BIG THINGS CONTINUING TO HAPPEN!

We have sold enough of our balls to cover half of our cost in only 3 EFFORTS up until now! Our current revenue is $300 and growing. We are very optimistic about being able to sell the rest of our inventory. 


Anyone interested in buying JMU ping pong balls!?!?

--> MONEY MAKER!

DR. WALES WANTED AWESOME THIS WEEK!

As you all can tell, we had huge expectations this week from our professor.

Our ping pong balls are all finally printed, packaged, and ready for sale!!

Despite our limited marketing efforts, we managed to make a lot of SALES in a few hours in the showker lobby!

Here is some feedback we have gotten from people:

"“What do I win?”- Janitorial Lady in Showker

“Finally something interesting to buy!”- Frequent Showkerer

“I like this, its sweet!”- Someone who would buy our product if they had money at the time. (We will be seeing this person next Tuesday)

We plan to continue to sell in the Showker Lobby next Tuesday, November 16, 2010 from 11 am to 2 pm.


We have full confidence that next week with improved marketing as well as a for flexible schedule for our entire group, we will sell out in no time!

 $$$$$$$$$$$$$HERE COMES THE MONEY!! $$$$$$$$$$$$$$$$$$$

Anticipation Builds For the Release!

We decided on a single design for the balls, which was based off a survey we took in class a few weeks ago. This will be the design printed on all of our balls. Last week we placed our order for 1,000 balls. It was VERY expensive, but we our confident that with our Amazing business skills we will be able to sell out our entire inventory at our original price of $5 for 6 balls. We do have some alternative pricing plans as a back up, but we hope that it won't come down to that.

Once our balls arrive we will actively push our product both on and off campus. Our main goal is to sell our balls at tailgating events. As the football season draws closer to its finally we are anxiously waiting for our inventory to arrive so we can make the most of what little is left of the football season. We hope that having alumni and parents around who have more money than students will help us sell more than just targeting students. Also, adding tailgating.. activities in the mix should hopefully cause our market to be more receptive to buying our product.

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---->

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!

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 COST, COMPLEXITY 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

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.