For our small business idea we will be getting a supply of Shamballasand selling them to make a profit.We will be selling 3 different kinds of Shamballa jewellery:bracelets, earrings and pendant. They can be sold separately or in awhole set and they will be gift wrapped. We will be selling them inthe reception because everyone passes reception.We will have a table with a nice decoration to place our Shamballason and we are setting up a stall in college to sell them.
We surveyed the following age groups. We found that most of our buyers are in the agerange of 15-17.
We surveyed if people are willing to pay £10 for a shambala bracelet. More peopleagreed that the price was a reasonable price.
We surveyed if people are willing to pay £15 for two shambala bracelet. More peopleagreed that the price was a reasonable price.
We surveyed if people are willing to pay £4 for a shambala earrings. More people agreedthat the price was a reasonable price.
We surveyed if people are willing to get their shambala gift wrapped. More peopleagreed than disagreed.
We surveyed on what colours people would like to buy and everyone that we surveyedliked all the colours we offered.
We surveyed if people are willing to pay £18 for a shambala set. People agreed that theprice was a reasonable price.
We surveyed if people would buy a shambala as a gift most people we surveyed agreed.
We surveyed if people would buy a shambala set, most people we surveyed agreed.
We surveyed if people would buy a shambala pendant most people we surveyeddisagreed.
The shamballa bracelets, earing and pendants Gift bags Table and two chairs Cloth for table to make it look presentable Float Money box with a lock Calculator Boxes to put under the cloth
Our target market age is 15 to 17, 18 to 20 and 21 going upwards, we target the marketstudents and teachers at Epping Forest College mostly.
Zee, Mo and Hatheeb are sharing all the costs between us. Whatever the total turns outto be we will each put an equal amount of money in to cover the costs. This money willcome out of our savings.Once we start making profit we will cover the costs a with our profits and the profitswe have left over will go to all three of us in equal amount.
The costs of our supplies are: £3.49 for one shamballa bracelet we buy 5 of each colourwhich comes to 30 shamballa bracelets. The total for thebracelets will cost £104.70. £3.19 for 50 bags which we will sell for £3 each to get it giftwrapped £1.39 for each earing which we will sell at £4. We will bebuying 5 of each colour which comes to 30 sets of twoearrings. The total costs of the earrings £41.70 £1.65 pendant which we will sell at £7. We will be buying 5 ofeach colour which comes to 30 Pendants. The total price willcome to £50.70 All together the total cost comes to £200.29. Our cost prices are from Ebay. We will pay £66.76 each to start the business up.
The selling prices we will sell our supplies at bases on ourresearch. Bracelets £10 each or two for £15 Earrings £4 each Pendant £7 Set of all three pieces £18
We have designed a flyer which we will show you now.We will place them on the desk in reception, the TV screens, handthem out to students and teachers and we will email them out.
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