3. Background
There are lots of incident where luggage is
misplaced, exchanged or lost during travelling. (esp.
airport)
Nepal is a country with large number of people
working abroad ( 1500-2000 approx.)
These people are mainly from low class or middle
class.
There is also high number of Nepali student studying
in foreign country.
4. Background
Luggage contains their
hard work for many
years and it is valuable
for them.
Loss or misplacement of
their luggage can occur
5. New Business Idea
Our idea is inspired by the quote “Prevention Is
Better Than Cure”
6. Our product is to address this issue.
With the GPS Tracking system that can be
monitored by simple smartphone, it will help them
to find their lost luggage.
It also consists in build beeping system
Simple and efficient way to track bag
Cost is not a problem
For e.g. 142 passenger bags were lost in airport
7. Technical aspect
Technically its not too
difficult.
We have to fit GPS
tracking device inside the
bag.
GPS tracking can be
purshased from ebay
whose cost starts from
11.95$.
It ranges from 1000-
2000 Nrs
8. Why Innovative Idea?
It holds the emotional
aspect of the
consumer as
It helps user to travel
without any stress
It provides greater
security
It targets the middle
and low level income
group
9. Potential market
It is tough to find the luggage in the crowd and
searching for it takes a long time.
Since no of people working and studying
abroad is rapidly increasing its market will rise
as soon as it gets attention.
People traveling for business purpose will also
be attracted.
Carrying special documents will be safer from
now.
10. Target Group
To those who are going to golf countries with
working visa.(1500)approx.
All the travelers inside or outside the country.
All the students, parents, Teachers who are carrying
special document or a valuable item.
For e.g. carrying a jeweler or a academics documents
in a bus, question paper for the universities e.t.c
11. Competitors
There is no direct competition from Nepali
company for the gps tracking.
Main competitors are foreign laugage companies
such as Samsonite, American tourister and
Apple is trying to enter the market.
Smart luggage companies
Key companies
12. Strength Weakness
Innovate and
addresses growing
issue among travelers
Secure the documents
and other valuable
items
Provide safety of the
luggage.
It is little expensive
than other luggage Keys
It may face resistance
at first.
Difficult to use by
layman at first
Technical errors might
occur sometimes
SWOT Analysis
13. Oppurtunity Threat
growing market and
lack of competitors
Growing needs of of
consumers.
It’s a necessity for now
rather than wish list
product.
Safety of goods
Threat can be from
those foreign company
which are well
established with good
brand name
Key companies and
other substitutes.
.
SWOT Analysis