general questions Flashcards
How will the company reach $10M in sales?
Leveraging the network and marketing strategy to sell 37,500 pairs (~3,125/month), aiming for $3K/day in marketing efforts.
Retail Strategy:
Retail expansion planned after reaching $3M? in e-commerce sales, starting with Zumiez and Dick’s Sporting Goods. Proof of concept is strong, as every production run has sold out.
Recruiting Strategy:
The company will hire top-tier talent from major footwear companies as it scales to $3M and beyond. Key athletes and influencers already connected will help attract the right team.
Future Rounds of Investment:
Another investment round is likely, focusing on hiring senior management to scale the business to the next level.
Unique Green Ball Feature:
The green ball design is a unique feature that differentiates the product, symbolizing health and growth, making it memorable for consumers. This symbol can be tied into any future product for the longevity of the brand.
Lifetime Sales:
$185,932.27 since Q1 2022, we call this our pilot phase.
2023 income
Gross sales
$75,275.57
Net sales
$61,087.02
2024 income
Gross Sales
$79,087.33
Net Sales
$52,634.81
Projected sales
???
$248k ($53k + $195k if we sell thru our next 3000 pairs @$65/pair)
2025 Sales Projection
$780k (12k pairs @$65/pair)
Target sharks & why
Mark Cuban - We like DTC, Mark seems great to work with, NBA
Kevin O’Leary - Licensing potential, sharp financial strategist
Daymond John - Licensing potential, fashion expert
Lori Greiner - Retail potential, QVC, understands patents
Guest sharks - anyone with sports background understands our goal
Total funds raised by outside investors
$172,500 cash for equity
Date the business was established
01/04/2019
how big is the recovery footwear market, how big is the footwear market in general
Verified Market Research values the North American recovery footwear market at around $3.32 billion in 2023, projecting it to reach $5.18 billion by 2031
General Footwear Market:
The North America Footwear Market Report by Data Bridge Market Research states that the North America footwear market was valued at USD 60.92 billion in 2023.
Global market size: Valued at USD 373.84 Billion in 2024
The global wellness economy is projected to grow at an 8.6% average annual rate, reaching $8.5 trillion by 202
statistics on foot injuries?
growing health trends?
