Business Proposal for New Product

a minute read

The business proposal for new product is created for the purpose of a profitable proposal plan pertaining to a new product of the company. This proposal must have adequate information regarding the product that will be presented to the Board of Directors of the company. The proposal should follow a general format according to the standard given by the company. It is important that all research and market analysis for the product is provided within the proposal. This must incorporate a comprehensible structure which can be understood by the different departments within the company. The business proposal for the new product must be created keeping in mind the specific product to be launched.

Sample Business Proposal for New Product

Name of Company: Coco Chanel Co.

Name of Product to be launched: Coco Vintage Clutch.

Date of launch (tentative): March 31, 2013.

Proposal created by: Department of Creative Designs and Sales.

Proposal Date: May 5, 2012.

Purpose of the proposal: To launch the new series of clutch bags by Coco Chanel. These are vintage bags that are to cater to a high end clientele.

Product details:
A vintage clutch bag that can be used for social parties and occasions. These can also be custom made based on orders placed.

Market Analysis:

Target market: Those with income group above $70,000 per annum.

Overall Response: 33% positive.

Price Favorability: 12% in favor.

Risk Factors:

Too costly and does not appeal to a large section of the market.

Not an original idea and hence, less chances of high profit.


Facebook Twitter LinkedIn Whatsapp Pocket

Related Posts:

A bakery business proposal is a proposal which takes into account all the necessary details of a bakery business. All areas of consideration are addressed and all plans clearly outlined so that the bakery business proposal proves to be a valuable document. The...
Retail business proposal helps an individual to outline his objectives and plans related to his business. Inorder to make the proposal valuable to the potential customers and clients, this kind of proposals must define the goals, problems etc with clarity. P...
A product design proposal is an official document of a company or organization, which is issued when it proposes to design a product for any other company or organization. The proposal should include the kind of designing services that the company offers and a...
Whenever a person or party thinks or plans a new business entity or gets an idea for a new business, he/she presents it in the form of a new business plan proposal. A new business plan proposal is a way through which one explains the details or idea behind a n...
A product endorsement proposal is one which documents the proposal of product endorsement by manufacturing firms or marketing agencies. It highlights the product features and their utility. Therefore it should be written sensitively by putting in the discreet ...
Product sales proposal letter are those letters which are letter by an individual or an organization in order to make a proposal for the sales of their products or services. There are some specific rules to write a product sales proposal letter. In these produ...