Table of Contents BRAND LOGO...............................................................................................................................3 TARGET MARKET........................................................................................................................3 BUDGET.........................................................................................................................................3 Reason for selecting this target market........................................................................................3 Reason for design.........................................................................................................................3 Pricing strategy............................................................................................................................4 Performance of team....................................................................................................................4 Competition..................................................................................................................................4 Uniqueness...................................................................................................................................4
BRAND LOGO TARGET MARKET The target market for the sweatshirt above is boys and girls above 15 years of age to 30 years. The sweatshirt will be unisex and therefore both males and females can wear it. BUDGET Particulars (for 6 sweatshirts)Amount (for 6 sweatshirts) Variable costs£180 Mono print on sweatshirt (£14*6)£84 Colour Print on sweat shirt (£16*6)£96 Fixed Costs£20 Total£200 Reason for selecting this target market This segment seeks comfort with style and this is exactly what will be delivered by our sweatshirts which are trendy and comfortable.
Reason for design The designs that we have selected is based on the name of our company “Mi Amigos” meaning “my friends” and it is placed in a cool manner where the symbol indicates that the wearer is focused and the cross sign is the mark of the best. Pricing strategy The per unit price of each sweatshirt will be£35 which is reasonable based on the quality and fact that it is unisex is an additional factor. Value based pricing strategy has been adopted for the sale of sweatshirts. Performance of team We were able to perform exceptionally well because the design of the logo was liked by the targetted segment and the strategies adopted for marketing helped in targeting these market segments. The designing of logo was given to two creative members and the manufacturing was given to those who were familiar with the local resources and production houses. Competition The competition was high because many established brands and online stores are selling their sweatshirts at£35 or in the similar range. It was tough to fight with these brands but this was possible because we were sure of the quality of our sweatshirts and the designing. Uniqueness We ensured that they were comfortable and trendy i.e. the designs were as trendy as it could get but comfort aspect was not compromised.
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