The Liquidmaid Helen, Tate, Brendan

Details How does it work? The LiquidM aid™ is a cup design, with a handle you can push. When you press the button on the handle, a wire slips a cover away from a hole in the bottom, allowing the liquids to pass through. Our Problem We're solving two main problem s. The first is when you spill your drink over the side of a glass because it's unevenly poured. The second is for when you are making a recipe in the kitchen and the direction s say to 'add a dash' of somethi ng. Sometim es you add too much, but the LiquidM aid can stop that!

Details How does it chang e my life? This product will change your life for the better. Withou t it, you can spill or waste liquids. It will change your life by saving time and money that would go to waste otherwi se.or the better. Withou t it, you can spil l or waste liquids. It will change your life by saving time and money that would go to waste otherwis e. Is it original? We searched these search terms and our invention didn't come up: 'cup that dispensers liquid' 'cup for not spilling in recipes' 'cup with hole in bottom'

Being an Entrepreneur What is a entrepreneur? An entrepreneur is person who starts with small businesses and use their resources to build their business. They work to get the best of what they have. What are key skills needed by an entrepre neur? Why? They need to ask question s because it gets informati on they need and shows they are involved with what they're doing. Prepared to represe nt their work so they looked presenta ble and are ready to give the informati on they have. Persuasi ve so they can persuad e their product or opinion in a factual way. Organize d so they have all they need and don't waste time or money. Charisma tic because if they have charism a they can charm their way with the sharks. Prepared to listen because you need to listen to learn and not just do all the talking. Realistic so they are prepare d to give real facts and face the real world. A leader so you are ready to lead and prepare d along with being a leader.

Pricing Would you buy it? Yes- |||||||||| No- || How much would you pay?

Costing The LiquidMaid is selling for $18. MaterialAmountCost Plastic180 sq in$0.09 per inch Wire6 in$0.05 per inch -->Total cost to make one= $16.50 The profit for one product is $1.50. The overall profit is $385,598,200. (including the deductions from marketing, etc.)

Audience If everyone in these age groups bought one, that'd be about 257,920,000 people.

Marketing -Social Media- free We plan to make social media to advertise, such as Twitter or Facebook pages. We decided this was a good step because it's free, but gets the word out thanks to the growing number of Internet users these days. We plan to connect with people that would like to buy or sell the LiquidMaid. This will definitely help people get to know our product by the things we could do with social media and the sheer number of people that could connect with us. -Flyers or Posters- $50+$50 We plan to make a flyer or poster for the LiquidMaid. We think this is a good step because there are no boundaries of how we could make one and we could get our advertising into the public. We would design flyers with important details like the price and where you could buy it. This would help the publicity because we could place the flyers anywhere and people would notice them in their daily life. - Doorknob Handle Flyers- $50+$50 We would put a flyer on a doorknob in a public place. This is a smart idea because we could place them anywhere with anything we would want to say. We plan to design flyers specially to place in public environments. This will definitely get the word out because a lot of people would see them on doorknobs they use daily. -30 Second TV Commercial- $200- $1,500 We would plan to make a 30 second TV commercial. We decided this was a good idea because we would have 30 seconds to make an engaging, well advertised commercial. We plan to make the commercial by having help to film and edit, along with actors. The price varies. This would raise the publicity because many people would see it or be forced to see it, and we have a whole 30 seconds of attention to get consumer interested. -Other Ad Spaces (web ads)- $100,000-$400,000 We would plan to buy ad space on popular websites. We decided this was a good idea because this is the generation of the Internet, and many popular sites are allowing ad space to be used. We would plan to use our profit to buy ad space and therefore increase our audience and income. People could be visiting a kitchenware website and see our product advertised in a ad, so we could directly advertise to our intended audience. -Putting our QR Code in public places- $50+$50 We would plan to make a QR code for a link where you could buy and research the LiquidMaid. We think this is a good idea because people can easily access our page and it is easy to make and use. We would print a QR code specially tailored for the LiquidMaid and design a eye-catching poster to place in popular places. It would help because we could design a special flyer, but also add the QR code for people with smartphones.

Resources AUDIENCE MARKETING Paper/cat_CL140691?fids= html