Grow Your Business Assessment 2

Grow Your Business Assessment

AAMC Training Group

Grow Your Business Assessment 2

Student’s name:Michael Braut

For your assessment to be marked you must complete and upload all tasks and this cover sheet via the AAMC Training Group portal. Your assessment tasks must be uploaded in an electronic format i.e. Word, Excel, PDF or Scan. A maximum of five (5) attachments (maximum 20MB each) can be uploaded for this assessment. Please see the step-by-step instructions in your Member Area on how to upload assessments.

Once your assessment has been uploaded it will be pending review with your nominated course assessor and marked within 5-10 working days. You will receive an email advising you have been marked as “satisfactory” or “additional information required”.

I certify that this work is my own, that I have not duplicated the information from another source. I also state that I have referenced appropriately all information that I have gathered from other sources.

I understand that plagiarism is a form of cheating. It is taking and using someone else’s thoughts, writings or inventions and representing them as my own. I also understand that Plagiarism is a serious act and may result in a student’s exclusion from a module or a course.

Checklist of attachments:

☒ Task 1 – Investment property finance plans ☒ Task 2 – Vehicle finance plans

Please indicate style of course undertaken:

☒ Online ☐ Virtual Class

If you have queries relating specifically to your assessment please log an ‘Assessment Query’ under the HELP tab on your Members Area dashboard and a Student Support officer will respond.

Alternatively, if you have an administration query please go to ‘Admin Query’. For example: I am having trouble with uploading my assessments and require assistance – can you please help me with this?

If you need to speak to someone during office hours, please contact us by:
Phone: +61 (03) 9391 3643 / +61 (0)8 9344 4088 OR Email: info@aamctraining.edu.au

CREDIT TRANSFER You may be able to claim credit transfer for a unit/s of competency that you have previously completed with AAMC Training or another RTO. If you have been awarded a record of result or statement of attainment for any of the units detailed below then please go to the Credit Transfer tab in your Learning Centre and follow the prompts. This assessment relates to the following units of competency: FNSPRM613 Grow financial practices Please refer to AAMC Training’s full Recognition Policy for further details.

STUDENT INSTRUCTIONS

The assessments in this module are all based on the Case Study Scenario (repeated below) and your Marketing Plan from the previous assessment. You are to target your existing database and do research on securing new business clients. In this assessment you will take your Marketing Plan from Grow Your Business Assessment 1 and create promotional strategies in line with your growth goals for both investment property and vehicle finance.

Your Action and Monitoring Plans will be required for the final assessment in this module – Grow Your Business Skills Signoff.

Case Study Scenario

You are a finance broker working in your own business as a sole trader for the past five (5) years and offer a range of mortgage and personal finance to individuals and couples, and business owners. You have reviewed the sales figures from last year, and the breakdown of types of finance (%) settled for the business. The business has had strong results in the owner-occupied construction finance, especially for first home buyers.

You have decided that you would like to diversify and expand the business into other areas of finance, especially high net worth investors and cross promotion of products to existing clients.

The two drivers influencing these goals are:

  1. increased enquiries from existing clients regarding vehicle loans and
  2. a visit from your aggregator BDM who mentioned that investor clients are a little more astute when it comes to finance.

Your original Vision Statement

We support new home buyers and simplify the maze of government grants when buying and building.

Excerpt from the original business plan explained the vision statement

To grow the business by supporting new home buyers to acquire the most suitable finance to suit their requirements by working with professional local builders and developers. To attract government support for new home buyers and provide a range of suitable lenders who deal in construction and basic introductory loans with 100% offset facilities.

Business considerations

Your current clients have asked for assistance with consumer and business car loans. You are currently not accredited with many lenders. The return the business expects to receive for these types of loans is between $1,000 and $2,500 per client for loans in the range of $35,000 to $60,000. These clients may be attracted to variable rate loans over 5-10 years.

You have relationships with key referral partners that have ‘high net worth clients’ who already own their own homes and looking to invest in property. They have agreed to let you promote to these clients to increase interest.

Your estimated income per client is between $3,000 and $4,000 for home loan, ranging from $450,000 to $600,000. These buyers may be attracted to fixed rate, interest only loans. You have agreed to pay your referral partners 15% of the commission received.

*NB These figures are purely fictitious and not indicative of the commissions you would earn as broker. There are many other considerations when calculating income from brokerage.

Task 1 – Investment Property Finance

Create promotional strategies in line with your growth goals

Considerations in line with your relevant growth goals:
PeopleYour target market for each promotional strategy identified in your Marketing Plan.
Promotion
What promotional tool/materials are you going to use to reach your target clients? print advertising, giveaways, displays etc. How are you going to reach them? online advertising, mail-outs, media releases, events, website, blog/social media
PlaceConsider where your clients are situated in location to your office/you Where will the promotion take place in what area?
ProductsThink about what products may be relevant to your target market.
  1. Your promotional plan – complete the template below.
People
Research two products you are going to promote. Include: lender name product name interest rates (comparison rate must be included)
Promotional tools
Promotional activities
Create your branding statement to attract your target market. What is your unique selling proposition?
What is the date for delivery/ implementation?
  1. Research and compare two (2) mortgage products.
  • Refer to https://www.canstar.com.au to assist you in completing product comparisons.
  • Provide the URL and insert a screenshot of the product pages to show the evidence that your research aligns with your target market.
  1. Budgeting and Return on Investment (ROI)

Use the expected income per target client and work out the expected return from your promotional activity. The remainder of your figures for this exercise will be assumptive and based on your own research but should be verifiable by the research you conducted on the products.

Considerations

  • When preparing a budget, you must consider all associated costs i.e. people, technology, supplies, suppliers, cost per click/lead (social media) etc.
  • When estimating a % of interest, you should research and consider what is appropriate for the type of promotional activity you are completing.
  • What would be your conversion rate from % of interest? Remember: not all clients that show interest in your promotion will take up your offer.
  • When estimating the yield you will need to consider what income you would earn from each client after you have paid any commissions for referrals – refer to the case study (as a new broker you will not know these figures until you start your business)
  • Return on investment (ROI) – this is a highly important factor in understanding the success of your marketing and whether it will be worth the effort. It forms part of your growth projections.
Budget
% of interest
Conversion rate
Yield per client
ROI
  1. Create an action plan that outlines the tasks involved in the delivery of your promotional activity.

Each task will have several steps – for instance, creating a brochure requires designing, writing, formatting, printing, marketing software communication channel you might use, etc.

The table has allowed for 6 steps, you may add to this if necessary or if you can reasonably do the task in less steps this is also acceptable, however it is expected there will be a minimum of 4 steps as shown in the example provided above.

ACTION PLAN
No.TaskSteps involved for this taskResources Required e.g. software, supplier etcWho or which support is requiredStart dateFinish date
1





2





3





4





5





6





  1. Monitoring your plan

Keeping track of the progress of your promotional plan is completed over a period of time, between your start date and end date. Think about your dates and where you see your promotion at each stage and complete the Monitoring Plan template below. Also, use the links provided in the Learning Guide to further research methods on monitoring your market plan.

Consider:

  • Remember, your dates need to align with your start date and the last check in should be before your end date. For the purpose of this exercise, we have added three check points (you may have more than this with regard to some marketing activities when they happen ‘in real life’ or IRL).
  • Monitoring methods to determine you are on target to achieve your success indicators % of interest and ROI:
  • how you would check the progress of a social media ad campaign to determine your monitoring process, i.e. key metric; review sales figures a month after the promotion. Please note there are many more ways and it is expected that you provide other methods as well.
MONITORING PLAN
StagesReview DateProposed monitoring methodAnticipated results for promotional period
First check in


Next check in


Final check in


Task 2 – Vehicle Finance

Create promotional strategies in line with your growth goals

Considerations in line with your relevant growth goals:
PeopleYour target market for each promotional strategy identified in your Marketing Plan.
Promotion
What promotional tool/materials are you going to use to reach your target clients? print advertising, giveaways, displays etc. How are you going to reach them? online advertising, mail-outs, media releases, events, website, blog/social media
PlaceConsider where your clients are situated in location to your office/you Where will the promotion take place in what area?
ProductsThink about what products may be relevant to your target market.
  1. Your promotional plan – complete the template below.
People
Research two products you are going to promote. Include: lender name product name interest rates (comparison rate must be included)
Promotional tools
Promotional activities
Create your branding statement to attract your target market. What is your unique selling proposition?
What is the date for delivery/ implementation?
  1. Research and compare two (2) vehicle products.
  • Refer to https://www.canstar.com.au to assist you in completing product comparisons.
  • Provide the URL and insert a screenshot of the product pages to provide the evidence that your research aligns with your target market.
  1. Budgeting and Return on Investment (ROI)

Use the expected income per target client and work out the expected return from your promotional activity. The remainder of your figures for this exercise will be assumptive and based on your own research but should be verifiable by the research you conducted on the products.

Considerations

  • When preparing a budget, you must consider all associated costs i.e. people, technology, supplies, suppliers, cost per click/lead (social media) etc.
  • When estimating a % of interest, you should research and consider what is appropriate for the type of promotional activity you are completing.
  • What would be your conversion rate from % of interest? Remember: not all clients that show interest in your promotion will take up your offer.
  • Return on investment (ROI) – this is a highly important factor in understanding the success of your marketing and whether it will be worth the effort. It forms part of your growth projections.
Budget
% of interest
Conversion rate
Yield per client
ROI
  1. Create an action plan that outlines the tasks involved in the delivery of your promotional activity.

Each task will have several steps – for instance, creating a brochure requires designing, writing, formatting, printing, marketing software communication channel you might use, etc.

The table has allowed for 6 steps, you may add to this if necessary or if you can reasonably do the task in less steps this is also acceptable, however it is expected there will be a minimum of 4 steps as shown in the example provided above.

ACTION PLAN
No.TaskSteps involved for this taskResources Required e.g. software, supplier etcWho or which support is requiredStart dateFinish date
1





2





3





4





5





6





  1. Monitoring your plan

Keeping track of the progress of your promotional plan is completed over a period of time, between your start date and end date. Think about your dates and where you see your promotion at each stage and complete the Monitoring Plan template below. Also, use the links provided in the Learning Guide to further research methods on monitoring your market plan.

Consider:

  • Remember, your dates need to align with your start date and the last check in should be before your end date. For the purpose of this exercise, we have added three check points (you may have more than this with regard to some marketing activities when they happen ‘in real life’ or IRL).
  • Monitoring methods to determine you are on target to achieve your success indicators % of interest and ROI:
  • how you would check the progress of a social media ad campaign to determine your monitoring process, i.e. key metrics; review sales figures a month after the promotion. Please note there are many more ways and it is expected that you provide other methods as well.
MONITORING PLAN
StagesReview DateProposed monitoring methodAnticipated results for promotional period
First check in


Next check in


Final check in


Order Now

Get expert help for Grow Your Business Assessment and many more. 24X7 help, plag free solution. Order online now!

Universal Assignment (April 13, 2024) Grow Your Business Assessment 2. Retrieved from https://universalassignment.com/grow-your-business-assessment-2/.
"Grow Your Business Assessment 2." Universal Assignment - April 13, 2024, https://universalassignment.com/grow-your-business-assessment-2/
Universal Assignment December 27, 2022 Grow Your Business Assessment 2., viewed April 13, 2024,<https://universalassignment.com/grow-your-business-assessment-2/>
Universal Assignment - Grow Your Business Assessment 2. [Internet]. [Accessed April 13, 2024]. Available from: https://universalassignment.com/grow-your-business-assessment-2/
"Grow Your Business Assessment 2." Universal Assignment - Accessed April 13, 2024. https://universalassignment.com/grow-your-business-assessment-2/
"Grow Your Business Assessment 2." Universal Assignment [Online]. Available: https://universalassignment.com/grow-your-business-assessment-2/. [Accessed: April 13, 2024]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Categories

Get 90%* Discount on Assignment Help

Most Frequent Questions & Answers

Universal Assignment Services is the best place to get help in your all kind of assignment help. We have 172+ experts available, who can help you to get HD+ grades. We also provide Free Plag report, Free Revisions,Best Price in the industry guaranteed.

We provide all kinds of assignmednt help, Report writing, Essay Writing, Dissertations, Thesis writing, Research Proposal, Research Report, Home work help, Question Answers help, Case studies, mathematical and Statistical tasks, Website development, Android application, Resume/CV writing, SOP(Statement of Purpose) Writing, Blog/Article, Poster making and so on.

We are available round the clock, 24X7, 365 days. You can appach us to our Whatsapp number +1 (613)778 8542 or email to info@universalassignment.com . We provide Free revision policy, if you need and revisions to be done on the task, we will do the same for you as soon as possible.

We provide services mainly to all major institutes and Universities in Australia, Canada, China, Malaysia, India, South Africa, New Zealand, Singapore, the United Arab Emirates, the United Kingdom, and the United States.

We provide lucrative discounts from 28% to 70% as per the wordcount, Technicality, Deadline and the number of your previous assignments done with us.

After your assignment request our team will check and update you the best suitable service for you alongwith the charges for the task. After confirmation and payment team will start the work and provide the task as per the deadline.

Yes, we will provide Plagirism free task and a free turnitin report along with the task without any extra cost.

No, if the main requirement is same, you don’t have to pay any additional amount. But it there is a additional requirement, then you have to pay the balance amount in order to get the revised solution.

The Fees are as minimum as $10 per page(1 page=250 words) and in case of a big task, we provide huge discounts.

We accept all the major Credit and Debit Cards for the payment. We do accept Paypal also.

Popular Assignments

Assignment: Implement five dangerous software errors

Due: Monday, 6 May 2024, 3:00 PM The requirements for assessment 1: Too many developers are prioritising functionality and performance over security. Either that, or they just don’t come from a security background, so they don’t have security in mind when they are developing the application, therefore leaving the business

Read More »

LNDN08003 DATA ANALYTICS FINAL PROJECT

Business School                                                                 London campus Session 2023-24                                                                   Trimester 2 Module Code: LNDN08003 DATA ANALYTICS FINAL PROJECT Due Date: 12th APRIL 2024 Answer ALL questions. LNDN08003–Data Analytics Group Empirical Research Project Question 2-The project (2500 maximum word limit) The datasets for this assignment should be downloaded from the World Development Indicators (WDI)

Read More »

Microprocessor Based Systems: Embedded Burglar Alarm System

ASSIGNMENT BRIEF 2023/24 Microprocessor Based Systems   Embedded Burglar Alarm System Learning Outcomes This assignment achieves the following learning outcomes:   LO 2 -Use software for developing embedded systems in ‘C’ and testing microcontroller systems including the use of design tools such as Integrated Development Environments and In Circuit Debugger.

Read More »

Imagine you are an IT professional and your manager asked you to give a presentation about various financial tools used to help with decisions for investing in IT and/or security

Part 1, scenario: Imagine you are an IT professional and your manager asked you to give a presentation about various financial tools used to help with decisions for investing in IT and/or security. The presentation will be given to entry-level IT and security employees to understand financial investing. To simulate

Read More »

DX5600 Digital Artefact and Research Report

COLLEGE OF ENGINEERING, DESIGN AND PHYSICAL SCIENCES BRUNEL DESIGN SCHOOL DIGITAL MEDIA MSC DIGITAL DESIGN AND BRANDING MSC DIGITAL DESIGN (3D ANIMTION) MSC DIGITAL DESIGN (MOTION GRAPHICS) MSC DIGITAL DESIGN (IMMERSIVE MIXED REALITY) DIGITAL ARTEFACT AND RESEARCH REPORT                                                                 Module Code: DX5600 Module Title: MSc Dissertation Module Leader: XXXXXXXXXXXXXXXXX Assessment Title:

Read More »

Bsc Public Health and Health Promotion (Top up) LSC LONDON

Health and Work Assignment Brief.                 Assessment brief: A case study of 4,000 words (weighted at 100%) Students will present a series of complementary pieces of written work that:   a) analyse the key workplace issues; b) evaluate current or proposed strategies for managing them from a public health/health promotion perspective

Read More »

6HW109 Environmental Management and Sustainable Health

ASSESSMENT BRIEF MODULE CODE: 6HW109 MODULE TITLE: Environmental Management and Sustainable Health MODULE LEADER: XXXXXXXXX ACADEMIC YEAR: 2022-23 1        Demonstrate a critical awareness of the concept of Environmental Management linked to Health 2        Critically analyse climate change and health public policies. 3        Demonstrate a critical awareness of the concept of

Read More »

PROFESSIONAL SECURE NETWORKS COCS71196

PROFESSIONAL SECURE NETWORKS– Case Study Assessment Information Module Title: PROFESSIONAL SECURE NETWORKS   Module Code: COCS71196 Submission Deadline: 10th May 2024 by 3:30pm Instructions to candidates This assignment is one of two parts of the formal assessment for COCS71196 and is therefore compulsory. The assignment is weighted at 50% of

Read More »

CYBERCRIME FORENSIC ANALYSIS – COCS71193

CYBERCRIME FORENSIC ANALYSIS – COCS71193 Assignment Specification Weighted at 100% of the module mark. Learning Outcomes being assessed by this portfolio. Submission Deadline: Monday 6th May 2024, 1600Hrs. Requirements & Marking Scheme General Guidelines: This is an individual assessment comprised of four parts and is weighted at 100% of the

Read More »

Social Media Campaigns (SMC) Spring 2024 – Winter 2024

Unit: Dynamic Websites Assignment title: Social Media Campaigns (SMC) Spring 2024 – Winter 2024 Students must not use templates that they have not designed or created in this module assessment. This includes website building applications, free HTML5 website templates, or any software that is available to them to help with

Read More »

ABCJ3103 NEWS WRITING AND REPORTING Assignment

ASSIGNMENT/ TUGASAN _________________________________________________________________________ ABCJ3103 NEWS WRITING AND REPORTING PENULISAN DAN PELAPORAN BERITA JANUARY 2024 SEMESTER SPECIFIC INSTRUCTION / ARAHAN KHUSUS Jawab dalam bahasa Melayu atau bahasa Inggeris. Jumlah patah perkataan: 2500 – 3000 patah perkataan tidak termasuk rujukan. Hantar tugasan SEKALI sahaja dalam PELBAGAIfail. Tugasan ini dihantar secara ONLINE. Tarikh

Read More »

ABCM2103 INFORMATION TECHNOLOGY, MEDIA AND SOCIETY Assignment

ASSIGNMENT/ TUGASAN _________________________________________________________________________ ABCM2103 INFORMATION TECHNOLOGY, MEDIA AND SOCIETY TEKNOLOGI MAKLUMAT, MEDIA DAN MASYARAKAT JANUARY 2021 SPECIFIC INSTRUCTION / ARAHAN KHUSUS Jawab dalam Bahasa Melayu atau Bahasa Inggeris. Jumlah patah perkataan : 2500 – 3000 patah perkataan tidak termasuk rujukan. Hantar tugasan SEKALI sahaja dalam SATU fail. Tugasan ini dihantar

Read More »

ABCR3203 COMMUNICATION LAW Assignment

ASSIGNMENT/ TUGASAN _________________________________________________________________________ ABCR3203 COMMUNICATION LAW UNDANG-UNDANG KOMUNIKASI JANUARY 2024 SEMESTER SPECIFIC INSTRUCTION / ARAHAN KHUSUS Jawab dalam Bahasa Melayu atau Bahasa Inggeris. Jumlah patah perkataan : 2500 – 3000 patah perkataan tidak termasuk rujukan. Hantar tugasan SEKALI sahaja dalam SATU fail. Tugasan ini dihantar secara ONLINE. Tarikh penghantaran        :

Read More »

ORGANISATIONAL STRATEGY PLANNING AND MANAGEMENT ASSIGNMENT

POSTGRADUATE DIPLOMA IN BUSINESS MANAGEMENT ORGANISATIONAL STRATEGY PLANNING AND MANAGEMENT ASSIGNMENT NOTE: At postgraduate level, you are expected to substantiate your answers with evidence from independent research. INTRODUCTION TO THE ASSIGNMENT • This assignment consists of FOUR compulsory questions. Please answer all of them. • When you answer, preferably use

Read More »

Solution: Scenario 1, Mirror therapy in patients post stroke

Title: Scenario 1, Mirror therapy in patients post stroke Part 1 : Summary Ramachandran and colleagues developed mirror therapy to treat amputees’ agony from phantom limbs. Patients were able to feel their amputated limb without experiencing any pain by presenting them a mirror image of their healthy arm. Since then,

Read More »

Solution: Exploring the Dominance of Silence

Slide 1: Title – Exploring the Dominance of Silence The title, “Exploring the Dominance of Silence,” sets the stage for a deep dive into the portrayal of silence in Philip K. Dick’s “Do Androids Dream of Electric Sheep?” Our presentation will dissect the literary techniques used by the author to

Read More »

Solution: Assessment: Critical Reflection S2 2023

The policies that hampered the cultural survival of Indigenous groups have a major effect on their health (Coffin, 2007). Cultural isolation can cause an identity crisis and a sense of loss, which can exacerbate mental health problems. Indigenous people have greater rates of chronic illness and impairment due to historical

Read More »

Solution: The Market – Product and Competition Analysis

Section 1: The Market – Product and Competition Analysis Industry and Competition Analysis: The baking mix market is very competitive, but My Better Batch is entering it anyhow. The prepackaged baking mixes sold in this market allow busy people to have bakery-quality products on the table quickly without sacrificing quality

Read More »

Solution: PDCA model for Riot

Student Name: Student ID: University Name: Date: Learning Outcome 1: Engage actively in recognizing a new product/service for Riot and detect the vital tasks required for its effective growth. In this comprehensive learning outcome, Riot’s progress towards innovation superiority is characterized by a deliberate scheme that draws on components from

Read More »

Solution: EDEN 100 – ASSIGNMENT 1

Part 1: Reflections on the Register Variables Use the questions in Column 1 and analyse the sample oral interactions provided under the assessment tile. The transcript for Viv’s conversation is provided on pages 4-5. Probe Questions  Link to readings and theory Interaction 1 Interaction 2 PART 1 – ANALYSING THE

Read More »

Solution: TCP/IP Questions

Table of Contents Question 1. 1 1. IPSec datagram protocol 1 2. Source and destination IP addresses in original IP datagram.. 1 3. Source and destination IP addresses in new IP header 2 4. Protocol number in the protocol field of the new IP header 2 5. Information and Bob.

Read More »

Solution: Fundamentals of Employment Assistance Program and Counselling

ASSESSMENT 3 Subject: Fundamentals of Employment Assistance Program and Counselling Case study Question 1 a)     Major Issues for Theo that could be addressed in counselling: b)    Issues to Address First in Short-Term Counselling:             The cognitive processes of memory, focus, and decision-making are all impacted by insufficient sleep. Such cognitive

Read More »

Solution: EQUITY AND INCLUSION IN EARLY CHILDHOOD IN AUSTRALIA

Written Policy Recommendation Name: Student Number: Email: Date: Introduction: The early years of a child’s life are important for their holistic development, making early childhood education a foundation for their future accomplishments. Nevertheless, guaranteeing equality and inclusion in early childhood education stays a major problem in our society. This policy

Read More »

Solution: Report Health Issue

Table of Contents Executive Summary                                                                                                   3 Introduction                                                                                                                5 Examination of the Chosen Health Issue in the Context of Lambeth                        5 Application of Health Inequality Framework and Analysis of Determinants: Psychotropic Drug Use in Lambeth                                                                           6 Exploration and Discussion of Strategies to Manage Psychotropic Drug Use in Lambeth                                                                                                                        7 Conclusion                                                                                                                  8

Read More »

Solution: Section III: Marketing

Section III: Marketing Channels for Advertising: Understanding Who Makes Baking Product Purchase Decisions is Crucial for My Better Batch’s Business Success (Sampson et al, 2017). Home bakers may make up a disproportionate share of the decision-makers in the UK. As a result, My Better Batch has to target people, especially

Read More »

Can't Find Your Assignment?

Open chat
1
Free Assistance
Universal Assignment
Hello 👋
How can we help you?