Range of products include high-efficiency bulbs, rechargeable lights, solar battery charger etc. that last long and thus reduce E-waste. Gross profit margin has been around 30%. We are currently designing a product that is 3-in-1 charger, emergency light and a bluetooth speaker.
Waste Bite focuses on the reducing, recycling and reusing the E-waste. The team of 5 members want to solve the large-scale problem of E-waste. We have more than 30 regular customers, our largest sale is through social media. We are contacting gift shops and stationery for the direct delivery of our product in the market. We are getting excellent responses from them. We are soon launching a 3 in one solar battery charger, emergency light and Bluetooth speaker product in our market.
Seed money received - 10,000 Expense - 9,500 ( Raw material and Packaging ) Sale - 7200 Pipeline orders - 16 Stock in hand - 30 So we are varities of our product - One which runs on electricity - cost price is 120 and 199 is the selling price. Second which us chargeable - cost price is 150 and 249 is the selling price. We had variations according to the size too, so there's some differ between the prices. So average for 1 unit or piece will we get a profit of 80.
We plan to launch new products in the coming months which will be charger, emergency light and a Bluetooth speaker all in one. To increase our business we want a warehouse and business mentor-ship. We will also focus on marketing to increase our user base and our brand awareness. We want to have a large distribution network for the same. Along with this we want to create awareness about the increase in E-waste in our world.