How Should an Entrepreneur Use Social Media to Market

Assignment Help Business Economics
Reference no: EM131620766

Submit a 6-page descriptive case study utilizing the case in the text book, and two academic or peer-reviewed sources.

Case -EasyLunchboxes

How Should an Entrepreneur Use Social Media to Market Her Home-Based Business that Sells Lunch Boxes?

Kelly Lester is a talented singer, actress, wife, mother to three daughters, and entrepreneur. Lester started her first company, a business that sold decorative light switch covers, in 1996 when the Web was in its infancy. Even then, Lester saw the power and the marketing potential that the Web provided businesses, particularly small businesses that lack the massive marketing budgets that their larger rivals have.

In addition to selling switch plates through retail shops and museum gift stores, she built a Web site, and began selling online. In those days, competition in e-commerce was slim; when users typed the phrase "switch plate" into a search engine, Lester's Web site was listed first, a benefit that generated significant online sales for her company.

Lester sold the business, and in 2009, with growing daughters, she was inspired to start a second company. "I'm sad when I see what a lot of kids bring to school for lunch," she says. "I'm even sadder when I see what school districts offer our kids for ‘school lunch.'" All three of her daughters were in school, and Lester always packed healthy lunches for them but found herself spending too much time preparing and packing lunches. "I'm very concerned about my family's health and nutrition, but as a busy mom, I like to spend as little time as possible in the kitchen," says Lester. "I'm all about fresh, healthy, and fast."

When Lester was in school herself, she often packed lunches for her brothers, but that involved tossing a few cheese sandwiches, potato chips, and Oreo cookies into brown paper bags. Lester wanted something better for her children and to pack the same lunch for all three girls "so I didn't have to think so hard," she says. She soon found that washing, filling, and packing nine separate containers (three for each girl) with food every weekday was driving her "absolutely insane." She began searching store shelves for lunchboxes that made organizing easy but found nothing. Web searches proved no more fruitful. "That's why I created the EasyLunchbox System," she says.

She began calling plastics manufacturers in the United States, none of whom showed much interest in her idea. Finally, one manufacturer told her that his company could produce a single-lid bento-style (with compartments) plastic lunchbox, but he would first have to create a mold, which would cost $75,000. Lester formed a company, EasyLunchboxes, and found an international broker, who began contacting plastic manufacturers in China. There she found a company that would produce the lunchbox she had designed for far less than any of the domestic companies could. "I'm a thrifty shopper," she explains.

Transactions with the foreign supplier did not always go smoothly, however. Lester had to send one of the first shipments back three times because of quality issues and failure to meet the Food and Drug Administration's standards. Today, Lester has an independent company test samples of every shipment to make sure they meet all safety standards. The polypropylene plastic used to manufacture the EasyLunchboxes are BPA free, and the cooler bags that keep items in the lunchboxes cold are tested for lead. Because of the time required to ship products from China and unpredictable interruptions in the supply chain, Lester has learned to keep a large inventory of EasyLunchboxes in a warehouse in the United States. On one occasion, the company that manufactures the lunchboxes was closed for three months. "They just shut the power grid off," says Lester. No one knew when the power would come back on so that the factory could get finish her order. "It was very stressful," she says.

Lester decided to use the Web as the primary marketing tool for her company. When Lester launched the Web site for EasyLunchboxes, she quickly discovered that the world of e-commerce had changed dramatically. Her company's Web site did not appear near the top of any of the major search engines. "If computers had crickets," she says, "we had crickets." If you're not on page one of search engines, you don't exist. Lester, who bills herself as "Mom and CEO" on the site, is determined to generate "buzz" for her company and believes that social media is one of the best tools for accomplishing that. Her primary target customer is a busy mom with children who are in school. She also wants to build a recognizable brand for EasyLunchboxes. The question in her mind is "How do I go about doing that?"
Questions

Sources: Based on Sarah Maraniss Vander Schaaf, "How Do You Become #1 on Amazon? Ask the Mother of Reinvention," Lunch Box Mom, July 10, 2011, Phil Mershon, "9 Small Business Social Media Success Stories," Social Media Examiner, January 18, 2012, Juan Felix, "Discover ‘Social Secrets' While Having Lunch with Kelly Lester," Mirror Yourself, September 8, 2011, Ellyn Davidson, "How Social Media Helped a Little Lunch Box Hit the Big Time," Brogan Partners, Connie Bensen, "Social Success Story: EasyLunchboxes Lessons in Branding, Content Creation, and Community," Dell Social Business Connection, December 9, 2012,

1. Do you believe that Kelly Lester's business is a candidate for reshoring? Explain

2. Develop a social media marketing plan for EasyLunchboxes. On which social media should Lester focus her efforts? Why? What specific tactics should she employ in each one of the social media that you recommend?

3. What steps should she take to transform EasyLunchboxes into a recognizable brand name?

4. What bootstrap marketing techniques should Lester use to promote her company

Title, Thesis, Findings, Recommendation and Conclusion.

The title and references pages do not count towards the page count. Case # 10, p. 845, in Scarborough, N.M. & Cornwall, J. (2015). Entrepreneurship and effective small business management (11th ed.).

Pearson: Boston, MA As you complete this case study give consideration to market penetration and pricing strategies associated with reshoring.

NOTE: Sources cannot be older than 2015.

Verified Expert

The assignment was about a case study defined for EasyLunchboxes where few questions have been framed with the situations given in the case. For this study, key elements like social media marketing plan, re-shoring, and bootstrap marketing techniques have been applied to develop the company to a recognizable brand in order to attract large target audience.

Reference no: EM131620766

Questions Cloud

What size sheet of brass is required to make the plates : Ariana Pope is making 28 trophies and each requires a brass plate that is inches long and 1 inch wide. What size sheet of brass is required to make the plates.
Describes an environment supportive of software testing : Describes an environment supportive of software testing. Describe all required resource including the skills and competencies of the testing staff.
How many hours must be passed : Certain financial aid students must pass2/3 of their courses each term in order to continue their aid. If a student is taking 18 hours.
Government rather than legitimate political opposition : At what point are people with divergent views from those holding power a danger to the stability of the government rather than legitimate political opposition?
How Should an Entrepreneur Use Social Media to Market : Descriptive case study utilizing the case in the text book, and two academic or peer-reviewed sources - How Should an Entrepreneur Use Social Media to Market
How much frame material remains : To make a picture frame, two pieces 10(3/4) inches and two pieces 12(5/8) inches are cut from 60 inches of frame material. How much frame material remains?
Groups of people in your hometown or local community : Issues that have provoked disagreements between groups of people in your hometown or local community
Prepare a pro forma balance sheet : Prepare a pro forma balance sheet for the first twelve (12) months of your business. Include the assumptions on which it is based.
Discuss whether design considerations need to change : Discuss whether design considerations need to change for each kind of computer users. Support your answer with an example.

Reviews

inf1620766

10/13/2017 5:50:08 AM

Good work. very less plagarism. Assignment was given on time as well. Definately recmmend the writer. Overall it is good, I will let you know once i got the feedback thanks anyways.

len1620766

8/31/2017 3:28:19 AM

Submit a 6-page descriptive case study utilizing the case in the text book, and two academic or peer-reviewed sources. Title, Thesis, Findings, Recommendation and Conclusion. The title and references pages do not count towards the page count.

Write a Review

Business Economics Questions & Answers

  Monetary and fiscal policy impact business cycles

How does our Monetary and Fiscal Policy impact Business Cycles from your perspective? And further, is the impact of Monetary and Fiscal Policy on International Trade and Exchange rates positive or negative from your perspective? Please concentrate on..

  What does the correlation coefficient measure

Define the correlation between two random variables X and Y. What does the correlation coefficient measure?

  What do you predict will happen in the long-run in market

In the short run, what is the fixed cost for this firm? Find the break-even price and the shutdown price. What would happen if the market price was equal to $1 per unit? Suppose the market price of the good in the short-run is $8 per unit. What do yo..

  What has been the growth rate of the solow residual

Over the last 50 years in the U.S., real GDP has grown at approximately 3% per year, while capital has been accumulating at around 3% per year and the labor force has grown at around 1% per year. The labor share of income is about 0.7. What has be..

  Problem solving approach-strategic game

A Problem Solving Approach: Strategic Game Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, ordown-stream customers), or between internal divisions within your f..

  Quickly aging out of mainstream motorcycle-buying consumers

For the past several years, in order to sustain sales and profit growth, Harley has relied heavily on baby boomers to buy motorcycle in an effort to recapture their youth and rebelliousness. However, that market segment is quickly aging out of mainst..

  When the economy is on the short-run aggregate supply curve

When the economy is on the short-run aggregate supply curve and to the left of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as: nominal wages fall and the short-run aggregate supply curve shifts ..

  Cost of one procurement

A particular item has demand of 3000 units per year. The cost of one procurement is Rs. 100 and the holding cost per unit is Rs. 2.40 per year. The replenishment is instantaneous and no shortages are allowed.

  What is difference between economic and accounting profits

Explain how it can be that something that an accountant calls a profit is actually a cost from the economist’s point of view. What is the difference between economic and accounting profits?

  What happens to the equilibrium price and quantity of salsa

Many consumers like to eat their salsa with tortilla chips. In economics, these products are often reffered to as complements. What happens to the equilibrium price and quantity of salsa if the price of tortilla chips increases? Why?

  We had three phased increase in minimum wage

After years of no change, a few years ago, we had a three phased increase in minimum wage. Now we are discussing raising it further, to $10.10 an hour Are people that work for minimum wage better off after an increase in minimum wage? How will this i..

  Monetary policy and inflation

Monetary policy and inflation. Assume that the monetary authority initially wants to create inflation of 1% each year, that is, have prices rise every year at this rate. Use the AS-AD graph for the monetary misperceptions model to show what this poli..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd