INDIANAPOLIS – The Butler University bookstore sells its mascot on coffee mugs, Mason jars and shot glasses. It hawks the Butler Bulldog on earrings, scarves, T-shirts and seat cushions. It boasts bulldog stickers for your face, for your car and for your wall.
And, of course, the bookstore stocks snuggly stuffed animal bulldogs by the bucketful.
But what the bookstore didnt sell, students noticed, was anything like a Pillow Pet, a popular plush toy that lies flat as a pillow or folds up into a stuffed animal.
An idea for a class project – and a retail business – was born.
A team of Butler students created the Butler Bed Buddy, a jersey-wearing bulldog pillow modeled after the universitys former beloved mascot Blue II.
Ive never written a business plan before, sophomore Michael Mueller, 19, told The Indianapolis Star.
But the Butler Bed Buddy project meant they needed to come up with one in a single semester – finances, marketing, logistics, everything.
They pitched it in a required introductory class for business students, called Real Business Experience. As its straightforward name suggests, the class has all business students launch their own startup.
I didnt know where to start, said sophomore Emily Sparrow, 19.
They brainstormed a plan and turned to Google to find a manufacturer. Proposal in hand, they asked the school for a small loan and placed an order in China.
It was a big shot in the dark, Mueller said.
What if it was wrong? Sparrow said.
But the samples showed exactly what they wanted: a light-colored bulldog sporting a blue jersey, complete with the official Butler University logo. He lies flat in a square on his tummy or folds up onto four legs with a strap. His eyebrow can flip up or down, making the huggable plush dog look fierce or friendly.
The students had to get licensing permission to use the Butler logo and were careful not to infringe on the trademarked Pillow Pet name. Butler vets the business class proposals, which operate under the schools insurance and tax umbrellas.
By the time the first shipment arrived, the students had presold enough Bed Buddies to cover their costs.
Word spread. It was nuts, Mueller said.
They sold dozens to their friends and families and made sure Butler President Jim Danko had one, too.
The cuddly pillows became one of new mascot Blue IIIs favorite toys, along with basketballs and cardboard boxes. He lunges for the pillows and likes to chew on them.
He thinks all the Butler Bed Buddies belong to him, said Blue IIIs caretaker, Michael Kaltenmark.
The students hit another surge of sales when they started tying pink, blue and basketball-patterned ribbons around the cuddly animals.
If you know someone who likes Butler or went to Butler, its automatic, Sparrow said.
Still, there were plenty of tough business lessons, such as how long it takes a shipment to travel overseas and how expensive it is to send items from Chicago to Indianapolis.
Marketing, the four students agreed, became the greatest challenge. How do you sell to students on limited budgets, and how do you get the word out to Butler fans outside campus?
It really was a roller coaster, Mueller said.
Theyre still thinking up ways to plug their product, including, perhaps, sending one to former Bulldogs basketball coach Brad Stevens, who now coaches the Celtics in Boston.
The Bed Buddy project has churned out big numbers: After almost two semesters, the students have sold hundreds of Bed Buddies and stand to take home more than $10,000 in profits.
They did so well that other students in the Real Business Experience classes are looking to them for tips.
We just started building a company, said junior Sarah Grace, 21. Not many college grads will be able to say that.