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The document describes a proposed smartwatch business. The smartwatch will be cheaper than competitors, unbreakable, water resistant to 200 meters, and charge fully in one hour with a two-week battery life. The watches will come in different sizes and colors. They will be sold online and in stores worldwide to appeal to everyone at an affordable price point compared to other watches. The proposed name of the business is not included. It will cost 500,000 euros to start up and the watches will be produced at 100 euros each but sold for 130 euros, yielding a 30 euro profit per unit.
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S watch
- 2. Product : smart watch What makes it unique: Cheaper than other watches Unbreakable Water resistant 200 metres Charged in 1 hour Battery lasts for 2 weeks
- 3. My watches will be for everyone with different sizes and colours of wristbands. You will be able to buy them all over the world. People will like them because they are cheaper and they don’t break easily. Where will I sell my product? There will be a store in some countries, so people can try them and there will be also a website online to order. The shipping will be free all over the world. How will I advertise the product? I would put signs in the city and post information on social media. I would also advertise on tv. What's the name of the business?
- 4. It will cost about 500.000 euros to star the business I will need leather and plastic straps in all colours and different sizes. They will cost about 5-10 euros each. I will get a bank loan to start the business and I will also have investors. I will make about 20 watches per day that will cost me 100 euros each.
- 5. Sale price of them: €130 Cost of item: €100 Profit: €30 I would buy more supplies and donate to charity