Marketing Plan for Yoga.Fit which is a starting yoga studio

Product Description

Describe your product or service concisely, but specifically, in no more than three (3)
double spaced pages and written in formal business style. The most important
requirement for this assignment is that after reading it your instructor has a clear
understanding of your product/service/non-profit, what it does for the consumer and how
it works or functions.

This is NOT a sales pitch. Do not use this section to promote or advertise your
product. Product descriptions which do so will be penalized in grading. Rather, this
is a factual and objective description of your product. Some information you
typically include:

•  The name of your product
•  What it does
•  How it works (functionality).
•  What it looks like
•  Key design elements
•  What makes it special or unique
  Note: for services you should adapt the above list to fit an intangible product. Your
  concentration will be what services you provide for your customers.
• Example:
  Product Description with Feature and Benefit Analysis
  NOTE: This example is for a dog training device called Invisible Leash. Your description
  and FAB chart may vary depending on your product or service. Note the formatting and
  double spacing.

EXAMPLE- Is the product as mobile as they are? Dog owners want
the comfort of knowing that wherever they are, they can still have control of their dog.
They want to jog at the park and take their “best friend” on trips with them. To this end,
we believe that although the many invisible fences available fulfill a niche on the market,
research suggests that our product is better equipped for a mobile, active person.

Team Dog Collar recognizes that our product will not replace the traditional leash.
Therefore, we will focus our promotion on people with active lifestyles, early adopters and
“techies”. Since we are a providing a unique product in a broad market, direct competition
is limited. “Invisible Leash” will, however, be up against higher end pet products that
compete for the consumer’s pet related discretionary dollars.

The specifications of The Invisible Leash, such as weight, quality, and ease of use
are of prime importance to our customers. Our customers are active people and want a
small, sleek, quality device that will fit into their active lifestyle.

The Invisible Leash will be of top quality, in workmanship and choice of

materials. The product will not be limited due to the nature of the building materials.

Product quality control will be implemented from the initial design of the product to

production. The Invisible Leash will have a product warranty on all parts and labor.

Product Functionality and Design

The product consists of two components. The human element is a phone-sized unit
that functions as the control and the pet attachment is an electronic collar similar to those
employed by existing pet management products.

The control unit offers settings that allow the owner to set
the “roaming distance” and the desired reinforcement,
either a sound or, for more stubborn breeds, a mild electric
shock. The control unit can also be set for an audible tone
or vibration. When the pet strays more than the proscribed
distance the unit signals the collar, executing the
reinforcement and alerting the owner.

Both units are available in a number of colors and sizes to fit any breed and
compliment the owner’s personal style. We also offer a smart phone app that tracks the use
of the unit, how far the dog has traveled in a day and other functionality that might be
typically expected in an app. It is compatible with most major platforms, including many
tablets.

Invisible Leash is, of course, a product both newly designed and new to the
consumer. Consequently, there are limited current issues of any significance with regard
to product performance, customer satisfaction, market presence, or warranty concerns.

Team Dog Collar has completed the design of Invisible Leash and is in the process
of securing patents for both the design of the overall product and for the EPROM that
contains the firmware used in the core functionality. Additionally, the product name has
been Trademarked and the tag line “The Only Thing Visible About Invisible Leash… Are
The Results” has been copyrighted.

The core competency of the company and its staff is sales, marketing, and product
innovation. Consequently, most other functions have been contracted to third party
providers. Manufacturing will be outsourced to a Mexican firm, Matamoras Electronic
Manufacturing, who has significant experience in small item consumer electronics. The
firm has a good reputation for quality and there is substantial American investment and
oversight. MEM is also equipped to package the product on sight.