Upload
melissa-woolfrey
View
136
Download
3
Embed Size (px)
Citation preview
2
Strengths & Weaknesses
STRENGTHS• Tiles talk to one another to help find lost items • Real-time tracking and location• Small and powerful
WEAKNESSES• Currently only compatible with Apple products• Non-replaceable battery
3
Opportunities & Threats
OPPORTUNITIES• Child tracking and location• Tile network of users to boost tracking ability
THREATS• New entrants to market• Competition quickly matching innovations
Sustainable Competitive Advantage
4
CORE ASSETS & COMPETENCIES
• First location-based tracker on Kickstarter
• Over 49,000 backers• Received $15.8 million in
four rounds of funding• Opportunities for entry into
numerous new market segments
• Innovation to make better products
Based out of a small office in San Mateo, California
COMPANY
CULTURECollaborative culture of employees who have become friends and family
SUCCESSTeam members share in the success
GOALTo create small innovative solutions for big problems
6
Customers
Parents with Minor ChildrenProtect your children and keep them safe while encouraging independence.
CaregiversGive parents peace of mind by giving them on-demand access to check in on their child.
Child AdvocatesBuild the Tile network across geographic areas to boost tracking services and help bring children home faster.
7
Competitors
StickNFindAdhesive radar-
style tracking and locating device with a range of 100 feet.
GuardianVirtual leash can be
worn as a wristband or belt
buckle with a range of 230 feet.
eZoomPlace in child’s bag
to track location and set safe zones.
PocketFinderCustomizable real-time tracking with
safe zones and speed limit alerts.
Segmentation & Targeting
8
Parents of young
children (under 18)
Parents
01
04
02
03
Between 25 - 45
AgesConcerned protective
parents
ProtectiveSchools and institutions focused on
young children
Child Focus
9
Positioning
The only location and tracking device with the power of the Tile network helping you bring your
lost child home safe and fast.
1010
Tile ChildProduct
TrackingReal-time
location of your child
NetworkCommunicating
tiles increase range
Tile AppTiles work with
the Tile App
11
Place (Distribution)
OnlineOrder directly
through the Tile website.
MobileOrder from any mobile device.
Retail Partners
Order from our retail partners (e.g.
Amazon).
Direct SalesSales made directly to corporate
customers (e.g. schools).
12
Promotion
YouTube AdsShort video ads before YouTube videos.Targeted Online AdsOnline ads targeted on internet activity.Email MarketingEmail campaigns targeted at parents.Local SchoolsDemonstrations at local schools.
20%
80%
40%60%
100%
YouTube
Targ
eted O
nline
Ads
Marketing
Local
Schools
13
Pricing StrategyPenetration pricing: Set a low price to increase
sales and gain market share. Bundle pricing: Bundles of Tiles sold at a reduced
price.
1 TILE 3 TILES 6 TILES 12 TILES
$25 Save 20%$20/e
Save 35%$16.25/e
Save 40%$15/e
14
Sustaining Value
Customer AcquisitionCustomer Acquisition: Key focus will be on reaching out to schools to give a demonstration of what Tile can do, combined with online customer acquisition.
Customer Retention: Recycle and repurchase Tile annually for the newest innovations.
Profitability: Target 25% profitability.
Customer Retention
Profitability