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Published byAmber Norman Modified over 9 years ago
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Bogert Toys Build and Play with CREATIVITY! Business Plan
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Mission Statement “To supply creative and fun models and toys to all ages.”
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MPs Products Finances Advertising Payments Customer Service Target Market Growth Goals Potential Problems
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Products Build-a-Toys Wooden that are simple to put together Build-a-Trains Build-a-Cars Build-a-Planes Build-a-Boats
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Products {cont.} Made of Wood Comes in Plastic Bag Simple instructions Pieces slide together tightly No glue required
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Finances Start up Money Needed: About $300.00 Advertising: $75/month Website: $3.50/month Price of creation per model: $1 - 4 Creation of 2 of each model: $66.00
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Finances {cont.} Retail Price: $34.99 – 44.99
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Advertising Google + YouTube Ads $0.05 per click Website Banners Kids Model clubs Etc… $12 per 1,000 square pixels banner Why: Where targeted customers are
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Shipping Canada Post To Canada: $7.70 To USA: $10.95 Customer pays when paying for product
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Customer Payments Google Checkout 1.5% + $0.24 per purchase Website Shopping Cart Credit Card 2-5% of purchase
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Customer Service Through e-mail (24 hour response time) Clear FAQs
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Summary of Day to Day Costs $75 per month advertising $3.50 per month website hosting $66 for materials to make a few products
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Target Market Kids As toys that are fun to build and play with Adults Collector that can paint and decorate the products
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Growth Move to a workshop In Richmond $35,700 per year Hire employees $20 - $50 per hour Sell to toy and hobby stores
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Growth {cont.} TV Advertising $350,000 Bus Stop advertising $150 - $4,500 per ad per 4 weeks
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Goals Sell 100+ in a year Make an overall profit of $1,000 Get big enough to sell to Stores
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Competition Other Model Companies Mega Hobbies Hobbielink Wonderland Models Why we are better: Our models are more simple to put together. Models without finish People can paint them themselves
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Potential Problems & Solutions Not enough advertising More advertising when we get started. Competition has been selling for longer Offer special prices to get more customers Demand becomes too large Get a warehouse workshop + employees
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Conclusion Wooden models Simple and easy to build Can customize paint More attractive to adults
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Questions?
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