- You offer gifts for different times of the year. How do you make sure your ads reach people looking for special gifts?
To ensure that our ads reach people looking for special gifts during different times of the year, we will employ several strategies:
Targeted Advertising: We will use targeted advertising on platforms like social media, search engines, and relevant websites to reach individuals who are actively searching for special gifts.
Retargeting: We will implement retargeting campaigns to reach individuals who have previously visited our website or engaged with our ads but have not yet made a purchase. By retargeting these users with personalized ads showcasing our unique gifts, we aim to encourage them to revisit our site and complete their purchase.
2. You have different prices for different things. How do you help customers understand what they get for their money?
To help customers understand what they get for their money, we will provide transparent pricing and detailed product descriptions that highlight the unique features and craftsmanship of our handmade and personalized gifts and paintings. Also,
Customer Reviews and Testimonials: We will feature customer reviews and testimonials on our website to provide social proof and reassure potential buyers about the quality and value of our products.
High-Quality Imagery: We will also use high-quality images and photographs to showcase our products from multiple angles and perspectives thus, allowing customers to visualize what they will receive.
3.Your main focus is on Terrace, BC. How do you plan to meet the needs of people there who have different amounts of money?
As a business focused on Terrace, BC, we understand the importance of catering to the diverse needs and budgets of our local community. Here’s how we plan to meet the needs of people in Terrace who have different amounts of money:
Range of Products: We will offer a diverse range of handmade and personalized gifts and paintings, from affordable options to more premium pieces, to accommodate varying budget thus, ensuring that there is something for everyone.
Customization Options: We will provide customization options for our products, allowing customers to personalize their gifts based on their preferences and budget.
Affordable Shipping Options: We will offer affordable shipping options, including local pickup or delivery, to minimize additional costs for our customers.
4.You mentioned about making customer talks personal. How do you do that? Our business will do that by giving Personalized Customer Support. I will be available to answer any questions or concerns that customers may have about our products, pricing, or customization options. I will provide personalized assistance and guidance to help customers make informed purchasing decisions.
5. When you decide to have sales for certain holidays, how do you pick which ones and what kind of sales work best?
When selecting holidays for sales promotions, we will consider factors such as the popularity of the holiday, the purchasing behavior of our target audience, and the seasonality of our products.
Popular Holidays: We prioritize sales promotions for widely celebrated holidays such as Christmas, Valentine’s Day, Mother’s Day, Father’s Day, and other major holidays.
Seasonal Relevance: We will also consider holidays that are relevant to the seasonality of our products. For example, we may have sales promotions for summer-themed gifts and paintings during the summer months, or autumn-themed products for Thanksgiving and Halloween.
6.Could you perhaps offer more thorough financial predictions that include anticipated expenses and revenue estimates?
On the Financial plan projection page, there is thorough predictions given that include all initial expenses and revenue estimates along with the initial investment required. It also depicts the estimated profits for the three years of operations.
7.Who is your products’ target market, and how will you reach them?
My target market is individuals who always look for some different as a gift to give to their love ones and also I m targeting the interior designers who always look for distinctive art pieces to elevate the beauty of a place. We will reach them through social media platforms and our own website.
8.Have you performed market research to confirm that there is a market for handmade artwork and personalized gifts?
Yes, extensive market research has been conducted to confirm the demand for handmade artwork and personalized gifts in the Terrace city. People have inclination towards buying personalized giftings.
9.What is your market edge over the competition, and how do you intend to hold onto it?
Our market edge over the competition lies in our focus on delivering high-quality, handcrafted gifts that are personalized to each customer’s preferences and requirements. We differentiate ourselves by offering unique and customizable products that cannot be easily replicated by mass-produced items or other competitors.
10.What possible dangers or difficulties might have an influence on the company’s success, and how are they going to be addressed?
1.Quality Control: Ensuring consistent quality in handmade products can be challenging, as variations may occur due to the nature of crafting. It can be assured by consistent crafting practices.
2.Inventory Management: Managing inventory levels of handmade items can be tricky, as production may take time and resources. Overstocking or understocking could lead to financial losses or missed sales opportunities. To control this, there is planning to invest in inventory management software to track sales trends, forecast demand, and optimize inventory levels in first year.
3.Seasonality: Demand for personalized gifts may fluctuate seasonally, such as during holidays or special occasions. Adapting to these fluctuations and managing cash flow during slower periods can be challenging. To tackle this, I am planning to develop targeted marketing campaigns to capitalize on seasonal trends and special occasions.
11.Could you elaborate on the costs associated with your products?
The costs associated with our products will vary depending on factors such as materials used, size, complexity, and customization level. For example, a small, customized painting might have different costs compared to a larger one, or a customized gift hamper might vary in price depending on the items included.
12.Do all items have customization choices, and if so, what are they?
Customisation depends on the item a customer has ordered. Yes, all items in our inventory offer customization choices to provide customers with the opportunity to tailor their purchases according to their preferences and needs. Some of the customization options available include:
1.Personalized Engravings: Customers can add names, initials, dates, or special messages
2. Custom Designs: We offer the option for customers to request custom designs for artwork, paintings, and other handmade items.
3. Color and Material Choices: Depending on the product category, customers may have the option to select from a variety of colors, materials, and finishes to suit their preferences.
4. Gift Wrapping and Packaging: We provide complimentary gift wrapping and personalized packaging options, allowing customers to add a special touch.
13.How long will it take for orders to be delivered?
Delivery of the products depends on the product availability, customization level, and shipping options chosen by the customer. However, estimation will be provided to them on our website.
14.Do you have a return policy or any guarantees for your products?
Here I am not providing any return policy to avoid any risk of loss in initial years. The personalized gifts once made are not of use which in turn will result in inventory build up.
15.Can buyers order bespoke or unique items, and if so, what is the procedure for doing so?
Yes, buyers can order bespoke or unique items tailored to their preferences. We will provide a procedure for customers to request bespoke or unique items, such as through a contact form on your website or via direct messaging on social media.