Huemanjoy LLC | Application Preview
Huemanjoy LLC is seeking government grants to support its growth and product launch. The funding will primarily go towards purchasing and shipping inventory from China, followed by investing in pay-per-click advertising to promote the product. The business plans to secure larger inventory quantities and store some units with a third-party logistics provider.
In terms of its business strategy, Huemanjoy LLC is committed to maintaining a frugal lifestyle until achieving passive income, and even then plans to reinvest profits into inventory and advertising to drive further growth. The initial focus will be on refining the first product and eventually introducing a complementary second product once the first gains traction.
The company is also dedicated to giving back, pledging 1% of profits to Arts Council Oklahoma City, with intentions of increasing this contribution as revenue grows. The founder aims to ultimately leverage passive income to help others financially.
Competition includes firms like CardGuard, Vault X, and Rayvol, each generating substantial monthly revenue with their own product variations. Huemanjoy's competitive advantage lies in an improved internal component of its product, designed to prevent card bending, along with a customer-driven design process that targets fans of basketball, football, and baseball with a singular versatile product rather than three separate items.
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General Information
Business Registration Number: 86-3540269
Location: Oklahoma City, OK, 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
First, I will use my startup capital to pay for inventory and shipping from China to the U.S. and then launch my product using pay per click advertising. I plan to use the funding usage to order a larger amount of inventory from my supplier and store a portion of the units with a 3rd Party Logistics (3PL) company. And to also invest more money into pay per click advertisement.
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Business Plan
Being committed to live below my means and not change my standard of living until I have passive income and even then I will continue to live below my means because I will need to save the profits to re-invest back into ordering more inventory and pay per click advertising to keep growing my money. Once my 1st product proves to sell and make money, I will improve the product until I can’t anymore and source a 2nd variation product to compliment the 1st product. 1% of the profits will go to Arts Council Oklahoma City and I will be excited to increase this to 5% up to 10% as profits increase. Also I have a great desire to free my time with passive income to focus more on becoming wealthy to be able to help others that are financially sound and that might need my coins.
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Self Identified Competition
CardGuard has $64,000 in monthly revenue Vault X has $45,000 in monthly revenue Rayvol has $40,000 in monthly revenue CardGuard with the most monthly sales of 4,578. All have different variations of their winning product. Similar to Rayvol, I improved 1 of the internal components of the product. It allows the customer to avoid bending their cards with a sturdy mechanism and I created 3 designs and made a poll for customers to decide which 1 they like best and I picked the top rated design and created my design based off of that. The unique design is geared to attract 3 type of sports fans. That is basketball, football, and baseball. Instead of having 1 of each on 3 separate products.
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