XTRADOUT | Application Preview
XTRADOUT is seeking government grants to enhance its business operations. The funding will be used to purchase materials in bulk, allowing for cost savings and better inventory management, as well as to secure a more suitable location for sales.
The business plan involves attracting investors to promote the product, along with creating a website that will be advertised across various platforms to expand its customer base.
The rationale for approving this funding is that XTRADOUT offers unique products that differ from typical offerings at nearby stores. The merchandise features customizable designs, allowing customers to choose their prints.
In terms of competition, XTRADOUT faces established clothing stores like Long Beach Certified, Total Fashion, and Jean Machine, which benefit from having physical locations. However, XTRADOUT has a competitive advantage by allowing customers to personalize their shirts, including the placement of designs and logos, which is not readily available at other retailers.
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General Information
Business Registration Number: 852635114
Location: Long Beach, CA, United States
Length of Operation: 6 months
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
This will help me buy a lot more material at once so I have time to save, also help out with finding somewhere better to sell my product
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Business Plan
By finding different investors to buy my product & making a website that will be advertised on different platforms to build clientele. My product is different from the materials that that are sold in nearby stores, I have merchandise that can be customized with a print of the customers choosing.
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Self Identified Competition
Long Beach Certified, Total fashion & Jean machine are all clothing stores that are only getting more clientele because they have an actual store people can walk into. My brand is included on the shirt, and the customer gets to decide where the design & brand logo sits on the shirt.
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