VIVATIQ Business Plan: Herbal Lip Gloss and Market Analysis

This report analyzes VIVATIQ's business plan for its herbal lip gloss product, focusing on the entrepreneurial opportunity within the UK market. It examines the product's unique selling points, which include its natural composition and appeal to a wide demographic. The report explores the market strategy, including competitive advantages achieved through unique packaging and affordable pricing. It also discusses the importance of understanding consumer demand and needs to achieve market success, highlighting VIVATIQ's approach to targeting its potential customers and offering discounts. Furthermore, the report emphasizes the significance of a low-price strategy and concludes by summarizing the overall benefits and potential for profitability and market attractiveness of VIVATIQ's herbal lip gloss business.

Entrepreneurial
Opportunity

Entrepreneurial opportunities can be identified as the particular situation wherein, goods
and services can be sold at huge price as compare to their cost of production. Therefore, it will be
huge opportunity for each and every entrepreneur who are taking good decision to earn
maximum profits in an effective manner. With the help of this, an entrepreneur is able to make
their product unique and gain large profit at marketplace. In this assignment a newly opened
business is taken which is named as VIVATIQ and comes in the market with its brand new
product that is Herbal Lip Gloss within the UK. Herein, Herbal lip gloss is one of the most
attractive product which helps people to give them natural look every time. It will be distributed
in marketplace in several forms like liquid, dry and so on. As this product has unique identity so
that it will influence large number of people at marketplace. The main purpose of launching
behind this product is to give natural look of each and every individual's lips. The main thing is,
this product is usually made for all type of age group people. As it is the unique product so that it
has capability to target large number of buyers to gain market attractiveness in a short period of
time. With the help of this type of products people can easily get their natural look just in few
seconds and this product do not consist any kind of chemical within manufacturing process.
Therefore, it is very simple and easy to use product anywhere. According to the future profit this
can be said that, as this product is the combination of lots of herbal aspect so that it is beneficial
for all people and it will give more advantages to them. Therefore, it is easy for them to achieve
huge profit at marketplace. In order to gain competitive scenario VIVATIQ firm made this
product with unique packaging and affordable price so that people can purchase it easily.
Therefore, it will give huge benefit to this firm and make them attractive within the business
place.
Apart from this, It will help this new business to gain their overall competitive
advantages within the market. It is also very much beneficial for those people who always
believes in natural products so that they can make them its potential customers and gives them
various discounts also. Thus, it product will gain overall profit of this business and make them
productive as well as attractive in front of its competitors within the UK. Whereas, low price
strategy will give more better results to firm and make every people confident towards this
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particular brand. Therefore, it can be said that for launching this sort of product in marketplace, it
is necessary for firm or business to analyse overall needs and demand of people within the
market and make it accordingly. In the case of VIVATIQ they already focused on people
demand and needs and made this attractive Herbal lip gloss to satisfy them at various level of
market along with they achieve their goals easily within competitive scenario.
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CONCLUSION
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REFERENCES
Books and Journals
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