Novelty Sweet Gift Bags By The Mini Money Makers (Louis, James, Catherine and Jack)

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Presentation transcript:

Novelty Sweet Gift Bags By The Mini Money Makers (Louis, James, Catherine and Jack)

How We Came Up With Our Business Idea We looked up the best value prices to buy our product and decided on our selling price (£1.75) We took tips from Michael Nugent and that helped us to understand what to do and how it was to be done. We knew that there were a lot of kids in this school so we took advantage of this and decided to sell sweets because kids love sweets and we thought we would make a lot of profit.

Marketing Customers We are aiming to sell our product to the kids of our school and we want to make as much profit as possible and that’s why we are selling our product to the children of our school because there are plenty of them.

Finances We plan to spend £ on buying our necessary items for our product. We hope to sell 96 gift bags so we will make a profit on each gift bag sold because we will sell our product for £1.75 each. They will cost us £1.26 to make and we will make 49p profit on each gift bag sold. 96x £1.75= £168-£ start up costs= TOTAL PROFIT £43.64

Pricing You may know that if you go into a big commercial shop like Tesco they charge you a lot of money for a small simple product. We sell our product for a value for money price and a lot of people will certainly pay £1.75 for a good quality gift bag and with nice sweets and goodies!

What We Plan To Buy 1.Spooky Eyeball foam stickers 1 pack of 100 for £ Large self adhesive acrylic jewels 1 pack of 120 for £ Giotto fabric pens 1 pack of 12 for £ Chocolate eggs 1 pack of 192 for £ Mini chocolate Easter bunnies 1 tub of 140 for £ Mini fabric drawstring bags 24 per pack and we need 4 packs for £ Asda mini mars bar 10 packs 13 per pack £ Delivery cost = £2.99 Total = £124.36

Thanks For Watching We hope you invest in our product!