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How can I project my sales in my business plan? knowing that I didn't yet start the business? |
the product will be sold only by Direct marketing and salespeople for the time being at least. Let me put this better; the product is an electronic piece, a bit expensive thus, target customers are the business society who will benifte the most from it. Any projection, even in a known market, involves assumptions. In your case you will have to make a few more, but that is OK. The key is that you clearly state what your assumptions are. Then as you gain knowledge of your market and your customers, you can replace assumptions with data, or at least educated assumptions. Is there a competive product? How much does it sell for? How widely is it distributed? How many units do they sell a week/month/year? Multiply that times the number of other products that fit in your category. What % of that total market do you expect to acquire? That is your sales projection. RESEARCH RESEARCH RESEARCH I support the reply by Joe D. although you can still work into deeper details per sku, knowing where to place that. For example; talking about consumer products, you should specify how many outlets you are targeting, and what areas on the shelves can you get for your products/sku. Get your company website and make sure all of your products are listed inside it. The webhosting or domain are available here: http://www.website.ws/powercontrol |
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