WATchoRTIME
Last week, we haven’t been able to continue our pitching since we were given time to get ready for the next one. So, for this week, our team made some changes and gave some additional details in our pitch deck.
We have already made our pitch deck last week but there are still some unsure slides, so we corrected it. First is the economic part, the price that we can offer is P3200. With cost of materials equivalent to P2000 and labor cost of P500. If we are to give some discounts, it may be around 10% which is equivalent to P2880 per watch. The least profit that we can get with the discount already subtracted is P380. So, if we multiply it with our SOM (7.4M) we can accumulate at least P 2.81 Billion. And with our Traction, we describe how far we have gone as startup business company. And as for our competition, we have lots of competitors since there many producers of watch and smart watches. Some are expensive and some are affordable. We can consider our product as affordable and also we can have online transaction. People can purchase through physical store or online. Regarding in our ask section, we have assumed to ask funds from investors and this can gain much profit which can satisfy both investors and us. The greater the investments, the greater profit can be gained.
So, for the summary, we the TEAMCHO, “Helps you budget your time and guides you to your future”. We have our facebook page, https://www.facebook.com/WATchoRTIME/. We will do our very best to develop our product soon, and we will be happy to serve you.