#med7006

With my entrepreneurial idea focusing more on the creative side instead of the business and financial side, I have tried to figure out how I could make a profit from my idea. Listed below are some ideas which I have thought of in order to fund my idea;

  Ask the University for funding.

With the company being based within the university and with the university able to use this as promotional material, I thought that I could ask the University for funding to see whether they would be able to help with the idea. The steps I would have to take are to get in touch with marketing, contact the IT department, research and ask the Dean to see if he would approve of this idea, ask lectures to see if they will support the idea.

Crowd funding

Set up a webpage asking people to donate to the idea to help the creative community within the university.

  Membership fee/subscription.  

Charging a monthly, annual or even a membership fee for students to pay in order for them to participate and upload their ideas with free entry into events and membership privileges. 

  Monthly events with a door charge

Hold monthly events at a local student bar and charge on the door prices of £5.

  App for IPhone and Android

Develop an app where students and download and upload their content and charge 0.79p - £2.99 for the app on GooglePlay or the AppStore.

  Sponsorship

Approach companies to see if they can sponsor the company. Whether that be with equipment or product placement.

  Advertisements

Offer advertising space on the website and on the app for businesses to promote themselves to a selective audience.

  Merchandise

With my idea of an open and collaborative production company set for building video content for BCU’s website, in house television systems and social media, my creative tool will be collaboration.

 With many people studying many creative courses, I will be looking to aim my project at;

 ·      Musicians

·      Videographers

·      Photographers

·      Graphic designers

·      Creative writers

·      And any student who would like to be involved and creative within the production company

 With monthly themes that the university could use to their advantage, participate in and promote. Of course these themes are only a rough idea at the moment, however this is what it might look like;

 ·      September – Freshers, new challenges

·      October – Halloween  

·      November – Anti Bullying

·      December – Christmas

·      January – New start/New you/ new year

·      February – Valentines

·      March – Easter/spring

·      April – Creativity and Innovation (15-21st)

·      May – Mental Health

·      June – End of year, reflection

 I will post a video stating what I would like people to do to contribute, whether it’s singing, music, graphics etc. After I have posted up my pitch I will make sure the specifics are in place, e.g. if it’s video, make sure it’s in a certain resolution, if it’s music, make sure it’s recorded at a certain BPM. Also I will add a deadline to every pitch so I can review what’s been submitted, see what I can use and edit the footage to the set theme.

 Whoevers work will make it to the final edit will be notified and will also be allowed to use said piece for their showreel or to promote themselves.