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IAMNOTPLASTIC Your World in a Bag Maddy Pick | Patty Liao | Prasanth Madathil | Bo Zhu APD 2010| University of Michigan December 2, 2010.

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Presentation on theme: "IAMNOTPLASTIC Your World in a Bag Maddy Pick | Patty Liao | Prasanth Madathil | Bo Zhu APD 2010| University of Michigan December 2, 2010."— Presentation transcript:

1 IAMNOTPLASTIC Your World in a Bag Maddy Pick | Patty Liao | Prasanth Madathil | Bo Zhu APD 2010| University of Michigan December 2, 2010

2 I AM NOT PLASTIC | 2 AGENDA Problem | Market need Solution | Product design Business Model Financial Breakdown

3 I AM NOT PLASTIC | 3

4 I AM NOT PLASTIC | 4 PROBLEM | DEFINITION Plastic bags = urban tumbleweed Our goal is to reduce plastic bag consumption and change consumer behavior to promote sustained usage of reusable bags.

5 I AM NOT PLASTIC | 5 PROBLEM | CURRENT ISSUES Target user: College students Existing Issues: – Forget – Inconvenient – Don’t have one

6 I AM NOT PLASTIC | 6 PROBLEM | MARKET NEED IANP Solution book bag plastic bags reusable bag Memorability Comfort

7 I AM NOT PLASTIC | 7 KEY DESIGN OBJECTIVES Comfort Memorability Existing competitors Other considerations

8 I AM NOT PLASTIC | 8 The IAMNOTPLASTIC Solution…

9 I AM NOT PLASTIC | 9 WHY? Cotton & Hemp Transferable straps Expandability Extra bags Pockets

10 I AM NOT PLASTIC | 10 BUSINESS MODEL Start off on a small scale (minimize capital) – In-house manufacturing Sources of Capital – Donations from friends and family – Angel Investors and Fundraisers Launch the product in one university Emphasize direct marketing to customers

11 I AM NOT PLASTIC | 11 MODES OF MARKETING Short Term College Representatives Launch it in stores on campus Put up stalls on campus Long Term Online sales Big companies and supermarkets

12 I AM NOT PLASTIC | 12 FINANCIALS We need $15,000 in startup capital We will become profitable in the 9 th month of Year 3 We will sell the bag for $39.56

13 I AM NOT PLASTIC | 13 FINANCIAL OVERVIEW Year201120122013 Revenue$28,000$55,000$81,000 Operating Cost$35,000$52,000$72,000 Operating Profit($7,000)$3,000$9,000 CostPer Year Business$8,000 Product$25,000 Office$20,000 Capital$4,000

14 I AM NOT PLASTIC | 14 CASH ON HAND 2011 2012 2013 Breakeven Point September 2013

15 QUESTIONS?


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