Common use of Competition and Buying Patterns Clause in Contracts

Competition and Buying Patterns. The major factor for our customers to utilize services with Frenzs will depend upon the success of using key data such as this to evolve our strategies. Although at the present, we offer a unique product offering unlike any other in the industry, we don’t intend to sit around and rely on past laurels. As we increasingly gather exposure, we will also gather more followers, and earn an enhanced professional reputation with both our end users and our professional client base as well. Nielsen Global research has concluded that 83% of consumers take action because of trusted recommendations. In today’s marketplace consisting of individuals age 18 – 54, which comprises two separate groups age 18 – 34 and 25 – 54; according to the Bureau of Labor Statistics data shows that spending on entertainment in this age group averaged just under $3,000 per year, and that of that amount mobile and on-line spending comprised 54% of this number (according to Digital 360). Of that total expenditure of $1,620 (54%), Trinity Development Hub, and its mobile app Frenzs, believes it can ▇▇▇▇▇▇ just 0.0148% of that spending, which would represent the total cost of an annual subscription. Thus, our primary target audience are those ages 18 – 54, and we have based on sales and revenue numbers on the previous set of conclusions. Most business owners and marketers have heard the refrain that Social Media is important, and while this is certainly true, we sometimes don’t think about why Social Media is so valuable. Things like brand awareness, website traffic, and fan engagement are a good start, but they don’t cover what makes Social Media Marketing so important. Social Media, or more accurately, the content that is easy to spread via Social Media, has the ability to make people act in very specific ways that are positive to business owners. This embodies the framework that Frenzs will utilize to track our competitive environment, and assess consumer buying patterns for both our use, and in recommending strategies for our FrenzsPro client base.

Appears in 2 contracts

Sources: Confidentiality Agreement, Confidentiality Agreement