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Jessica Beck

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prom-dresses.com and bestpromdresses.com. Offline. David's Bridal, ... Offline custom-made prom dresses are high-priced. Goals and Objectives. Five Year Goals ... – PowerPoint PPT presentation

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Title: Jessica Beck


1
  • Jessica Beck
  • Beth Croston
  • Jamie Klingler
  • Krista Lauritsen
  • Alisha McNabb

2
Our Mission
  • Becoming our customers main source for formal
    dresses by providing a unique online shopping
    experience.

3
The Dezine Team
  • President and CEO, Jessica Beck
  • Director of Marketing, Beth Croston
  • Director of Finance, Jamie Klingler
  • Director of MIS Operations, Krista Lauritsen
  • Director of Production and Distribution, Alisha
    McNabb

4
Market Trends
  • The dot-com generation has moved to the
    Internet for their prom needs
  • Prom is a 2 billion a year industry, with 2
    million teenage girls attending each year
  • The average attendee spends 541 on a dress and
    other expenses
  • Ten percent of girls buy their prom dress online

5
Opportunities
  • Girls currently have difficulty finding a unique
    dress in the perfect size, style, and color on
    and offline
  • Our unique services will allow us to capitalize
    on a market with unmet needs

6
Business Concept
  • Dezine Team has developed the opportunity for
    customers to custom design their dress
  • Customers can submit measurements, and we will
    recommend a size to best fit them
  • Customers can mix-and-match styles, sizes, and
    colors, while viewing how the pieces look
    together
  • Styles will be updated seasonally

7
Website Plan
8
Competition
  • Online
  • prom-dresses.com and bestpromdresses.com
  • Offline
  • Davids Bridal, Gantos, Macys
  • Our competitive advantage
  • Online stores offer limited styles, sizes, and
    opportunities for creative input by customer
  • Offline custom-made prom dresses are high-priced

9
Goals and Objectives
  • Five Year Goals
  • Capture at least 1 of online dress shoppers in
    first year, and 4 by year five
  • First year profits of 133,011, increasing to
    660,250 in year five
  • Expand to offer My Virtual Model, mens vests,
    referral program, more styles and colors

10
Financial Plan
  • iVestido is expecting sales to increase by 25
    each year
  • Revenues will reach 2 million in year five, with
    dresses selling at an average price of 250
  • iVestido offers a 62 return on investment in
    year one with potential to reach 300 at the end
    of year five

11
Resource Requirements
  • Personnel requirements
  • Sewing machine operators, and an outsourced
    seasonal designer
  • Financial requirements
  • Start-up costs of 85,000

12
Potential Risks
  • Potential Risks
  • Overstate Sales
  • Understate Sales
  • Large number of returns

13
Conclusion
  • iVestido offers unique services
  • A large profit within year one of operation
  • Estimated ROI of over 300 at the end of five
    years

14
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