Entrepreneur
Name
Doctor
Member since
March 2016
On-time repayments
169 installments • 21%
About Me
My name is Doctor Sakala, I am a male Zambian citizen,aged 41,married,with two children. I am a native, from Chipata district of the Eastern Province of Zambia. My old aged parents are Ganizani Sakala (father) and Tilabilenji Phiri (mother). I didn‘t finish high school due to financial constraint my parents were passing through,who could not afford my school fees as a result I stopped my education in the 12th grade. I acquired ICT training and experience through the Good Samaritans who offered employment, and now I am an enthusiastic and Professional Computer Analyst and Internet Expert who enjoys being part of, lead, as well as being led by successful and productive team leaders. I am quick to grasp new ideas, modern ICT technology and concepts. I am very quick to develop innovative and creative solutions to problems. I am able to work well even long hours, on my own initiative and with minimal supervision, can demonstrate the high level of motivation required to meet the tightest deadlines to achieve objectives. Even under significant pressure, I possess a strong ability to perform effectively. I am self-motivated, humble and gentle, with high level of personal integrity, honesty and responsible. I am now looking forward to utilize my ICT and internet career to build on my extensive range of technical skills within a suitably challenging role. Having owned a printing and internet business, I am keen to achieve further professional development to suit fast moving modern technology, i.e. online Affiliate Marketing technology, the fast growing industry. I started using the computer/internet 20 years ago, and I have a high level of experience in this fast growing technology. I have taught ICT and internet on personal arrangement to different students on different occasions with great results and I always hear appreciations from happy students.
My Business
My express plan is to venture into dropshipping business using Shopify.com, Oberlo.com, Aliexpress.com and facebook.com. I will build an online store using shopify.com and facebook.com for easy advertising.
BENEFIT OF DROPSHIPPING:
Less Capital Is Required – Probably the biggest advantage to dropshipping is that it's possible to launch an ecommerce store without having to invest thousands of dollars in inventory up front. Traditionally, retailers have had to tie up huge amounts of capital purchasing inventory.
With the dropshipping model, you don't have to purchase a product unless you already made the sale and have been paid by the customer. Without major up-front inventory investments, it's possible to start a successful dropshipping business with very little money.
Easy to Get Started – Running an ecommerce business is much easier when you don't have to deal with physical products. With dropshipping, you don't have to worry about:
- Managing or paying for a warehouse
- Packing and shipping your orders
- Tracking inventory for accounting reasons
- Handling returns and inbound shipments
- Continually ordering products and managing stock level
Low Overhead – Because you don't have to deal with purchasing inventory or managing a warehouse, your overhead expenses are quite low. In fact, many successful dropshipping businesses are run from a home office with a laptop for less than $200 per month. As you grow, these expenses will likely increase but will still be low compared to those of traditional brick-and-mortar businesses.
Flexible Location – A dropshipping business can be run from just about anywhere with an internet connection. As long as you can communicate with suppliers and customers easily, you can run and manage your business.
Wide Selection of Products – Because you don't have to pre-purchase the items you sell, you can offer an array of products to your potential customers. If suppliers stock an item, you can list if for sale on your website at no additional cost.
Easy to Scale – With a traditional business, if you receive three times as much business you'll usually need to do three times as much work. By leveraging dropshipping suppliers, most of the work to process additional orders will be borne by the suppliers, allowing you to expand with fewer growing pains and less incremental work. Sales growth will always bring additional work – especially related to customer service – but business that utilize dropshipping scale particularly well relative to traditional ecommerce businesses.
All these benefits make dropshipping a very attractive model to both beginning and established merchants.
I will use the profit from this business to take my children to school and boost and expand my online business.
Loan Proposal
I will use the loan money to buy the following things:
1. Shopify.com software @ $10 per month for three months = $30
2. Oberlo.com software (starter plan) @ $4.90 per month for three months = $14.70.
3. Advertising cost on facebook.com @ $180 per month for three months = $540.
4. Internet rooter and bundles @ $110.
Total = $694.70
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Loan Info
Project Type
Classic Loan
Disbursed amount
$750.00
Date disbursed
Dec 1, 2016
Repayment status
Late
Projected term
55 months
Other loans
Lenders
United States
Iceland
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