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Highlighter Advance Team A.C.I.D. Arron Halopoff Chris Rockwell Ivonet Gomez Duc Nguyen
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Aaron The Electronic Highlighter Our device is the electronic highlighter. Able to scan save and transfer selected segments of information from books, documents, and other types of written material. The Electronic highlighter which is portable, compact easily taken anywhere can take the store up to 128 mb of information and can easily transfer it to any computer system for easy access and organization.
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Aaron The Claim The electronic highlighter is similar to that as the technology of a copy machine or computer based scanner but vastly more compacted and easy to use. The Highlighter uses ultraviolet light to scan any ink/lead based text and stores it in a text file document on it's imbedded USV stick. After turned on the highlighter is used similar to that of a colored marker press and hold the scan button while you graze the tip of the Electronic highlighter across the surface of the desired information you wish to scan, one line at a time. The print is then scanned and saved within the electronic highlighter itself and the information is saved in the order it was scanned even if you jump from line to line on a single page. After scanning is completed you can hook up the end of the electronic highlighter to any computers USB port and download the scanned material to any computer in the form of a file ready text document for easy storage. This compact scanner aids in creating organized and less time consuming work of taking notes and saving bits of important information, with out the bulk of jotting down notes. All the convenient of a scanner, copier, and notebook in the palm of your hand.
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Duc Design Light weight Durable Comfort Affordable User Friendly
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Duc
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Materials ABS Plastic – for durability and lightweight LCD Display – digitally shows information (memory, battery life, signal, title) USB port – file transfer between PC and Pen Ultraviolet Laser – use for capturing data (font sizes between 8-14) SD memory Card – built in 128MB memory
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Duc Similar Products Patents (17) 3918028 3947817 4158194 4797544 4817185 4947261 5012349 5023922 5083218 5142161 5175422 5301243 5430558 5506394 5574804 5595445 5638466
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Chris Start up Costs Start up- $1,170,000 Wholesale Price- $45.00 Mark-up- 100% Retail Price- $90.00
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Chris First Year Numbers Sales - 10,000 units @ $90 per unit Profit - $900,000 Expenses: Marketing Cost - $200,000 Advertising Cost - $500,000 Manufacturing Cost - $450,000 ($45 per unit for 10,000 units) Inventory Expense - $20,000 Total Expenses - $1,170,000 Total Revenue After One Year: - $270,000
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Ivonet Summary of Invention Name of invention: Highlighter Advance The electronic highlighter scans the information at the touch of a button, saves it in its memory of 128 MB, and is accessible by plug-n-play via the computer. It’s a convenient and reliable device. Anticipated Cost is $45 per unit Projected Profits $90 per unit
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Ivonet Marketing Strategy Target Market Target Country: United States Target Population: Ages from 18-60 years old. Account for 64% or 175,816,542 (approx) of the Population. Specific Target market: Students, Office workers, Professors, Lawyers, etc.
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Ivonet Marketing Strategy (Cont.) Product Product Feature: The Electronic Highlighter contains a built in standard USB and memory of 128MB. Packaging: The product will come in a box with instructions included. Positioning: The product will be positioned as an innovated, practical and reliable product. Product Line: In the future we will introduce new products as Highlighter Advance with greater memory capacity, in different colors and shapes.
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Ivonet Marketing Strategy (Cont.) Pricing Price: Economical, Affordable, below competition, high quality Place/ Distribution: Distributed major office supply stores: Office Depot, Staples, Best Buy, and our website.
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Ivonet Marketing Strategy (Cont.) Promotion Internet (website) TV (commercials) Magazines, Newspaper Marketing Message: “Tired of writing and typing, take it easy, live life with our Electronic Highlighter, Highlighter Advance you will save time and you will be fine!”
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Highlighter Advance Team A.C.I.D. Aaron Halopoff Chris Rockwell Ivonet Gomez Duc Nguyen
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