1. What is the price of your products? You write only price strategy Are there any estimations about the price ranges?
Ans 1. Concerning our pricing strategy, we aim to provide products at affordable and reasonable prices, ensuring accessibility for all customers. While specific price ranges may vary based on factors such as product complexity and materials used, we are committed to maintaining competitive pricing within the market.
2. I read in your plan you have lots of distribution channels but how you are going to deliver your business products?
Ans 2. In our business plan, we have outlined diverse distribution channels, including online platforms and the potential for selling at local markets or through small shops. Regarding product delivery, we intend to utilize reliable shipping services to ensure the safe and efficient delivery of our handmade products to our customers.
3. Why do you explain little about the target market? Why have you not identified four market segments?
Ans 3. Even though our business plan may offer limited detail on target market segmentation, our focus is primarily on individuals who value unique handmade products and prioritize sustainability. Although we may not have explicitly identified four market segments, our emphasis is on reaching customers who prioritize quality, craftsmanship, and environmental consciousness in their purchasing decisions.
4. How are you going to compete with local market businesses behave of your products could you please explain it a little bit more?
Ans 4. To effectively compete with local market businesses, we plan to emphasize the unique qualities of our handmade products, highlighting their individuality and the meticulous craftsmanship invested in each item. Additionally, we will leverage our online presence and expertise in e-commerce to reach a wider audience beyond local markets, thereby expanding our customer base and competitive edge.
2.
1- Are you going to provide delivery to their places as you mentioned they can order online?
And how much delivery charges they will get?
Ans 1. Yes, we intend to offer delivery services for our handmade products purchased online.
Regarding delivery charges, we aim to keep them competitive and reasonable, potentially
providing free shipping for orders surpassing a certain amount to encourage purchases.
2- Are you not using social media for promoting your product? If not, then why?
Ans 2. definitely, we plan to leverage social media extensively to promote our products.
Social media presents an excellent opportunity to showcase our unique creations, engage with
our audience, and cultivate a community around our brand. We view it as an indispensable
tool for reaching a wider audience and generating interest in our craft business.
3- Do you have any competitors in the market? If yes, how are you making your marketing
stronger than other competitors?
Ans 3. well, yes, we recognized here in terrace our competitors like creative zone and
Artisantique the craftsmanship that goes into crafting them. Additionally, we will utilize our
expertise in e-commerce platforms and online marketing strategies to effectively connect with
our target demographic and set ourselves apart from competitors.
Investor Questions:
- How exactly will you make the money you say you will?
- Ans 1. Harji Crafts, our revenue will come from selling our unique personalized gifts, premium apparel, and exquisite jewelry and décor. By offering a diverse range of high-quality products, we aim to attract a broad customer base and drive sales.
- Can you show more details about your costs and profits?
- Ans 2. To kickstart our operations, we have invested in essential equipment, inventory, marketing efforts, website development, and other startup necessities. Our financial projections are based on thorough market research and realistic assessments of our costs and potential profits, taking into account industry benchmarks.
- What’s your plan to make sure people know about Harji Crafts and choose it over other options?
- Ans 3. We have devised a comprehensive marketing strategy that leverages social media platforms, influencer partnerships, participation in craft shows, and targeted online advertising to amplify our brand presence and reach our target audience effectively. Our goal is to differentiate ourselves from competitors and establish Harji Crafts as a preferred choice among customers.
- How will you handle it if things get tough financially?
- Ans 4. In the event of financial challenges, we will prioritize cost optimization measures, explore alternative revenue streams, and potentially seek additional funding opportunities. Collaborations with complementary businesses and strategic financial management will be key to navigating any unforeseen obstacles.
4. Questions from Customers View:
- Can you show me examples of things you’ve made for other customers?
- Ans 1. You can explore our portfolio of past creations showcased on our website and social media channels. Each piece is crafted with meticulous attention to detail, tailored to the unique preferences of our customers.
- What materials do you use, and how can I trust they’re good quality?
- Ans 2. We uphold the highest standards of quality by sourcing premium materials for our products. Rest assured, our materials are carefully inspected to ensure authenticity, durability, and aesthetic appeal. Should you require more information about our materials, feel free to reach out to us.
- What happens if I don’t like what I ordered? Can I return it?
- Ans 3. Customer satisfaction is crucial to us. If for any reason you are not satisfied with your purchase, simply contact us, and we will facilitate an exchange or refund as per our hassle-free return policy. Your happiness with our products is our utmost priority.
- How long will it take for me to get my order after I buy it online?
- Ans 4. Once you place an order on our website, we’ will swiftly process it and dispatch your items within a few days. We partner with reliable shipping providers to ensure prompt and secure delivery of your purchases. Rest assured, we’ll keep you informed throughout the shipping process to provide peace of mind.