economics katrina,jule and jorge
TRANSCRIPT
• Personally Designed Phone Cases (PDPC) aims to make, plain and transparent phone cases into simply decorated phone cases according to how the consumer wishes it to be decorated.
• Plain and transparent phone cases are used to be decorated using a different amount of decorations like: jewels, beads, studs, stickers etc…
Main Idea:
• A new phone case normally lasts for about a year. Either because it’s out of fashion or maybe because it’s thorn or its colour has faded away. A normal phone case usually costs quite an amount of money, if it isn’t a fake replica.
• All persons who have a phone are consumers to this product.
• Costs for “personally designing” phone cases will be around € -according to the consumer’s wants.
Approach:
• Transparent Phone Cases by Etsy or Ebay are the easiest and most preferred to be designed.
• Others that are already coloured may be a little harder to design because of the consumer’s demands.
Best preferred phone cases:
• All people of different ages are to be targeted
• We will later choose to target other people from schools and offices
Target Audience:
• To show the different designs we can make we will present flyers to the consumers that are interested in buying a case.
• We will also try to be present at school fairs, bazaars and exhibitions.
How to approach customers:
• Phone Case and Costs: Phone case+Shipping+Jewels=€7-€16 according to the customers wants
• Labor/Wage: €8.50 per hour
• Phone case: 1 Phone case=5 Minutes so in an hour 12 phone cases will be produced
Cost Analysis:
Strenghts:
-No rent is to be paid
-Smart idea and ideal to all those
with a phone
Weaknesses:
-No experience in designing phone cases
-Not a good product for those with no
phone
Opportunities:
-Could become very popular easily
-Easy to make and cheap
Threats:
-People buying the product might do it
themselves
-Design demanded may not be accurate
SWOT-Analysis
• Cheap phone cases that are very attractive
• Ships worldwide for a low price or for free
Competitor 1: Aliexpress