Foxy Originals

Executive Summary With the growing popularity of its products, knavish Originals was running the chance of adequate over-saturated in the Canadian merchandise. In an effort to avoid this problem, the phoner decided to enter the U. S. market by January, 2005. To achieve this goal, Foxy Originals had to make a vital decision regarding its distribution strategy Would the society dish up sell shows or hire sales representatives? Foxy Originals strengths reside in its owners experience, stylish products, set strategy, and its flowing market presence.The companys weaknesses include local market saturation, lack of international market experience, and the advanced cost of securing retail musical scores. Tapping into the US jewellery market creates virtually unlimited opportunities for Foxy Originals. The company leave alone gain a larger customer base, wider brand exposure, and greater international market experience. Although entrance the US market presents Foxy Originals w ith huge opportunities, it also presents significant threats.Threats the company may mettle argon the risk of being eliminated by stronger, better marketed competitors potentially low demand for its product and expensive merchandising and distribution. Foxy Originals is trying to decide on the best strategy for expanding into the US market. The company must scourge its unfamiliarity with the US jewellery market, its lack of a solid marketing and distribution strategy, and the high cost of acquiring new retail accounts.The company currently has three options Foxy Originals can sell its products at trade shows or it can hire sale representatives to sell their products or the company can improvement from employ both distribution methods. The company must c arfully evaluate expected profits, market-entry time, and the complexity of severally substitute(a) The costs of hiring sales representatives are practically lower than any other alternative, and the expected revenues are much higher.Sales representatives have experience and contacts to make quick sales, assuring Foxy Originals a quick induction into the U. S. market. By the end of 2004, in major US cities, with a cost of $19,182. 50, Foxy Originals should will and hold back four sales representatives. Working with recruiters and following its regular employment procedures, the company should hire, train, and equip four ambitious, aggressive, enthusiastic account executives, assigning each to a major US metropolitan area.Because the company will face enraged competition in large urban cities, Foxy Originals should focus on slightly small markets with slight competition and higher demand. Foxy Originals also must develop a distinctly American sightstylish and affordable. By differentiating itself, offering unique and affordable products, Foxy Originals will insure useful elaboration into the US market.Foxy OriginalsExecutive Summary With the growing popularity of its products, Foxy Originals was running the risk of becoming over-saturated in the Canadian market. In an effort to avoid this problem, the company decided to enter the U. S. market by January, 2005. To achieve this goal, Foxy Originals had to make a vital decision regarding its distribution strategy Would the company attend trade shows or hire sales representatives? Foxy Originals strengths reside in its owners experience, stylish products, pricing strategy, and its current market presence.The companys weaknesses include local market saturation, lack of international market experience, and the high cost of securing retail accounts. Tapping into the US jewellery market creates virtually unlimited opportunities for Foxy Originals. The company will gain a larger customer base, wider brand exposure, and greater international market experience. Although entering the US market presents Foxy Originals with huge opportunities, it also presents significant threats.Threats the company may face are the risk of being elimina ted by stronger, better marketed competitors potentially low demand for its product and expensive marketing and distribution. Foxy Originals is trying to decide on the best strategy for expanding into the US market. The company must overcome its unfamiliarity with the US jewellery market, its lack of a solid marketing and distribution strategy, and the high costs of acquiring new retail accounts.The company currently has three options Foxy Originals can sell its products at trade shows or it can hire sale representatives to sell their products or the company can benefit from using both distribution methods. The company must carefully evaluate expected profits, market-entry time, and the complexity of each alternative The costs of hiring sales representatives are much lower than any other alternative, and the expected revenues are much higher.Sales representatives have experience and contacts to make quick sales, assuring Foxy Originals a quick introduction into the U. S. market. By the end of 2004, in major US cities, with a cost of $19,182. 50, Foxy Originals should will and train four sales representatives. Working with recruiters and following its regular employment procedures, the company should hire, train, and equip four ambitious, aggressive, enthusiastic account executives, assigning each to a major US metropolitan area.Because the company will face fierce competition in large urban cities, Foxy Originals should focus on slightly smaller markets with less competition and higher demand. Foxy Originals also must develop a distinctly American collectionstylish and affordable. By differentiating itself, offering unique and affordable products, Foxy Originals will insure profitable expansion into the US market.