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“Because Cleanliness is next to Godliness”. By Mike Gross, Vinny DeLorenzo , Kevin Durham, & Matt Welling BUS 306-03 May 9, 2013. Agenda. Introduction Talk about Product Explain the market Competition/Production/Distribution Analysis of company Conclusion Infomercial. Opportunity.
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“Because Cleanliness is next to Godliness” By Mike Gross, VinnyDeLorenzo, Kevin Durham, & Matt Welling BUS 306-03 May 9, 2013
Agenda • Introduction • Talk about Product • Explain the market • Competition/Production/Distribution • Analysis of company • Conclusion • Infomercial
Opportunity Step-pedal trashcan?
Product Offering Foot-pedal operated toilet seat lift Benefits are threefold: • Hygienic • Prevents “toilet seat conflict” • Reduces strain
Trends Value = Key The Heavenly Lift • Simple design • Low price • Reliability
Market Needs According to March 2, 2013 survey • Willing to spend $45 on such a product
Target Market 30+ years of age • Generation X • Working individuals with families • Baby Boomers • 50% of money spent yearly • Retiring at a rate of 8,000 individuals per day
The Competition • iTouchless Auto • Electronic • $129.99 • Brondell S1000-EW • Electronic • $599.00 • TOTO SW-554 • Electronic • $799.99
The Heavenly Lift • Retails for $39.95 • Mechanical operation • Simple, reliable, and sleek
Marketing • Direct Marketing • Infomercials • Indirect Marketing • Social media • Business website
Production Three-step process • Toilet seats and lift-can pedals are shipped to facility • Seats and pedals are packaged together by Heavenly Lift workers • Units are shipped for distribution
Pricing The Heavenly Lift retails for $39.95 Brings value to the customer through • Simplicity • Ease of use • Reliability
Break-Even Analysis Break even at 30,000 units sold At normal operating capacity, it will take 3.125 months to break even
Income Analysis Unit Price – Unit Cost = Profit per unit $39.95 – $16.09 = $23.86 per unit
Conclusion The Heavenly Lift: Foot-pedal operated toilet seat lift Benefits are threefold: • Hygenic • Prevents “toilet seat conflict” • Reduces strain