Financials:
Marketing strategy:
Our strategy is seeing what others in the same industry field had done before us. Seeing the ways in which they had advertised their product and how it came to the be purchased. We will also talk to people about our product to see if it is a product in which people find helpful.
Competitive advantage:
Our prices are lower than the prices of other companies as we will be a new upcoming business.
Marketing strategy:
Our strategy is seeing what others in the same industry field had done before us. Seeing the ways in which they had advertised their product and how it came to the be purchased. We will also talk to people about our product to see if it is a product in which people find helpful.
Distribution patterns:
Our patterns with distribution will be seen from how we first start out when people begin purchasing our product. Although those of people who come and purchase our product from our store we will still need to see how everything will come together as a whole.
Positioning statement:
We fill the customer’s needs with our product because it is more efficient and beneficial for the environment than those of products from our competitors.
Pricing strategy:
In the beginning our prices will be reasonably low since we are a new upcoming business but when our company begins getting more attention from people that are interested in purchasing our product, our prices will then be raising increasingly. Then at some point leveling out to a price in which we still have good sales.
Sales strategy:
We will have Black Friday sales and other sales during the holidays.. Buy one and get the installment free. Possibly getting discounts for referring people to purchase our item.
Revenue streams:
Revenue will be gained by purchase of any offers or products we have.
Sales forecast:
By our first year, we predict we will have more than 100 of our fake trees and that every year it will increase by a good 75% more.
Milestones:
Our first milestone would be reaching 200 sales of our product.Our milestones include breaking even with sales, our first 1000 units sold, a steady stream of revenue to reinvest into the company, and the first retail store specifically for our company.
Assumptions:
Meanwhile the products that we need to get to put together the solar panel tree, that every tree will be sold and used to its extent.
Break-even analysis:
In order to break even with manufacturing and other expenses for the first year, we must sell about 372 units.
Projected profit and loss:
For our first year of business the projected profit of our product is incredibly low; at about $4,760 due to expenses amounting $37,210
Projected cash flow:
For the first year, our cash flow will be about $44,200 and is projected to double every year until 10 years later, in which our revenue should be about $707,200 annually. After this point, the revenue generated should begin to slow and will potentially increase in small increments.
Business ratios:
We will know the ratios once we focus on the improvements of our profits.
Our strategy is seeing what others in the same industry field had done before us. Seeing the ways in which they had advertised their product and how it came to the be purchased. We will also talk to people about our product to see if it is a product in which people find helpful.
Competitive advantage:
Our prices are lower than the prices of other companies as we will be a new upcoming business.
Marketing strategy:
Our strategy is seeing what others in the same industry field had done before us. Seeing the ways in which they had advertised their product and how it came to the be purchased. We will also talk to people about our product to see if it is a product in which people find helpful.
Distribution patterns:
Our patterns with distribution will be seen from how we first start out when people begin purchasing our product. Although those of people who come and purchase our product from our store we will still need to see how everything will come together as a whole.
Positioning statement:
We fill the customer’s needs with our product because it is more efficient and beneficial for the environment than those of products from our competitors.
Pricing strategy:
In the beginning our prices will be reasonably low since we are a new upcoming business but when our company begins getting more attention from people that are interested in purchasing our product, our prices will then be raising increasingly. Then at some point leveling out to a price in which we still have good sales.
Sales strategy:
We will have Black Friday sales and other sales during the holidays.. Buy one and get the installment free. Possibly getting discounts for referring people to purchase our item.
Revenue streams:
Revenue will be gained by purchase of any offers or products we have.
Sales forecast:
By our first year, we predict we will have more than 100 of our fake trees and that every year it will increase by a good 75% more.
Milestones:
Our first milestone would be reaching 200 sales of our product.Our milestones include breaking even with sales, our first 1000 units sold, a steady stream of revenue to reinvest into the company, and the first retail store specifically for our company.
Assumptions:
Meanwhile the products that we need to get to put together the solar panel tree, that every tree will be sold and used to its extent.
Break-even analysis:
In order to break even with manufacturing and other expenses for the first year, we must sell about 372 units.
Projected profit and loss:
For our first year of business the projected profit of our product is incredibly low; at about $4,760 due to expenses amounting $37,210
Projected cash flow:
For the first year, our cash flow will be about $44,200 and is projected to double every year until 10 years later, in which our revenue should be about $707,200 annually. After this point, the revenue generated should begin to slow and will potentially increase in small increments.
Business ratios:
We will know the ratios once we focus on the improvements of our profits.