Raquelle Gittens
Baldwin, NY (USA)
Role(s):
Other
ERSK Solutions
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Startup
Location:
Baldwin
Industry:
Invention
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Sole Proprietorship
Description:
I am currently, looking for investment funds to create 16 to 17 different informercial or product line products that range from a cost of $19.99 to $39.99.
The cost to create the invention/informercial product line from manufacturing, trade shows and productions is approximately $18K to $25K per informercial product line.
so I am currently, seeking a loan or business loan amount of $350K to $450K to create 16 to 18 different informercial/invention ideas.
To where the return on the investment in year one if each informercial product line sells at a minimum quantity of 100K units/year to 300K units/year the profit that would be earned from each informercial product line which costs $29.99 where the profit would be $10.00 per unit, which would be an annual profit of $1.5 Million dollars in year one if 100,000 units are sold, and if more is sold then the profit would increase, where the business loan would be paid off in one year with a minimum return on the profit of at leas 2% to 10% to the investor/ or business loan lender on the profit that is earned from the invention/informercial product .