Team CADAK Andrea Fletes Amika Hebert Christy Nguyen Kelly Yee Derek Yip HAMPER ound.

Slides:



Advertisements
Similar presentations
The 4 P’s of Marketing consumer The Marketing Mix.
Advertisements

MARKETING THE INDUSTRY SEGMENTS
3.06 Develop A Foundational Knowledge Of Pricing To Understand Its Role In Marketing.
KAASI PRESENTS The G9 By Sergio Aguilar Ivan Pereira Ashlee Wattanakit Aaron Bagamaspad.
Team 1 Proudly Presents The Bath Cloud.
Sarkis H Mesrobian Mathew Gleason Hein Htet Aung.
Marketing Research Project Nintendo Wii Team Eleven.
Principles of Marketing Lecture-30 Summary of Lecture-29.
Highlighter Advance Team A.C.I.D. Arron Halopoff Chris Rockwell Ivonet Gomez Duc Nguyen.
Brilliant Five Justin Hammon Jonah Hontos Mohit Nayyar Jacob Johnson Sebastian Jimenez Or maybe four. Or three.
© The Shlee © 2006 By Antoinette Kathol. © Abstract The Shlee © is a synthetic rubber wedge attachment to a snowboard that will act as a slowing device.
Team Breeze Adam Diana Jeremy Robin Santiago. The improved entry system.
Four Brilliant Four Justin Hammon Jonah Hantos Mohit Nayyar Sebastian Jimenez.
Click it ‘n’ Stick it! Jasmine Klintong EWS 425 H Dr. Lin the revolutionary tool 
Lavagem Advancers Kathryn Cox An “Jimmy” He Eileen Roxas Rosa Segura Stephen Yan.
I PREPARE IT, In 3 EASY STEPS YOU ENJOY IT & You’re happy.
Pintels By, Cassie Milligan Rachel Sullivan Mariah Crumpler.
Team Eight: Team Eight: Eric Sternberg, Leah Frederick,,Steve Schweigert and Kelsi McKinley Lester Hierarchical Customer Needs Assessment 1.0 Performance.
Project By: Andrea King Ashley Dawson David McBride John Morey Kenny Smith.
MGT301 Principles of Marketing Lecture-30. Summary of Lecture-29.
“The newest way to enjoy your favorite timeless characters” Collect them ALL!! by Bradley Flanary The Wizard of Oz Doll.
Develop A Foundational Knowledge Of Pricing To Understand Its Role In Marketing.
Maine Goods. The Business  Market goods produced in Maine  Selling these goods to various crowds throughout the globe  Create a name for Maine based.
The Product Development Process BMI3C. Why? Product development starts with an idea that is based on solving a problem for the consumer. To solve this.
Freedom Footwear Free to Run April 27 th,2015 Brianne Hughes, Yuhua Cao, Nick Visco, Phuong Nguyen.
MARKETING PLAN.
BRIEF and SPECIFICATION for IMPROVING the PRODUCT
Tired of the same styles? Are they too pricey? Ever wanted to make your own shirt?
Marketing and Tourism CGG3o1 Lester B Pearson. What is marketing? Marketing is about anticipating and identifying the wants and needs of a target market.
Umbrella Man and the Ultimate Umbrella Conor Buckley, Rachel Keller, Elana Lilienfeld, Wangqian Shao.
Chapter 1.2 & 1.3 Review. Economic Utility Assembling parts to build an engine is adding value through (Not directly related to marketing) Form utility.
Functions of Marketing
Mission Statement: Litswitchkins will provide our customers with unique, cute, and customizable light switch panels. We will try to make the customer.
CHAPTER 8 Creating the Product
A Marketing Review Marketing Co-op. Marketing O The process of planning pricing, promoting, selling, and distributing products to satisfy customers’ needs.
Marketing plan for tangled. A suit of tableware Depending on the Tangled movie, I think we can produce a suit of tableware that with the pictures from.
Marketing In Today’s World Freshman Seminar - Introduction to Business Dr. Hays Freshman Seminar - Introduction to Business Dr. Hays.
Makayla Kordas Problem  Can’t get some jobs with tattoos  Tattoo concealer rubs off easily  Long sleeves and pants are hot.
Custom Jerseys Dejen accompanied by Robert. Custom Jerseys Custom Jerseys are jerseys that are customizable Interchangeable.
THE MARKETING MIX. What is the Marketing Mix? The operational part of a marketing plan Set of controllable marketing tools Used to produced desired response.
Marketing 301. Kisses For Health by: The Kiss  HERSHEY’S History  Company Description  Strategic Planning & Focus  Goals  SWOT Analysis  Competitors.
Dumplings Done Right Anneliese Freitag, Ryan Boyle, Josh Gregov, Wenhan Introduction to Engineering Design 100 Section: 16 Team: #3.
FUNCTIONUSERMANUFACTURINGMARKETINGENVIRONMENTALMATERIALS MUST Aid the stability of the kayak both when moving and when stationary. Prevent roll from movement.
To Be Completed: Monday November 9  Concrete Product Idea  Name of Product Created  Target Market Decided  3 Trial Versions of your Logo  Package.
Working parents have difficulty balancing work, childcare, and maintaining an efficient household We organize FOR you more efficiently Demonstrate how.
EVENT DISTRIBUTION Sports Entertainment and Recreation Marketing.
Fax: Fax:  Utility carts are known to be the best carriers to transport personal goods and luggage.  It can be used everywhere.
Marketing CTE Introduction.
Marketing Foundations What is Marketing? What is the goal of Marketing?
Unit 2 Product Planning Chapters 34. What is Product Planning? Product planning Making decisions about the production and sale of a business product Packaging,
Strategy Implementation and Control
Marketing Mix Place.
SleepWell What is insomnia? How many people can’t sleep well at night?
The Official Breakfast of IHOP
What is Marketing?.
JassyEvents An event to remember!
Marketing! What’s it all about?.
VESL 1 Oral Communication--Final Team Project
Exploring Marketing Activities
Marketing CTE Introduction.
THE ECONOMIC BENEFITS OF MARKETING
Lacey Hernandez 14 years old 9th grade, Washington HS.
Unit 1 The World of Marketing
3.06 Develop A Foundational Knowledge Of Pricing To Understand Its Role In Marketing.
IKEA Home furnishings.
Exploring Business & Marketing
Fundamentals of Marketing
Marketing Definitions
What is Product DESIGN?.
Marketing! What’s it all about?.
Presentation transcript:

Team CADAK Andrea Fletes Amika Hebert Christy Nguyen Kelly Yee Derek Yip HAMPER ound

Abstract The “HAMPERound” Sphere shaped laundry hamper Transports and stores easily Unique item Inexpensive to manufacture Profitable Intended to be used by children

Claims Andrea Fletes Transportation and storage of dirty clothes Collapsable, spherical Can be pushed, pulled, or kicked to transport Easy to load and unload with zipper top No assambing required

Materials & Function Andrea Fletes Laundry hamper made with sturdy, washable canvas material Material comes in various colors and themes fit for children Durable plastic zipper opens the top of the hamper Strap attached near opening for convenient pulling Collapsible, comprised of a flexible wire to maintain its shape Convenient and fun for kids to transport laundry or store other items

Related Patents Andrea Fletes 6,691,879 - Laundry Cart System 6,637,938 - Laundry apparatus 6,481,591 - Laundry roll hamper 6,227,398 - Collapsible hamper 5,735,608 - Totable hamper

The HAMPERound is a safe and durable contraption that allows for fun when doing children’s laundry. Kids 6 years of age and older can enjoy rolling and folding the ball all around the house. The best thing is that it keeps their room neat and the the kids occupied. Invention Summary Kelly Yee

Diagrams Kelly Yee

Product Analysis Product Attributes- –Spherical hamper that expands upon opening –Easy and fun for children to use. –Different colors and themes for children. –Collapsible for easy storage Product Packaging- –Product will be packaged and shipped to customers in a flattened box Product Positioning- –The product will be perceived as an easy to use, sturdy, and mobile laundry hamper that will be enjoyed by children Product Line –In the future, the line will expand into different sizes and colors to fit the needs of the whole family Christy Nguyen

Pricing Manufacturing costs- ( for one ball) white canvas : $2.00 per yard x 2.163yds »= $4.32 each zipper (38”) : $0.50 each Velcro (16”) : $5.00 for 25 yards »= about pieces »16” = $0.09 Aluminum wire: $1.50 each –Total Variable Costs = $6.41each Fixed Costs Advertising Costs = $300,000 per year Administration Costs = $150,000 per year –Total Fixed Costs = $450,000 per year Christy Nguyen

Fixed Cost = $450,000 Variable cost = $6.41 per unit Unit Contribution = $12.54 per unit Price = $18.95 per unit BE Units = 35,885 BE Dollars = $680,024 Christy Nguyen Break Even Analysis

Expected unit sales = 50,000 units Total variable cost = $6.41 x 50,000 units = $320, Total costs = $320, $450, = $770, Net Sales = $18.95 x 50,000 units = $947, Profit = $947, $770, = $177, Christy Nguyen Expected Profit

Marketing Strategy Target Market Distribution –Website (customers are able to order product online) Promotion –Advertising Commercials on children’s shows and home decorating shows (Home and Garden TV, Disney Channel, Nickelodeon, etc) Magazines that mother’s will read for ideas for their homes (Better Homes, Home and Garden, etc.) –Website Benefits to consumers –Customer is able to see all the different sizes, colors and themes at one convenient place –Customer does not have to leave the house, the product comes to them Disadvantages of website –Shipping and handling costs –Customer is not able to see the actual size of the product –Advertising Slogan “Easy as can be. Go on, roll your Hamperound around.” Derek Yip

Marketing Strategy Target Market Target Market –Children ages 6+ –Mothers with young children Geographic –United States Target Population –6 to 10 years old 20,549,505 (American factfinder) –Mothers appox years old 21,757,017 (American factfinder) Derek Yip

The End