Properties of carbon nanotubes Krisztian Kordas [email protected]
Makayla Kordas Problem Can’t get some jobs with tattoos Tattoo concealer rubs off easily Long...
-
Upload
ezra-reeves -
Category
Documents
-
view
216 -
download
0
description
Transcript of Makayla Kordas Problem Can’t get some jobs with tattoos Tattoo concealer rubs off easily Long...
Invisible Ink
Makayla Kordas
ProblemCan’t get some jobs with tattoos
Tattoo concealer rubs off easily
Long sleeves and pants are hot
SolutionCovers tattoos seamlessly
Matches pigment
vs
Description of Product
A tattoo to cover your tattoo
Matches skin pigment
Temporary
Online
To provide and create job opportunities for people who have or want tattoos
Social ImpactRecycled and reusable packaging
Mission
Business ModelDescription of Expenses
Variable Material Expenses
Total: $0.87
Item $Invisible Ink tattoo
cover$0.35
Product bag $0.41Shipping envelope $0.10
Labeled ribbon $0.01
Fixed Expenses Total: $37.02Item $
Advertising $10.00 Depreciation $1.07Rent/utilities $22.00
Web site $3.95
Economics of One UnitSelling Price $15.00 Cost of var. materials exp. $0.87 Cost of labor $0.16 Other variable costs $0.49Total COGS $1.52Contribution Margin $13.48
Definition of One UnitOne 3 by 5 inch square of tattoo coverage
in any color
Monthly Break Even Units$37.02
= 2.74 ≈ 3 units$13.48
Market Analysis
Description of Target ConsumerDemographics Geographics
• Adults 16+• Have tattoos• Professional job
• USA
Psychographics Buying Patterns• People who like body art• People who need/want
to cover their tattoos temporarily
• Adults willing to order a new package of Invisible Ink patches every other week to cover their tattoos daily
Total Population
Target Market Population
300,000,000
Market Size(based on
survey)
Target Market Size
Market Statistics
Industry Name: Cosmetic and Beauty Products Annual Industry Sales: $50 Billion
60,000,000
600,000
Marketing and SalesRibbon Website
Word of mouth
Pairing with tattoo parlors
Social mediaInstagramTwitterFacebook
CompetitionInvisible ink
Wundercover
Kat Von D Tattoo Concealer
Application Fast Fast SlowConvenience
Easy to use Easy to use Hard to use
Durability Waterproof Removes with water
Can wipe off without water
Your Competitive Advantages
1. Easy2. Convenient3. Waterproof
QualificationsMember of my own target market
Mom started her own business
Good customer service
Marketing and Entrepreneurship class
Sales Projections
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec0
5
10
15
20
25
30
Units Sold
Units Sold
Total Units230
Gross Revenue$3,450
Net Profit$2,353
My market research survey stated that 82% of people with tattoos use clothing to cover them.
Start-up FundsItem Why Needed Cost
Computer/phone Business communications PreownedDBA Start business $5.00Website Business is online $4.00Manufacturing cost First run of product $250.00Patent Protect product idea $9,000.00Advertisement Get the product out there $10.00
Total Startup Expenditures $9,269.00
Emergency Fund $4,634.00Reserve for Fixed Expenses $111.00
Total Startup Investment $14,014.00
ROI: Return on Investment$2,353.53
= 17% ≈ $0.17$14,014
ROS: Return on Sales$2,353.53
= 10% ≈ $.10$230
Future plans Philanthropy Develop sleeves of bigger size to fit whole arm
Pairing with tattoo parlors
5 percent of net profit goes to cancer patients
Invisible Ink
Makayla Kordas
Adding tattoos to the business world
Thank you for your consideration of
http://invisibleinktattooconselar.weebly.comEmail us at: [email protected]