Mission Statement: Litswitchkins will provide our customers with unique, cute, and customizable light switch panels. We will try to make the customer.

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Presentation transcript:

Mission Statement: Litswitchkins will provide our customers with unique, cute, and customizable light switch panels. We will try to make the customer experience as memorable as possible, while selling at low prices, providing great service, and delivering awesome quality. Litswitchkins will provide our customers with unique, cute, and customizable light switch panels. We will try to make the customer experience as memorable as possible, while selling at low prices, providing great service, and delivering awesome quality. Social Impact: Litswitchkins re-uses old materials and recycles paper waste as part of its business model Litswitchkins re-uses old materials and recycles paper waste as part of its business model

 Unique  Simple  Inexpensive  Fun  Expressive  Bold

Description of One Unit of Sale1 Wall Plate Selling Price Per Unit $15.00 COGS $6.50 Other Variable Expenses (Per Unit) $2.00 Total Variable Expenses (Per Unit) $8.50 Contribution Margin (Per Unit) $6.50 Fixed Monthly Expenses $ Contribution Margin Per Unit $6.50 Break Even Units Description of Expenses Variable ExpensesTotal: $8.50 Materials$4.00 Labor$2.50 Packaging & Shipping $2.00 Fixed ExpensesTotal: $120 Insurance$15.00 Salary$20.00 Advertising$45.00 Utilities$20.00 Rent$20.00

Total Population Target Market Population 1,836,536 Market size (based on survey) Target Market Size 947, ,560 Description of Target Consumer DemographicsGeographics Professional families Income of $50,000+ Columbus area PsychographicsBuying Patterns Artsy Creative Hard Working Spend time working on home $100 every two weeks $200 every month 20% of people surveyed would definitely buy the product Market Statistics Industry Name: Home Decorations Annual Industry Sales: $130,232,430,000

Litswitchkins Wall Plate Warehouse Switch Plate Superstore SwitchHits PriceInexpensiveMedium High VarietyUnique & Stylish Lacks VarietyLacks CreativityWide Variety CustomizationCUSTOMIZABLENOT CUSTOMIZABLE Litswitchkin’s Competitive Advantages 1. CUSTOMIZABLE – Allows customers to be creative; Focus on the customer experience 2. Best quality! Unique & Stylish 3. Inexpensive – Best value!

ItemsExplanationVendorCost Telephone In order to communicate with potential clients AT&T$100 ComputerOnline MarketingAT&T$300 Light switch panelTo be able to create designsHome Depot$50 Paint To paint the light switch panels Target$50 Painting toolsTo paint designsTarget$50 Total Expenditures$550 Emergency FundUnexpected expenditures½ of start-up$275 Reserve for fixed Expenses I don't expect to break even for the first three months 3 months of fixed expenses $360 Total Start-Up$1,185 Annual Net Profit$4, % Total Annual Sales$14,745ROS% Annual Net Profit$4, % Total Start-Up$1,185ROI%

Year 1Year 2Year 3 Projected profits: $4,207Projected profits: $8,414Expand product offerings