Sleep like you never did, Rest like you’re in a dream. Tim B& John C

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Presentation transcript:

Sleep like you never did, Rest like you’re in a dream. Tim B& John C

MISSION STATEMENT Create a restful and friendly neighborhood by introducing the high quality stretchable water chair to the community. A profitable business but satisfies the thirst of relaxation at the same time, reasonable priced, friendly customer service, safety & insurance, all in one.

PRODUCT Restful Liquid water chair What is the idea of this? Why? A balloon & spring structured chair Can be filled with any liquid and stretch into any shape Can also be used as a warmer or cooler by putting hot water or cold water in. What is the idea of this? Satisfy our customers by simply sitting on it. First stretchable water chair invented on earth. Why? Our goal is not to become wealthy, but to make a lovable, friendly neighborhood We did a small research, and the result told us if the people rest more, they wont get mad easily, which creates a better, friendly community.

PRODUCT MODEL A Square shaped chair, it has a spring like body structure, can be stretched into different forms. Originally 40X40X40 cm , After stretched 40x 100 x 40 cm

SUPPLIER Supplier Rubber Sheet Roll (http://www.rubbersheetroll.com) Supplies rubber materials Shanghai/Ningbo (http://www.alibaba.com/product- gs/344464888/silicon_sheet.html) Supplies water proof silicone sheet materials Still searching in progress for better suppliers

FINANCE: START UP Total Cost $345 Supplies $100 Labor $100/10hrs Planning to sell 65 chairs* 72x600 inches supplies cost 50$, 10KG silicon cost 50$ $100 of supplies can produce 65 chairs, which cost 1.54$/chair Labor $10/h Advertising 15cents/click, 15$/100clicks Shipping Average $1/product, 65$/65 sells Total money needed $345 Payment 1$/ per purchase, 65$ 1.9% + 30 cents Total Cost $345 Supplies $100 Labor $100/10hrs Advertising 15$/100clicks Shipping 65$/65 sells Payment 1$/ per purchase 65$

ADVERTISING Advertising on the internet YouTube Advertising Buy side ads from Google Make our own free website Internet advertising is the most popular advertising system in this modern world, the whole world is using it YouTube Advertising Make an advertising video on YouTube, showing the viewers how great is the product. There are over 300,000,000 accounts on YouTube, people can watch it freely, more importantly it does not cost any money.

SHIPPING Collaborate with Canada Post Shipping our product within Canada, would cost up to $0.70 for a 30kg package. Shipping the product from Canada to U.S.A. cost up to $1.05 for a 30kg package Shipping our product internationally, would cost $1.80 from Canada to anywhere else for a 30kg package. Cost more and more depends on the weight and the final destination

FINANCE: DAY ~ DAY Payment Labor Advertising 5sells= $76.3 1$/ per purchase 1.9% + 30 cents Labor 5h/day $10/h Advertising On Google Ad word 20clicks per day 15cents per Click YouTube Ad Total Day to Day $92 Advertising (Google Ad word) $3/day Labor $50/day Payment $39/day

GROWTH First step, we need to actually make our plan a successful business Add a massage vibration machine into the chair, make it a stretchable and lovable chair. Availability of many different colors Sizes for kids We are currently still thinking about some new ideas that can carry us into further development of our product, and some brand new ideas

TARGET MARKETING Mainly targeting at hardworking families. Mostly for the adult that works Invented to make people relax Works for every members in the family as well Also good for decorating The chair can be stretched into different shapes. So no matter how many people is there visiting your house, you always have enough sits for everyone.

CUSTOMER PAYMENTS withdrawing the money, there is a $5.00 to the your credit card Paying fees, receiving, withdrawing payments/money, through banks Accepting Payments Merchant Rate- 1.9% to 2.9% plus $0.30 Eligible Nonprofits- 1.9% plus $0.30 International Sales- 3.9% and fixed fee Transferring money Outside Canada Bank account or PayPal Balance- 0.5% to 2% Credit/Debit- 2.9% to 7.4% and fixed fee In Canada Bank account or PayPal Balance- free Credit/Debit - 2.9%+ $0.30

CUSTOMER SERVICES Payments/Refunds- If the customers needed refund for whatever reason Has to contact us within 10days after purchase or else no refund If contacted within 10days, the customers will get their money back or a new chair (Can’t if it is damaged) Contacts Phone Numbers that could contact us(Company #) An Email just for the business Website question box We have a 24 hours respond time

RISKS Competition the customers may not like our product but like other’s Our brand might not be as famous as the other big brands Our quality might be worse than others Starting the business If we made a mistake or if it wasn’t a good idea to start the business Lose all the money we have spent on starting the business

GOAL Invent an item that satisfies people’s need Sell at least 500 chair in a year Cooperate with some bigger brands Bring our creation into other bigger countries Start advertising on the television or other bigger advertising companies

POTENTIAL PROBLEMS & SOLUTIONS Cooperation problems Getting new workers Fire workers with bad behavior and hobbit Bad Constructing location Solved by looking at the surroundings before construction Not reaching our goal Customers may not use our customer service wisely For solution, think what age this is for and control the price

COMPETITORS Competitors Normal Chair - A good place to rest your butt, but ours is better Watercomfort- Watercomfort only sells chairs that are water but we have the chair that can change forms Bubble Chair- Bubble chair is only nice to sit on but only chair

CONCLUSION Our product is Restful Liquid Stretchable Water Chair Growth Add a vibrating machine Different colors Different sizes ( Small, Medium, and Large) Our Goal is Invent an item that satisfies people’s need Sell at least 500 chair in a year Cooperate with some bigger brands Bring our creation into other bigger countries Start advertising on the television or other bigger advertising companies