Royal effect extensions | Application Preview
Royal Effect Extensions is applying for government grants to enhance its inventory and eliminate drop shipping, ensuring products are readily available for on-demand clients. The funds will also be used to pursue business courses to further develop expertise in the industry.
The business strategy involves leveraging client referrals and social media marketing to promote the brand, with aspirations to open a salon in the near future. The owner highlights a strong commitment to the hair industry, emphasizing the importance of business success for creating generational wealth, especially as a college graduate and a role model for her children.
Recent experiences have shown that online sales are increasingly vital, leading to significant growth in the past three months. The owner identifies three main competitors in the Dallas area and asserts that their competitive edge lies in their dedication to customer satisfaction, striving for a 100% satisfaction rate from the initial online interaction to the delivery of the product.
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General Information
Business Registration Number: 82-5117830
Location: Euless, TX, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I plan to use the funds to expand my inventory to eliminate drop shipping. This also helps to have inventory on hand for my on demand clients. I also plan to take more business oriented classes and courses that expand my knowledge in my expertise.
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Business Plan
I plan on using client referrals, social media marketing, and other sources of market to explains my business. I also plan on having my own salon some day, hopefully soon. I’ve been heavily invested in the hair industry for years. Hair is my life. The revenue I plan to generate from my business will also help me create generational wealth in my family. I’m the first of my generation to graduate college so a lot of people depend on me, including my two daughter. This past year has taught me that online sales is where “it’s at” and I’ve been implementing tactics I’ve learned from online courses to do just that. I’ve seen a drastic improvement in the growth of my business this past 3 months than the entire 3 years I’ve been in business.
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Self Identified Competition
My top 3 competitors would have to be She’s happy Hair, DP hair extensions, and Yummy Hair extensions. All three of these companies are located in the Dallas area and are honestly something to look up to. What makes me different from my competition are my beliefs and values. I believe in always delivering a 100% satisfaction rate customer service from the moment your next possible clicks on your website, until their package makes it safely in their hands.
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Contact Applicant
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