Video display and computer cable business

Entrepreneur

About Me

I have great ideas and I need the resources to back those ideas. I've had to run a couple of small businesses to make ends meet, I have sold electronic appliances among other things, and in my experience, over the years, you require sizeable capital in order to make real money. Great ideas yield result only when they are executed properly and on time. This requires money

My Business

I import( online from aliexpress) and sell video display cables like VGA, HDMI, Thunderbolt to VGA and video display adapters as well as mobile phone chargers, Ethernet and fiber optic cables. I'm looking to open an online store as part of efforts to expand and reach more customers, and as time goes on establish an actual shop

Loan Proposal

The things I will purchase include:
VGA Cables----------$1.30/piece
HDMI Cables--------$4.00/piece
AV Cables------------$0.90/piece
Display Adapters
VGA to HDMI-------$3.20/piece
Thunderbolt to HDMI-----$3.50/piece
DisplayPort to HDMI------$3.50/piece
AV to HDMI-----------------$8.00/piece
Ethernet cables
Cat5e-----------------$1.80/piece
Cat6-------------------$2.40/piece
Phone charger cables
USB type-C---------$3.20/piece
USB mini------------$2.00/piece
USB 5 in 1 hub-----$26.00/piece
iPhone lightning cable--$3.20/piece

I plan on buying a domain and establishing an online store. By linking this store to my Instagram business account I expect to reach more people and virtually expand the business.
My own website-------------- $35.00
Instagram Ad promotion----$5.00/ 2days

This business will be very beneficial to me and my family as it will lessen the burden on my parents in terms of my tuition and upkeep. Also as time goes on and the business grows, my partner and I can employ other students to help them out too.

I expect to make about 70% profit, so if I invest $300.00, I can expect to make close to $200 or more profit in about 2months.

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Loan Info

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