Profits and Supply and Demand Essay Example | Topics and Well Written Essays - 500 words

Profits and Supply and Demand - Essay Example The products consist of casual clothing of the 21st Century. It entails stylish watches, T-shirts, Leather bracelets, stylish shirts, rings, body con dresses for women and necklaces all in varieties and with the latest fashion. The products we offer are luxury fashions for both genders. The luxury items are mainly reliant on the need for the customer gain what they see and feel from the use of luxurious items. The idea is to make the consumer feel expensive and look great as well as bearing the consumers emotional speculations ‘I want people to notice me’, ‘this is a fifty dollar item’. The products supply depends on the consumer’s preferences and order basis for items above fifty dollars. The items distribution is through an online platform to allow placing orders, expressing interests and even a blog on fashion style. The product features include leather items and precious metals such as gold, silver and diamonds. Other resources needed include an online platform worth $1000, five retail outlets spread across the region targeting people in love with fashion and value. These outlets will stock of $2000 valued items each with varying stocks depending on the market flow and location. The other resources include annual marketing costs approximated to be 30% of the initial financing. These will cater for social media, print media such as magazines and other affiliate marketing options. The products supply is from wholesale outlets as well as imported, depending on the item location and perceived value of the products. The other sources of the items include buying used items from events that use them for a one-time event as well as from individuals with higher preferences. The initial financing is $14,300 to cater for startup costs. During the first year of operation, sales are targeted at $10,000, with an explicit cost of $6,000 that gives revenue of $4,000 (Boundless, 2015). The profits of the company are expected to grow with