Industrial understanding
meeting standards
cost
loyalty
unique selling point
pricing
scale of production
advertising
longevity
how will i make design modifiable and give long lasting life?
i wont use methods that are to complicated and i will keep my design simple where possible.
how will I maintain loyalty to my products
make a successful product
how much cost to manufacture, how much profit?
£75 - £320 are the prices of similar products for sale
how economically worth it is my product?
cost of materials: >£50
where will my product be sold? in how bigger batches will it be produced?
mostly in local wood work shops and on a small scale as the production takes mostly fine and precise adjustments that machines cant do such as put in all planks exactly whilst making sure to glue and fix.
does it meet European standards?
it meets the European guidelines.
what makes my product special?
the design is very common but the innovative opening shield design is completely original to my product. in my research i have found no identical product.
How, when, where will the product be advertised?
the product will be advertised on apps like pinterest and in wood work catalogs and brochures relating to woodwork or wood furniture.
cost of manufacturing: <£35
total max cost: <£95
I would sell mine for £105
cost of material approx £95
time to make and materials require profit of at least 15%
release a similar type of product but fix every single mistake possible and let it be known during sale
continue to make products of brand type and fix any complaints made.
profit £20