Pack Away Pillow
Published on Nov 20, 2015
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PRESENTATION OUTLINE
Pack Away Pillows are designed to take up hardly any room while on vacation. It also gives you the comfort of your own home and you will always be able to sleep well because it is so compact.
Photo by tipiro
It would be extremely cost effective to build the factory in Cambodia. This is because it is a lot cheaper long term to pay for workers.
Photo by JAXPORT
Pricing
The average annual salary in Cambodia is 1 dollar a day, average 365 a year. But, I would build the factory in Phnom Penh where the people would make 1,200 dollars a year. Since it is in a big city, people would see the factory every day and see the name of our product.
Photo by Navaneeth K N
Factory
It would cost about 50,000 dollars to build a factory in Cambodia after taking in expenses to get licenses and land.
Photo by ethan.crowley
Advertisement
Since our product is mainly aimed toward adults, we would put our ad in newspapers and in magazines to maximize the number of people who see the ad.
Photo by Pranav Bhatt
We would also start up a website so we could have people all around the world see our product.
Photo by eshare
We would start with 150 workers and hire more if needed when our company expands. Also, we would invest in a few robots that cost 20,000 dollars each and they do the work without getting paid.
Photo by ⣫⣤⣇⣤
Each employee would have to work a 4 hour shift every day for 6 days. The shifts would be 8am to 12pm, 12pm to 4pm, and 4pm to 8pm. There is also a 7 day paid absence from work if there is a family issue. 1 time per year.
Photo by 401(K) 2013
The main resource that we would use is the people. They are used to sewing all of their own clothes and they are very good with their hands.
Photo by B_Zedan
The cost of shipping the product would be determined by the weight of the items being shipped. On average if we sent a 200 pound shipment it would cost about 55 dollars. But, in order to do that we need to buy a mass shipping permit that is 300 dollars each year.
Photo by ecstaticist
After adding up the whole cost of things, I decided to ask for 300,000 dollars to get a good start in advertising and shipping the product out.
Photo by Scott Ingram Photography
