Alectric Tools is a tool company that sources products from china to be resold on Amazon.
I just filed for my LLC and the estimated formation date is December 28th 2022. I have product research done on over 50 different tools so far. Profit margins are 40%, 50% and upwards of 60% after a safe 40% in Amazon fees and incidentals have been factored in. I have a business plan done, an operating agreement done. I have a nice rough draft logo done. I have a great tagline:
Alectric Tools
"Sparking production around the world".
I also have a startup cost plan based on five initial products, $9,500 worth of advertising, and a few other small costs. Total revenue is $67,000 with a net profit of $10,800. This plan has a startup cost of $20,000 and leaves $2,000 leftover for incidentals.
I have already reached out to multiple suppliers and got initial quotes for my specific design ideas and logo. I am ready to launch, I just need funding.
From here I want to scale this up to a six, seven and even eight figure business with an exit strategy. I also have innovative product ideas related to the industry I've been working in for 12+ years: I am an electrician. I am very intelligent, hardworking and dedicated to reaching my goals so join me and together we can make a ton of money!
Ready to Ask For Funding for your company?
Post a Funding Request