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NuMen Business Plan
Transcript of NuMen Business Plan
Business Level Strategy
Marketing segmentation and Positioning strategy
Social Class :working class
Occasions :party, gathering and wedding
Most willing purchase group
The trend of male skin care is increasing
Concentrate the most profitable group
Reduction of the risk at the start of business
Main Concern (1)
The segment is well-served and the growth ceases
Large company will attack and dominate the segment
To provide a
spa experience to male customers and to help out male from doing facial treatment and change their mind of "
New , Nude Men
in the second year of operation
highest market share
by the third year
To create a
company whose goal is to meet customer's expectation
To bring up the
male skin care
New experience of skin care with enjoyment and easement take place .
ageLoc Spa (Key Product)
Factors affecting pricing
Level of competition
Fixed Cost , variable cost and product development cost
Level of demand of products
Penetration pricing strategy
Increase market share
Develop brand awareness
Provide opportunity to change the pricing strategy once the objective has been achieve
Make less profit but in long term we can have a larger market share
After achieved objective
Change pricing strategy or remain the same
The level of competition will be more intensive
May swap to competitor pricing strategy
Located at 509 Lockhart Road , Causeway Bay
2791 sq. ft at $30/sq.ft
High pedestrian flow
Easily accessible by public transport
Low degree of competition
Three competitor (Heymen,Dandy Shop , Adam)
Training and Motivating
Hire the right person
A general manager
2 shop mangers
4 senior staffs
4 junior staffs
Range of price
$400 - 2500
On job training
10:30 a.m -21:30 p.m (Monday to Thursday) 10:30 a.m -22:30 p.m (Friday,saturday and public holiday)
Manager 1-2, Senior staff x3, Junior staff x3
ageLOC Business Builder Body Pack
ageLOC Business Builder Pack
ageLOC Galvanic Spa FSP Pack
ageLOC Galvanic Body 250PV FSP Pack
ageLOC Galvanic Face Gels (2 boxes, 16 ampoules)
ageLOC Galvanic Face Gels (1 box, 8 ampoules)
ageLOC Body Duo
ageLOC Body Shaping Gel
ageLOC Dermatic Effects Body Contouring Lotion
Tru Face Line Corrector
Nutriol HairFitness Treatment
Quick Lymph Massage and facial massage with Nu Skin’s Celltrex Ultra Recover Fluid to shape your facial contours
With the advantages of Q10 Skin Lotion and Celltrex CoQ10 Complete , Regenerating facials help bring back the lost moisture and revitalize the skin .
Electric Current Facial
Electric facials use micro-current, which emits positive and negative current with the help of two wands. This stimulates the tissues, increasing circulation. The result is effective as it lifts the muscles and makes them more plump and glowing.
Brighten the skin, tighten sagging skin with the Tru Face® series Aromasque Facial
Perfect blend for stabilizing soul, body and mind by using aromatic oi
Start up cost
Budjeted Cash flow
Age : 19-35
Personal income :10000-15000
Occupation : Sales / office worker / businessmen
Education level :high school level or higher
Life style : strivers
Personality :Individualistic /outgoing
Now growing continuously
If the growth ceases
Expand to other segment
Exit barrier is not high
Products based on certain years of scientific research
prevent to the degree of the uniqueness of the products
Main Concern (2)
1. Enhances delivery of ageLOC ingredients to your skin up to five times more than Galvanic Spa II.
2. Boosts the visible benefits of ageLOC Future Serum by an average of 80%.
3. Has a larger, brighter display, intuitive usability, and enhanced ergonomics.
4. Can enhance the delivery of anti-aging ingredients for up to 24 hours.
5. Has patented self-adjusting galvanic currents and interchangeable conductors.
Adopt NuSkin's existing products
Convieient spa machine (ageLoc Spa
Bus stop in Central Business District (CBD)
MTR Station in CBD
Deliver leaflet in Wan CBD
Create Facebook fan page
Deliver coupon every season by mail
New , hot products information by email monthly
Membership points system
Basic Member / VIP
Build up long-term relation with customer
Increase their loyalty
High CTR website
Search engine marketing
Our target customers spend lots of time on internet
High view in a low cost
Easy to reach target customer
Can track people's interest on internet
24-hours effect for bus stop
Develop brand awarreness
The design of wall
Natural facing stone
Aromatherapy made by lavender
The color tone
hiding its vulnerabilities, insecurities and lack of self-confidence.
A concerto with joyful melody
Bach- Harpisichord Concerto No.2
to help them relax
Aim for a cozy, insular atmosphere
A soft, yellow lighting will be used
Releasing the stress and help them relax
Around 60 to 68 Fahrenheit
Bring customer to prepared room ready and provide service
Pay/deduct balance in and account
0-2 months annual bonus
Monthly attendence award
Incentives for career development course
1 day sickness allowance per month
10 weeks maternity leave and leave pay
12 days of annual holiday
Paid Leave /holiday
Selecting the best performance employee per season
Event to Motivation
Adopt intensive recruitment
A group discussion
Partent company SWOT
Large distribution market and continue to grow
Long history, high credibility
No retail shop and advertisement on mass media
Limitation on non-member from purchasing
Uncertainty of economic climate
Constraint of the export
By taking advantages of nuskin strength
Meet the special needs
Michael R. Solomon, (2013) Consumer Behaviour Buying, Having, and Being(10th Edition), Prentice Hall
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Jaymi, J.M. (2013), "Want a good night's sleep? Find out which colours you should use in the bedroom (and avoid) for a decent kip", Mail Online News, May 16, pp.1-2.
Bruce R. Barringer (2009). Preparing Effective Business Plans: An Entrepreneurial Approach, Pearson International Edition, Pearson Education.
Richard Stutely (2012). TheDefinitive Business Plan: The Fast Track to Intelligent Business Planning for Executives and Entrepreneurs, 3rd edition, FT, Prentice Hall.
David Tooch (2006). Building a Business Plan, 2nd edition, Prentice Hall.
Steven D. Peterson and Peter E. Jaret (2010). Business Plans Kit for Dummies, 3rd edition,For Dummies.