Expansion of beauty supply business to online market
Vincent
Chililabombwe, Zambia
153% paid forward
Entrepreneur
Name
Vincent
Member since
November 2023
On-time repayments
5 installments • 20%
About Me
Hello. My name is Vincent Banda, I stay in Chililabombwe in Kamenza eats. I was born on 12 June 1997, in chipata province where I grew up from and from there I went to Ndola and did mechanic engineering at NOTEC , after that I was able to shift in order to stay on my own in chililabombwe where I started doing hair business buying from kasumbalesa selling in chililabombwe.
In the business I have been able to raise some encouragement from other people on how to grow around the CBD of chililabombwe. This has made me have more knowledge on how I can have my business stand.
My Business
I raised my my business income from the work I was doing when I was doing attachments at school. I was able to save money for business though hairs business was not in my mind but it came when I saw it being profitable and I started from there.
Project Proposal
Our beauty supply business, Beauty Hub, aims to expand its reach by launching an e-commerce platform, providing a wider range of products and services to our customers
Beauty Hub is a established beauty supply store with a physical location, offering a variety of beauty products and services.
The beauty industry is growing rapidly, with an increasing demand for online shopping
- Develop an e-commerce website and mobile app
- Increase product offerings by 50%
- Implement a loyalty program and online promotions
- Partner with beauty influencers for marketing
MARKETING STRATEGY
- Social media marketing
- Email marketing
- Influencer partnerships
FINANCIAL PROJECTION
- Revenue increase by 30% in the first year
- Expenses: website development, marketing, and inventory expansion
- Projected profit: k33000 in the first year
The expansion of Beauty Hub to the online market will increase our customer base, sales, and profitability, ensuring long-term growth and success.
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Project Info
Project Type
Pay It Forward
Disbursed amount
$22.00
Date disbursed
Jun 18, 2024
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Backers
Ames, Iowa, United States
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