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Group...

Question: 1&2...

Reply:

Example:

G7:

1. Why should we buy your products?

Reply: This is because we are offering good products with high-quality and cheap price. We really recommend you to purchase such a nice product because you deserve it.

*We recommend every group to ask all questions in one post. It's easier for us to reply to every question from each group and to ensure all the questions are being answered. Your cooperation is really appreciated.

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Question 1...

Question 2...

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Question 1: What motivates your team ?

Reply: As a member of the SparkleStrap , I feel motivated and empowered to sell these products to our customers. Our leader and other members remind ourselves of the deeper meaning and impact of our work, which keeps us focused on truly helping our customers rather than just hitting sales targets.

When challenges arise, our leader encourages us to stay positive and focus on the value we provide. Overall, I feel supported, energized, and excited to sell these SparkleStrap and provide an excellent experience for our customers.

Question 2: Do you have any intellectual property (patents, trademarks) for this business?

Reply: Currently No, but we will consider acquiring it for our unique business.

*Please try to purchase our product and share with the people around you, Thank you.

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Question 1...

Question 2...

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Question 1 : Who are your main competitors?

Reply: The main competitors in the phone strap business include any accessory companies that beautify and have the same vision as our company. We in SparkleStrap take even a small business that based on UM or the same area as our competition as everyone in this industry always compete for the best.They are prominent players in the accessory market, offering a variety of phone straps and accessories to compete for market share. However, we SparkleStrap always thrive our best to give our best design,product,quality and price to our customers.

Question 2 : What is your pricing strategy?

Reply: Our pricing strategy at SparkleStrap is designed to balance market competitiveness, cost coverage, and customer value. We start by conducting thorough market research to understand our target audience, competitive landscape, and pricing trends within the phone accessories industry. We continuously monitor market trends and customer feedback to make necessary adjustments to our pricing and serve our best service.

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1. If there are other competitors with similar products, what is your team's next course of action?

Reply:Our team will focus on product differentiation by enhancing design and functionality, ensuring superior quality and exceptional customer service. We will build our brand through effective marketing and competitive pricing strategies. Continuous market research will help us understand consumer needs, allowing us to innovate and improve our products. Additionally, we will expand our sales channels, including online platforms and international markets, to increase visibility and reach. By implementing these strategies, we aim to stay ahead of competitors and attract loyal customers.

2. Is it possible for mother to buy this product as a gift to their children?

Reply:Yes of course! We would recommend you to share our straps as a gift to your children. And our straps are customizable as well, which means that you may design the strap according to your children’s preferences!

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1. do you allow refunds/change in product if the customer is not satisfied with the current product? if yes, how do you manage the logistics with refunds and faulty products?

Reply: Fairly,When a customer requests a refund, We in SparkleStrap will determine if the product is truly faulty or damaged, or if the issue is due to customer use. If the issue is from our side, yes we will provide a full refund or exchange the item, even if it's outside our normal return window.If not we will try to make our customer on why we cannot refund.

To return the faulty items,  Make sure to ship out the item within 5 days. Failure to ship within 5 days will automatically result in the cancellation of your request. Items should be packaged properly and do label the item with our return faulty item paper, which can be get from our customer service.

In SparkleStrap we also track and analyze your return data to identify any trends or problem areas. Thus, we can use this information to improve your product quality, packaging, and return policies over time.

2. how can you keep up with high demands of customers?

Reply: Keeping up with the high demand is indeed a priority for us, and we've put several strategies in place to ensure everyone gets what they're looking for. We keep a close eye on demand patterns to ensure we have enough stock ready and we've fine-tuned our production process to be as efficient as possible without compromising on the quality you love. And of course, our amazing customer support team is always here to help with any questions or concerns you might have along the way. Your satisfaction is our top priority, and we're dedicated to making sure your experience with us is nothing short of fantastic!

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1. What are the biggest risks and challanges your business face, and how are you preparing to address them?

Reply: Our biggest challenge is market saturation. To overcome this challenges, we will try to come out our phone strap with unique pattern and try to collab with the other designers.

2. How do you plan to stay ahead of potential competitors entering your market?

Reply: We will focus on our product quality and sell our product in more reasonable price compared to the other competitors.Moroever, by ensuring our exposure to the public, we will keep on promoting our product in social media like Instagram, Facebook and Telegram.

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1. How would we know your phone straps can last and wont break easily?

Reply:

Our phone straps are very durable. And they can last for a very long time with daily use. However, the exact time depends on how the customers use them.

2. Can we customize them?

Reply:

Definitely, all customers can customize phone straps based on their preferences. This is one of our advantages in order to offer the maximum level of choices for our customers.

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1. What is your marketing strategy?

Reply:Our marketing strategy is all about offering competitive prices. We sell our phone chains at lower prices to attract more customers. By using cost-effective production methods and efficient supply chain management, we make sure our high-quality phone chains stay affordable without sacrificing quality. Plus, we run targeted ads, use social media to connect with potential customers, and work with influencers to boost our brand's visibility. This way, we not only attract budget-conscious shoppers but also build brand loyalty and long-term relationships with our customers.

2. How do you plan to reach your target customers?

Reply:We plan to reach our target customers using a mix of online and offline strategies. Online, we'll use social media platforms like Instagram and Facebook to run targeted ads and engage with potential buyers. We'll also team up with influencers who fit our brand to promote our products. Plus, we'll optimize our website to show up in search results and attract organic traffic. Offline, we'll attend trade shows and local events to showcase our phone chains and connect with customers directly. By combining these efforts, we aim to build strong relationships and boost our brand's visibility.

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1.What challenges have you faced so far, and how have you overcome them?

Reply: Manage the inventory and supply chain. To overcome this problem, we have to establish a good relationship with our partnership and supplier to mitigate the risk of supply chain disruption.

2. What is your distribution strategy?

Reply: We will try to focus on customer satisfaction and offer the customer with a high quality product and the cheapest price we can give to our customer.

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1. What trends in phone strap designs do you see gaining popularity?

Reply:

The market trend of phone strap currently is focus on customization, functionality, fashionably and durable.

2. What distinguishes your phone strap business from competitors?

Reply:

Most of potential customers are preferring cheaper phone strap, that's why we are offering phone strap with low price and high quality. We believe this will help us to stand out in the crowd.

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1. What do you think is your biggest competitive advantage?

Reply: Our biggest competitive advantage is offering customizable, high-quality phone straps at affordable prices. We blend functionality with fashionable designs, appealing to fashion-forward individuals, students, and teenagers. Our strong social media presence on platforms like Facebook, Instagram, and Telegram helps us reach a wide audience and build a loyal customer base, setting us apart from competitors.

2. Do you think it is more appropriate for you to try to expand your market or to be more deeply involved in a particular market and why?

Reply: It is more appropriate for us to focus deeply on a particular market, such as fashion-forward individuals, students, and teenagers, to build strong brand presence and customer loyalty. Once established, we can confidently expand to broader markets.

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1. What are your marketing strategies?

Reply : Our marketing strategies focus on offering affordable, high-quality phone straps through extensive use of social media platforms like Facebook, Instagram, and Telegram to reach and engage a wide audience. We target fashion-forward individuals, students, and teenagers, emphasizing customization options and trendy designs. We aim to maximize customer satisfaction and market reach. We leverage partnerships for better networking and continually explore new markets based on insights from customer surveys to meet demand and stay competitive.

2. What is your biggest challenge so far do you faced and how did you overcome it?

Reply : Our biggest challenge so far has been managing market saturation, inventory, and supply chain issues, along with balancing pricing and profit margins. We overcame these obstacles by focusing on unique designs tailored to specific segments like teenagers and fashion-forward consumers to stand out in a crowded market. Additionally, we established relationships with reliable suppliers and backup suppliers to mitigate supply chain disruptions.

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1. Do you offer different variations or customization options for SparkleStrap, and if so, how do you cater to individual preferences?

Reply: We do offer different styles and colours of phone strap to make sure that we fulfill all the customer preferences.

1. What are your plans for future SparkleStrap products or collections?

Reply: We will try to make collaboration with the others designers to make us stands out in this industry.

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1. How do you retain customers or encourage them to buy your product/service again?

Reply: We are offering nice products with high-quality and low price. We also will give some 'extra offers' such as discount and free-delivery to retain our customers besides compete with other merchants. We believe that these will help our company to get more potential customers and also to encourage our customers to make purchases again.

2. What challenges have you faced during sales?

Reply: Our challenges during sales was managing market saturation, inventory, and supply chain issues, along with balancing pricing and profit margins. We overcame these obstacles by focusing on unique designs tailored to specific segments like teenagers and fashion-forward consumers to stand out in a crowded market. Additionally, we established relationships with reliable suppliers and backup suppliers to mitigate supply chain disruptions.

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1. What problem does your product/service solve, and how does it uniquely address this issue compared to competitors?

Reply: Our product---phone strap is a handy accessory that allows owners to carry their phones with safety and comfort. In addition, phone strap also can prevent accidentally dropping phone. Our phone straps are made with durable materials to ensure that all of our products are functionable.

2. What is your business model, and how do you plan to achieve sustainable growth and profitability?

Reply: We are SparkleStrap, A digital marketing company operating online on social media such as Facebook, Instagram and Telegram to offer phone straps. To achieve sustainable growth and profitability, we always pay attention to the market demand and customer needs by conducting survey for market research to ensure we're always in line with customers.