145 installments • 45%
I grew up in a small village Nzoia in Bungoma county. Parents took me to boarding school at the age of 8. For the last 15 years I have been working for several start ups, assisting the. To build solid businesses. I realized that if I. An do this others then why not start my own.
I love fragrances and it's this passion that motivated me to begin supplying high end perfumes from Europe at affordable prizes. I just love what I do. For the past 3 years I have been selling small quantities and decided to take it to the next t level.
Nairobi is mostly warm thoughout the year, and most people love fragrances.
I am a luxury consultant. My niche is fragrances, jewelry and skin care products. The company I partner with us called Federico Mahora, which supplies me with the fragrances. The profit margin per bottle is between 750 - 1500, depending on whether the perfume is a classic, luxury or extravagant. For marketing purposes I have registered a website an venturing into e commerce. I will use the profits to reinvest into the business and expand into new markets; Uganda, Tanzania and Rwanda. I also intend to upgrade my entrepreneurial skins by studying e commerce and social media marketing.
I will purchase perfume bottles at 30 U.S.D and sell at 50 U.S.D. This the wholesale price. Because the market is currently selling fake perfume, my customers will receive value for their money since I will supply them quality fragrances . Consequently, I will establish trust and increase sales and profit. I will also venture into e commerce and retail on-line. The website will give my products visibility and reach.
I expect to increase my profit by 50 percent.
Jun 23, 2017
Cost to entrepreneur
Service fee: $21.43
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