Black Monopoly | Application Preview
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General Information
Business Registration Number: 85-0832414
Location: Lexington, KY, United States
Length of Operation: .25
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
We plan on using these funds for targeted ad spend as well as studio equipment and services such as web development, etc.
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Business Plan
Our plan is to create a Social Media Marketing Agency to help local businesses increase their online footprint and drive more foot traffic into their stores. Part of this revenue will be invested into a recording studio. With these measures in place we will create a Music Marketing Subdivision that can support and begin growing a record label. Once we have the initial studio up and running, we will buy a new property and increase our studio resources. We will also up scale our online dropshipping store, while launching new online stores as well as selling merchandise from the brand we build. The work we do will have an impact in our community by giving hope and opportunities to youth in our city who have been failed by the environments they grew up in and the systems that were meant to assist them.
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Self Identified Competition
The advantage to this model is that, we have few local competitors. Our current local competition Dojo Studios, Fyre Studios, and Broken Crow Studio. Otherwise, we seek to compete with Octobers Very Own, Roc-a-fella, and Young Money. Our competitors are focused on more traditional means of advertising that can be costly and very inefficient. Our processes are going to be focused on leveraging the low cost and vast range of social media to create a story/brand and target our specific audiences with products we know they will resonate with. It's about building a formula for product promotion in an ever more digitalized aged.
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Contact Applicant
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