Contents
.
1. Team
2. About the project
3. Problem to solve
4. Products
5. Production
6. Budget
7. Marketing
8. Growth plan
Ishika Guleria
Owner and Managing Director (jewellery)
2. About the project
Since I was younger I always had a special interest in jewellery. As I became older, I decided that I want to start my own business.
Gemstone jewellery has been around for thousands of years and the Ancient Greeks started importing gemstone jewellery around 1600 BC, but I couldn’t find a themed set already made.
So, I decided why not just do it myself by cooperating my passion with jewellery?
3. Problem to solve
School age people (my target audience):
4. Products
Set no.1 Study $125 for set of five bracelets
Concentration
Crystal: Aventurine tumble
Colour-green-light,bright
Meaning-happiness,luck
Public speaking-Courage
Crystal: Jade
Colour-dark,rich shades of green
Meaning-harmony,healing
Emotional connection-Love
Crystal:Amethyst
Colour-dark purple
Meaning-calm and clear mind
Study set no.1
Motivation-Fluorite
Colour-Aqua blue
Meaning (uses)-exams,improves mental health, positive energy
Anxiety-Rose Quartz
Colour-light Pink
Meaning-support,calmness,kindness
Set no.2 Feelings
Feelings-happiness
Crystal:Citrine
Colour:pale yellow/brownish orange
Meaning: Positivity,cheerful,confidence,
health body and mind,success
Feeling-Inspiration
Crystal:Sunstone
Colour:Orange-red/brown
Meaning:Leadership,encouragement,overcome depression
Feeling-Amusement
Crystal:Amethyst
Colour:Dark purple
Meaning:peace,calming energy,purity of spirit
Feelings set no.2
Feeling-Anger
Crystal:Rose Quartz
Colour:Pink
Meaning:Boosts feelings for self-love,unconditional love
Feeling-Stress
Crystal:Fluorite
Colour:Light Blue
Meaning:Turns negative energy into positive energy,promotes clear mind,improves mental health
5. Production
6. Budget
Expenses | $ |
Supplies (cost of beads for 105 sets - Australian wholesaler) | $5250 |
Tools | $100 |
Packaging | $100 |
Postage (Aust. Post satchels - express) | $0 |
Marketing & Events | $600 |
ASICS business name registration | $40 |
Website & domain name (cost for year) Wordpress | $0 |
TOTAL Expenses | $6090 |
Sales Forecast
Sales | Target Quantity | $ |
October 2022 | 10 | 1250 |
November 2022 | 20 | 2500 |
December 2022 | 25 | 3125 |
January 2023 | 10 | 1250 |
February 2023 | 20 | 2500 |
March 2023 | 10 | 1250 |
April 2023 | 10 | 1250 |
TOTAL Revenue | 105 | $13125 |
Financials
Cost per set (expenses / no. of products): $50
RRP: $125
TOTAL Revenue: $13125
TOTAL Expenses: $6090
TOTAL Profit: $7035
ROI (profit/expenses): 115%
Profit margin
(profit/revenue): 53%
Break Even point: 49 sets
7. Marketing
Target customer:
Distribution/sales channels:
Website, Sunday market (fortnightly) and Etsy
Marketing strategies:
8. Growth plan
14
Oct 22
Build website
Organise Sunday markets for Christmas
Markets for
Valentine’s Day
Email and social media campaign for Valentine’s Day
Design new set to launch in time for Mother’s Day
Email and social media campaign for Mother’s Day
1 market per month (aiming for fortnightly)
Create backstock of product for markets and soft launch through social media
Nov 22
Dec 22
Jan 23
Feb 23
Mar 23
Apr 23
May 23
Easter markets
Thank You So Much For Listening!