VAlue PROPOSITION: Our PRODUCT will be sold to the cities government this way they will be able to EVALUATE the product and make sure it will BENEFIT their community.
competitive advantage:Our product will be the newest technology and will self-update which if it were to breakdown it will just self-restart, this way we will be saving money by not having to pay someone to go and fix it. Our goal will be to keep communities safe free from accidents and bring the best technology.
Marketing strategy:our idea is to collaborate with the “best” voted brand of technology to bring out the best in both of us; and to help make every ones of us lives easier.
Distribution patterns:The distribution pattern is that we usually sell our product to bigger cities
Positioning statement:This product is strictly for the government to but yet it will benefit the whole community; costumers will be getting the highest of quality.
Pricing strategy:We will be attracting buyers by offering lower prices on goods and services. While many new companies use this technique to draw attention away from their competition, penetration pricing does tend to result in an initial loss of income for the business.
Sales strategy:As a group we will be working on our sale strategy only with homogeneous group of companies, which can be able to perfect our pitch for this product much quicker than if we were mixing in businesses of all shapes and sizes.
Revenue streams: We will be making $500,000-$850,000 for each and too install our product.
Sales forecast:The first few months we will make $5,000,000. Then we will slowly get more states to start buying our new traffic light system and start to make triple the profits.
Milestones:Our first milestone will be to get a huge property headquarters for our company, to make a huge simulator for people to try out our product. Another milestone will be to people to lke our product, if they like it then the people of each state can vote to have our product in their state. Our next milestone will be getting workers to put these new traffic lights up and running.
Assumptions:We are assuming that people will a little iffy about our product but we also assume that when they see and use our product they will instantly want to use our product in their sates.
Break-even analysis:The product costs us $500,000 total to make each traffic light corner and we charge $1,500,000 to install it (depending on how big each city is in the states). To make a good multy million dollar company we would need to sell to states with the most traffic and cities.
Projected profit and loss:For every one of our traffic lights, we would be making at least $750,000 profit, ON including the losses of labor when something needs to be fixed
Projected cash flow:If a customer gives us $500,000 all profit would go to the traffic lights and we'll have to charge an installment fee of $1,500,000. $500,000 to make the traffic lights and we'll use $250,000 to pay for labor.
Projected balance sheet:our products money flow will balance from losing money to making money will differ each time something goes wrong with our product. our goal and plan is to make everything with the most advanced technology in this planet so there's no issues with our product and so there's only profits. it will cost us so much money to get these technologies but with all the money that we're making, fixing issues won't be a money issue.
Business ratios:our business ratio will come from how many systems we sell and install.