Royal’, Software has begun an ambitious plan to develop a new product, Royal’â€™s inventory basic–a scalable inventor software product. Pursuit Solutions will distribute the new product. It is due to launch in May.
Pursuit Solutions, a $50M company hardware integration reseller will distribute Royal’s Inventory Basic to more than 1,100 Valued Added Resellers. The product will sell for $2,499. Royal’’s Software will get $1,250 per unit. Pursuit Solutions is expected to sell 250 units in the sixth month. It is projected that Royal’s Software will gross $313,000 from sales the first year.
Support and product modifications will play a crucial role in software sales. Royal’’s Software expects to make $63,200 in product modifications by the end of six month.
Royal’s Software has also entered into a business deal with Pursuit Solutions and Johnson and Roe to create a MAS90 data collection interface that can be sold to accounting firms. This software product is in development for the past ten month.
John Royal, Dan Whiteaker and other key players in the product development process. MAS 90 will not be sold as a single product. It will come with software customization ($2,000-$3,000), which Royal’s Software will provide. This software product can be purchased for $2,500
Royal’’s Software will be paid 1/3 of gross sales ($833). It is projected that Royal’s Software will gross $500,500 by May of next year from product sales and customization services.
The two co-owners of Royal’s Software, John Royal and Dan Whiteaker, will each invest $50,000. In addition, the company will get a $100,000 short-term credit.
Royal’s Software aims to achieve the following:
- Establish the company as a leader in inventory software products.
- Increase sales by 20% every year
- Each year, create one new product in your inventory.
Royal’’s Software has one mission: to develop inventory software that is affordable and scalable so customers can easily modify it.
1.3 Keys for Success
Productivity and ability to deliver products that meet user specifications and needs on time.