Business Strategy

Business Environment 

The market as it stands now is mostly saturated by both supplement and product service system businesses. This presents a challenge in that customers have an elevated standard of value and furthermore supplement consumers have their pick of many options. However, in both fields there are a plethora of low-quality offerings. Our objective is to leverage this lack of quality services and products by providing education, guidance, and a safe purchasing environment for our customers.

 Market Positioning 

VitDaily is intended to be positioned as a helping hand for supplement consumers of all demographics. We intend to be the centerpoint of our customers’ supplement experience. We intend to cater to a range of consumers and allow for increasing levels of specificity in the type and number of products in use.  

Value Proposition 

    • Reliable supplements from prescreened brands 
    • Community access with other health enthusiasts 
    • Consistent dosing 
    • Hassle free travel 
    • Data driven advice 

Financials 

    • Basic subscription: 25 
    • Premium Subscription: 45 
    • 10% sales commission from partnered manufacturers (Below market average for supplement companies) 
    • Both subscriptions offered with annual pricing for a 15% reduction (helpful for retention and funding growth) 
    • 6 moth lock in period for both monthly billed options 
    • 1st month is free with all of the subscription options 
    • Token system for customer ecosystem 1 per € for Basic 2 per € Premium 

Expansion 

    • Improvements to pill tracking, per pill counting 
    • Increased physical product range with larger sizes to accommodate superusers 
    • End goal of selling own supplement products for guaranteed quality and higher margins (requires sufficient scale) 

Value Proposition Canvas

Pricing

Standard

Monthly subscription

20 per month

One month free trial

Access to the VitDaily Community

One token per euro spent

Yearly subscription

204 per year
15% cheaper!

Premium

Monthly subscription

€35 per month

One month free trial

Unlimited daily reminders

Access to chat with health professionals

Extra tokens in customer loyalty program

Yearly subscription

€357 per year
15% cheaper!

Business Overview IDEF0

IDEF0 is used to design a model of the actions, decisions, and activities of a system in order to give an overview to the organization. Here it was used to give an overview of the business.

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