FreeThySole LLC | Application Preview
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General Information
Business Registration Number: 87-3572105
Location: Aiea, HI, 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
With a $15,000 grant for FreeThySole LLC several opportunities can improve and support its growth. A grant of this size can aid in funding for marketing, advertising, improvement in product development and inventory management, enhanced website development, and hiring new staff. All these investments will help FreeThySole LLC business grow and stabilize, which in turn leads to more profitability and independence in the future.
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Business Plan
With the help of my team and constant involvement with other brands and organizations. I will start by a detailed outline of expectations and business goals. It’s important to define what we want to achieve within these five years at FreeThySole LLC. This can be a specific sales goal, customer acquisition target, or even product line expansion. Conducting market research that include personal involvement of various employees of different backgrounds. Analyzing our target audiences, competition, industry trends, and consumer behavior. Becoming aware of what our competitors are doing as well as what customers are looking for. Establishing a branding strategy by developing a unique visual identity, voice, and personality that will set FreeThySole LLC part from competitors. the first step is building a better online store. Updating or choose a different e-commerce platform that suits FreeThySole's business’s needs and set up more pop-up stores until we are able to open our own. Making sure our website is user-friendly, easy to navigate and optimized for search engines. Having less involvement by allow the younger employees to create a marketing plan by using social media marketing, email marketing, content marketing, and other techniques to promote our brand and attract customers. At the same time developing a better logistics strategy. I may need to employee a few former "Logistics Specialists" that have the capability to plan for our products storage, delivery, shipping and returns. "Conduct Trend Analysts" A Analyze our performance by developing a 'planned maintenance schedule" Regularly track your sales, customer behavior, and website traffic. Analyze your data to gain insights and adjustments to improve your strategy. Maybe expanding our product line. Based on your consumer research and sales performance, expand your product portfolio to generate more revenue. Last but definitely not least. Build customer loyalty thus, creating brand loyalty. Focus on retaining customers instead of just acquiring new ones. Create a better customer loyalty program and offer personalized experiences to turn one-time customers into loyal fans. Investors are often looking for a return on their investment and will typically invest in a small business if they see potential for growth and profitability. With the strong business plan that FreeThySole LLC has including a detailed description of the product and services that we offer, market analysis, financial projections, and a clear path to profitability. Additionally, having an experienced and dedicated fellow Veterans team with a track record of success and access to a wide range of suppliers, FreeThySole LLC has a unique value proposition or competitive advantage that sets it apart from its competitors.
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Self Identified Competition
#1 - Truest - A sneaker consignment store specializes in selling new and used sneakers, often rare or limited edition models, on behalf of individual sneaker owners. This store acts as Hawai'i's number one middleman, taking a commission on each sale while providing a platform for buyers and sellers to connect and conduct transactions safely and securely. John, the owner, is a mentor and very knowledgeable about sneakers, their history, and what makes certain models valuable and highly sought-after by sneaker collectors and enthusiasts. #2 - Harbors Vintage - Vintage retail is a type of retail business that specializes in selling vintage and/or secondhand items. This can include clothing, jewelry, accessories, furniture, books, and other vintage or antique items. Vintage retail has gained popularity in recent years, as many consumers are interested in unique, one-of-a-kind items with a history and character that new products may lack. #3 The Hawai'i Vault - "The new kid on the block". This store combines vintage, streetwear, custom merchandise and local collaborations. They was 2022 customers favorite but has recently closed one of its two stores. In addition to buying and selling sneakers, FreeThySole offers other services such as cleaning, restoration, and customization of sneakers. Our ties to the community barber shops, tattoo parlors and access to government facilities allows FreeThySole LLC to host events or collaborations with other brands to attract customers and build our reputation within the sneaker community. As with any retail business, the key to success in sneaker consignment is understanding our target market and creating a unique brand identity that resonates with your customers. Our employees range from all over the country. As a veteran led company we have gathered employees from each region thus, giving us a heads up on the last trends before the competitors.
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Contact Applicant
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