As our final Business Showcase is occurring on Wednesday (9th March), this will be my final individual blog post! :")
Since we are gearing up towards some internal changes as the module draws to a close, the past two weeks were mainly spent re-evaluating our strategy. We managed to talk to two schoolmates who are also interested in Little Dipper, and they have agreed to join us in a supporting team after the module ends. The core team has also discussed, and we are considering approaching kindergartens directly as a possible new sales channel. Additionally, we are planning to revamp and upgrade the Polaris box, after collecting feedback from customers. Of course, there are still many ways in which Little Dipper can expand and improve on. It is my wish that I can continue to do so even after the module, and try to push even more boundaries. Hopefully, I would be able to bring it to greater heights (or at least gain lessons out of trying to), especially once I am able to dedicate more time to grow Little Dipper after my internship ends.
As we prepared the slides for our final Business Showcase, there were definitely many things for me to look back on. From small achievements to obstacles, the past six months has truly been a journey full of ups and downs. However, through it all, I have gained lessons and new perspectives which I don't think I would have gained elsewhere. There were definitely things I would have done differently, but I think I can only say this with the benefit of hindsight. Overall, the experience has also honed some of my hard and soft skills. Since this is my final blog post, I thought it would be good for me to log down some of my key takeaways too:
Adaptability - We could be very prepared with a business plan and a timeline from the start, but our team had to be quick to adapt to many changes in our journey, both major and minor. Just like any business, I believe this is important for us to keep up with the market and any external factors as well. However, I think sometimes unexpected and unplanned changes can even be an opportunity that could work out for the better or give us unique perspectives that we have never considered. These changes also helped us to gain a deeper understanding of Little Dipper, our product, and the market - things that would not have been picked up on, unless we are actually running the business.
Product Development - A huge part of our journey is definitely centred around product development. I would think that this stage makes us different from the other ventures, as we had to put in a lot of thought to curate the toys that are beneficial to the child. A lot of research and external feedback channels were required in the process. I do think that more could be done for us to brush up on this portion later on, but I am quite satisfied with our team's attempt at it, considering it's our first time doing something like this. Additionally, I would say that I have finally understood the importance of having a clear mission and vision for the business from the start. It provides us with a guide of what we aim to achieve, an overarching goal - and our products aim to encapsulate the goals we hoped to achieve.
Strategic Planning - Small decisions like choosing to pilot one product type instead of focusing on an entire range immediately was very important. We were advised upon this based on our instructors' valuable feedback, and I think this was definitely a very crucial point. Even though we are targeting a very specific market with just one product prototype, it helped us to manage any insights and feedback better. I think it gives us more data-backed visibility as we generated marketing insights too. This gives us a good foundation to build off of, before moving on to other product types.
Marketing - Though I had prior experience in producing content, marketing for a product was a unique and fresh experience for me. Even down to revamping our logo and marketing collaterals, a lot of work is needed to build a strong brand. I think our team made a good first attempt, considering how we managed to reach out to micro-influencers and convert some sales, but there is definitely more space for improvement. Looking back, if I had the luxury of time and more capital, I would have pushed for more aggressive marketing. This is a huge plausible point for us to tackle as we move forward in the next few months.
Commitment and Dedication - Lastly, but most importantly, I have gained much respect for entrepreneurs through this experience. Even though this journey has only been a short six months, I recognise that a lot of discipline is needed to keep the business on track and roll out the plans. I really admire entrepreneurs who are running their businesses successfully beside school and/or full-time jobs as well, because it does take a lot of energy and commitment, especially down to the day-to-day decisions. Sometimes, there's a lot of inertia when I decide to do up marketing content or strategic planning after a long day of school or work, as it takes up quite a bit of energy. However, having deadlines for myself and keeping the goal in mind always helps. It's also satisfying and fulfilling to see the small wins after our plans have been implemented or pushed out. Though there were many long days and nights, I certainly do not regret any bit of it. Plans will always stay as plans unless action is taken. This experience has definitely given me more confidence in turning my ideas to reality in the future, and rather than simply planning ahead, I am more empowered to take action and be proven wrong from the process, rather than not take any action at all.
It has truly been a great run with the team, and I am incredibly blessed to have a very supportive team alongside me on this journey! Beyond the venture, they are definitely friends that I know I can count on. I suppose the last lesson is teamwork, as I would not have been able to see this through without a reliable team. Very thankful for all the good memories that we have made along the way as well, and really appreciate how far we have come from October!
Hope this blog post will inspire anyone who hopes to or have worries about starting their own venture :) I would also like to leave my socials here for anyone who would like to have a chat, always happy to share or learn more from others!
LinkedIn: www.linkedin.com/in/kerrianne-goh
Signing off,
Kerrianne :)
On Monday, our team had an urgent online meeting to discuss our upcoming plans and growth strategy. Nandika had brought up that some students had approached her, and were very interested in helping out with LD.
As our past few weeks have been very heavily reliant on manual labour, we felt that this was a great opportunity. We needed extra manpower to help out with our operations. As everyone's schedules are getting increasingly packed, we figured that it would be helpful to have additional hands. Hence, we wanted to align our interests internally before having a meeting with them as well. Our team aims to meet them next week, so as to understand what they hope to gain out of the experience as well.
Nandika and I also came up with a list of potential questions to guide our conversation with them next week. Thereafter, if our interests are aligned, we would hope to develop a job scope that would benefit them as much as it benefits LD. This will also help let up some time for our founding team to manage and organise any upcoming changes. Meanwhile, as mentioned in last week's post, I am hoping to pivot towards a more strategic role. There are still many opportunities for LD to grow, and I hope to see the ideas that I have in mind through.
Additionally, we also made more progress in our marketing posts. We had an additional media buy from Sunday to Wednesday, and we managed to successfully reach out to one more micro-influencer who had also posted about our boxes on her IG Stories. For now, we'll be putting a pause on our media buys as we hope to re-evaluate and do a stock take on our strategy and plans so far, especially as we gear up towards our business presentation.
As my internship is picking up, I had much lesser time to spend on Little Dipper this week. However, I am incredibly heartened that we managed to deliver our first playbox to Jill, one of the micro-influencers we reached out to (she's a radio DJ). She has a very adorable baby, and we were glad to hear that her toddler enjoyed her experience with the box. Our team intends to give her some time to explore with the different items inside, before asking her for a testimonial. She also kindly posted and shared about Little Dipper on her Instagram stories.
Since we launched our sponsored posts this week, we had a meeting on Saturday to discuss the insights gathered too. Overall, we realised that the reach was quite good, and we had about 200+ people who watched the entire video, which isn't all that bad at all. After the week, we got 2 genuine sales. This made me quite happy, but at the same time, I was hoping that we could garner more traction. I'm not sure if I'm having unrealistic expectations (and as an impatient person, I'm not good with waiting around), but I do hope to gear up and at least finish selling our initial batch. Nonetheless, our team decided to try out media buys with another two of our photo posts instead, for the next 3 days. During the meeting, we crafted another caption to give more comprehensive yet succinct details of the tools within the box. We wanted to give more transparency to the audience who have viewed the video, and experiment with photos too. Though we understand that videos theoretically capture attention better, we still wanted to test out different mediums by ourselves. Since there are so many factors at play, I hope to figure out what works best for our marketing strategy, which is most effectively observed through the insights and trends gathered. As we are just starting out, I would like to test my hypothesis that more comprehensive posts might be more attractive to a new audience. Particularly, given that parents are careful about what they get their toddlers, I wanted to capture our USP well. I believe that we would need another marketing shoot soon, as our content is getting limited.
Additionally, I have also been sending out emails to liaise with our customers. Thankfully, my teammates are available to deliver the boxes to our customers swiftly, which I am grateful for.
I also briefly worked on the feedback survey with Nandika. We intend to give some time for our customers to experience the playbox, before collecting feedback from them. I hope that these feedback will come in useful for us to continue refining our product.
Finally, I have also been taking some time to re-evaluate where we stand. As we are in the last few weeks of this module, all of our team members also have different hopes and aims that they wish to get out of this experience. Personally, I would want to continue running Little Dipper, as I believe it is still too early for us to get any visible answer or results from just a short runway of six months. Though the past five months have been tiring, I also feel quite fulfilled, and have taken away a lot from the experience. I think there is still much for me to learn. I understand that it would not be an easy road ahead, and I will also respect my teammates' decisions. I am grateful that our team can be transparent about our choices as well, and beyond LD, I have forged solid friendships as well. I greatly appreciate all that they have done for LD so far.
However, to cater sufficient time for any internal changes, I also hope to put more time and effort into developing a long-term strategy in the next few weeks. Through LD and other recent experiences, I have also learnt that my main strengths and interests lie in strategy and structure. Hence, I hope to channel these skill sets into constantly re-evaluating where we stand, and (hopefully) finding a way to help LD to scale. After observing different businesses, I have also learnt that keeping the big picture in mind is an incredibly important step. Often, it is easy to lose sight of the bigger picture when we are bogged down by the day-to-day details. Personally, I am of the belief that it is important to take stock, and spend some time listening and looking out for the signs or answers as well - especially if we are intending to pivot or take any new steps.
Photo: 2 orders so far :)
This week, I spent time editing the marketing videos. As our team is also planning to explore with the IG Story sponsored post in the upcoming week, I am also editing another version that fits the portrait phone screen, within 15 seconds. It is quite challenging to fit our whole message within just 15 seconds, but I think it will be quite effective in capturing the attention of users.
We launched our sponsored posts on Friday! I'm hoping that we will get some good results and insights. It is exciting to finally be pushing our products out.
Following up on the order form templates, I also drafted email templates that our team can send out easily. This will facilitate the purchase order processes. We have agreed to send out emails for order confirmation, liaise through SMS directly for delivery and self-collection arrangements, and then send out another email for the completion of orders.
Overall, the last couple of weeks have been quite tiring. Repeatedly churning out content has been a challenge, but I really hope that our team can do well at marketing.
Photo: Launching our ads!
At the beginning of this week, I spent some time refining the instructional videos as well. I am quite pleased with how they turned out, given the restrictions from our shoot. Though I wish we could have gotten more shots, editing the videos also made me more aware of what to expect for future shoots with babies, as well as what shots are important, and which are "good to capture". Ultimately, everything should tie back to our USP. Marketing is truly incredibly important. Even if we have put in so much effort in the product development stage, the hard work will not pay off if the marketing is weak. Hard work doesn't always pay off, but it's always interesting to see what else we can improve on and learn from the experience.
Hence, we have also decided to run A/B testing for our sponsored posts. I think this will be useful in helping us to generate insights on how best to promote our product, and to reach out to our target audience. So far, our following is largely limited to our friends and direct contacts. We will be using both Facebook and Instagram as our main channels. After gathering insights, our team will track them and make the necessary modifications to maximise outreach.
On Saturday, we also had a consultation with Mr Roderick and Ms Lili that was incredibly helpful. Our team managed to clarify our doubts on the parameters for our media buy plan. Moreover, we were also reminded of the importance of including critical keywords and highlighting our USP in our posts. I am planning to edit a marketing video for our sponsored post. It will be 4x5 to conveniently fit the phone screens of our target audience, and include shots of our playbox and the baby. Within the video, I will also succinctly describe the functionalities of our playbox, along with its features and the USP. Hopefully, this short and succinct video can help to capture the attention of our target audience. I also hope that our team can explore with different angles and messaging to reach out to different audiences, which was also suggested by Mr Roderick.
Finally, we "launched" our products on Sunday evening. However, I see this launch as an unofficial one, as we have yet to put up our sponsored posts to reach out to our target audience. This will be done next week.
Since Jiaqi had created the order form template, I also spent some time editing it to make it more intuitive for customers. Nandika and I will be the two touch points for self-collection, and we are both storing some products individually.
Photo: A playlist of the edited instructional videos. They are in an unlisted playlist, as only customers who purchase our product can access them. Here is a link for reference: https://www.youtube.com/playlist?list=PLwegv3FYVBTtKRRr6D-XBxWFOqZRS1nyM
This week, I spent most of my time editing the photos from our shoot, as well as the booklet. As Nandika had a friend who works on information booklets, she gave us some valuable feedback on how to improve on the layout of our booklets. This included the design and reducing the wordiness of the booklet, which we found to be incredibly useful advice.
I also edited the individual instructional videos and generated the QR codes to be included within the booklet. After a few revisions, the booklet was finally ready, and Grace helped to place the orders accordingly.
Additionally, after editing the photos, we managed to put out our first post and reach out to the micro-influencers we had sourced for. We were hoping to generate some interest in our brand before our sponsored posts. However, after our first post was put out, I realised that we did not present our USP very well. Hence, I decided to create a series of FAQs for our story highlights to supplement the information. While it is great that we took so many things into consideration during our product development, I found it difficult to narrow down our USP and explain the functionalities of our box succinctly, and also juggle reducing the wordiness of our posts at the same time. It's definitely true that marketing is both and art and a science, and I'm hoping that the next few weeks can help us to generate meaningful insights from our posts.
With so many tight deadlines and things to generate, this week was a bit of a challenge for me. Additionally, I am also aware of not letting our social media channels stagnate too much, since we are in the midst of building our brand reputation and image. It is quite draining to pump out so much content simultaneously, but I felt that I could have done a better job in terms of thinking through our posts more carefully. For example, I realised that if I had put more thought into the post, I would have realised that our first post did not flag out our USP enough. Though I feel that this was a lost opportunity, it was also a lesson learnt for us. It also taught me how to be adaptable and move forward, such as coming up with an FAQ to supplement our post. I got inspiration from the pages of existing home businesses, which I found quite helpful.
Photo: Sneak peek of our information booklets! Feel free to scan the QR codes to access the instructional videos :)
This week, I did up the shot list before we had our product and marketing shoot. Grace, Nandika and I met up on Saturday for a half-day shoot. Due to capacity limitations of our contact's household due to Covid, we decided to split up our workstreams, as we could only have 3 members come down for the shoot. Jiaqi and Danesha helped out with searching for the micro-influencers that we intended to reach out to.
As we predicted, we had limited time during our shoot with the baby. The marketing shoot lasted about 2 hours, and we had quite a number of items in the box to go through. With my bit of photography / product shoot experience, I was in charge of taking the photos. As expected, it was really quite a challenge because I could not possibly give the baby any directions or instructions. Most of the shots had to be candid and well-timed, and for each item within the box, I had both photos and videos in mind. This is because we require a variety of photos for IG and FB, along with our instructional booklet. Additionally, we also needed videos for the instructional booklet (accessible through QR codes). I was once again reminded of the importance of having a pre-planned shot list so that we would not leave out any shots in the process. Fortunately, Grace and Nandika were there to support me by trying to make the baby smile, and to prepare the items beforehand. The shoot would have been impossible to do alone, so I'm grateful for the support from my team members :)
As the baby was only 11 months old, she had a much shorter attention span. Thankfully, she seemed pretty engaged and enjoyed playing with the items in our playbox, which was heartening! This was important as the baby had to look interested for a successful shoot. Moreover, I realised this was also an indirect test of whether our resources were curated and selected well, as it was our first time passing the items to a baby. I am especially grateful to Nandika's contact, Zee Yun, who was incredibly helpful and enthusiastic in volunteering for the shoot. Additionally, she gave us some valuable feedback on the items in our playbox. Generally, she had quite a positive response to the box, and she also has some experience in the early childhood education sector. Her main feedback was that some activities (like threading and oobleck) were more suitable for slightly older babies. However, this is still in line with our target group ranging from ages 1 to 2 years, and her baby was slightly younger. Hence, we decided that it would be clearer for us to add in that detail into the instructional videos too.
Moving forward, she was also very willing to share her experience with our playbox to her peers. Though we had made our first post of LD's logo on our IG/FB and managed to garner some following from friends and family, we hope to slowly reach out more to our main target audience, especially through boosting our marketing through targeted ads.
For the next few hours, we had a team Zoom meeting and our product shoot. This included a flatlay and pictures of the individual items in our playbox. Since we had more time and the items were inanimate, I was more confident in shooting the items in our playbox.
During the Zoom meeting, we selected the key micro-influencers to reach out to in the upcoming week, finalised the price of our playbox, as well as discussed the arrangement for preparing our next batch of boxes. We have decided that we would reserve a few boxes in this initial batch for micro-influencers that are potentially willing to help us promote LD, and we also gave one unit to Zee Yun out of appreciation for her time and support. Since we only have 10 units prepared in our initial trial batch, we intend to use the remaining to test out our marketing and sales. Following which, we will try to engage our customers directly to find out what can be improved, while developing our second batch concurrently. We also hope to research on Alibaba, and hopefully further reduce the cost per unit and increase our profit margins.
In the next week, I will be editing the photos and videos from our shoots. I am confident that they will turn out well. I foresee that we will need to have more shoots in the future to constantly pump out content. For now, it is fortunate that we can save some cost and make use of our team's skills on the marketing front. In the future when LD stabilises, I believe this can be outsourced too. I will also be working with Nandika in revising the information booklets. We actually ordered a sample to use for our product shoot, and it looked good. However, we feel that some things could be touched up on and refined further, such as making it less wordy and more engaging.
After reviewing the raw photos, I'm quite happy with how the shoot turned out, and am very excited for sales to begin :) On a sidenote, I can't believe it's been 4 months since we conceptualised Little Dipper. I am still quite energised and determined, but looking back, I realised this is just the beginning. The entrepreneurship journey is truly like a marathon, but each milestone has taught me something different, and made me learn a lot about others, the business, and myself. I really like that entrepreneurship is also about personal growth and development. Being someone who likes to dabble in different areas and pick up random skills, I am quite glad that having basic skills in photography and design has been useful too. I am grateful that our team works well together, and everyone has their own strengths. I have come to appreciate and maximise others' strengths more, and I am happy that our team is developing together. While the semester has once again started and we each have our own commitments to juggle, we are determined to stay committed as a team!
This week, I finalised the design of the information booklet. Only the QR codes and photos are left, which will be included in the booklets after our product shoot. We will be sending one copy to print as a sample to be used during our product shoot.
Moreover, as our previous contact was no longer keen in having the shoot, I reached out to Ms Shai to see if she had any recommended contacts for our product shoot. As detailed in our team blog, we were worried that our whole timeline would be delayed. Thankfully, Nandika had a contact, and we will be filming with her on 15 Jan. I will be in charge of the photography and videography.
We also had a team meeting on Saturday, just to firm up the details of our shoot, and our marketing plan moving forward. We managed to have our first post on Instagram and Facebook, and we intend to get some friends to follow the accounts. Hopefully, this will help us to gain traction before launching targeted ads. It is indeed an exciting time as we move closer to launching our products!
Photo: Sneak peek of the cover from our booklet!
Step 1: Packing our kinetic sand and oobleck mixture after weighing them!
Step 2: Splitting the pom-poms and the books!
Step 3: Cleaning up the ink pads and repacking them.
Step 4: Splitting all the bristle blocks.
Step 5: Decorating our Little Dipper "Polaris" boxes ~
On Monday, our team met up and we had a lot of fun packing our first 10 units! The products actually looked a lot better than what we had in mind, and it felt very satisfying to see our artistic vision become reality. We are left with a few final touch-ups like the logo stickers and the information booklets, but other than that, the boxes look great. We started packing in the evening and were done with everything by midnight, and I felt quite happy that everything was coming to fruition. It was cool to be physically holding our product boxes that we have brainstormed on for so long, from consulting experts to carefully selecting each item that would go inside, and designing the booklets and logo.
Firstly, we started by weighing the kinetic sand and oobleck mixture. I had the idea of packing them in plastic bags that we could package neatly in the cheap boxes that we got from Daiso, and we were pleased as they turned out to be quite presentable. This took the most time as we had to weigh them and individually package them. We also added glitter into the corn starch, so the parents can add water into the mixture directly to create oobleck for the infants to play with. As for the kinetic sand, we provided three different colours of 250g each, which is more than sufficient for the infants to play with. Since the kinetic sand came with toy moulds, we split them into the different boxes as well.
Secondly, we split the pom-poms and the books as well. The pom-poms will be used for frozen pom-pom exploration, for infants to learn about the different textures.
We also have all these tied into a theme with The Hungry Caterpillar, which we managed to get from an affordable local supplier!
Thirdly, we also provided ink pads for finger paint for the infants. There is a variety of colours. Some of them came a little dirty, so we repackaged it and cleaned it up before packing them in as well.
Here's Lucky, Nandika's dog, joining us in the process :)
Fourth, we organised the bristle blocks and repacked them as well. Each product unit will have an assortment of bristle blocks. Most of our products are very colourful and bright, so as to ensure that the infants can recognise different colours, especially primary colours. This was also the advice given by Ms Belinda, which was very useful when we were selecting our products.
Lastly, we used a toothbrush and metallic paint to create a visual of the night sky on the black boxes that we ordered. All the toys are packed within. We still have the stacking cups that will be arriving next week, but other than that, everything is within the boxes.
We also had a meeting at the end, and we settled on a range of dates to hold the product and video shoots. They should be done pretty quickly, and we'll send the information booklets for printing immediately after. The QR codes will be placed within the information booklets, so that parents can scan the codes and learn how to use the toys and conduct activities with their infants in just 20 to 35 seconds (as suggested by Ms Shaireen!). This will help tired parents, and our hope is that our all-in-one box can help them to lighten the load of parenting and entertaining their infants.
I have also ordered the stickers with our new logo, which will arrive by next week. We will then stick it on the top of our box, as well as the tissue paper that we have lined the box with. We chose blue tissue paper to line the box, replicating the sky-infant-like visuals that we were going for.
Overall, I really like how our box turned out, both conceptually and visually. We really kept true to the brand that we were trying to go for, and the experts that we consulted gave us many useful inputs along the way. I believe that this box can truly value-add to the market and children's development as well. I have learnt a lot in the past few months, and it is nice to make things happen. I am very thankful to have dedicated team members and friends that work very hard beside me to make our vision come true :) Excited for what's to come in the next 2 months as we push even harder to finally push these out into the market! Though I foresee challenges ahead, I believe our team will push through and continue to strategically tackle any obstacles.
This week, we did our individual tasks in our own time, while waiting for the remaining items to arrive. Additionally, I designed the logo and instruction guide to be included in our boxes. We will be finalising the content and placing orders for the printing. The logos will be laminated paper stickers pasted on top of each box, and we intend to have the instruction guides be about A5 sizes.
We will be meeting up physically next week to pack the boxes. In early January, we will be filming and editing the marketing collaterals. As I have some experience with photo and video shoots, I will be filming and editing our content. Thereafter, we plan to push out marketing and targeted ads vigorously. This will assist us in our A/B testing and give us more visible results that we can work with, fool-proofing our strategy.
Photo: Our new logo that I designed! Our information booklet will also look similar, so that we can maintain a consistent visual branding.
The items that we have ordered for the first 10 units have started to arrive! I have also placed orders for the packaging from Packink, and our team have also discussed on how to package the items. We hope to create playboxes that are visually pleasing, on top of them being functional.
On Friday, we met up to purchase the remaining items for the boxes, particularly the items for the handmade oobleck and the packaging for the kinetic sand. We took a while to discuss which items to purchase as we wanted to minimise the unit cost of each box. Eventually, we managed to find something aesthetically pleasing that could store the kinetic sand, while maintaining a fairly low cost.
We also discussed further on the redesigning of our logo, as well as the instruction guide to be included within the boxes. We have split up the tasks for the storyboarding and designing of the collaterals, which I will be working on together with Nandika over the next week.
This week, we focused on having meetings with our experts in order to confirm that the items that we have shortlisted for our playbox are beneficial for the infants. We met up with Fedore, Ms Belinda, and Ms Shaireen. Within each meeting, we received feedback for each item. Fedore suggested some books that we could consider including in the boxes, and we decided that it would be interesting to make our playboxes themed. We would tie in each item within the box to the book included, which can also differentiate us from potential competitors. Secondly, Ms Shaireen gave us some ideas for the handmade items that can be included in our boxes, which we intend to include as well. Lastly, Ms Belinda gave us valuable insights on safety instructions and how to better phrase the content in our instruction guides. Learning from our early childhood education experts is truly an eye-opening experience.
Thereafter, we also had team meetings to shortlist and finalise the items to be included in the boxes. Based off the Excel sheet that I had created with the Shopee links, we managed to search for cheaper sources and placed our orders for the first 10 units as well.
Photo: Buying all of our products!
As we were preoccupied with our final examinations last week, we did not manage to do much. However, we managed to reach out to a few toy warehouses this week, and headed down to visit 4 locations on Thursday.
Toy Tag
Toy Tag had a lot of high quality products that were made of wood or recycled materials. Most products were from Hape or B. Toys. Hence, this contributed to the high cost prices. As we were looking for cheaper products, we did not choose many of the resources from this location, since they would greatly increase our costs. However, it was a good location to give us a sensing of what we should look out for, and we did not want to compromise too much on quality as well. This is because our products still had to be baby-safe, especially for young infants.
Tai Sing
In contrast to Toy Tag, Tai Sing had many cheap products, but did not meet the quality that we were looking for. Most of the products were messily packaged and were not very well-made. The plastic used did not seem safe enough for infants. Moreover, the website and the physical store both did not list their full range of products. Hence, we were not very inclined to get our products from this location.
Sintat Toys
Sintat Toys took us by surprise, as they had quite a variety of infant toys. Moreover, the storeowner has experience working with students and supplying resources, and was fairly keen in working with us as well. Additionally, the cheap prices and decent quality were attractive points that we were hoping for.
T for Toys
Lastly, T for Toys was our most promising location. It was a relief as it was our last destination that we had managed to pick out online. T for Toys was a huge warehouse with a large range of products, and we were able to shortlist quite a number of resources that we wanted from T for Toys. Thereafter, Nandika also reached out to the owner of T for Toys to understand the current stock and price range.
On top of that, I managed to research for some Shopee products during our lunch break, and we realised that it was also a feasible way for us to get our products at a cheaper price. The reviews could also give us a good gauge of the quality. We also wanted to handcraft some of our items in the eventual playbox, as this was also a way for us to differentiate ourselves from our competitors. Through our discussion, we decided to use a combination of Shopee and T for Toys/Sintat Toys' products to create our first batch of playboxes. In the upcoming month, we plan to run our shortlisted products by our early childhood education experts, and start ordering the relevant items and packaging.
On Saturday, we also had a meaningful discussion with Mr Adrian and Mr Roderick, which helped us to have a better understanding of our project. I felt that it helped us to recalibrate our direction and taught me to reconsider some of the points that we had previously missed out. For example, we have since decided to narrow down the playboxes that we are offering to just the 13-24 months' box for the first batch. Taking Mr Adrian's advice into account, we felt that this was best as we could concentrate our marketing efforts, and increase the quality of our initial units first. By placing more resources into the R&D phase, we hope to gain better traction for our brand, and to test the price point and marketing efforts first. I am excited to see how our next few months will turn out as we pick up our pace.
Photo: It was pretty cool visiting T for Toys. It was a huge warehouse of toys :)
On Sunday, I managed to arrange a Zoom call with our second expert, Ms Shaireen. She had replied to my email and agreed to give us some advice. During the call, I learnt that she was interested in our cause, as she felt that it was helpful and indeed a market need. This was incredibly heartening to hear from an educator. With expertise in curriculum development for our targeted children age group, she gave us a lot of inputs. Like Ms Anthony, she was very agreeable to the child developmental milestones we had researched on. On that aspect, I think we have nailed down the key milestones, and they should not be a problem. However, there are certain nuances that we could take into consideration.
Firstly, I understood that the child development milestones should be viewed in a continuum, rather than a mere checklist. Simplifying it into a checklist would greatly limit the child's potential and add to the parents' worries, as the development of every child spans across different timings. Moreover, Ms Shai also reiterated that we had to focus on the parents, who will mostly be occupied with parenting. She suggested that instead of making guidebooks, we could make short Tiktok-like videos that could engage parents visually. This would be simple to follow. Additionally, she also pointed out that quality of engagement was more important for young parents and their children, especially in the age group of birth to 2 years. 10 to 15 minutes daily was sufficient, but we had to consider that children might get bored of the items over time. She suggested that we could use more household items as well, and that our playboxes should be cheaper. Lastly, she also pointed out that we could potentially sell the playboxes to kindergartens and childcare centres instead. This was because most educators are already short-handed, and often DIY their own toys to engage children.
I really appreciate all the inputs from Ms Shai, as she was very willing to share her vast experience as both an educator and parent. It was good for our team to understand the emotional needs of young parents too. We really liked the idea of making videos, and we might consider including them as QR codes in the booklet and reducing the words in it. However, we also noted that kindergartens do not target the child age group that we would like to (0-2 years), and childcare centres might not be willing to pay higher prices. While we may look into adapting some household items, our foremost consideration would also be to preserve the value of our boxes. As parents would pay for our products, we hope to sell them the convenience and credibility of a reliable playbox with helpful parenting information. I believe we should not compromise on the quality of materials used. I do understand that cost price would be a concern, and certain household items being incorporated could bring down cost while also being useful. Hence, I am open to exploring the possibility of having a product mix of both toys and household items, depending on the milestones we want to target.
After the expert meeting, our team discussed further and planned a date to go down personally to the toy warehouses we have chosen. Hopefully, this will help us to have a better sensing of the prices of toys, and we can consolidate all the feedback we have got so far from various perspectives. Thereafter, we can come up with a better pricing model, activities for the infants, as well as shortlist the right toys. By then, I aim to come up with the prototype boxes.
This week, we have managed to arrange a Zoom call with our first expert, Ms Angela Anthony, from ECDA. During the Zoom call, we explained the developmental milestones and products we had in mind. Hearing from the perspective of an educator with Early Childhood Development expertise was enlightening, and I realised that while we placed a lot of emphasis on the products, we also had to consider that these tools are meant to aid parents. The toys itself would not be useful if we failed to engage the parents in using it to play with their child. Hence, for our toys to even be effective, we should think more from the perspective of a young parent who is already facing a lot of responsibilities.
While we always knew to think in the perspective of the customer to figure out their needs, I realised that we could have been more intentional. From now, I intend to work on consulting more experts and consolidating the feedback, before coming up with a more concrete guidebook that can aid parents. These guidebooks will be added in our playboxes as well, explaining the toys and particular activities that can be carried out.
From the feedback, we have also narrowed down our focus to certain key milestones that we hope to target. Moreover, we made some slight adjustments and reduced the number of infant boxes. We combined 0-6 months into one box, and 7-12 months into another, as we have noted that infants' growth at that time period is very fast. This will also help us to come up with better quality boxes and drill down on selling a smaller range of boxes first.
Thankfully, we have managed to get about 3 experts on board currently through Nandika and Grace's connections.
As I hope to put our best foot forth in engaging our experts, I spent some time drafting up a Statement of Work for our experts, so as to clarify our engagement terms. I hope that we can set up meetings with each of them individually after finals and understand their concerns, while getting to know them better as well. I am honoured and grateful to have our experts on board with us. Hopefully, once we have the meetings and have ensured the alignment of terms, our engagements will be smooth.
This week, I sent out our market surveys. However, as we are not reaching our target audience very effectively, I am looking into exploring other platforms such as parent support groups on Facebook. Hence, we will also be setting up a Facebook account.
Moreover, we had a meeting on Saturday to have a quick check-in. As the finals exam period is approaching for us, we will not be able to dedicate as much time. Thankfully, we've set up most of the foundational work for our efforts after finals. We will be taking the next few weeks to touch up on certain tasks such as sending out the surveys, doing more research for the developmental milestones, and confirming our experts.
This week marks the first week that we're on our own since the business pitch! Our team was incredibly excited as we filed for the LLP under BizFile+ and finally had Little Dipper registered on Monday.
On Tuesday, I sent out the emails that we had prepared to different NIEC and NIE lecturers, in an attempt to establish key opinion leaders. As expected, I don't think our replies will turn out extremely promising, since we have nothing to offer. Moreover, it is hard to reach out to them in-person with the worsening Covid situation. Hence, our team has decided to take an alternative route and seek out potential experts through our connections instead.
Additionally, I spent some time doing market research this week as we were still deciding on which market to target. Initially, I was looking into Southeast Asian markets like Indonesia and the Philippines as they can potentially bring higher profit margins. However, I think that our team is not confident in immediately penetrating an overseas market without anyone on the ground personally. It is harder for us to establish connections, and to have sufficient outreach. Although it is definitely part of our expansion strategies, we ultimately decided that it might be better if we start by establishing a firmer base in Singapore first. It gives us more leeway to be in control of operations and marketing.
I also sourced for people who can potentially help us to design our website. As we will be busy with finals, we plan to outsource the job, if possible. This will give us more time to focus on marketing and product development.
On Saturday, we also had a meeting to discuss our research and finalise on the market we are entering. We also gave each other progress updates and created a survey. We'll be sending out the surveys within the next week to ascertain market demand.
So far, my job as the COO and managing stakeholders has been rather interesting and fruitful. We're also looking into establishing our suppliers for the playbox resources soon.
Photo: We're finally registered!
This week, we held multiple meetings throughout the week to iron out the details and finalise our business plan.
I was in charge of writing up the Development, Milestones & Exit Plan section. As I charted out our future milestones for the team, I was reminded once again about the importance of planning ahead, especially in an entrepreneurship journey.
I also helped to ensure our business plan was cohesive. Working together with the team was great, as we could probe each other on potential gaps within the plan, making it much more cohesive. As we put the plan together, it made the business feel much more executable, and our next steps much clearer. It is exciting and empowering to think that our idea would turn into a reality in the next few months.
On Saturday, we had our business pitch with the other teams and Mr Roderick. It was insightful to hear the feedback and plans of other teams as well. We were advised by Mr Roderick to immediately target the Southeast Asian markets rather than the domestic market, which made more sense as we could retain higher profits. This is crucial in making our business more sustainable and feasible.
Based on this feedback, we will continue to refine our plans and start executing immediately as we are working on a tight timeline. I will do more in-depth market research about the potential markets we could enter first -- as of now, I believe Philippines is a good market with increasing birth rates and lower costs. However, I foresee that we would have to iron out the shipping details and costs for our products.
Moving forward, we should start to source for and order our playbox resources soon, as the lead time might be longer than expected. I hope that we can reach out to our early childhood education experts by next week.
Photo: Planning our project timeline!
After countless meetings to decide on our venture idea within the first week, we finally decided on something feasible -- our playbox resources idea. Even though we had other good ideas, we felt that they were either too difficult to execute, or did not suit an entrepreneurship venture. We also had to consider our limitations in starting capital. However, I am incredibly excited to commit my efforts into growing Little Dipper together with my trustworthy team.
After deciding on our idea, we reconvened in the second week to update on the progress of our research. This process made me feel more confident about our idea, as I found key opinion leaders that could support our idea and that there were limited competitors within the Singaporean market.