Seed of Life Agency | Application Preview
Seed of Life Agency is seeking government grants to expand its business and enhance its operations. The funding will be used to broaden their client base, improve their software, acquire updated computer equipment, and allocate resources towards marketing strategies for online and phone sales.
The business plan focuses on increasing client engagement, establishing consistent marketing campaigns, acquiring more direct transfer calls for immediate sales, and developing a user-friendly website to allow clients to schedule their own appointments.
The agency highlights its recent incorporation and substantial experience in the insurance field, boasting over $2 million in annualized premiums and a client portfolio of over 700. The applicant believes that with a grant of $10,000, they could significantly increase their revenue in the following year.
In terms of competition, they express that their main rivals are predatory captive companies targeting senior citizens. They differentiate themselves by being contracted with all legally permitted life insurance carriers in West Virginia, which allows them to provide coverage assurances despite any health issues clients may face.
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General Information
Business Registration Number: 9B52J
Location: Ronceverte, WV, 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
Expand our business, obtain more potential clients, update our software as well as buy a more up to date computer for our office, it will allow us to have a marketing budget to aid in our online and over the phone sells network
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Business Plan
Obtain a larger client base, build and maintain and consistent marketing as campaign, Purchase more direct transfer calls for immediate phone sells, allow us to create a website that we can direct clients to in order to set their own appointments with us. We Incorporated this year, however since I’ve been in this industry. I’ve done over $2,000,000 in annualized insurance premium, I cleared $200,000 in 2018, I have a client book of business of over 700+ clients. With $10,000 I could turn it into $100,000 by this time next year.
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Self Identified Competition
We’re self employed and work with multiple insurance carriers. The only competition are the predatory captive companies that pray on senior citizens life insurance. Such as liberty mutual and priamerica We are contracted with every life insurance company that can legally sell insurance in the state of WV. Regardless of any health circumstances we are able to guarantee the client gets approved for insurance regardless of what their health is.
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Contact Applicant
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