Onyxx Band
Onyxx Band is a training device that will allow basketball players to track their shots made/missed while practicing and the exact locations of each attempt.
- Stage Concept Only
- Industry Sports
- Location Tampa, FL, US
- Currency USD
- Founded July 2015
- Employees 2
Company Summary
■ Purpose- To be a leader in the sports technology industry by providing a technology-based product to enhance basketball training.
■ Vision -To provide a quality product that exceeds the expectations of our customers, aiding in one’s shooting abilities.
■ Mission statement
By making basketball interactive with technology, Onyxx Band will revolutionize the way basketball enthusiasts train. Onyxx Band is designed to be helpful, fun, and competitive for players of all ages and skill levels. It will assist users in maximizing their shooting accuracy, and improve their skill level on the court. Onyxx Band will allow users to interact amongst one another by using social networks (Facebook, Twitter) to upload their results and highlights. Using this product will allow basketball players the means to reach the next level, by indicating their weaknesses so that they know what to improve on in order to make them a better basketball player.
•An equally important mission of ours is to have a positive impact on the youth, and increase their overall fitness through physical activity. Onyxx Band intends on partnering up with the YMCA and the Boys and Girls Clubs of America with the mission of attracting youth to these healthy environments, where they can be physically active, build lasting friendships with other kids, and learn to love a sport
■ Core values
• We believe in treating our customers genuinely and with respect• A commitment to innovation & excellence • A commitment to helping • Providing a high quality, highly efficient product to our customers • Providing quality service and assistance when needed • Having our product readily available and easily accessible to customers • Making sure our product is available to customers at a reasonable price
■Goals
• To eventually develop Onyxx Band for various sports - Making the product for sports like football, swimming, golf, baseball & softball will increase customer base, exposure, and sales.
• Limit production costs- Find or create product for high efficiency while limiting production costs.
• Become a reputable product within professional sports and beyond. A technology used by professional and college athletes will increase exposure and sales.
■Financial Considerations
Initially, the wristband and shot sensor will only be sold together, for a wholesale price of $149.99. This price will be available to our customers on our website and directly from our company. Retailers are expected to provide our product to customers at an estimated 50% mark-up, to ensure profit for their stores.
We will have an initial cost of $600,000 and will break even once 5,000 units are sold. Onyxx Band’s projected income is an expected revenue of
$690,000 per month, totaling $8,330,000 in the first year.
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