Smart To Know LLC | Application Preview
Smart To Know LLC is applying for government grants to fund wholesale inventory purchases. The foundational plan involves reinvesting profits back into the business to expand its inventory. The applicant expresses a desire to participate in the growing trend of online shopping, emphasizing the aim to facilitate convenient deliveries for customers.
The competitive landscape appears minimal, with the primary challenge being to identify and supply trending products at competitive prices. The applicant notes a lack of significant competition, highlighting that major players like Amazon are pushing sellers towards their fulfillment model, which could provide an opportunity for independent sellers to differentiate themselves by offering direct product sourcing.
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General Information
Business Registration Number: 24051443
Location: Colorado Springs, CO, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
To purchase wholesale inventory.
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Business Plan
Reinvest any profit back into the company to grow inventory. I'm not sure how to answer this, I'm just an individual trying to get in on this new digital age of helping people shop from home to get the things they need by shopping online and having the items delivered their door.
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Self Identified Competition
There's really not a lot of competition, it's just a matter of finding what shoppers are buying online and supplying what they need at a reasonable price. There really isn't much difference, it's just that Amazon is requiring sellers to do the FBA instead of supplying the products yourself. Otherwise they deactivate your store.
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Contact Applicant
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