2. What is Watt Belt?
For smartphone users who are frustrated by the limited
battery life of today's devices, the "Watt" is a stylish belt
with an integrated ultra thin lithium polymer battery that
provides backup power for your devices in a convenient
fashion.
Our product isn't an inconvenient/unfashionable battery
brick that you have to remember to carry around. It's a
reliable source of power you'll never be without.
3. Marketing Strategy
Online
● Google AdWords, Bing and Yahoo!
● Facebook, Google+, Pinterest and other (Twitter).
● % off of next purchase / referral discounts.
Partnerships
● Leverage retail relationships to promote the product.
● Partner with other companies that produce
complementary products for cross selling opportunities.
Public Relations
● Identify key people who would promote the product
through their media channels.
4. Sales Strategy
Direct Sales
● From website (www.wattbelt.com)
Partnerships
● Boutique retailers
● Fashion, technology
● Examples: Hammacher Schlemmer
Wholesale
● Resell to larger vendors / retailers
5. Key Partnerships
Initial Partnerships
● Use Google Advertising and Facebook.
Ramp-up Partnership
● Select retailers located at large malls.
Suppliers
● Leverage off-shore suppliers for materials.
6. Distribution Strategy
Direct Sales & Distribution
● Initially - Individual shipping from production
facility (basement, garage, warehouse,etc.)
● Future - Expand network based on demand
7. Cost Analysis
Bill of Materials (BOM) to outline
Custom PCB (printed circuit board) for charging/boosting/safety - $2
Ultra-thin Li-Poly rechargeable battery - $2.22
Pre-stamped leather - $3
Battery sleeve - $0.50
Custom nickel/chrome plated belt buckle - $3
Charging cable - $0.25
Other wire - $0.10
TOTAL = $11.07/unit
Overhead (development, manufacturing, facility, distribution) - TBD
9. Risks
● Overcoming health fears
○ Ensure product won't overheat/cause burns
○ Convince customers it is safe to use
● Projection
○ Fad or here to stay
○ Being surpassed by quicker, more prevalent competitors
● Quality & Manufacturing
○ Tooling costs are high even for first prototype battery
○ Grow too fast & the quality may be affected
○ Too slow and customers may lose interest
10. Funding
Bootstrap to start
As a next step, private funding via:
Friends and family
Kickstarter or alternative
Angel Investor
Venture Capital
IPO