Business Plans


Business Plans

Plans

The plan for the Soluwrist wristband is to have a chip (NFC) that links directly to your bank like what is on your credit card today, and have the ability for the customer to order one of these chips and order one of our bands and place it inside of the band making the band become pay-wave activated. This means the customer only has to buy one chip until their credit card expires and they’re able to buy as many bands as The plan for the Soluwrist wristband is to have a chip (NFC) that links directly to your bank like what is on your credit card today, and have the ability for the customer to order one of these chips and order one of our bands and place it inside of the band making the band become pay-wave activated. This means the customer only has to buy one chip until their credit card expires and they’re able to buy as many bands as they want to swap in and out of the chip freely. Making it so the user doesn’t have to buy a new band and chip every single time. So say maybe one day you feel like a different design on your wrist, so you swap the chip out and put it into a new band making the new band pay-wave activated with no other technical thinking needed. Our bands will come in multiple different designs; some designs will be made by us, and some designs will be made by big companies like, for example, we might get a license with Nike Adidas, some sports brands, and maybe some luxury brands too, like Rolex, Louis Vuitton, and others. Our main plan is to have a fashionable wristband that has the ability to pay for items as you go, without having to look for your credit card in your bag wallet or purse, which takes up a lot of time.

Manufacturing

Our business plan is to get a company manufacturer to place the credit card chips(NFC) with the user’s banking information on the inside of a mold that will fit inside our wristbands. The customer will be sent a package of just the chip inside the mold; we want the packaging that the customer receives to be high-quality boxes like eg: apple boxes. We will be making these boxes out of a stainable material that will not hurt the planet. For the customer, do they get the wristband to put their new chip inside, they can either order it online from our website or pick it up in their local stores.

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