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Contents

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1. Team

2. About the project

3. Problem to solve

4. Products

5. Production

6. Budget

7. Marketing

8. Growth plan

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Ishika Guleria

Owner and Managing Director (jewellery)

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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?

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3. Problem to solve

  • Support and improve customer’s feelings as gemstones have emotional meanings

School age people (my target audience):

  • Trouble emotionally processing different things
  • This time in life
  • Examples: Study and Feelings

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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

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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

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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

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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

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5. Production

  • Products: handmade by myself using natural gemstones
  • 5 bracelets per themed set can be worn as a set or individually
  • Gemstone beads sourced from wholesale suppliers (Australia or India - TBC after trip in December)
  • Australia Post for delivery for website orders or purchase from markets

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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

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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

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7. Marketing

Target customer:

  • Girls aged 13+ (around my age)
  • marketing message - Improve on their worries

Distribution/sales channels:

Website, Sunday market (fortnightly) and Etsy

Marketing strategies:

    • TikTok - 4 times per week (behind the scenes, making sets, packing orders, buying stones, customer generated content)
    • Emails (EDMs) - I’ll collect customer emails from markets and website sales, future plan is to brainstorm and develop a lead magnet, for example top ten stones you must have in your collection and their meanings.

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8. Growth plan

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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

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Dec 22

Jan 23

Feb 23

Mar 23

Apr 23

May 23

Easter markets

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Thank You So Much For Listening!