So we’ve pitched to our mentor and investor. So the question is, what do they think? We pitched to Mrs. Ridlon and she gave us many great ideas as well as questions and things we hadn’t acknowledged originally.
Of course, we’re going to continue with our idea of tags. We are still going to be selling to teachers and moving forward with our idea and expanding. Also, I think it is a good idea to keep discussing with our team. However, I believe that there are numerous things we could improve on. One contender is our price, as we will have to keep in mind the cost of labor and other materials that we didn’t acknowledge at first. I think we should keep the price at 5 but that may minimize our profits. Another thing we should improve on is the variety of things we are selling ,as we should sell in different colors (maybe?) or use different icons.
There are some ideas I am considering, such as for bilingual tags to make the text bigger and on different sides, since French and Spanish teachers seem to teach both languages. Another thing I might do is change the way the icons are displayed as well as the material I am using. I know how to use the laser cutter which is good, but I may have to do changes based on our prototype. I want to expand the audience we are marketing to and I also want to just expand our product as well.
I will show you the icon prototypes next week hopefully.