WorldWind Tech Breeze Breeze
Some of the products would be smart TV’s, tablets, laptops, android phones, car electronics, and GPS, electronics health and fitness, video games, toys, appliances, services, wearable electronics devices, Smart home and office upgrades, and much more.
Also, services for pc and laptop repairment and upgrades, checking order status, repair and tech services, returns and exchanges, product support, membership cards, and even trade-in programs along with possible transcriptions.
Monthly Revenue
$
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Monthly Profit
$
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Funding Required
$
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Market Size
400000
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Problem Statement
The technology industry is booming and is very competitive in this day and era, and so one problem could be, “What makes your technology business different than the others? How does it compete against the main technology competitive businesses that have been active for years or decades?
What is the core value of my technology business? Is it the same as the other technology stores or does it open up new opportunities in the main market? Another few questions are, who are the main targets? Is there a specific preference or do all ages matter? This is important as it relates to how you will concentrate your resources. My company ultimately ends up competing against retailers because of hardware repair and selling.
What technology are citizens(consumers) buying and for what reason? This answer helps to guide me towards a path that I believe will help the daily lives of the people of the community.
Solution Statement
Providing lower costs depending on the specific details of the service or product will help immensely, especially when you are competing with other big Brand Companies like Amazon, Best Buy, Ebay, and etc. Making sure I ensure the quality to the products or services is greatly appreciated by the consumers. This allows for the company to grow and evolve. Competition comes down to what one business can do in which the other business or businesses cannot do. I aim to grow an advantage that will attract the consumers towards my products and services. This may come in the form of reduced prices, special deals, or something else entirely.
Customer Profile
Evaluation of Business with
SWOT ANALYSIS
Strengths
- High-quality products or services
- Efficient production and distribution processes
- Effective marketing and advertising strategies
- Advanced technology and equipment
Weakness
- Weak brand recognition or image
- Lack of expertise in certain areas
- Limited resources or funding
- Low employee morale or turnover
Opportunity
- Growing customer base or demographic shifts
- Growing demand for certain products or services
- Strategic partnerships or alliances
- International trade agreements or opportunities
Threats
- Technological disruption
- Rapidly changing market trends or consumer preferences
- Intense competition
- Cybersecurity threats or data breaches
Competitor Analysis
Amazon
http://www.Amazon.com
Competitive Advantage
- Prices are Fair
- Quality is Good
- Customer Services is Poor
- Location is Poor
BestBuy
http://www.BestBuy.com
Competitive Advantage
- Prices are Fair
- Quality is Excellent
- Customer Services are Excellent
- Location is Fair
Learn All About Our Key Members
Meet The Partners
James Jackson
Production Management Leader
Ellia Chuma
Marketing Management Leader
Sandra Mutayabarwa
Human Resource Leader
Marketing Strategies
Our Marketing Channels Include Social Media Ads, YouTube Ads, Tv Commercial, Events
My marketing plan revolves around creating strategic communications, marketing solutions, and social media for the technology industry specifically which is directed specifically towards my desired business. Brand communication is crucial and an identifiable, successful brand is something customers will remember long after an ad impression from a TV, for example. There is also content marketing which focuses on the customers and where they are. Also, there is the opportunity for my technology organization to provide relevant and useful content that educates, solves problems, and clarifies the next steps for the customer to give his/her answer. There is also digital marketing, internal communications, public relations, video marketing, and of course website development to attract potential consumers.
Business Launch Strategy
Knowing about your product and services is not enough. Researching my specific target market is crucial in wanting to gain a competitive advantage in the market. Developing an understanding of your target market may require considerable time examining demographics, so that you can narrow down your list of potential customers. Segment your market into groups such as those differentiated by race, gender, income, buying patterns, product type, and customer needs. You should also research your competitors to determine how your technology will better fulfill the needs of your market than theirs presently does. Spending as much time with your product as possible is also important. Evaluating similar technologies in my field to determine whether I will be launching a product that infringes upon the intellectual property rights of any other company will be crucial during regulatory and legal issues. This can take considerable research on my part as well. It takes time to build and it won’t happen overnight. Coordinating my products launches with the development of the technology is also huge because it ensures that my products is ready to launch at the time it will be announced to the public in its finished form. I must demonstrate reliability and trustworthiness.
Financial Projections
Monthly Projections
Product Revenue
Monthly Revenue
No Data Found
Monthly Expense
Monthly Expense Breakdown
No Data Found
Monthly Revenue
$
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Monthly Profit
$
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Monthly Expense
$
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Funding Required
$
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Key Milestones
Acquire first customers/users
2024-07-18
Secure a significant round of funding
2026-02-12
Establish partnerships with key players in the industry
2029-10-22
Develop and launch new features or products
2030-06-13