A gold teeth business refers to a company or individual that specializes in creating, selling, or fitting dental prosthetics, such as dental crowns, dental bridges, or dental grillz, made from gold or gold-plated materials.
These gold teeth are primarily used for cosmetic purposes and are often worn as a fashion statement, particularly in hip-hop culture and the entertainment industry. The trend of wearing gold teeth and grillz became popular in the 1980s and 1990s, primarily within hip-hop culture.
Over the years, it has transcended genres and has been embraced by various artists and celebrities, contributing to its continued demand.
Steps on How to Write a Gold Teeth Business Plan
Table of Content
Oscar Johnson® Gold Teeth Company, Inc. is a provider of high-quality gold dental prosthetics, specializing in custom-made dental grillz and gold-plated dental accessories.
Based in Albany, New York, we have been catering to the growing demand for personalized dental aesthetics in the fashion and entertainment industries since our establishment in 2005. Our team of skilled artisans and dental professionals is dedicated to crafting exquisite gold dental products that elevate our clients’ style and self-expression.
Oscar Johnson® Gold Teeth Company, Inc. places the utmost importance on quality craftsmanship and safety. All our products are manufactured using industry-leading materials, adhering to strict quality control measures.
Moreover, we ensure that our dental grillz and accessories are non-invasive and do not pose any risk to our customers’ oral health. Our commitment to adhering to dental regulations and standards is unwavering, guaranteeing customer satisfaction and peace of mind.
a. Our Products and Services
At Oscar Johnson® Gold Teeth Company, Inc., we offer an extensive range of top-notch gold dental products. Our flagship product is the iconic dental grillz, meticulously designed and crafted from premium materials like 18k gold, silver, and platinum.
Customers can choose from a variety of designs, encrusted with genuine diamonds or other precious gemstones, for a dazzling and luxurious look.
We take pride in our ability to provide unparalleled customization options for our customers. Understanding that individuality is paramount, we offer tailor-made dental grillz and dental accessories, allowing clients to express their distinct personalities through their dental adornments.
Our dedicated team of designers and dental specialists work closely with each client to ensure their vision is transformed into a one-of-a-kind, wearable masterpiece.
b. Nature of the Business
The nature of the gold teeth business is primarily rooted in the intersection of fashion, self-expression, and dental aesthetics.
c. The Industry
Oscar Johnson® Gold Teeth Company, Inc. will operate in the “Fashion and Accessories” industry, specifically within the subcategory of “Personal Accessories”.
d. Mission Statement
At Oscar Johnson® Gold Teeth Company, Inc., our mission is to empower individuals to express their unique style and personality through exquisite gold dental accessories. We are dedicated to delivering unparalleled craftsmanship, offering personalized and custom-made dental grillz that elevate our customers’ fashion statements and enhance their self-confidence.
With a commitment to quality, safety, and innovation, we strive to be the foremost provider of luxury gold dental products, setting new standards in the fashion and entertainment industries.
e. Vision Statement
Our vision at Oscar Johnson® Gold Teeth Company, Inc. is to be a globally recognized brand, synonymous with luxury, artistry, and individuality. We envision a world where our gold dental accessories transcend cultural boundaries, inspiring people from all walks of life to embrace their unique identity.
Through continuous innovation and unwavering dedication to customer satisfaction, we aim to expand our market reach, enriching lives with dazzling smiles and unforgettable style.
f. Our Tagline (Slogan)
Oscar Johnson® Gold Teeth Company, Inc. – “Enriching Lives with Dazzling Smiles and Unforgettable Style”
g. Legal Structure of the Business (LLC, C Corp, S Corp, LLP)
Oscar Johnson® Gold Teeth Company, Inc. will be formed as a Limited Liability Company (LLC).
h. Our Organizational Structure
- Chief Executive Officer (Owner)
- Head Designer
- Dental Specialists
- Quality Control Specialist
- Accountant (Administrative Staff)
- Sales Representatives
- Customer Service Representatives.
i. Ownership/Shareholder Structure and Board Members
- Oscar Johnson (Owner and Chairman/Chief Executive Officer) 52 Percent Shares
- Kingsley Williams (Board Member) 18 Percent Shares
- Hilary Hampton (Board Member) 10 Percent Shares
- Steve George (Board Member) 10 Percent Shares
- Diannah Morgan (Board Member and Secretary) 10 Percent Shares.
- Oscar Johnson® Gold Teeth Company offers personalized and custom-made gold dental grillz, setting itself apart from competitors with a unique selling proposition.
- The company takes pride in its skilled artisans and dental specialists, ensuring high-quality craftsmanship and premium materials for its gold dental accessories.
- The company has built a strong brand presence, becoming synonymous with luxury, style, and individuality.
- Positive customer experiences and a dedicated customer service team have fostered a loyal customer base.
- Constantly exploring new designs and materials, the company stays at the forefront of gold teeth fashion trends.
- While the company has a loyal customer base, its market reach might be restricted to specific regions or niche markets.
- The popularity of gold dental accessories might be influenced by trends in pop culture, leading to fluctuations in demand.
- Custom-made dental grillz may require longer production times, potentially affecting order fulfillment.
- There is an opportunity to expand the market reach by targeting new regions or demographics, including potential international expansion.
- Leveraging online platforms can broaden the company’s customer base and accessibility.
- Collaborating with influencers, artists, or fashion brands can enhance brand visibility and attract new customers.
- Introducing additional product lines or related accessories could appeal to a broader audience.
i. How Big is the Industry?
The global dental inlays and onlays market size that gold teeth are a subset of was valued at USD 3.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.0 percent from 2022 to 2030.
ii. Is the Industry Growing or Declining?
Historically, the popularity of gold teeth and dental grillz has fluctuated over the years. The trend of wearing gold teeth and dental grillz has been influenced by various factors, including fashion trends, celebrity endorsements, and changes in pop culture.
At certain times, it has experienced surges in popularity, especially within specific subcultures or music genres, which led to an increase in demand for gold dental products.
iii. What are the Future Trends in the Industry?
As the demand for unique and personalized fashion accessories continues to grow, the gold teeth industry may see a surge in innovative designs for dental grillz. This could include more intricate patterns, creative shapes, and the incorporation of new materials or color accents.
With increased consumer awareness about sustainability and ethical sourcing, there may be a shift towards using responsibly sourced gold and other materials in the production of dental grillz.
Gold teeth companies may collaborate with fashion designers, artists, musicians, or other brands to create limited-edition collections or special collaborations. This cross-industry collaboration can generate buzz and appeal to a broader audience.
To address concerns about dental health, gold teeth companies might collaborate with dental professionals to ensure that dental grillz fit properly and do not pose risks to oral health.
iv. Are There Existing Niches in the Industry?
No, there are no existing niches when it comes to the gold teeth business.
v. Can You Sell a Franchise of Your Business in the Future?
Oscar Johnson® Gold Teeth Company, Inc. will not sell franchises in the near future.
- The gold teeth industry might face increasing competition from other luxury accessories or dental adornment companies.
- Economic downturns or fluctuations in consumer spending could impact the demand for luxury items.
- Changes in dental or jewelry regulations may affect the production and sale of gold dental products.
- Low-quality imitations and counterfeits could undermine the brand’s reputation and sales.
i. Who are the Major Competitors?
- Custom Jewelry Retailers
- Hip-Hop Jewelry Retailers
- Fashion Accessory Brands
- Online Retailers
- Boutique Designers
- Local Jewelers
- Celebrity or Influencer Brands
- Luxury Jewelry Brands
- Entertainment Industry Merchandisers.
ii. Is There a Franchise for the Gold Teeth Business?
No, there are no franchise opportunities for the gold teeth business.
iii. Are There Policies, Regulations, or Zoning Laws Affecting the Gold Teeth Business?
Generally, businesses in the jewelry industry, including those offering gold teeth products, must comply with several federal, state, and local laws.
Gold teeth products should comply with CPSC regulations and standards for consumer products to ensure they are safe for use and do not pose any health risks. The FTC has guidelines concerning advertising and marketing practices, including accurate product representation and disclosure of material information to consumers.
The business must comply with federal and state regulations concerning the use and sale of precious metals, including gold. This may include requirements for labeling, purity standards, and record-keeping. The gold teeth products may need to be marked with specific hallmarks or stamps indicating the metal’s purity and origin.
Depending on the location, zoning laws and regulations may restrict certain types of businesses from operating in specific areas. It’s essential to check local zoning ordinances to ensure compliance.
a. Who is Your Target Audience?
i. Age Range
Our primary target audience will be young adults and individuals in their late teens to early 30s. This age group is often more inclined towards fashion trends and self-expression.
ii. Level of Education
The level of education for our target audience can vary, but generally, a significant portion may have completed high school or have some level of post-secondary education.
iii. Income Level
The target audience will include individuals with diverse income levels, from those with moderate disposable income to those with higher disposable income seeking luxury and unique fashion accessories.
Our target audience will be ethnically diverse, but there may be a particular focus on populations that have historically embraced gold teeth and dental grillz as part of their cultural expression, including individuals from hip-hop culture and various entertainment circles.
English is our primary language of communication for the target audience, as Oscar Johnson® Gold Teeth Company, Inc. is based in the United States.
vi. Geographical Location
The geographical location of our target audience would primarily be within the United States, with a focus on regions where the gold teeth trend and hip-hop culture are popular, such as major cities and urban areas.
Our target audience’s lifestyle will be fashion-forward, trend-conscious, and influenced by popular culture, music, and entertainment. They may be active on social media and follow influencers and celebrities who promote unique fashion statements.
b. Advertising and Promotion Strategies
- Build Relationships with players in the entertainment and hip-hop culture industry.
- Deliberately Brand All Our Vans and Delivery Bikes.
- Develop Your Business Directory Profiles
- Tap Into Text Marketing
- Make Use of Bill Boards.
- Share Your Events in Local Groups and Pages.
- Turn Your Social Media Channels into a Resource
i. Traditional Marketing Strategies
- Marketing through Direct Mail.
- Print Media Marketing – Newspapers & Magazines.
- Broadcast Marketing -Television & Radio Channels.
- Out-of-Home” marketing (OOH marketing) – Public Transits like Buses and Trains, Billboards, Street shows, and Cabs.
- Leverage direct sales, direct mail (postcards, brochures, letters, fliers), tradeshows, print advertising (magazines, newspapers, coupon books, billboards), referral (also known as word-of-mouth marketing), radio, and television.
ii. Digital Marketing Strategies
- Social Media Marketing Platforms.
- Influencer Marketing.
- Email Marketing.
- Content Marketing.
- Search Engine Optimization (SEO) Marketing.
- Affiliate Marketing
- Mobile Marketing.
iii. Social Media Marketing Plan
- Start using chatbots.
- Create a personalized experience for our customers.
- Create an efficient content marketing strategy.
- Create a community for our target market and potential target market.
- Gear up our profiles with a diverse content strategy.
- Use brand advocates.
- Create profiles on relevant social media channels.
- Run cross-channel campaigns.
c. Pricing Strategy
When working out our pricing strategy, Oscar Johnson® Gold Teeth Company, Inc. will make sure it covers profits, insurance, premium, license, and economy or value and full package.
Sales and Distribution Plan
a. Sales Channels
To effectively reach our target market, we will employ a multi-faceted marketing strategy. This will include a strong online presence through our website and social media channels, participation in local fashion and accessories markets, and direct engagement with potential customers through tastings and demonstrations.
We will also establish partnerships with local beauty and hair care salons and stores to secure consistent sales channels. Albany, New York, with its vibrant and growing population, presents a significant market opportunity for Oscar Johnson® Gold Teeth Company, Inc. to establish itself as a trusted producer of premium gold teeth.
b. Inventory Strategy
The fact that we will need raw materials for producing gold teeth means that Oscar Johnson® Gold Teeth Company, Inc. will operate an inventory strategy that is based on a day-to-day methodology for ordering, maintaining, and processing items in our warehouse. We will prioritize eco-friendly, quality, and timely availability while minimizing waste and optimizing costs.
c. Payment Options for Customers
- Bank Transfers
- Credit or Debit Card
- Electronic Payment Systems such as PayPal or Venmo
d. Return Policy, Incentives, and Guarantees
- Time Limit: Customers may be allowed to return products within a specified time frame after purchase, typically ranging from 14 to 30 days.
- Condition of the Product: The returned product should be in its original condition, unworn, and undamaged, with all original packaging and tags.
- Refund or Exchange: Customers may have the option to receive a refund or exchange the product for another item of equal value.
- Exclusions: Some products may be non-returnable or subject to specific conditions due to hygiene reasons or customization.
- Discounts and Promotions: Regular discounts, seasonal sales, and promotional offers can encourage customers to make purchases.
- Loyalty Programs: A loyalty program can reward repeat customers with exclusive benefits, discounts, or early access to new products.
- Referral Program: Customers might be incentivized to refer friends and family with discounts or rewards for successful referrals.
- Quality Guarantee: A guarantee that the gold teeth products are made from high-quality materials, genuine gold, and adhere to strict craftsmanship standards.
- Satisfaction Guarantee: A promise that customers will be satisfied with their purchase or have the option to return the product and receive a refund or exchange.
- Lifetime Warranty: A lifetime warranty can cover manufacturing defects, ensuring that customers receive support for any issues that arise after the purchase.
e. Customer Support Strategy
Customer support is a crucial aspect of any business, including Oscar Johnson® Gold Teeth Company, Inc. Hence we will make sure to provide multiple channels for customers to reach out and seek support. This can include a dedicated customer support phone line, email address, and online chat option on the company’s website.
We will implement a system that allows customers to track their orders and receive regular updates on the status of their deliveries. This transparency helps build trust and reduces customer anxiety about the progress of their purchases.
Our operational plan will involve;
- Identifying reliable suppliers for high-quality materials, including gold, silver, platinum, and gemstones.
- Establish a production process that ensures the timely creation and delivery of gold dental products.
- Implement quality control measures to ensure that all products meet strict standards.
- Develop a robust system for receiving and managing customer customization requests.
- Employ skilled designers and artisans to create unique and innovative gold dental designs.
- Use technology to facilitate the design process and allow customers to visualize their custom dental grillz.
- Regularly review and optimize production processes to improve efficiency and reduce costs.
- Invest in technology and automation to streamline operations.
- Stay up to date with all relevant regulations and ensure compliance with industry standards.
a. What Happens During a Typical Day at a Gold Teeth Business?
Throughout the day, the Gold Teeth business focuses on providing a positive customer experience, maintaining product quality, and fostering innovation in designs and marketing. The day’s activities are driven by a commitment to delivering unique and stylish gold dental accessories to customers.
b. Production Process
The production process for a gold teeth business involves several stages, from design customization to the final inspection and packaging of the dental grillz. The process includes:
- Design and Customization: Customers provide their preferences, and designers create detailed design sketches or digital renderings based on requests.
- Material Selection: High-quality precious metals and gemstones are chosen for the dental grillz.
- Wax Molding (Optional): A wax model may be created to visualize the final product and ensure it meets customer requirements.
- Casting: The chosen metal is melted and poured into the mold, solidifying the dental grillz’ desired shape.
- Finishing and Polishing: Dental grillz undergo various finishing processes, such as polishing and buffing, to achieve a refined surface.
- Gemstone Setting (Optional): If gemstones are part of the design, they are carefully set into the dental grillz.
- Quality Control: The dental grillz go through rigorous checks to ensure they meet company standards.
- Personalization and Customization: Custom orders may include additional personalization, like engraving.
- Final Inspection and Packaging: The completed dental grillz are inspected for quality and carefully packaged for delivery or pickup.
c. Service Procedure
Throughout the day, customer service representatives engage with customers, responding to inquiries, providing information about products, and assisting with order status updates. They address any concerns or issues raised by customers promptly and professionally.
The fulfillment team processes and prepares orders for shipping. Packaging is done securely to protect delicate dental accessories during transit. Shipping labels are generated, and orders are sent out to customers or retail partners.
d. The Supply Chain
Oscar Johnson® Gold Teeth Company, Inc. will establish efficient supply chain processes to ensure timely procurement of raw materials, seamless production flow, and on-time delivery of finished products. We will develop a streamlined logistics system to facilitate product distribution, including warehousing, order fulfillment, and efficient transportation to meet customer demands across different locations.
e. Sources of Income
The primary source of income for the company is the sale of gold dental products, including dental grillz, gold teeth caps, and other dental accessories. The company can charge additional fees for customizing dental grillz based on customers’ specific design preferences, gemstone accents, or engraving.
a. Amount Needed to Start Your Gold Teeth Company?
Oscar Johnson® Gold Teeth Company, Inc. would need an estimate of $750,000 to successfully set up our gold teeth company in the United States of America. Please note that this amount includes the salaries of all our staff for the first month of operation.
b. What are the Cost Involved?
- Business Registration Fees – $750.
- Legal expenses for obtaining licenses and permits – $3,300.
- Marketing, Branding, and Promotions – $3,000.
- Business Consultant Fee – $4,500.
- Insurance – $4,400.
- Rent/Lease – $205,000.
- Operational Cost (salaries of employees, payments of bills et al) – $80,000
- Store Equipment (cash register, security, ventilation, signage) – $1,750
- Equipment and Supplies – $45,500
- Website: $700
- Opening party: $5,000
- Miscellaneous: $5,000
c. Do You Need to Build a Facility? If YES, How Much will it cost?
Oscar Johnson® Gold Teeth Company, Inc. will not build a new facility for our gold teeth company; we intend to start with a long-term lease and after 8 years, we will start the process of acquiring our own shop facility.
d. What are the Ongoing Expenses for Running a Gold Teeth Company?
- The cost of purchasing high-quality precious metals
- Gemstones and Accents
- Labor Costs and Employee Benefits
- Rent and Utilities
- Marketing and Advertising
- Costs associated with packaging materials and shipping
- Costs related to managing inventory, restocking materials, and maintaining appropriate stock levels
- Equipment and Machinery Maintenance
- Insurance, Taxes, and Licenses
- Miscellaneous Expenses (office supplies, legal fees, professional services, and administrative costs.)
e. What is the Average Salary of your Staff?
- Chief Executive Officer – $68,000 Per Year
- Head Designer – $55,000 Per Year
- Dental Specialists – $54,000 Per Year
- Quality Control Specialist – $50,000 Per Year
- Accountant (Administrative Staff) – $45,000 Per Year
- Artisans/Craftsmen – $42,000 Per Year
- Sales Representatives – $40,000 Per Year
- Customer Service Representatives – $32,000 Per Year.
f. How Do You Get Funding to Start a Gold Teeth Business?
- Raising money from personal savings and sale of personal stocks and properties
- Raising money from investors and business partners
- Sell shares to interested investors
- Applying for a loan from your bank/banks
- Pitching your business idea and applying for business grants and seed funding from the government, donor organizations, and angel investors
- Source for soft loans from your family members and friends.
a. How Much Should You Charge for Your Product/Service?
The cost of gold teeth products and services can vary significantly based on several factors, such as the type of dental accessory (e.g., dental grillz, gold teeth caps), the design complexity, the quality of materials used (e.g., 10k, 14k, 18k gold), the number of teeth being worked on, any additional gemstone accents, and the individual company’s pricing strategy.
b. Sales Forecast?
- First Fiscal Year (FY1): $450,000
- Second Fiscal Year (FY2): $660,000
- Third Fiscal Year (FY3): $750,000
c. Estimated Profit You Will Make a Year?
- First Fiscal Year (FY1) (Profit After Tax): 20%
- Second Fiscal Year (FY2) (Profit After Tax): 25%
- Third Fiscal Year (FY3) (Profit After Tax): 30%
d. Profit Margin of a Gold Teeth Company
The ideal profit margin we hope to make at Oscar Johnson® Gold Teeth Company, Inc. will be between 20 and 30 percent depending on the size.
a. How do you intend to grow and expand? By opening more retail outlets/offices or selling a Franchise?
Oscar Johnson® Gold Teeth Company, Inc. will grow our gold teeth company by first opening other production plants in key cities in the United States of America within the first five years of establishing the business and then will start selling franchises from the sixth year.
b. Where do you intend to expand to and why?
Oscar Johnson® Gold Teeth Company, Inc. plans to expand to the following cities.
- New York City, New York
- Chicago, Illinois
- Houston, Texas
- Detroit, Michigan
- Philadelphia, Pennsylvania
- Atlanta, Georgia
- Memphis, Tennessee
- Los Angeles, California
- Washington, D.C.
- Dallas, Texas.
We are expanding to these cities because these cities have a high demand for gold teeth products.
The founder of Oscar Johnson® Gold Teeth Company, Inc. plans to exit the business via family succession. We have positioned structures and processes in place that will help us achieve our plan of successfully transferring the business from one family member to another and from one generation to another without difficulties.
The company has successfully developed a detailed transition plan to smoothly hand over responsibilities to the new successor. This includes transferring ownership, training key personnel, and communicating with employees, customers, and suppliers about the change.