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Forecast

Objectives

Introduction

Team

Team

KAI

LISA

TIMUR

LYA

Product

Our Product

Shmellzäm is a scent detection and emission device for smartphones

External Analysis

External Analysis

P E S T E L Analysis

  • environment of the company

  • management decisions

  • entrance to the market

P E S T E L Analysis

T

S

Political

P

- subventions from government / EU if possible

- product has to be consistent with EU-principles

Economic

E

Own illustration with https://de.wikipedia.org/wiki/Landkreis_Karlsruhe

Location of our company:

Karlsruhe, Germany

excellent location:

< 150 km to Frankfurt International Airport

direct connection to highway

Germany as middle of Europe

Environmental

E

- manufacturing and recycling

of capsules

- consumption of

aromatic substance

Legal

- data privacy, as smells probably can be legally patented or protected

L

Existing alternatives

Existing alternatives

https://www.all-about-security.de/security-artikel/it-anwendungen/single/die-nicos-ag-baut-und-betreibt-die-infrastruktur-fuer-high-secu/

Airport Security

- detect explosives through their unique smell

- detect chemicals

https://www.faz.net/aktuell/feuilleton/sensor-zur-geruchserkennung-schweissprobe-am-flughafen-12914037/als-inspiration-fuer-den-12914047.html

Airport Security

Kamina

:= KArlsruher MIkro NAse

https://www.hannovermesse.de/de/news/news-fachartikel/supernase-erschnueffelt-gefaehrliche-gerueche

Kamina

- sensor to recognize molecules which hold the smell

-> recognize the smell based on their pattern of smell

-> use in smoke detectors

https://de.wikipedia.org/wiki/Karlsruher_Institut_für_Technologie

SWOT-Analysis

SWOT-Analysis

SWOT - Analysis

SWOT - Analysis

Strengths

- unique product

-> monopoly situation

-> high ascertainment of prices possible

- product will be cheaper due to learning curve effect

STRENGHTS

Weaknesses

- high production costs

- network has to be established first

- no knowledge of market

WEAKNESSES

Opportunities

- high market share

- absorption of the market

- many-sided usability

- new target group

OPPORTUNITIES

Threats

- unknown market -> uncertainty

- legal situation unknown

- high financial risk due to high investments

THREATS

Value

Proposition

Value

Proposition

"We believe we can make life more enjoyable by opening great opportunities with a new dimension"

Why?

Golden Circle

What?

How?

Golden Circle

Why?

Why?

  • We believe we will make life easier

  • We want to give people a 5D experience

  • We want to inspire and enthuse technically minded people

  • We want create something the world has not experienced before

How?

How?

  • We produce a high quality tool which can track, save and reproduce smells

  • The hardware of this tool includes printer cartridges which can reproduce smells

  • The software of this tool includes sensors which can track smells

  • The smartphone is connected to the tool via App which allows navigation, storing and emission of the smells

What?

  • Phone Case for Android and iOS (latest models)

  • It protects phone perfectly, is convenient, and gives the user a 5D experience.

What?

Critical Success Factors

Customer satisfaction

Technology

Market position (Premium)

Critical Success Factors

Customer

Segments

Customer

Segments

Henry

Buyer Persona

https://twitter.com/blacknerd

"Innovative technologies amaze me and after testing new ones, finding something that I can enrich my everyday and working life with is what makes me happy."

Profile

DINKY

Profile of Henry Smith-Friedrich

Age

29 years old

Relationship Status

Has a girlfriend, couple since 2014

Country

Lives in Berlin, Germany

Position

Founder of a Start-Up in the IT-sector, programmer

Hobbies

Playing the guitar, martial arts, mountain biking, gaming, cooking and baking

Interests

Huge technology knowledge, "computer doctor" for friends and family, gaming and product review YouTube channel

Typical day

Gets up early to start a productive working day, does sports with his girlfriend, after cooking together, spends his evening gaming with friends and experimenting with modern technology.

Goals & objectives

  • making his business become even more successful
  • maintaining a good work-life-balance
  • Being able to share everyday experiences as vivid as possible with family and friends to make up the physical distance
  • Being top informed about latest technology trends

How did he hear about us?

  • has read about it in a special technology magazine
  • talked about it with colleagues at work
  • one of his YouTube streaming colleagues made a video about it
  • He saw it in the Saturn store while being on a shopping trip with his girlfriend

Path to purchase

  • Talking with friends and colleagues about the new product
  • watching review videos about it
  • reading magazines to inform himself
  • compared online and retail prices
  • buys one directly in Saturn to avoid shipping

What could hold him back?

  • high price
  • Innovation - does it really work?
  • hasn't got any close friends who own the same product yet - who could he use it for in terms of sharing smells instead of just downloading or saving them?

Core Targets

Gender

Age & life-stage

Lifestyle

  • Active in social media
  • In close contact with friends and family
  • Hedonists

All genders

  • 19-45 years
  • DINKYs
  • Married, high income, stable job

Core Targets

Socio-economic group

Culture

Location

No restrictions

  • Germany

-> Europe

  • Big cities, urban

https://3.bp.blogspot.com/-nqifzXpgGTQ/VDqsmMaBkII/AAAAAAAAAMo/2iN1tXcaHJY/s1600/Socio-economic%2Bgraph.jpg

Marketing Mix

Marketing Mix

Product

Packaging

Product

Capsules

App

Case

Pricing

289.99€

3 spare capsules 79.99€

Price

  • No competition

  • Premium Segment

1 spare capsule 29.99€

Extra shmellz 3.99€ per month via app

Place

Place

Online-Shop

Phone Stores

Online Retailers

Multimedia Retailers

e.g. MediaMarkt, Saturn

e.g. Amazon, Rakuten, Otto

e.g. Vodafone, Telekom

Own Online Store where we sell our products directly

Online Shop

Shmellzäm

Shmellzäm

Promotion

Google

Advertisements

SHMELLZÄM

Promotion

Advertisement in special technology magazines

Social Media Marketing

SHMELLZÄM

Henry Smith Friedrich

Today 21:05

Guys, check out my super cool and innovative new phone case! I bet you won't believe what functions it has!!

  • Influencer Marketing

  • Sending product to youtubers to review

4,523 people liked this

Write a comment...

Cost Structure

Cost Structure

  • Research and development

  • High skilled employees

  • Marketing costs

  • Materials

Revenue Streams

Revenue Streams

  • Product sale:
  • Device
  • Spare Capsules

  • Monthly fee of extra shmellz

  • Data sale

Forecast

Forecast

Sale Forecast

Sales (pcs.)

10,000

Sales Forecast

7,000

5,000

2,000

2025

2020

2022

2021

Year

Revenue forecast

Thousand €

1.100

660

610

330

Revenue forecast

year

2022

2021

2025

2020

Break-Even-Analysis

Objectives

Objectives

What we want to achieve in the future?

Vision

What we want to achieve in the future

Objectives for 2020

Quality Objectives:

  • Image: high quality, high-end brand
  • customer satisfaction: 98%

Quantity Objectives:

  • Market share: 100%
  • Sales Volume: 2,000 pcs.
  • Profit: -830,000 €
  • Revenue: 330,000 €

2020

Objectives for 2021:

2021

Quality Objectives:

  • Image: high quality, high-end brand
  • customer satisfaction 98%
  • employee satisfaction 90%
  • High service satisfaction

Quantity Objectives:

  • Market share: 100%
  • Sales Volume: 5,000
  • Profit: -70,000 €
  • Revenue: 610,000€

Objectives for 2025:

2025

Quality Objectives:

  • Image: best quality, high-end brand
  • customer satisfaction 98%
  • employee satisfaction 90%
  • expand product portfolio
  • global expansion

Quantity Objectives:

  • Market share: 70%
  • Sales Volume: 10,000
  • Profit: 150,000€
  • Revenue: 1,100,00€
  • Reach Break-Even-Point
  • Cost reduction: 20%

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