Over the next month, we will be rolling out MOA Team Supply Version 2.0, which will switch to a wholesale pricing model on custom chenilles and varsity jackets. In many cases, we will be able to sell to schools, organizations, booster clubs, and other instiutions at prices below that what most American custom chenille factories can produce their merchandise! This is due to our extremely fine honed business model that allows us to operate with a fraction of the total capital investment and a cash conversion cycle that is self-funding.
A few months back, I told you that we were launching a new division of Mount Olympus Awards called MOA Team Supply. I explained that we were going after an entirely new market, specifically athletic directors and schools that want to purchase wholesale chenille letters, chenille patches, and even wholesale varsity jackets. We’ve finally got the business model in place and over the next month, we will be modifying the prices on the site to reflect the roll-out of our wholesale chenille structure, in some cases using our substantial purchasing power to sell varsity letters at a price lower than many factories can produce them here in the United States! It’s a huge accomplishment and, frankly, I can’t wait to get this off the ground.
As I said then, and I’m repeating now, I am going to be absolutely ruthless on pricing. We are a better business. We have figured out how to generate higher margins despite passing on substantial savings to our customers, meaning that we can turn a profit at prices lower than most wholesale chenille companies! We are going to structure some key school programs and get printed high gloss catalogs, along with informational videos and other materials in the hands of some of the nation’s biggest districts. I’m going to create a culture where schools can order what they need in under a few seconds, submit their purchase order and payment, and receive wholesale chenille patches, letters, and varsity jackets manufactured right here in the United States.
To put it in simple terms, we’re going to make wholesale chenille letters and patches more affordable for students throughout the country, pump money into American manufacturers of the products, and create an ordering process that makes athletic directors happy and their lives less stressful. (more…)
