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Published bySabrina Conley Modified over 9 years ago
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Business Name: Freshness Logo: A piece of mint leaf Yunqi Lin 11th Grader in Excel High School 17 yrs
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30 Second Pitch/Hook A clothing shop For teens & young adults Fashionable Color, moods & personalities Fine material Self expression
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The 30 Second Pitch/Hook Are your clothes fully express you? Don’t you want to have fashionable clothes to express who you are? Don’t you want to always have a fresh day? That’s why I plan to have this clothing shop. It helps you to express your feeling and personality and its fine material provide you a fresh day...
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Business Profile A clothing shop with my own brand. I choose it because I love clothes and I want to have a positive brand establishes freshness Retail, also manufacturer Provide customers fashionable clothes My business will be Limited Liability Company because I will need people to invest, start, and advertise my business since I don’t have the capital to do so.
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Product Description Different colors indicate different moods and characteristics. Logo is a piece of mind leaf, indicates freshness. Satisfy customer’s self expression and the fine material gives the customers a fresh day. Qualification - I know what people, especially teens need - I am sensitive to numbers - I love clothes and I know the trend
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Market Analysis The U.S. textile growth rate is 4.3% - Trade deficit reaches $88.9 billions - From surveys and observation, people tend to follow the new trend in Asia and Europe. - National target population:10.7mil. Regional (MA): 21,697 Total Population (by age and gender) National : 10.7 million Regional (MA): 21,697 Average Income (of target bracket) $200 billion Potential Market Size National : 1 millions Regional: 22,000
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Consumer File Location: School, shop in malls or downtown Population: 13yr – 21yr, female, students or young adults Personality: active, loves sports and creative, hang out a lot Behavior: They like to follow the trend, care more about style, only wear if they like, fond to specific brands like Abercrombie Income bases on job and family
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Competition CompetitorPriceQuality Greatest Strength Greatest Weakness Marshalls Medium Location Always a mess Macy’s Medium LocationStyle AE Medium - High GoodQualityLocation Competitive Advantage: - Fashionable - Quality (fine material) - Location
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Marketing Mix Price: Shirts $15-38, Sweat Shirts $28-68, Jackets $50-100 -affordable, worthy Place: Downtown and Malls -Teens shop there Product: -Fashionable, affordable, and comfortable Promotion: -Improve the living or studying condition of the young people through charities
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Marketing Plan PhaseMethodDescriptionCost Awareness Through mails, radios, and TV commercials Mail to homes. Radio in the morning and evening. $400 Purchase Buy clothes get attachments and little jewelries. Attachments and jewelries based on the price of purchase $200 Retention First, the products must be good, second, send coupons and Send home coupons, anytime, based on purchases $100
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