Create and market high-demand digital products
Kevinson
Nairobi, Komarock, Kenya
100% repaid
Entrepreneur
Name
Kevinson
Member since
February 2014
On-time repayments
201 installments • 16%
About Me
I am a Moi University graduate and I stay in Nairobi, Komarock. I am an online entrepreneur but with a growing passion for the fashion world. For the last 3 years, I have been earning my living through blogging, article writing, ebook writing and academic writing.
In fact, the first loan you guys gave me elevated my online business to a new level and enabled me to start a boutique business, which will be the focus of my application.
I was able to respond to requests from different clients regarding creating different online products such as ebooks, PowerPoint presentations, guides, and tutorials. I was also able to engage in intensive marketing that saw a growth in my website visitors and customers as well.
Profits from my online business enabled me to start a boutique business at Daystar University (main Campus). This boutique deals with the sale of dresses, ladies’ shoes, and jewellery.
This business has been operating for the last two months and so far the demand is rising. Customers are now asking for new products such as T-shirts, hand bags, laptop bags, trousers, and other shoe types/designs.
Therefore, lenders, please help me raise more money to purchase these new items for my boutique business so as to put a smile on the face of my customers. More details are in ‘about your business’ section. Thanks in advance!
My Business
As aforementioned in my story, I run an online business dealing with blogging, article writing, ebook writing and academic writing. The second business is a boutique shop, which stocks dresses, ladies’ shoes, tops, and jewellery (earrings, necklaces, and bracelets). This business has been operation for two months now and so far, there’s great potential for growth.
Most customers are asking for items that I don’t sell such as T-shirts, hand bags, laptop bags, trousers, and other shoe types/designs. If funded, I’ll be able to purchase these items on whole sale and meet the growing demand.
My edge over my competitors is that while they sell second hand items at high prices, I stock my shop with trendy, new, and attractive products that suit the ultra modern campus student. This attracts more customers to my shop every day.
I buy ladies’ shoes and dresses and at $5 each and sell at $9-$10 each. I buy fashionable tops at $3 an sell at $5 each. Additionally, I buy jewellery items at a wholesale price of $2 per piece and sell them at $4 each. On average, I make a percentage profit of 80% to 100% per item.
The average sales per month amount to $225. Rent costs $56, salary for shop attendant is $67 and electricity costs $5. Therefore, my monthly net profit amounts to $97. If I add more stock and the new products, this is likely to grow by about 30% in the next two months. Please help me achieve this goal.
Loan Proposal
Thanks in advance lenders for considering my application!
Through my blog, earnsmartonline.com, I have been receiving many questions from people regarding different ways to make money online and most of them are ready to pay for a guide/tutorial that can answer their questions effectively. I would to use this loan to acquire software and tools that can help me create some high quality guides in form of ebooks and videos. I wish to sell each ebook for $29.
I also wish to create a membership site where people can subscribe at a fee and access dozens of different ebooks and videos on making money online. People will join my membership site at a registration fee of $5 (low enough to attract many members) but pay a monthly renewal fee of $15.
With over 2000 subscribers on my email list, I already have potential buyers for my membership service and the ebooks. I will also use the money to market the ebooks and subscription service on high traffic sites by paying to place ads on those sites.
I also wish to train 10 affiliate marketers to start marketing them for me. The demand is already there, so i expect to make sales and repay the loan as soon as possible.
Thanks a bunch for your support!
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 25, 2014
Repayment status
On Time
Projected term
3 months
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