Royalty products 1 Page Business Plan
Overview
Royalty products has a clear business objective to distribute Hair products products. These products have been developed over 2days with a core focus on addressing the key customer problem and associated opportunities.
The Business Objectives
When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to acquire new customers. Customer acquisition is considered to be the critical activity and we are seeking to grow the number of customers. We understand that customer growth could be at the expense of profitability, and that there is a cost associated with customer acquisition. Our long term objective is to build a clear customer acquisition process.
The Customer
Royalty products has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as Too costly. This is a critical issue for our selected target market of Females.
The Value Proposition
Royalty products is uniquely positioned to deliver value to Females. "Royalty products will We're affordable and immediate shipping." In order to be deliver on this value proposition, we Premium products. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.
Competitors
We have a number of competitors within the Hair products market. We consider our key competitors to be: Diamond hair shop, Princess hair shop. Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Diamond hair shop, Princess hair shop by Affordable prices, fast shipping.
Key Strategies
Over the next 6 months our focus will be to YouTube, friend of a friend. This task will be undertaken in the context of our broader strategy to Sell other products such as nail polish and accessories . These strategies are a tactical implementation of our overall business goal as outlined above.
Milestones
Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: 100 customers by July 15 th, 2013 At least $10,000 by December 300 customer by may 15, 2014
About this document
Hair products Business Plan
This document was created by Teleah of Royalty products using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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