We are delighted to bring you another excellent borrower interview this week. We had the pleasure of talking to Brandy to discuss her online selling business – Soapy Sweet Treats. In order to grow her Etsy, eBay and Amazon shops even faster, she’s asking for a working capital loan of $8,383 at 26.13%.
Without further ado, let’s meet Brandy and find out about her amazing handmade business!
Hi Brandy! Thank you very much for talking to us. Could you start off by telling our readers a little bit about your business?
I have been working out of my home part time for eleven years while raising two boys. They are both in school now and I am going full time. I sell bath and body products, handmade soap is my top seller followed by whipped shea butter. It is very difficult to break into the handmade industry and turn a profit. I have been fortunate enough to become one of the 1% of Etsy sellers that make a solid income.
How come you ended up starting this business and why have you chosen this particularly niche?
People tell you to think back to your favorite things in childhood to help you pick a career path. In my early twenties I told my parents that my favorite thing when I was little was arts and crafts time at school. They told me that I could not spend my life making crafts. Sure I can! I love scented products and all things beautiful for the home so this was perfect for me.
What do you hope to achieve with your loan and why did you choose Bitbond over a bank?
I already buy my materials in bulk but I need to get even bigger so I can start producing larger batches of select items. I will always do small custom orders but I need to expand my audience. I have been accepted to Amazon and I will need a large inventory, especially during the holidays. I plan to buy more equipment and everything need to sell at trade shows in Texas.
This state loves handmade! Meeting people in person and letting them see the soaps up close will be an awesome experience and I know it is one of the best ways to acquire new customers. Sometimes online businesses forget that you can go out in the world and actually see the people who have helped make you a success! I chose Bitbond because although consumers have embraced handmade businesses, I don’t think traditional banks are there just yet.
What is your favorite feature on Bitbond? What features do you think are missing?
I love looking at the other profiles of people looking for loans. You can see your fellow Ebay, Etsy, and Amazon sellers, read their story, and remind yourself that there are so many others out there just like you. You are not in this alone 🙂 I don’t think Bitbond advertises enough in the online sales community. I went to the Ebay and Etsy forums before I applied to see if Bitbond was well known, unfortunately it was not.
What would you want potential investors to know about your loan?
I have been doing this for many years and have a spectacular reputation online. This is the perfect time for me to expand and hopefully I will be coming back again as I grow. Right now I make everything in small batches as the orders come in. Buying materials in bulk and having hundreds of molds will allow me to make the products ahead of time.
I can offer more soaps, body butters, and candles while reducing the handling time. That is perfect for Amazon and I have also been invited to apply for Etsy’s wholesale website. My profit will at least double very quickly.
What do you think the future holds for bitcoin? Is it the modern-day equivalent of the internet or will it fall flat on its face?
I think online sellers, especially in the United States, need to hear more about it. No one I have talked to knows what in the world a bitcoin is. The idea of a global currency would make online shopping easier so I hope that it makes it. On the flip side, almost every article I read about bitcoin has a negative spin and investors are not recommending it yet. I think it is a work in progress.
As a business owner, do you accept bitcoin? If not, what do are the chances of that changing?
I do not currently accept it because my customers have never heard of it. If bitcoin becomes a common form of payment I would certainly consider it. I have some long time customers outside of the United States that I work with (mostly in Canada), but if bitcoin makes online payments easier, consumers in other countries might purchase products from individual sellers in the United States more often.
Thank you for a great interview Brandy! Investors who would like to support Brandy’s working capital loan can still invest for a few more days.
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