Business Plan: Local Vendor Connection Mobile App

Executive Summary:

Our mobile app aims to connect local vendors and individuals selling household items with people looking to buy basic household items on Faial. The app will provide a platform for vendors to list their products and for customers to browse and purchase items for their daily needs. This platform will not only support local businesses but also make it convenient for residents to shop for their household essentials.

Market Analysis:

Faial is a populated area with a mix of residents who prefer to shop from local vendors for household items.
The convenience of a mobile app that connects vendors and customers can revolutionize the way people shop for daily needs.
Competitors are limited but include online marketplaces and grocery delivery services.
There is a growing trend towards supporting local businesses and shopping for sustainable products.

Product and Services:

The mobile app will be user-friendly and allow vendors to easily list their products with descriptions, prices, and images.
Customers can browse through categories, select items, and make online payments through the app.
The app will have a rating system for vendors to maintain quality control and customer feedback.

Marketing Strategy:

Launch a social media campaign to promote the app and invite vendors to list their products.
Offer incentives for early vendors and customers to encourage adoption.
Partner with local businesses for promotions and marketing collaborations.

Financial Projections:

Revenue streams: commission on sales, in-app advertisements, premium vendor listings.
Monthly revenue goal: $10,000 within the first 6 months.

Estimated Monthly Revenue:

Estimated MRR: $10,000

Note: The revenue estimate provided above is a projection and may vary based on the actual performance of the business.

Startup Idea: A mobile app that connects local vendors and individuals selling household items with people looking to buy basic household items on Faial.