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Market Plan for Rock-a-Baby Accessory

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Market Plan for Rock-a-Baby Accessory

Devry – Keller Graduate School of Management

2/7/2010

Executive Summary

Rock-a-Baby is a direct market company that sells accessories that complement infant care products to the public exclusively through the internet. The company develops and distributes to the customer while manufacturing is facilitated through a partner.

Rock-a-Baby is a start up company entering the infant product market. The first product is an infant car carrier rocker accessory. The goal for the first year with the infant car carrier rocker accessory is to gain market share and to build brand recognition. The sales goal is to capture 5% of the target market by selling 67,000 units with a gross revenue forecast at $4,153,330. The sales goal for the year after will be doubled to 10%. Consumers spend $5,790 (babycenter, 2010) in the first year on basic infant needs. With 1,726,523 first born in the US for 2007 that is a $9.9 billion dollar industry. This number will increase as birth rates are projected to increase. One of the must have item is an infant car carrier which is required by law to bring home an infant. Rock-a-Baby will focus on equipping parents with accessories for the infant car seat carrier that will benefit them and their children. After establishing a brand name Rock-a-Baby will branch out and introduce other accessories to other essential baby products. The majority of infant soothing accessories require parents to remove the infant from the infant car carrier disturbing the infants and frustrating the parents. These products are also very bulky and are a hassle to travel with. The Rock-a-Baby accessory addresses these issues. It is a light, durable and portable accessory that attaches universally to any infant car seat carrier and automatically rocks the carrier. This accessory will keep the infant occupied

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