Category Archives: Product Concepts

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Dapper Boi

Of the four pitches, Dapper Boi was the one that spoke to me most. In their introduction of the product line, Vicky and Charisse Pasche were clear in their identification of a problem that their product presented the solution for. They described how Vicky struggled to find clothes with the right style and fit in both the men’s and women’s sections – finding a more simple style in the men’s but the better fit in the women’s. In creating this line, they were creating clothing that was pretty much unisex in style (though gendered in terms of fit) that speaks to butch/queer/non-binary consumers.

In terms of who wants this product, as the Sharks made clear, there is a clear but specific market. There are very few companies out there that manufacture clothing in a unisex (veering masculine) style that fits typical women’s body shapes, and Dapper Boi identifies as one of them (actually, they claim to be the only one). I know of several people in my own life who are part of the community described here and who have encountered the same issues with clothes shopping as Vicky had. This clothing line certainly presents an option for clothing that meets the need for size-inclusive fit without overly gendered styling.

Based on the reading and in light of the Sharks’ feedback, this product has a clear core product (gender-neutral and size-inclusive clothing) and tangible product (a range covering jeans, shirts, swimwear, and beyond) that appeals to a specific and defined market (non-binary people and butch women). In the discussions that accompanied the presentation, it became clear the entrepreneurs had spent a lot of money marketing their product with the goal of expanding their consumer base. Looking back to our segmentation work, it’s clear they did not need to do this and spending quite so much on advertising without considering their consumer in fact harmed their business (their ice cream store would have gone out of business!).

The pricing, while on the higher end, seems appropriate for the product and for the sense of community belonging it promises. Their model of online-only works for where they are right now, and the concern they raised about retailers not knowing where to place their products is a valid one, but I do think there are stores in major cities that might be a good brick-and-mortar place for them to have stock available (while keeping online as their primary method of sale).

Much like the Sharks noted, this product is a solid one, and while the company has made some mistakes in their initial stages, they have done very well in getting the product to the hands of the relevant consumer. There are ways to save costs on marketing and ways to increase sales by focusing on their relevant market, but they will likely get there, even without the help of the Sharks.

Jacob Q- Product Concepts

Jacob Quirola

MAR 100

Professor Buckler

Product Concepts

In the world of business, Product concepts play a huge part. The product concept is viewed in this order product, price, place and promotion, but to fully go into depth of product concepts is to give an example of a real product and it’s concept being brought to million dollar business investors known as the sharks of Shark Tank and giving there view whether to invest in these new entrepreneurs or let them go.

Picking a pitch from the show, I decided to pick the first pitch called ” Honey Bunchies” and what caught my attention with this product was what it stood for and how it came to be and being a healthy person myself, I couldn’t resist but think about how much protein it contains. Krenda Bennett who is from Colorado introduces the healthy bar “Honey Bunchies” where she tells the story to the sharks about how her mother inspired her father to creating a sweet healthy bar in which started the business in 2010 and then retailing in 2013, with producing having the only ingredients of nuts and pure honey that consumers can enjoy.

Seeing the packaging of this product brings the colors that a child can be attracted to with a friendly bee character representing the bar, the purpose of this product was to fill there bar with nutrients and a healthy source of energy to bring to all ages, futhermore, during the segment the sharks really did enjoy her product. The process of kendra’s business is well established with marketing and advertising, but with it comes a challenging investment for the sharks.

During the discussion with kendra and the sharks, with sales being $300,000 to $520,000, what she was proposing to the sharks was that she was projecting a plan of sales being $2.2 to $4.2 million dollars which was a large jump for the sharks and her five reasons that she had estabish was not enough for the sharks to do a business deal. The reason why kendra couldn’t manage a deal with the sharks was that she was estimating that her business was going to profit because of the nationwide distributors she was going to partner with but the problem was that there were no guarantees the partnership was going to happen, with healthy food snacks being very competitive in the market and so the sharks couldn’t take a risk with a product that was good in taste but wouldn’t profit as fast as it would.

From what I have learned from this unit, I think in kendra’s case, she should have managed to start small and then grow her business through advertising in small local stores in her hometown and then promote her healthy bars online to give a wide perpective in branding which I believe was done well but could be better.