Religious institutions Our Competitive Advantage In starting Sparkles and Stones Jewelry Store, we intend to build a business that will become the preferred retail jewelry store for our target market here in Midtown Manhattan — New York City through our sale of jewelry inventories that are outstanding as well as other related jewelry related services, as well as all around the United States of America. Our intention is to be able to compete favorably with our competitors through several laid down strategies. Our first competitive strategy lies in the fact that we are retailing jewelries that are of a unique design and construction as well as offering jewelry-related services to our various customers.
Printing Press Publishing Houses and Jewelry shop business plan Branding and Advertising agencies As well as all types of individuals Our Competitive Advantage Surviving in the business world as a jewelry maker and retailer requires more than just expertise.
This means that one must know how to deliver standard web designs, but also how to network with key people that matter, and decision makers.
Without a shadow of doubt, there are loads of big time investors, that have a stake in the jewelry making trade; but one thing is certain, there is room big enough to accommodate both the big jewelry making and retailing business and the small ones.
All the areas where a whole lot more can be tapped from has to be explored to get the best of this trade. We are quite aware that to be highly competitive in the jewelry making and retailing industry means that you are not only expected to be able to deliver consistent quality products, but you must be able to meet set targets.
It is for this reason that our competitive advantage lies in the power of our team; our workforce.
Creating your Jewelry Store Business Plan may be the most important part of starting your new business. While creating a great Jewelry store business plan does not guarantee you the financial backing you want, creating a poor one may make investors reconsider your abilities. Jewelry business plans are an essential decision making tool. They define, in writing, what your company is, what products you plan to sell, how you will approach selling them, who your customer is and how . urbanagricultureinitiative.com Jewelry Store Kiosk Business Plan 5 Executive Summary The Jewelry Store Kiosk, which is to be located in the Westfield Montgomery Mall in Bethesda, Maryland, is a new business. We will offer a great selection of gemstone jewelry in various designs, colors and sizes.
We have a team of creative and highly proficient jewelers, a team with excellent qualifications and experience various niche areas in crafts and fashion industry. Aside from the synergy that exists with our carefully selected jewelers and services will be guided by best practices in the industry.
Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category startups jewelry making businesses in the United States in the industry.
It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives. Our sales and marketing team will be recruited based on their vast experience in the fashion industry and they will be trained on a regular basis, so as to be well equipped to meet their targets and the overall business goal of La Chic Accessories.
Our corporate goal is to grow La Chic Accessories to become one of the top 10 jewelry brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the United States of America but also in other parts of the world.
La Chic Accessories is set to make use of the following marketing and sales strategies to attract clients; Introduce our jewelry making and retailing company by sending introductory letters alongside our brochure to individuals, corporate organizations, religious organizations and key stake holders.
Promptness in bidding for jewelry products contracts from the government and other cooperate organizations Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
List our business on yellow pages ads local directories Attend relevant international and local fashion expos, seminars, and business fairs et al Create different packages for different category of clients in order to work with their budgets and still deliver excellent design and services Leverage on the internet to promote our business Engage direct marketing approach Encourage word of mouth marketing from loyal and satisfied clients Sources of Income La Chic Accessories is established with the aim of maximizing profits in the jewelry making and retailing services industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.
La Chic Accessories will generate income by offering the following fashion related services; Designing jewelry for both corporate clients and individual clients Developing unique designs on a large scale Training and grooming newbies Offering consultation services to fashion organizations Sales Forecast It pay a great deal to have our sale forecast established at the outset.
One thing is certain; there would always be corporate organization and individual who would need the products and services. We have been able to critically examine the jewelry making market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in New York. Below is the sales projection for La Chic Accessories, it is based on the location of our business and of course the wide range of our services and target market; First Year-: Please note that the above projection might be lower and at the same time it might be higher.
Our Pricing Strategy One of the tools that we plan to employ is to make our pricing a free for all affair. At La Chic Accessories we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services.
In addition, we will also offer special discounted rates to all our customers at regular intervals. We are aware that there are some one — off jobs or government contracts which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.
Payment Options We intend to make things extremely simple for our clients, and that is why we want to make sure that there are several payment options. At La Chic Accessories, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them.
Here are the payment options that we will make available to our clients; Payment by via bank transfer Payment via online bank transfer Payment via check Payment via mobile money Payment with cash In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
We have been able to work with our in house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate clients and individual clients in the whole of the United States and beyond which is why we have made provisions for effective publicity and advertisement of our jewelry making and retailing company.
Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al. Therefore, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake.
If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.Online Jewelry Store Business Plan – Publicity and Advertising Strategy Our jewelry store business is a standard one and as such we intend to ensure that we draft the right promotion strategies that will not only create awareness for us in our target market but also effectively advertise our business and bring in the needed revenue that would boost our business as well.
Jewelry business plans are an essential decision making tool. They define, in writing, what your company is, what products you plan to sell, how you will approach selling them, who your customer is and how . Free Jewelry Store Business Plan For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. Online Jewelry Store Business Plan – Executive Summary. Our intention at Sparkles and Stones Jewelry Stores is to become the leading store that is located in Midtown Manhattan – New York City, USA to cater to our various clients both domestic and corporate.
The Jewelry Store Kiosk, which is to be located in the Westfield Montgomery Mall in Bethesda, Maryland, is a new business. We will offer a great selection of gemstone jewelry . urbanagricultureinitiative.com Jewelry Store Kiosk Business Plan 5 Executive Summary The Jewelry Store Kiosk, which is to be located in the Westfield Montgomery Mall in Bethesda, Maryland, is a new business.
We will offer a great selection of gemstone jewelry in various designs, colors and sizes.