Friday, October 29, 2010

HERE COMES THE BALLS!

So there was some lag time for our venture because we had to wait for the price quote and invoice from S.O.S.
BUT.....

THE ORDER HAS BEEN PLACED!
In a few short days, all the JMU students and even townies will be able to show their love and passion for JMU everytime they play table tennis.


For now, we are execs like this one ----->









BUT WE KNOW ONCE THE
JMU PING PONG BALLS GET SOLD ,
WE WILL HAVE ALL OF THIS---->

Thursday, October 21, 2010

Up up and away!

After a week of exploring different printing and delivery options, we'll be placing our first order tomorrow after Entrepreneurship class!  We're very excited about this and some of our distribution methods.  Our current favorite plan is to sell our ping pong balls at the tailgates before upcoming JMU football games.


Several classmates have already expressed interest in our ping pong balls so we have high hopes to see some profit soon!  Stay tuned because we'll have some sales to report soon!

Thursday, October 14, 2010

JOMATO ALMOST READY TO FLY!!

<------- FIRST OFF, CHECK OUT THE POTENTIAL LOGOS! AWESOME RIGHT?!?

We at Jomato have had a ton of great potential ideas but all the ideas had something that prevented it from being successful whether it be COSTCOMPLEXITY or simply STRANGE.
HOWEVER,
we are now set on a very very very awesome idea!
PING PONG BALLS WITH THE JMU LOGO'S ON THEM!!!! 

We got the approval from the JMU FOUNDATION and JASON MCCLAIN!
Unfortunately, we are unable to record any costs/profit yet BUT we are in the process of getting 
PRICE QUOTES from 9 different APPROVED printers so once that is determined and confirmed, 
we will be rolling in cash (HOPEFULLY!) 

IT IS A HUGE RELIEF TO FINALLY HAVE A VIABLE PRODUCT! We even have customers excited for when we start SELLING! Please check back to see our venture take off!

-THE JOMATO EXECUTIVES

Thursday, October 7, 2010

A New Direction

In the past week Jomato has seen a lot of changes. We have moved away from all three of our old ideas and begun researching two new products. We have continued researching the toiletry resale concept which has taken the majority of our time. We have continued to receive a good response from our target market. 


Our newest venture would consist of us selling JMU related ping-pong balls. We our still unsure of whether we will only be selling balls with the JMU logo on them, or whether we will target different organizations within JMU. As we've begun researching different manufacturers and custom printing companies the main issue has been pricing. It seems that if we want to make a larger profit and get the balls for under 50 cents we will have to order several thousand. Since we do not have the start up capital for such a venture, we will be spending the weekend researching alternative manufacturing techniques and suppliers. 


This week we have also worked on creating a company logo. Originally we had several ideas on how we wanted to make it, but we have all agreed on the same image. We are currently in the process of formating it from a freehand drawing to an image file that we will be putting on our packaging and advertisement.