What is the total amount of money you are willing to invest in this business?
Enter Answer Here: $50.00
What item are you going to make and sell? Why?
Enter Answer Here: Handmade jewelry. This is because I have some experience in jewelry making and I believe it is a popular and trendy item that people are willing to purchase.
Describe how your business will work.
Enter Answer Here: I will create a variety of handmade jewelry pieces such as necklaces, bracelets, and earrings. I will set up an online store on platforms like Etsy or sell through social media platforms. Customers can browse and purchase the jewelry directly from the online store. I will also offer customization options where customers can request specific colors or designs.
How much will it cost you to make each item?
Enter Answer Here: The cost to make each item will vary depending on the materials used. On average, it will cost around $5.00 to make each piece of jewelry.
How much will you sell each item for?
Enter Answer Here: I will aim to sell each item for an average price of $15.00.
Do you think your business will be profitable? Explain your answer.
Enter Answer Here: Yes, I believe my business has the potential to be profitable. The markup on each item is reasonable and there is a demand for unique and handmade jewelry. By carefully managing my expenses and marketing my products effectively, I can attract customers and generate sales.