My Roles:
I covered research and presentation of our 12 Month Objectives, Target Market, Advertising/ Sales and Resource Space
I covered research and presentation of our 12 Month Objectives, Target Market, Advertising/ Sales and Resource Space
SLIDE 3 – 12 Month Objectives
For the first year we will be focusing on the promotion of our company
Setting up an online presence – a website and online shop where handmade gifts and personalized products such as stationary/ mugs/ cards etc can be purchased.
Othis is underway, and we have a big enough profit, we will use it to set up a pop up shop
Which we will base in leeds – because this is where we all live.
SLIDE 4 – TARGET MARKET
The target market is the gift buyers, This will be mostly people with a higher desposible income – Like working adults that are socially obliged to buy gifts - parents/ grandparents/ friends buying gifts, especially in the christmas period.
Our
competitors would be companies such as Paperchase and Moonpig
S.W.O.T
analysis:
Strengths
of the competition -
Paperchase
is very successful because it sells commercial products - Pretty & stylish
gifts for a low price.
Moonpig
personalises gifts for cheap, adding delivery to it's services. It's also
highly accessible due to predominantly being an online business.
Weaknesses
-
Paperchase
doesn't have the personal touch; Moonpig doesn't have products of a good quality.
Opportunities
-
Moonpig has
made use of Internet shopping becoming popular and capitalises on holidays such
as Christmas, Mother's Day etc. through advertising their gifts
Our
opportunities - a more personal approach to personalising - products being hand
crafted as opposed to being mass-produced
Threats
faced - competitors being more popular
SLIDE 5 – ADVERTISING
WEBSITE LAYOUT – WE WILL PROPOSE TO BE AN ADD
ON PART OF COMPANIES THAT DELIVER PRODUCTS, THE END PROCESS OF
BUYING A PRODUCT WILL LOOK LIKE THIS(indicated in the presentation).
JUST AN EXTRA STEP WHEN ORDERING A PRODUCT –
WE THINK THAT THIS WILL BE A GOOD INVESTMENT FOR COMPANIES
AS IT’S UNIQUE AND MAKES THEM STAND OUT AMONGST COMPETITORS
–
ESPECIALLY IF THE PURCHASED ITEMS ARE GIFTS, IT
WOULD BE A MORE COMMON FEATURE AROUND CHRISTMAS TIME,
–
AND OTHER TIMES THERE COULD BE A FREE (SIMPLE,
CHEAP) GIFT WRAP OPTION (OR DISCOUNTED) TO MAKE THE PACKAGE LOOK NICER, AND TO
INFLUENCE PEOPLE TO USE THE FEATURE AGAIN. (AND THEN PAY)
THERE ARE PLENTY OF DIFFERENT OPTIONS TO SELECT FROM IN
ORDER TO GET WRAPPING UNIQUE TO THE BUYER / GIFT RECEIVER
ALL OF WHICH WILL BE MADE FROM RECYCLED PAPER AND BE
RECYCLABLE.
SLIDE 11 - RESOURCE SPACE
-Studio space for 3 and office(s)
- space based on growth & money
- dependent on success, more staff/ locations may need to be employed for packing and delivering from factories.
(leeds based)
- Expand further by passing over to manufacturers in key locations around the country such as near partnerships we form.
-Studio space for 3 and office(s)
- space based on growth & money
- dependent on success, more staff/ locations may need to be employed for packing and delivering from factories.
(leeds based)
- Expand further by passing over to manufacturers in key locations around the country such as near partnerships we form.
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