000
Agency Fees
$ 15,000
Total
$ 42,500
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Means-ends Chain: A highly professional company with reputation, track record and creative edge
with second to none. The company offers first class service at modest prices. SSP Inc views its
clients success as: Your success is our success.
Leverage Point: The tagline for SSP Inc is High quality, high value and it underscores the
inherent philosophy behind the companys corporate image and that is the company produces
media content using high quality equipment, materials and the end product has high value
because its the creation of very talented and creative artists working at SSP Inc.
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In the follow up the sales person would invite the prospect to his/her favorite restaurant to follow up
on the presentation. This move will impress the prospect that SSP sales team is attentive to fine
detail such as his favorite food or favorite eatery and hopefully seal the deal. Even if it does not it
would leave a very good impression and first impression is the last impression. Maybe the
prospect will call in the future when he is looking for a new creative team. (Please note: for
budgetary concerns sales team will invite only category A prospects to lunch, for the rest- phone
call, e-mail or a visit).
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Do they have in-house production team or they outsource film and video production?
What is the size of the business in terms of personnel and annual sales?
What are their needs in advertising, marketing and promoting their company, product or
services?
Once the information is complied and analyzed, we can add this information to our current
database and expand it with the new available information and create database warehouse. With
the new information at our disposal we can target our prospects more effectively such as outbound
telemarketing, via e-mail, direct mail by sending a DVD demo reel of SSP and publicity brochure on
the company or set up sales calls for face to face presentations. After a careful review of the data
the customers and new prospects will be divided into a number of categories such as:
-
Demographics
Psychographics
Geocodes
Through the sorted and arranged database we can launch a direct marketing campaign that best
suits our strengths and the needs of our customers and new prospects. Further analysis will yield
more information about our customers and help us modify or tweak our marketing campaigns and
create a unified approach to strengthen our brand name in the market place.
SSP has a very good reputation among its customers and its peers and wherever necessary we
will modify our marketing approach and utilize permission marketing so that every direct mail or
e-mail message we sent is read by the recipient and acted upon and is not considered a nuisance,
junk mail or spam.
The collection of database on customers is crucial to SSPs success and by creating a database
warehouse we will be able to target our customers and approach new prospects in a tailored
fashion so that every marketing opportunity is very exploited.
50
Direct e-mails to prospective clients with a 90 second Quicktime demo reel of SSP showcasing its
corporate videos. The e-mail will ask the recipient to view the 90 sec reel and any orders placed
within 30 days will get a 10% discount of the total bill.
Print ad magazine that emphasizes the tagline for SSP Inc High quality, high value and it
underscores the inherent philosophy behind the companys corporate image and that is the
company produces media content using high quality equipment, materials and the end product has
high value because its the creation of very talented and creative artists working at SSP Inc. For
our business to business clients, ad space will be purchased in magazines read by the executives
such as Lifestyle (the magazine has already featured SSP and Tas Salini in its recent issues),
glossy city magazines such as Boca Raton, Ft. Lauderdale, South Beach, Miami among others.
SSP will take an ad in the Yellow Pages phone book and the online directory under video
production category for small businesses seeking to produce local cable and TV commercials,
training videos etc.
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The distributor of our current project is Univision that carries a catalogue of all its movies on its
website. Univision provides the stores and retailers the DVDs and publicity materials such as Sell
Sheet, posters, and supports major television advertising campaigns on Univision, Telefutura and
Galavision networks. Further it promotes the product on Univision Radio, Univision Online and
Univision Mobil. For SSP it is very important to provide to the distributor information such as:
-
Publicity brochure
Film synopsis
These elements help Univision in reaching the customers through the network of retailers. The
customer base and tone of the advertising campaign fits SSPs offering of Gringo Wedding and
further it fits our corporate image of high quality products and reinforces our positioning strategyStories that matter, stories that sell.
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Advertising
Trade Promotions
Personal Selling
Database Programs
The table below IMC Budget by Distribution Channel shows that our complete marketing budget
is $ 130,500.00 The largest portion of the budget, $ 80,000 is allocated for Personal Selling.
Although in the motion picture/DVD and documentary film distribution the distributor does all the
selling, but SSP has to supply all the supporting materials referred to in the film industry as the
deliverables (such as film negatives, artwork, video master for television and DVD production etc.).
Approximately $ 6,500 will be spent on trade promotions such as Florida Film Market, Los
Angeles Film Market and a couple of key film festivals with film markets, namely Sundance Film
Festival and Cannes Film Festival. In order to stretch the marketing dollar SSP may not send its
own personnel to all these markets but provide supporting materials and DVD screeners of it
productions to selling agents who will represent SSP at Sundance and Cannes. However, these
sales agents will charge SSP their representation fees and if a sale is made, they would typically
take a 30% cut of the sale as their commission plus deduct any incidental expenses.
The primary role of the trade promotions and the channel communications is to sell the product
through the channels. The sales agents network at these trade promotions and since they are likely
to get a 30% commission per sale plus they recoup their expenses, they are self-motivated to push
the product and make sales.
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For advertising SSP will spend approximately $39,000.00 per annum. Its not a lot of money for
advertising, but since the company is a small business and its finances are spread, smart
advertising will definitely yield positive results.
For Database Programs we will buy a couple of lists that approximate to our demographics in
terms of our prospects. Further we will collect data from the internet searches, blogs, direct
telemarketing calls that will take up a lot of man hours. The cost for Data Programs will be
approximately $2,000.00.
$ 39,000.00
Trade Promotions
$ 6,500.00
Personal Selling
$ 80,000.00
Database Program
$ 2,000.00
Sponsorship Programs
$ 3,000.00
Total
$ 130,500.00
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Magazine Advertising: We will place small ads in industry magazines such as Markee,
Hollywood Reporter, Variety, Post and other journals read by the film industry veterans
and executives.
Film Festival Program books: We will place ads in the festival program books as the
attending film industry professionals refer to the books multiple times to see who is in it, to
discover new talent and choose which films to see. Because there is a high exposure to
the film industry professionals reading these program books, the marketing budget is well
spent here.
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Add SSPs two minute demo reel on You tube to create national attention Free.
Typically film festival organizers will add links to film trailers on Youtube.com. This is a very
effective way to market SSPs project(s).
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Budget
2010
Magazine Advertising
$ 20,000
Internet Advertising
$ 15,000
$ 8,000
$ 1,000
N/C
Agency Fees
$ 15,000
Total
$ 39,000
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In creating the advertisement for SSP Inc, the following means-end chain was developed:
Unique Selling Point: Creating media content with innovative stories that no one has done before
such as a film about finding love through an international dating agency.
Benefit: SSP Incs motion picture(s) with unique stories, stellar cast, catchy music and great
locations are easy to sell to the buyers on national and international level.
Distribution Channel Value: Less selling effort required as the word of mouth from the film
festivals has been very strong for Gringo Wedding and especially major wins such as
Independent Spirit Award, and Audience Award for best picture has tremendously helped in
positioning the film in the marketplace.
Leverage Point: The tagline for SSP Inc is Stories that matter and stories that sell. and it
underscores the inherent philosophy behind the companys creative image and that is the company
produces media content that matters to the audiences and its easy to sell. For example in Gringo
Wedding the company produced the movie about people finding love through international dating
services which appeals to singles, people dating on the internet and anyone who enjoys a good
romantic comedy. Further it has a built in audience of singles and people on the dating scene who
saw the movie and are willing to buy a DVD.
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Appeal
The message Stories that matter and stories that sell is being used by SSP has an emotional
appeal to its intended target: i.e. the film and documentary companies. The distribution companies
are in the business of selling products that can easily be positioned in the marketplace and sold in
different markets. Therefore a media content creator such as SSP Inc has to produce appropriate
films that not only matter to the intended audiences but they also sell.
Executional Framework
The style, which will be used for the executional framework, is the fantasy implementation. Fantasy
executions are designed to lift the audiences beyond the real world to a make believe experience.
For a 30 second spot, SSP inc will unveil the following story:
We are inside a practically empty movie theater with the exception of a few people in the front
rows. Suddenly on the screen we see Stepping Stone Productions Inc Presents and right away
people, animals such as cats, dogs, squirrels, raccoons, ducks etc start to fill the seats. The next
slide on the screen shows Angels on Earth and we notice beautiful little angles with white wings
coming from the top and settling in the empty seats filling out the theater. As everyone applauds
the camera zooms in on the screen that shows the slide Stories that matter and stories that sell.
The spot ends with SSP Incs logo and website address.
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Participation in national and international film festivals. Place ads in the festivals Program
book where SSP plans to attend and definitely in the Film Festival Reporter newspaper.
Add a SSPs two minute demo reel on YouTube to create national attention.
Direct mail media from SSPs database and through Internet user groups such as
SFFCPUG (South Florida Final Cut Pro User Group), Broward Alliance for Film &
Television Office, Indiefilmalert.com and industry groups, to create a buzz.
Place an ad in industry magazines such as Markee, The Hollywood Reporter where people
from the Film industry read news, trends and techniques for production and postproduction.
By using the vehicles above we will enhance SSP image, which is its primary marketing objective
for the distribution channel.
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Vision Statement: Our vision is to continue producing high caliber projects for national and
international clients and expand more into the motion picture industry.
Mission Statement:! We at Stepping Stone Productions strive to produce the best quality media
content for our clients and international audiences at competitive prices.
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To increase media production in corporate videos and music videos by 10% in 2010.
Policies
- Utilize sales teams aggressively and offer prospective clients 15% discount on our
standard prices.
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Add two producers/directors to our roster on a freelance basis to help with the increase
workflow.
Objective
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Effective use of the website and exploit its potential as a future delivery method for
Create a portal on the website accessible only to the clients with individual passwords to
download their completed projects thus making the delivery process easier and cost effective.
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Attract the prospective clients to explore the website and see the demos and contact
Stepping Stone Productions for their upcoming video and film projects.
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Strengths
Weaknesses
video production.
production company
Opportunities
5. For corporate videos as South Florida
Threats
8. Current
economy
may
slip
into
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Pricing Strategies: Stepping Stone Productions pricing strategy falls from affordable to mid level
range for its corporate videos, music videos and local commercials. Since the company strives to
provide high quality projects on time, the pricing tends to fall just over near the midrange pricing
scale. However, if a record label for example, signs up for a two music videos to be produced backto-back we will offer a 15% discount on the second project. It will be the same for industrial,
corporate videos.
Placement Strategies: Stepping Stone Productions has relied on word of mouth, repeat
customers and limited advertising in the media magazines. However, placement of print ads in the
media magazines is not effective for soliciting corporate videos or music videos. The company
plans to advertise in business magazines such as Business Week to target its prospective
corporate clients and music industry magazines to target record company executives, managers
and musicians who are likely to consider a music video production.
Promotion Strategy
The company is planning to sponsor a musical act (a band or a solo act) at the 2010 Winter Music
Conference in Miami Beach, at the New Talent Showcase attended by the industry executives,
major labels, and musicians. Currently the company is soliciting demo reels from the music artists
and will choose the winner to perform at the much-heralded show in the music business. This will
give Stepping Stone Productions an opportunity to connect to the music industry at all levels and
promote its music video and EPK (Electronic Press Kit) production.
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Location Analysis
Location is critical to businesses that rely on foot traffic and who are in the retail business. Although
it is important for a media production company as to where its located, it is not of the same
significance as it relates to a restaurant or a clothing store for instance. Normally executives from a
business or a corporation do not walk into a production companys office seeking for a corporate
video; in fact sales people from Stepping Stone Productions contact businesses via phone, e-mail
or a personal visit to present the production companys demo reel and solicit work. Contacting the
record labels is done the same way.
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Source: SimplyHired.com
Current Status: The job trend for freelance video professionals does not look very promising for
the remainder of the year or early 2010 as indicated by the chart SimplyHired.com. However,
closer analysis will reveal that even the economy was slowing down last year, jobs in the video
production industry peaked in October 2008.
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The film and video industry is going through lots of changes, which are being affected by the
current economic climate. Although, a number of established businesses are failing, this is also
giving a rise to the opportunity of new businesses to emerge. This will allow Stepping Stone
Productions to offer its services in the corporate videos and music video production.
New Opportunities & Trends: With the explosion of websites and popularity of smart phones,
netbooks, and web based devices there is a growth in commerce on the Internet. Thus a number of
businesses are revamping their websites, making them user friendly and offering their services and
goods via their websites. Stepping Stone sees this as an opportunity to provide corporate videos
and commercials web friendly. Recently, SSP revamped the video promo for Docking Master a
portable remote device to dock boats safely and easily for their website.
Challenges and Reverse Trends: The biggest challenge SSP faces is the emergence of very low
cost one-man production companies that have sprung up everywhere. With the digital technology
available readily and cheaply, anyone who can afford to buy a small camera, a laptop and editing
software is in the business of video production. These low cost production companies are driving
the earnings down but at the same time pushing the already razor sharp competition even further
North. SSP will need to add one man production team model to its future planning whereby a
multiple number of one-man teams can compete in the market place.
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V: Fade to black
A: Fade out with picture
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ANNOUNCER
MUSIC
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MUSIC
Angels on earth
BACKGROUND UPBEAT MUSIC
ANNOUNCER
SFX
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SFX
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SFX
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SFX
MUSIC
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