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SWOT Analysis

  • Customizable product

  • Easy to navigate website (For a busy mom that doesn't want to spend too much time online and for kids that want the product)

  • Consistent Concept: EASY.

  • Fun, youthful, colorful product: Attractive to young kids

  • 3 people company: Fast decision making process

  • Good public reception: 400% Kickstarter campaign.

  • Innovative Business model for Furniture: Online Sales

  • Youthful brand by youthful people

  • Adaptive website: available for cellphones

  • Completely produced in the U.S.

  • Family Activity

  • Safe for children

  • FEDEX and UPS packaging approval

S

  • Low traffic to website: ranked #7,196,345 in the US

  • Expensive product: compared to other options in the market: Futon for half the price.

  • Limit to the customization: Can change colors but cannot order just a mat or a pillow.

  • Cannot try it before buying it

  • Little and arbitrary social media presence: They have a twitter account with 244 followers and are relatively active. They have a facebook page with 305 followers and no consistent activity. Cannot find mention of the Nugget on Blogs.

  • Only ships to the Continental U.S.

  • No diversity in the team. 3 white guys. No Moms

W

  • Moms are spending more time on mobile devices and doing shopping through mobile devices (http://www.inmobi.com/blog/2014/04/29/connecting-with-todays-super-consumers-mobile-moms)

  • Data shows that location based advertising helps moms make decisions: 69% claimed that mobile ads have helped them find something nearby, while 50% said mobile adverting has influenced in-store purchase decisions.

  • 100+ Family events in NC just in the reminder of 2016

  • Different target demographic: Millennials - According to a survey released by Furniture Today’s Consumer Buying Trends, 37% of all furniture and bedding purchases are made by millennials. This figure is only expected to increase over the next few years as more millennials come to an age where they are investing in home ownership.

  • New Pixar Movie coming out in 2016: Viewing event with children sitting on nuggets.

  • Continuous trend in offices towards collaboration: moving away from cubical segregation into a more open working environment.

  • Studies reveal that over 22,000 kids suffer furniture-related injuries annually (https://www.cpsc.gov//PageFiles/108985/tipover2011.pdf)

  • Storytelling advertisement on the rise

  • Recommendation programs: According to Nielsen, over 90% of consumers trust recommendations from friends and family.

  • Buying locally is a rising trend among millennial moms: By buying locally, Millennials believe that they can support not just their local businesses and farmers, but also their local economy.

O

  • User privacy concerns at all-time high: Security breaches are undermining users' trust on online purchases.

  • Election year: Media is focused on something else

  • Rising number of millennials going back to live with their parents

  • Environmental concerns: LDPE is not recyclable (http://www.sustainablebabysteps.com/types-of-plastics.html)

  • Best Seller Futon on Amazon is less than half the price

  • Click and Collect trend on the rise: Buy online but pick-up at the store

  • Consumers prefer more options for paying online (Paypal, etc...)

T

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