4805271 | Application Preview
The grant application outlines a plan for a wellness tea business that the applicant is eager to launch while pursuing a psychology degree. The requested funding will be focused on acquiring inventory and supporting a fulfillment center, which is essential due to the applicant's educational commitments. The goal is to promote health and wellness, with future intentions to incorporate herbal knowledge into therapeutic practices.
The applicant highlights a robust marketing strategy, leveraging social media skills accumulated over the years to drive sales and business growth. The funding is justified by the increasing demand for health and wellness products, suggesting a strong potential for success.
In terms of competition, the applicant identifies several key players, including Herbaly, which targets diabetes treatment, Yogi Tea with its extensive variety, and Sipsby, known for its subscription service. The business aims to differentiate itself by offering a broader range of wellness benefits through all-natural, organic ingredients to address multiple health issues.
Overall, the application presents a compelling case for funding by emphasizing the mission to help others, the potential for market growth, and a unique product offering that responds to consumer demand for quality wellness solutions.
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General Information
Business Registration Number: Online Only
Location: MC COMB, OH, United States
Length of Operation: 0
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I plan to use this funding to fully open my bussiness and begin selling wellness tea. I need inventory to be able to sell and money to fund a fullfillment center. I am using a fullfillment center because a lot of my time goes towards school as I am in college to become a psychologist. I am hoping to use this bussiness to help promote wellness in others and as I continue to study herbology I may use medicinal plants when I have a therapy business later on. All of this money will go towards inventory and fullfillment.
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Business Plan
My bussiness will grow significantly due to marketing online and advertising. This is something that I am very good at, as I've used social media for most of my life. My mission to help others is the main appeal to my business. As we all know, health and wellness related products are always on the rise in demand. By investing in my wellness tea business you are certain to see sales and significant growth.
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Self Identified Competition
Herbaly is a tea company that focuses on teas used for diabetes. They are competition for the fact that they are using a treatment for an illness that is so widespread and with no cure. People will always need it. But my teas go beyond one ailment and provide wellness in terms of detoxing the liver, providing energy, sleep, weight loss, immune system boosting and so on. The next competitor would probably be Yogi Tea. I say this because they have a wide variety of uses as well. And they can be found in many grocery stores across the US including Walmart. However I do not believe that all of their ingredients are 100% organic, which matters to a large amount of people who are trying to better the functioning of their bodies. The 3rd competitor is Sipsby. They send tea boxes to your door monthly so you can try different types of tea. This is not something I plan on doing right now but it is a very good idea that I may consider in the future depending on how things go. I use teas that help with multiple ailments with all natural and organic ingredients.
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Contact Applicant
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