updateyourstyle | Application Preview
UpdateYourStyle is seeking government grants to support their business, primarily for auto mortgage costs and marketing fees for Women's Expos. The business aims to expand its inventory and enhance transportation to participate in vendor shows and fairs. By doing so, the owner intends to ensure the mortgage is maintained for the jewelry storage.
The application emphasizes a growing demand for affordable jewelry priced at $5, catering to women looking to return to work and boost their self-esteem. The owner argues that this pricing strategy is particularly beneficial for realtors, businesswomen, and stay-at-home moms.
In terms of competition, UpdateYourStyle claims to have no direct rivals, as competitors charge prices above $5. The business's competitive edge lies in the owner's enthusiasm and willingness to travel across Michigan, offering an engaging, face-to-face shopping experience, which contrasts with competitors who rely primarily on online sales. The application strongly positions the business as a valuable investment opportunity that addresses a specific market need.
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General Information
Business Registration Number: 431871840
Location: Grand Rapids, MI, 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: NO
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Funding Usage
Auto Mortgage and inventory marketing fees for Woman's Expos.
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Business Plan
I plan on growing my business by expanding the places I take my inventory and having a larger inventory and the proper transportation to go to the vendor shows fairs and women's Expos and by keeping up with my mortgage where the jewelry is stored. Ambassador should invest in me because I meet a growing need in the United States low cost jewelry at $5 for women to get back to work and feel good about themselves my price point is ideal for realtors business women and stay at home moms.
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Self Identified Competition
None they all sell Jewelry over 5.00 My enthusiasm to survive my willingness to travel throughout the state of Michigan to grow my business other competitors only use websites I believe people need to see what they're buying and have a face-to-face conversation to promote my sales.
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Contact Applicant
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