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FlyWheel never been better. Johan, Sarah, Navid , Jay. Table of contents. Introduction Mission & Goals Differentiation of our business Marketing mix Budgets. Mission & Goals. Mission Statement Flywheel is an innovative spin class & fitness
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FlyWheelnever been better Johan, Sarah, Navid, Jay
Table of contents • Introduction • Mission & Goals • Differentiation of our business • Marketing mix • Budgets
Mission & Goals Mission Statement Flywheel is an innovative spin class & fitness studio with a focus on luxurious living; where fitness, art and relaxation share the same dimension. Come in and rethink traditional fitness standards. Goals To obtain 60 full time members within six months of opening. To be featured in a handful of press outlets in Vancouver within first 3 months To break even in regards to profit making within the first year of operation
Key Features • Spin class • Yoga class • Skin care lines
Target Market • Female • Working class • Age between 20-50 years old • Market size (35.99% of 11000+ population)
Points of difference • Providing various types of service • Comfort & informal atmosphere • Manage schedules • Book online
Location • 901 Mainland Street, Vancouver
Product Strategy Class Description • Spin class • Power Yoga • Skin care lines
Pricing Strategy Objective: Membership fee -> Third goal Factors • Start-up costs • Expenditure on fitness • Competitors pricing
Budget • Fixed costs = $188,316.00 • Notes payable = $88,316.00 • Variable costs = $19,530.65 • Projected revenue = $28,047.00 • Profit = $323.00
Promotional Strategy for LT • Grand Opening • Charity Event (Karma classes) • Holiday Sales Promotion • Vancouver Health & Wellness • Promotional Advertisement throughout year
Media Channel • Georgia Straight • Vancouver Sun • Breakfast Television Vancouver • Vancity Buzz • Vancouver Lifestyles Magazine
Electronic Marketing Strategy • Facebook • Twitter • Instagram • Focus on social media to connect and communicate with members