iManMagnet llc | Application Preview
iManMagnet LLC is seeking government grants to enhance its operations and expand its market presence. The funding will be used primarily for purchasing raw materials in bulk to improve profit margins, as well as for advertising and search engine optimization to attract more customers. Additionally, the company aims to hire extra staff for its new retail location.
The business stands out in its niche, offering a unique product that has already gained traction in the crossfit and bodybuilding communities. Plans for the next five years include targeting the baseball and race car industries, which have shown interest in the product. iManMagnet intends to use effective marketing strategies to foster growth in these areas.
The funding request is justified by the affordability of iManMagnet’s product, which is competitively priced at $10, making it attractive for retailers and as a giveaway for businesses. Unlike competitors like Magbak, which offers a non-customizable magnetic phone case at $39, iManMagnet features two customizable buttons that can be attached to various devices, enhancing versatility and appeal.
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General Information
Business Registration Number: 852838240
Location: Elizabeth, NJ, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Raw material for iManMagnet bought at bulk rates will help maximize the profit margins. Along with that advertising and search engine optimization services will assist in getting more market share and attention from prospected clients. Lastly, I would like to be to afford an extra set of hands in our recently o-need retail location.
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Business Plan
iManMagnet is the only product of its kind. I myself plan on spearheading marketing and sells. I’d like to grow in all different fitness related genres. Currently iManMagnet has been very well received in the cross fit and body building communities. Baseball and race car are the two industries we are looking to target and go after in the next 5 years. Both communities have shown an interest in the product. By marketing and engaging with both racing and baseball we should make significant strides in our growth. IManMagnet is the most affordable product of its kind. Perfect for retail opportunities with resellers and also affordable enough for medium to large businesses to use as a giveaway (swag)
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Self Identified Competition
Magbak - magnetic phone case. Great case. $39 per unit. Not customizable. IManMagnet are just 2 buttons that can go on the back of any device. Wireless speaker,remote control, cell phone, GoPro, AirPod case etc… IManMagnet retails at $10. iManMagnet is customizable.
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