Marketing+Questions

__//**Inflataballs Marketing Questions**//__ 1. Detail three items you debated on producing before selecting your produced items? A. we debated on rocket shoes these were shoes that could make someone fly. We didn’t do this because it is impossible and wouldn’t work. B. We talked about making a phone case that couldn’t break. This phone case would be bullet proof. We didn’t do this because everyone in the group didn’t want to. C. The last thing we talked about was making was a snapback hat. This hat would make you have special powers. We didn’t do this idea because it could not be possible. 2. Does your product have demand in age of abundance? Yes, everyone needs our product because it saves space. 3. What is your competition for your product? How will you win the market for your product? The competition for our product is other sports companies that sell sports the animals. 4. Explain how if the product fails it is a big mistake. If our product fails the we will loose a lot of money and not have any money to care for the animals. 5. How will you design you package? How will story play a part in advertising of your product? Slim, minimal packaging to show that we are ecologically friendly, and also have recycled plastic signs which will play part with the story in our project. 6. create a prototype of your product. 7. How will you produce your product? We will send designs and models to a company to make our product. 8. How will you advertise? Who are you marketing for? Why? We will advertise our product with emphasis on the ecologically friendly components. This will include the recycled plastic. Our products will be centered around younger children, because of the portability. 9. What stores will you approach with your product? We will take our products to Wal Mart, Toys R Us, Olympia Sports, and Dicks. 10. How much will your product cost to make per parcel? This includes cost of materials, production, and shipping. For how much will you sell your product? What will the price be? What is your profit margin for the product? The plastic per piece will be around one dollar, because it is all recycled, and reused. To make this product, another approximate dollar will be required for the product mold. Shipping will be about 5 dollars alone. We will sell our product for ten dollars, and an extra five for shipping, so we make about eight dollars per product.