To serve our business plan for our product it will be revised and approved by McNamee’s company because they will be the ones supporting our product to be sold world wide most likely and also we will be splitting the profit of this product in half between his company and the inventors of this fan. That all depends on how much the product would be sold for and how many would be sold in stores in all throughout a year.
Competition and Buying Patterns
Throughout the year the weather gets hot causing the people to find ways to cool themselves usually by an air conditioner in their home, but when they’re not in their homes there are few ways to cool themselves off are fans, water, and misting machines. The buying pattern will be higher in the summer and spring when the temperature becomes more hot and sales would be lower during fall and winter. With the sales throughout 2016 it shows promise that fan sales will gain a percentage upwards from 2016-2022 ensuring that the fan industry is still a healthy market to have a fan-like product. Places with hotter temperatures would obviously have a larger market but also for an extended amount of time, as the weather stays hotter for longer. For example, in southern California it is common for higher temperatures to persist long into the fall.
Value Proposition
The product will be visually appealing, and will be effective as a means of cooling oneself. The product will take a more comfortable and subtle look with a appealing futuristic vibe. Partnerships will allow us to also give younger audiences a disney and nick jr look as well. The basic version design of our product will have the handle as black. One side of the fan will have our company logo fading into the background of the sky blue fan that it is and the other side of the fan will also be sky blue. The tubes where the mist will be coming out of will be clear.