For this week's project you will be pitching a new product to hungry investors. Most importantly, your product may be imaginary. You MUST be creative if you want to win!
Steps
1. Find a partner or partners. Work in groups of 2 or 3. If you don't have a partner come talk to me!!!
2. Think of a product (good, service, non-profit group) that you could market to the members of the class.
3. For your presentation:
- Dress the part if possible. Look professional!
- Your presenation should address the following questions
- What is your company called?
- What is your product called?
- What is your slogan?
- Your names.
- A plan of the product/service. What does it do?
- Business philosophy/purpose?
- Example: McDonalds - "To provide the fast food customer food prepared in the same high-quality manner world-wide that is tasty, reasonably-priced & delivered consistently in a low-key décor and friendly atmosphere."
- How much does it cost to manufacture this product?
- How much would you sell your prodcut for? Would people pay this price?
- Who are your target consumers?
- Age?
- Gender?
- Income level?
- Region? Country?
- Who is your competition? Why are you better than them?
- Why should we invest in your company?
Good luck! Come to me with any questions.
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