Sunday, December 21, 2014

C4E Update 12.19.14

This week in class we've finalized parts 4-6 of our storefront project, which consist of the budget and other expenses, as well as ordering and receiving our first shipment of the BHS socks. While I feel confident that we are going to be able to go forth with our storefront project based on the work that we have put into revising and finalizing it, I am very excited about our sock idea. We sold the majority of the first batch to the basketball team, and a few lucky mortals. We've already been approached by many people asking where we got the socks and where they could find a pair. Jack and I are excited to continue this project and see that it grows and that we have some extra money to spend. Once through with this project we hope to continue to market the socks and sell them for our own personal financial gain. We were very pleased with the quality and design on the first batch, and feel that with all the hype surrounding the new mascot, as well as a partial rejuvenation of school spirit within BHS, that we could really benefit from our sock business. I honestly think it's really stupid that it took a couple kids in a business class to come up with this idea. Kids love being able to throw their school mascot on some apparel, whether that be a t-shirt, socks, sweatpants, etc. At any other school in the country the school itself would recognize this and would be able to benefit from the profits from the merchandise that it sells itself. But the truth is that I am glad that the high school has not caught on yet since it allows us to monopolize the ever growing sock industry.

1 comment:

  1. I agree with you that it's surprising that BHS hasn't figured out that there's money to be made on apparel. Perhaps after you guys do this project, Kyle will move in and corner the market. My sense is that the problem lies in the initial investment and risk. I'm pretty sure that someone at BHS (school store? athletics department?) tried this in the past but didn't have much luck.

    As the money rolls in, you need to think about the role the rest of your team has played in this. To cut Samantha, Amelia, and Sales out of the profits seems unethical. Perhaps you need to draw up a contract for this.

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