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Jasper’s Consignment Store PP

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Team works on creating a realistic non-store development. Course builds on previous business courses to cover the fundamentals of non-store merchandising techniques. The class focuses on distribution channels outside the retail “norm", exploring catalogs, Internet and other alternative retail techniques such as social media, kiosks, trunk shows, television and multi-level. Guest speakers introduce students to career oppotunities in fields such as home-based sales, television and internet. Students integrate these techniques into business plans.
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Jasper’s Consignment A Leader in Designer Accessories for Men Alicia Caron, Dominique Staupe, Maryela Perez, & Mariam Shamsid-Deen 12/17/2012
Transcript
Page 1: Jasper’s Consignment Store PP

Jasper’s Consignment A Leader in Designer Accessories for Men

Alicia Caron, Dominique Staupe, Maryela Perez, & Mariam Shamsid-Deen

12/17/2012

Page 2: Jasper’s Consignment Store PP

What is Jasper’s Consignment?

Jasper's Consignment is a premium online retailer that specializes in Men's accessories including: Ties, Bowties, Watches, Cuff links and Man Bags.

Page 3: Jasper’s Consignment Store PP

Jasper’s Mission and Values

To be the leading consignment e-retailer for men’s accessories. Jasper’s prides itself on the quality of designer merchandise at consignment prices. We plan to maintain our spot as the leading consignment e-retailer through fair pricing, quality product, a personalized shopping experience, and knowledge and education.

Page 4: Jasper’s Consignment Store PP

What You Get When Buying or Selling with Jasper’s

Designer Accessories Men’s

Ties/Bowties Avg. Price $67

Cuff Links Avg. Price $200

Watches Avg. Price $396

Man Bags Avg. Price $444

When the customer decides to sell Reputation Personalized experience Fair and accurate pricing

When the customer purchases from Jasper’s Designer items Quality product Reduced price Personalized experience Education and guidance

Page 5: Jasper’s Consignment Store PP

How it Works

Selling Have item

reviewed for acceptance

Ship item to Jasper’s

Set up consigner profile

Receive 35% of the price the item sold at with 90 days

Buying Make selection on

company website Optional: Receive

guidance and education

Purchase Item Receive in mail

Free Shipping Accessible

browse/purchase history

Page 6: Jasper’s Consignment Store PP

Who is Jasper?

Male Business Professional

Designer wear at a low cost

Median age of 42 Has used the

internet in the last 30 days

Page 7: Jasper’s Consignment Store PP

About the Owners

Alicia Caron BA in Fashion Merchandising Expertise in Selling, Management, and Logistics

Dominique Staupe BA in Fashion Merchandising Extensive Knowledge of the Consignment and Marketing

Maryela Perez BA in Fashion Merchandising Expertise in Customer Service and Telecommunications

Mariam Shamsid-Deen BA in Fashion Merchandising Expertise in Web Development and Marketing

As we grow we plan to add more employees for processing, technical support, and marketing

Page 8: Jasper’s Consignment Store PP

The Problem

What the men said: Few consignment shops for men Even fewer online options Dressing business professional can be

expensive Very little guidance or education by online

consigners

Page 9: Jasper’s Consignment Store PP

The Solution

E-Retailer Designer merchandise at consignment

prices Personalized shopping experience Using social media and other customer

interactions to guide and educate Jasper

Page 10: Jasper’s Consignment Store PP

Opportunity and Market

Median age of 42 11.65 % of the U.S. population 65% work full time 87.5% will have used the Internet in the

past 30 days (Market Growth Rate) Year three projected sales of $121,114

Page 11: Jasper’s Consignment Store PP

SWOT

Strengths Low Competition Accessibility Guidance and Education

Weaknesses Finding Consigners Marketing

Opportunity To Carry Men’s Apparel

Threats Other Consigners Designer Outlets

Page 12: Jasper’s Consignment Store PP

Competitive Advantage

Accessibility Product type Assortment Personalized

experience Guidance and

Education

Page 13: Jasper’s Consignment Store PP

Marketing Strategy

Ideal Costumer Full time business professional Wants quality product Buys and sells on a monthly basis

Current Business Partner eBay Goodwill

Future Business Partners UPS or Fedex

Page 14: Jasper’s Consignment Store PP

Marketing Strategy Continued Short Term Marketing

Plan: Social Media The Villager Mailers

Long Term Marketing Plan: Social Media Google Adds Email Star Tribune Radio

Page 15: Jasper’s Consignment Store PP

Technology and Start Up

Technological Needs Four computers Servers Security IT Technicians Software Apps

Our duties: Website maintenance

Hired Out: IT Support

Page 16: Jasper’s Consignment Store PP

First Year Sales Plan & Break Even Analysis

First Year Sales Plan 3 customers served each day Avg. price $277 Daily Sales Dollars $831 Open 365 days a year Annual Sales of $303,315

Break Even Analysis Annual fixed costs of $159,081 Gross profit % of 54 Break-even sales of $294,594 Sales over breakeven of $8,721 Profit dollars of $4,709

Page 17: Jasper’s Consignment Store PP

Japer’s Consignment Store Currently

Business Plan is completed We plan to form an LLC Securing storage space and setting up home

office Designing Website We have and are continuing to meet with

financial and business advisors As a whole we are investing $108,000 based on

selling personal property and family contributions.

Gathering preopening inventory

Page 18: Jasper’s Consignment Store PP

Summary

Jasper’s Consignment store is an e-retailer for designer men’s accessories

Our goal is to address the lack of consignment options available to men with respect to men’s accessories

Male business professionals want to sell and buy designer labels at consignment prices

Page 19: Jasper’s Consignment Store PP

Summary- What We Are Asking of You

With the information provided under consideration we would like ask for… Product donations Advice Support

Jasper’s fulfills the need of men who need to dress business professional and don’t have or want to spend their earnings on expensive designer accessories.

Page 20: Jasper’s Consignment Store PP

Jasper’s Consignment StoreA Leader in Designer Accessories for Men

Questions or Concerns?

12/17/2012


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