*My professors intructions are in plane text, my topic of choice is in bold followed by asterisk*
You are an entrepreneur and are in the business plan
stage for your business
Company Name Pink Palette*
Tell me about your product/service and the features that it will
have that appeals to a Target Market
Customizable
makeup palette: No more buying a makeup palette because it has that one amazing
and must have color; no longer will customers have to worry about a makeup palette
that contains several colors they will not use. We’re offering our customers
the freedom to select from several dozen pigments to create and personalize
eyeshadow and blush palettes. Each palette can contain anywhere from 3, 4 and 8 colors at a time* Palettle size :
GLAM 8 count-P-Palettle $16
5.875″L x 3.25″W x 0.375″D (inside)
6.68″L x 4.125″W x 0.68″D (outside)
Tripple 3 count -P $6.75
3.25″L x 1.33″W x 0.25″D (inside)
4.06″L x 2.18″W x 0.50″D (outside)
Out for the night 4count mini -P $2
1.5″L x 1.5″W x 0.25″D (inside)
2.25″L x 2.25″W x 0.50″D (outside)
Define the Target Market
Teens
and adults ages 13 to 24
What needs and wants does your product/service fill
No
more buying a makeup palette because it has that one amazing and must have color;
no longer will customers have to worry about a makeup palette that contains several
colors they will not use. We’re offering our customers the freedom to select from
several dozen pigments to create and personalize eyeshadow and blush palettes
Customers
will be able to select from an array of color/pigment options that match their makeup need, customizing eyeshadow
and blush palettes according to their wants. Whether that is everday, dressy or edgy.*
Describe your strategies and tactics to reach your Target Market
·
Social media
·
Youtuber
·
Influencers
·
partnerships*
Differentiate your product/service from what is already in the
market place
Unlike
market competitors, we offer self service and customization*
Develop a SWOT analysis for your product