Expansion of beauty supply business to online market

Entrepreneur

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

We propose expanding our existing beauty supply business, Beauty Essentials, to the online market. This expansion will enable us to reach a wider customer base, increase sales revenue by 30%, and strengthen our competitive edge.

Beauty Essentials has been a reputable beauty supply store in the city for two years, offering a wide range of products to local customers.

The online beauty supply market is growing rapidly, with an estimated global value of k110000. Our target market includes beauty professionals, salons, and individual consumers seeking convenience and a wider product selection.

Objectives:

- Launch an e-commerce website and social media presence within six months
- Achieve k200,000 in online sales revenue in the first year
- Expand our customer base by 15% within the first 12 months

Proposed Solution:

- Develop a user-friendly e-commerce website with a secure payment system
- Offer a comprehensive product range, including hard-to-find brands
- Provide exceptional customer service through phone, email, and live chat support

Operations and Logistics:

- Inventory management system for efficient order fulfillment
- Partnership with reliable shipping providers for timely delivery
- Secure payment processing with useful credit cards.

Implementation Plan:

- Month 1-3: Website development and product sourcing
- Month 4-6: Marketing and promotion
- Month 7-12: Ongoing operations and evaluation

Conclusion:
Expanding Beauty Essentials to the online market presents a significant opportunity for growth and increased revenue. With a well-planned strategy and execution, we are confident in achieving our objectives and strengthening our position in the beauty supply industry.

Appendix:
Resumes of key personnel, market research reports, product catalogs.

Feedback

Project Info

Backers