Aibro LLC | Application Preview
Aibro LLC is seeking government grant funding to expand its business by reaching a broader audience for its unique fishing products. The funding will be allocated towards enhancing social media marketing efforts, collaborating with leading industry professionals, and participating in major tackle shows, particularly in the southern states.
The business strategy includes increasing the team of professional anglers to enhance visibility through advertising, such as boat wraps and social media platforms like YouTube, Facebook, and Instagram. Aibro LLC emphasizes the effectiveness of its product, which simplifies the fishing process for everyday users, especially given the increasing regulations around live bait usage.
In terms of competition, Aibro LLC faces established companies like Pure Fishing and Strike King, both of which source their products primarily from China. In contrast, Aibro LLC prides itself on using locally sourced materials in the U.S., ensuring product safety and environmental friendliness. Many of its products are also biodegradable, establishing a significant competitive edge in sustainability.
-
General Information
Business Registration Number: 991265900022
Location: Minnetonka, MN, 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
-
Funding Usage
I am looking for funding to help my business grow based on the idea that i need to be able to reach a larger audience to aid in the promotion of my very unique products. This would be done through the use of Social media by acquiring the help of top professionals and up and commers in our industry.
-
Business Plan
My current plan for growth is based on the following. I currently have Two Professional Anglers on staff to which i need to increase these so I can get better coverage throughout the country with their advertising via Boat wraps and decals for visual and then utilizing their presence on social media by way of you tube and Facebook and Instagram. plus i would like to be able to attend some of the larger tackle shows in the more southern states, which would help expand my foot print. I have a very unique product that is proving to be instrumental in the common person being able to catch more fish. Plus with bigger restrictions of the use and transfer of live bait throughout the country, my product make this process much easier due to the convenience of it, not to mention the effectiveness as well which helps people catch more fish by either getting the fish to commit to biting the lure and or just holding onto the lure a little longer so you are able to detect the bite and set the hook.
-
Self Identified Competition
Pure Fishing (Berkley) they make numerous products in the very same line. Their annual revenue is $556 million the do sell other products in the category that are not actually baits. And one this to note is the bulk of their products are made and source from China. Strike King they also make lots of lure both Hard plastic and soft as well and they make a few other items that are not actually lures. And once again the bulk of their products are sourced from China. Bang scent attractant this company has been around for quite some time but their product is and oil based scent which doesn't stay on your lure very long and can damage some lures due to its composition. My products are made from all locally source materials right here in the U.S.A. Thus i Know for certain that the Ingredients being used to produce my products are safe for our environment as well as safe for us to to touch and handle especially our children. Plus many of my products are biodegradable as well.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
