Ecommerce Business Plan Template
An established ecommerce business with 2-3 crores in revenues and established profitability is for sale. She has a background in Business Development, Project Management, Financial Analysis in technology Sector, Product Management, Business Planning, Strategic Analysis, Corporate Finance roles and led R&D related projects in the Intelligent Network services domain for major telecom partners in India, Australia and France for more than 14 years.
If you are writing a plan for a business for which location is important (for example a shop or a restaurant) or if you are managing a large business with multiple stores or factories this is where you would describe (ideally using a map) the main location(s) of your business.
Traditional Business Intelligence approaches usually means an army of engineers to build complicated ETL processes to clean, process and aggregate data, turn unstructured data into a relational form, then build and provision a data warehouse to store the data.
It wasn’t until I went to an online business conference when someone recommended the tool to me. It turns out, I completely wiped out the costs associated with collaboration tools, and discovered that Trello is one of the cleanest, most user friendly systems you can find.
I think the best business opportunities in 2016 almost come from new technologies, which don’t have many competitors so that we can reach our potential customers and offer them our product without caring about the competition of other suppliers in a period.
Draw a plan of your navigation structure and decide how and where each added tool and feature will fit in. The process of setting up your e-commerce website can be very time-consuming, so it is advisable to hire the services of a seasoned website designer or programmer.
One advantage of running an internet business is the reduction in ‘physical’ overheads; you don’t always need to have a retail premises, although depending on the size and type of the operation you are likely to still need some physical space for warehousing and administration.
Now if you are an established business in a price driven market, investors will expect you to do the exact opposite: outsource services only if it makes you save money and try to limit margin frictions to the maximum by using economies of scale to either increase your margin or reduce you price to increase market share.
However, if you are a new business, just starting with an open mind and profitable product range, then checkout the top sellers in the various categories on the Amazon website and you will be absolutely amazed at the diversity and sheer range of products that are selling on there.