Sample Business Plan - Go Green Yoga Mats

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CONFIDENTIAL SWOT

Strengths

Weaknesses

Sell products in packages

Low margins

All Eco-friendly products

Lack of product variety

High quality products at a low price

Weak brand name

Young company

Yoga information on website

Search engine optimization

Opportunities

Threats

Few barriers to entry

Few competitors are all “green”

Many other yoga mat distributors in the market

Market trend towards ecofriendly products

Companies going towards eco-friendly products

Recession

BRANDING Ideal Customer Profile Go Green Yoga Mats’ ideal customers are people that currently practice or plan to start practicing yoga. This group is made up of mostly women between the ages of 23-55, since they are the majority of the market. These consumers often make over $50,000 a year and are usually college graduates or have families. The consumers tend to practice yoga in order to bring them flexibility, stress relief, muscle tone and more. They are conscious of their effects on the environment and look to make a difference by purchasing more ecofriendly products. They are willing to do the research to find the best price and a company that they trust. These customers like the convenience of shopping online, but also the ability to get their questions answered when needed.

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Copyright © 2010, Tyler W. Jensen. This article may not be reprinted, reproduced, or retransmitted in whole or in part without the express written consent of the author. www.thestartupgarage.com


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