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Social Media Tools Essay - Tribute Ltd

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Added on  2020-07-23

Social Media Tools Essay - Tribute Ltd

   Added on 2020-07-23

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Social Media Tools Essay - Tribute Ltd_1
Table of ContentsTASK 1............................................................................................................................................1TASK 2............................................................................................................................................1TASK 3............................................................................................................................................3TASK 4............................................................................................................................................7TASK 5............................................................................................................................................8REFERENCES..............................................................................................................................10
Social Media Tools Essay - Tribute Ltd_2
TASK 1Nowadays, internet and social media are the most important aspects to promote anything. Tribute Ltd is able to promote their products in an efficient manner by using social mediatools. There are lots of communication channel via which cited company can popular theirproducts or services via spreading the awareness of the brand over the social sites. However,these are the most cheapest way to promote their product. Under the given case, Tribute Ltd iswilling to promote Jonnie Jones albums who is a tribute artist of popular singer Jimmy Hendrix.He was the most popular singer in his time and he made so many music albums. These specificage group entertained on his famous songs, and still few of his songs are ongoing. Specific agegroup enjoyed so many albums which was sang by the Jimmy Hendrix. These most importantage group enjoyed a lot of his songs. The Tribute Ltd is appointed for promoting Jonnie's albumin a live show. Internet is the most popular tool by which Johnnie Jones live concerts can bemade popular. Via internet and the social media tools, tribute Ltd would have apportioned theJonnie Jones music on social sites over the internet. This is the reason, most of the people love todownload and share the music with their family and friends. As this is the most appropriate toolfor promoting songs for overall listener. Internet is the most important tool which is used fordistribution and promotion costs so that the audience would be easy to get the album at theirequipment with the least possible price and could enjoy.TASK 2Total CDs'(% of total)Price of CD(€)total costtotal profits in(€)Complimentary1302.7196652720260-260General 3537.3849372385107062824Mail order1673.4937238494103341336Web order2234.6652719665104461784Concert performance 137628.786610878712275213760Retail245951.44351464448491814754Brighton pubs721.506276150610144576Total4780100.00%347741
Social Media Tools Essay - Tribute Ltd_3
From the above mentioned calculation and graph, this has been observed that the tribute Ltd isselling their CD from retail store which is more than the others ways on which they are offering.As, per the given information from the table it has been observed that only €2 is the total per unitcost incurred on Music CDs. Thus, it case of complementary offers there is less chance of profitas because of free distribution cost. There is €260 cost is determine by using complementaryoffer. It has also be found that most of the profit is generated from retail and with concertperformances because these indicate around 80% of total net income from the total heads. As,total revenues collected from sales are showing individual contribution over the total sales doneby the company. Some of the other aspects of the above situations are, maximum percentages oftotal revenues explain maximum individual sales description images. It displays its specific stakein the profitability aspects of the company. The overall profit of an organisation is displays through complementary offers which areprovided by the company without paying any cost on it. It also shows that, business concern isnot able to recover the total cost which are incurred on developing an extra units of a products.There are two of the main aspects of the company such as concert performance and retail plays.They are providing an important role in the profitability of a company. Both of them are around80% final outcome. According to, Tribute limited company they need to look out on rest of thetotal ways so that total sales can be increase further. In order to get more accurate results incoming future the company can increase sales in more effective manner. 2
Social Media Tools Essay - Tribute Ltd_4

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