LuxeRoyale Jewelry | Application Preview
LuxeRoyale Jewelry is seeking government grants to expand its business operations. The funding will be allocated primarily for purchasing wholesale jewelry, developing a workspace for order fulfillment, and enhancing marketing efforts. The business aims to reach a global audience with its advertising strategy, aspiring to increase sales and ultimately hire a minimum of five employees.
The applicant is a motivated college student and entrepreneur, expressing confidence in maximizing the impact of the investment. The rationale for funding approval emphasizes the potential for significant growth in the upcoming months due to dedicated efforts.
In terms of competition, LuxeRoyale identifies major players such as Zales, Tiffany & Co., and Ross-Simons, which focus on high-end, special occasion pieces. LuxeRoyale differentiates itself by offering fashionable and everyday jewelry at a more affordable price point, positioning itself as an appealing alternative in the online jewelry market.
-
General Information
Business Registration Number: L21000061536
Location: Spring Hill, FL, United States
Length of Operation: <1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
-
Funding Usage
I will use this money to purchase products at wholesale prices that will be sold through my business website. Some of the money will also go towards advertising and a workspace to store products and fulfill orders.
-
Business Plan
I plan to advertise on a global level to increase sales which I hope will give my business the exposure that it needs to grow to the point of needing a minimum of 5 employees. Investors should invest in my company because I am an ambitious college student and entrepreneur that will make the absolute most of every penny that they invest. I am more than confident that with diligent work, this company will blossom in the forthcoming months.
-
Self Identified Competition
The top 3 competitors in the online jewelry business industry are Zales, Tiffany & Co., and Ross-Simons. While these are great companies, they primarily sell "special occasion" jewelry that can be quite expensive to some. What makes LuxeRoyale different from our competitors is that our jewelry is a lot more affordable, and still contains high fashion selections alongside everyday jewelry.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
