PITCH BUSINESS IDEAD (Fun Assignment for entrepreneur class)
Product: SMART Umbrella
The Smart Umbrella is a unique device that blends traditional rain protection with current technology to offer a versatile and useful accessory for consumers on the road. The Smart Umbrella offers a unique value proposition that distinguishes it from regular umbrellas, with features such as GPS, solar panels, LED lights, UV protection, and high-quality materials.
Value Proposition:The Smart Umbrella’s value proposition is based on its capacity to give users with a multi-functional and technologically advanced product that delivers rain and UV ray protection, as well as extra benefits such as GPS tracking and device charging capabilities. The Smart Umbrella provides a unique and meaningful experience for its customers by combining practicality and convenience with modern technology.Target Market:Those who are regularly on the go and want a dependable and durable product to shield them from rain and UV radiation are the Smart Umbrella’s target market. This group comprises outdoor lovers, commuters, business people, and tourists searching for a multi-functional device that may provide extra benefits beyond standard umbrellas.Business Model:The Smart Umbrella’s business plan includes producing and distributing the product directly to consumers via an online platform or through retail partnerships. The product will be priced higher to reflect the extra value and benefits it provides. To separate itself from traditional umbrellas and attract the attention of the target market, the company will also focus on developing a strong brand image and marketing plan.
Finally, the Smart Umbrella is a one-of-a-kind and original product that blends functionality and convenience with cutting-edge technology to produce a useful accessory for on-the-go customers. The Smart Umbrella has the ability to attract a wide spectrum of clients and establish itself as a leading brand in the umbrella business by delivering a multi-functional and technologically sophisticated product.
All the funds for this idea or coming from private investments that me and my group have collected and it’s a group of three people.
Using the attach files and the information provided, the requirements for this assignment are the following;
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