I think that my main goal in this is to get people to express their reactions to my product and show their support. With this product in particular I want to show that I can productively get this done in a productive and creative way while preserving the style and professionalism of the sock.
A lot of people depend on the socks to have a sleek design and not show but my struggle is that if I put something on the sock it will be very uncomfortable in the shoe and bother you all day. Although I did have the idea of having a tie around your ankle but then that compromises the look of the no show and I think that it wouldn’t look as sleek.
If I were to take this business plan into action, I think that a good place to try this is at markets selling at a table just to get it out there and let people know that there is something out there for them like this.
I don’t have a lot of business experience, but I do think that the assignments that we have done thus far have prepared me with an army of people that I could use to build my business and help to get the product out there.
One of the main things that I have to work on is actually forming the product and then figuring out how I will market the packaging to show that these are new and going to be a big thing.
If I am too bland with the packaging, then most people won’t even see that there is a difference in them and the socks around them in stores.
After I have formulated a plan for that I think that I will look into how to actually put this product into fruition into the stores.
Once I have a contract with a store to try it out and show that I have reputable sales then I can start to build my business into a more corporate style business.
Great post Brynn! I think you did a great job outlining your venture concept. I think you have a cool business concept and I think you have what it takes to see it through. I think it is a good idea to start out by selling you socks at markets. I think its also important to figure out to figure out how you will market and package the product.
ReplyDeleteHi Brynn,
ReplyDeleteI think you have a great plan here for your venture concept! I liked how you considered all possible drawbacks of your product and conducted enough research to make sure your idea will pan out in the market. It seems that you have done enough information in your blog to create a sustainable business, and now that we are approaching the end, all I can say is congratulations!