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NOTHING APPAREL & HARDGOODS. MICHAEL MANNING LUC NIKIEMA WEARENOTHING.NET WEARENOTHING.BIGCARTEL.COM. AGENDA. Mission Statement / Team Business Systems Pricing Model Budget Financing Sales Forecast Brand Image Challenges Going Forward Conclusion. MISSION STATEMENT.
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NOTHINGAPPAREL & HARDGOODS MICHAEL MANNING LUC NIKIEMA WEARENOTHING.NET WEARENOTHING.BIGCARTEL.COM
AGENDA • Mission Statement / Team • Business Systems • Pricing Model • Budget • Financing • Sales Forecast • Brand Image • Challenges Going Forward • Conclusion
MISSION STATEMENT • NOTHING is a company which is dedicated to bringing urban teens and young adults high quality contemporary classical apparel and accessories from t-shirts to outerwear to hats to skateboards to wallets. TEAM • Michael Manning • Luc Nikiema • Design Team • Production Team (518 Prints & Dynotex Brooklyn)
BUSINESS PROCESSES • Web Presence • Webstore • Website • Inventory Management/Logistics • Sales & Marketing • Deal with retail accounts • Possible CRM system • Watch trends • Product Development • Graphic Design • Materials Choice • Pattern Making • Purchasing • Fabrics • Blank T-Shirts/Sweatshirts
PRICING MODEL Example of typical printed T-shirt (Clothing mark up is traditionally 100%)
FINANCING • Initial start up costs • Family • Friends • Fools • Second round financing • Dependent on initial orders • Production volume • Angel investor (Volcom)
BRAND IMAGE • Contemporary Classic • Traditional garments • Pea Coat, Bomber Jacket, T-Shirt, Button Downs…Etc. • Ralph Lauren • Nothing Flashy • Basic colors • Simple prints and logo designs • Classic silhouettes • American Minimalism • Charles & Ray Eames • Donald Judd
CHALLENGES GOING FORWARD • Raising initial start up funds • Securing more designers • Cut & Sew manufacturing • Trade Shows • Connecting with additional retail accounts • Promoting the brand • Athletes • Advertising • Online • Offline
CONCLUSION • Low start-up costs • High margins • Highly dependent on networks and trends • Fundamental success is dependent on acquisition of good design talent and product differentiation