According to the survey, There could be at least 40,000 potential customers who are not satisfied with their height in a city with the population of 500,000. (the people who are below the average height will be more in need as they live among taller ones).
1. 500,000 (total population) / 2 = 250,000 (male).
2. 250,000 (male) / 3 = 83,300 (approximately one-third of men are the aged between 18 and 50).
3. 83,300 / 2 = 41,700 ( Men who are not in their ideal height aged between 18-50).
A city with a population of 500,000, there is a urgent demand for height increasing shoes for at least 41,700 people .
Each person intends to buy 2 pairs of height increasing shoes per year in average. When there are 10% of customers make the move,you can sell
8340 pairs per year.(41700x10%x2 = 8340 pairs)
We earn 100 dollars for the profit from each pair,
the annual profit can be 834,000 US dollars or more.
What are the aspects of the heightening shoes market prospect?
Growing demand: Height increasing shoes have become increasingly popular in recent years, as more and more people are looking for ways to boost their height and improve their appearance. This trend is expected to continue, especially among younger generations.
Rising interest in fashion and style: As people become more interested in fashion and style, they may be more likely to invest in heightening shoes as a way to enhance their overall appearance and make a statement.
Diverse target audience: Height increasing shoes can appeal to a wide range of people, including men and women of different ages, backgrounds, and professions.
Improved product design and technology: Advances in product design and technology are likely to lead to more comfortable, stylish, and affordable heightening shoes, making them more accessible and appealing to a wider range of customers.
Health concerns: Some people may be hesitant to wear height increasing shoes due to health concerns, such as back pain and discomfort. Brands need to address these concerns through product design and marketing efforts.
Competition: The market for height increasing shoes is becoming increasingly competitive, with many new brands entering the market and offering
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