Questions

Marketing Questions!

1) The three items that we debated on producing before we selected the final decision are biodegradable cars that can run on composted water, a robot that lets your dog out while you are at work, and a purse that charges your phone. 2) My product stands out in the age of abundance because this charger will be able to charge on the go. This will be good for people on the go like business people because their phone will die while their making deliveries. 3) The competition for our charger is that there are cases that charge your phone while having it on. We will win the market for our product because by having it in your purse it will be protected and people wont be able to see it so people wont think to steal it. 4) If our project fails then it will be a big mistake because people will invest in something that they think will work and the money that people were putting into the purse will now go to the phone case charger because it will be preferred over the purse since the purse failed. Also the material put into the purse will go to waste because people most likely wont feel like keeping the purse if it doesn’t work for its purpose. 5) I will design my package so the purse is attractive and also I will make the charger cord and the charging pad match the design on the purse so then It will blend in and you wont be able to notice that it is there. The story that plays a part in the advertisement is phone charger on the go. 6) 7) We will produce our product by having the liner of the purse be a charging pad. Also we will produce our product by having a cute design. 8) We will advertise by having someone display it in New York City because that is where a lot of business people that are on the go are. We are marketing our product for everyone but mostly people that are on the go. 9) I will approach stores like Coach and Gucci with my purse. 10)Our product will cost about 50 dollars to produce it but with shipping and materials it could be around 75 dollars. The price that we will sell our item for is about 100 dollars. The amount of money that we will profit for each item is around 15 dollars.