entrepreneur project
TRANSCRIPT
Alarm
Clock that is designed to wake a person at a specific time They are sometimes used for other reminders as well
CO-pillow
It’s time to move on and discard phone alarms and clocks! This is the new age people; we need cooler and hipper gear like this Alarm Pillow! It gently produce sound at the given hour, to wake you up with a soft sound and
gradually increase in volume If you don’t get out of the bed, your head-weight acts as the snooze trigger How awesome is that! The touch sensor-trigger is clever and fitting
CO-pillow Description Alarm clock
Comfortable, attractive appearance
Design / appearance Standard design,moderate appearance
Touch sensor screen Way to use Complicated to set alarm
ChargeableIndicator show
battery life
Lifetime of product Cannot determinebattery life
Easy to hear Effectiveness Easily misplaced
Easy to clean (cotton fabric)
Services Sent to shop (mechanical parts)
This simple, yet brilliant CO-pillow alarm clock is designed to gently wake you by
exposing your ear to a soft sound , gradually increasing in volume over a 30
minute period.
The CO-pillow uses a cutting-edge led fabric substrate below the pillow’s surface
Uses battery and solar power
Comes in many sizes
The CO-pillow follows the shape of our head for better sleeping position
Easy to clean and waterproof
Light weight and ease to use in travelling
MARKET SIZE REFERS TO THE NUMBER OF INDIVIDUALS IN A CERTAIN MARKET WHO
ARE POTENTIAL BUYERS OR SELLERS.
OUR PRODUCT DEPEND ON DEMAND.
ROUGHLY, WE TARGET TO PRODUCE ABOUT ONE MILLION PILLOW PER YEAR.
THE TABLE BELOW SHOWS THE TARGET MARKET OF OUR COMPANY.
OUTLET EXPECTED PURCAHSE PER YEAR (RM)
PERCENTAGE(%)
SUPERMARKET 1,360,850 41
RETAIL SHOP 900,550 27
HOSTEL 575,850 18
INDIVIDUALS 302,050 9
MINI MARKET 116, 800 5
TOTAL 3,256,100 100
• MARKET SIZE REFERS TO THE PERCENTAGE OF AN INDUSTRY OR MARKET’S TOTAL SALES
THAT IS EARNED BY A PARTICULAR COMPANY OVER A SPECIFIC TIME PERIOD.
• BASICALLY WE TARGETED STUDENTS, WORKERS, FAMILY AND OTHERS.
• THE PIE CHART BELOW SHOW THE MARKET SHARE.
39%
26%
17%
9%9%
Sales
Supermarket
Retail Shop
Hostel
Individual
Mini Market
OUR MARKET STRATEGIES IS SUPPLYING OUR BUSINESS PRODUCT THE CO-PILLOW
TO OTHER COMPANY AND THEY WILL DISTRIBUTE OUR PRODUCT AS AN AGENT.
IN THIS BUSINESS, OUR PRODUCT SELLING TO CUSTOMER IS HANDLE BY THE
OTHER COMPANY.
THERE ARE FOUR FACTORS TO BE CONSIDERED WHICH ARE AS FOLLOWS :-
A) PRODUCT
B) PRICE
C) PLACE (DISTRIBUTION)
D) PROMOTION
• FOR SOMEONE HAVING TROUBLE GETTING UP LATE BY USING REGULAR ALARM CLOCK, THIS PRODUCT DESIGN
CAN HELP PEOPLE TO WAKE UP BEFORE LATE TO GO TO WORK OR SCHOOL ESPECIALLY FOR THE HEAVY
SLEEPER.
• THIS PRODUCT IS BEST FOR EVERYONE WHO IS NEED TO WAKE THEM UP EARLY OR FOR A SHORT NAP AND
HELPFUL TO THOSE HEAVY SLEEPER TO GET UP FROM BED ESPECIALLY FOR STUDENTS AND WORKERS.
• OUR PRODUCT PROVIDES SAFETY TO OUR CUSTOMERS AND THE PRODUCT HAVE BEEN TESTED FOR ERROR OR
MALFUNCTION WHICH IS VERY IMPORTANT FOR GIVING A VIEW TO OUR QUALITY PRODUCT.
• IN THIS BUSINESS, OTHER COMPANY WHICH IS OUR DISTRIBUTOR WILL GUIDE US TO CONTROL THE STANDARD
OF THE PRODUCTS QUALITY.
• THE CO-PILLOW IS A COMBINATION OF AN ALARM CLOCK WITH A PILLOW THAT HAS SEVERAL FEATURES.
• THIS PRODUCT HAS THE ABILITY TO AUTOMATICALLY SET AN ALARM CLOCK DEPENDS ON THE USER DEMAND.
• IN FACT, THE PRODUCT CONSIST OF RECHARGEABLE BATTERY AND CAN BE CHARGE WITH SOLAR ENERGY.
• THE MATERIAL USE FOR THIS PRODUCT ARE WATERPROOF AND EASIER TO CLEAN.
• THE PRICE FOR THE CO-PILLOW WILL BE BASED ON OUR AGREEMENT WITH THE OTHER COMPANY
WHICH IS THE DISTRIBUTOR.
• WE PROVIDE A HIGH QUALITY PRODUCT WITH AFFORDABLE PRICE.
• WE ARE USING 'COMPETITION-BASED PRICING' CONCEPT AND MAKE A COMPARISON REGARDING
QUALITY OF THE PRODUCT AND THE CUSTOMER FEEDBACK ABOUT THE PRODUCT IN ORDER TO PUT
A PRICE FOR OUR PRODUCT.
• WE ALSO ARE USING 'VALUE-BASED’ PRICING. BASED ON THE BUYER’S PERCEPTION OF VALUE
(RATHER THAN ON YOUR COSTS). THE BUYER’S PERCEPTION DEPENDS ON ALL ASPECTS OF THE
PRODUCT, INCLUDING NON-PRICE FACTORS SUCH AS QUALITY, HEALTHFULNESS, AND PRESTIGE.
• WE ALSO PROVIDE SPECIAL DISCOUNT FOR STUDENTS AND OUR LOYAL CUSTOMERS.
• THE PROPER PRICE FOR OUR PRODUCT IS RM25 WHERE USUALLY THE PRICE FOR NORMAL PILLOW IS
RM30.
• THE CO-PILLOW WILL MOST LIKELY BE SOLD IN OUR SEVERAL RETAIL SHOPS
AROUND MALAYSIA.
• THERE ARE MULTIPLE STORES ACROSS THE MALAYSIA, IN WHICH THESE PRODUCTS
WILL BE SOLD.
• CUSTOMERS CAN ALSO ORDER THE PRODUCT ONLINE IN OUR COMPANY'S
WEBSITE.
• CUSTOMERS CAN ALSO ORDER THE PRODUCT THROUGH OUR OFFICIAL FACEBOOK,
TWITTER AND INSTAGRAM.
• TO ENSURE THAT OUR MISSIONS ARE ACHIEVED, AN IMPRESSIVE PROMOTION IS
NEEDED.
• TO MAKE EVERYONE KNOWN OUR POTENTIAL AND PRODUCT QUALITY FROM OUR
COMPANY, PROMOTION IS SHOULD BE TAKEN IN ORDER TO ACHIEVE OUR MISSION.
• PROMOTION BASED ON :-
- ADVERTISEMENT
- NEWSPAPER
- BROCHURE
- WEBSITE
Key patner Key activities ProductionDitribution
Key resourcesSolar resources Fabric resourcesElectronic resources
Customer relationshipIn personTelephoneEmailWeb
CustomerStudentsWorkersGlobal customer
Channels
Cost structureStaffMarketingLogistic
Revenue streamsSponsoringAdvertisingMerchandisingSales
Value propositionComfortEasy access
• COMPETITION WITH THE BASIC ALARM CLOCK
• HARD TO GET RESOURCESS
• NEW REGULATION RISES
• NEW MARKET
• PROVIDE JOB
• NEW TECHNOLOGIES BEING INTRODUCED
• WEAK MARKET RIVALS
• NEED PROPER HANDLING
• HIGH COST FOR MAINTENANCE
• STLL UNKNOWN TO PEOPPLE
• USEFULL FOR ALL AGE
• COMFORTABLE, SMOOTH AND SOFT TO SEE AND TOUCH
• SAFE FOR USE
• LIGHT WEIGHT
• COMES IN ALL SIZE
• GREEN ENERGY
STRENGTH
WEAKNESS
THREATS
OPPURTUNITIES
DESIGN THE PRODUCT
MANUFACTURE THE
PROTOTYPE
CERTIFY THE PRODUCT WITH
AUTHORITIES FOR VALIDITY AND
SAFETY FOR USAGE
UNDERGO CONSUMER
RATING
TROUBLESHOOTING THE PROBLEM
MASS PRODUCTION OF THE PRODUCT
DISTRIBUTION OF THE
PRODUCT
PROMOTE THE PRODUCT
SELLING TO CONSUMER
EARNING PROFITS
Budget of Materials and Equipments.
Loan Bank-100,000Fixed Cost.
No Item Quantity
Cost
1 Pillow(by month) 2,000 10,0002 Digital Alarm(by month) 2,000 15,0003 Vibrating Alarm(by month) 2,000 12,0004 Sewing Machine (by year) 20 5,0005 LED Display (by month) 2,000 8,0006 Other (by month) - 15,000
Total 65,000**
Utilities : RM 3,000(variable cost)
Rent a shop : RM 4,000(fixed cost)
Maintenance : RM 1,000(fixed cost)
Insurance : RM 5,000(fixed cost)
Total : RM 13,000**
Other cost/ workers : RM 12 000
Therefore the total costs are:
Budget of materials and equipment : RM 65,000
Other cost : RM 13,000
Total cost : RM 78,000
• ACCORDING TO BUSINESS PLAN THAT HAS BEEN DONE, WE SHOW THE FINANCIAL PERFORMANCE
OF THIS BUSINESS AND CAPABILITY OF THE BUSINESS FOR THE FUTURE.
• OUR COMPANY ALSO HAVE PLAN FOR STRATEGIES FOR STRENGHTEN OUR BUSINESS
• OUR COMPANY HAVE CONFIDENT THAT WE CAN PENETRATE THE MARKET SHARE AS THIS PRODUCT
VERY USEFUL FOR VARIOUS LEVEL OF PEOPLE.
• TO ACHIEVE OUR GOAL, WE WILL CONCERN FOR HIGH QUALITY OF WORK AND DO THE HIGH
DEGREE OF COMMITMENT BETWEEN OURSELVES AND CUSTOMERS.
• LASTLY, WE STRONG BELIEF THAT OUR COMPANY THAT WE CAN MAKE THE WORLD MADE OUR
PRODUCT AS THEIR BASIC NEEDS AND MAKE OUR COMPANY GROWTH CONTINUOUSLY.