Most of the males were earning an income of about $40,000 annually and most were of the age of 30 years and above. They were willing to spend $30 or more for the dog bowl which would give their pets a constant supply of fresh water. Most of them had a medium sized pet which spent much of their time outside allowing this water bowl to be very convenient during the summer. Our survey also shows that 93% of the people that did the survey were home owners. Our survey also shows that 57% of the population were interested in owning pets because of our new product on the market.
We are going to stay within our price range and we can expect to sell about 45 a week and maximize our profit. Our expense to make this product would be $30 so we will charge $49.99 leaving us with a profit of $19.99 thus $899.55 per week. 66% Profit