Okay, so we have considered all the requirements for starting an e-commerce business. Gone are those days when one only had to go to the stores or an open market to purchase stuff. Recently, more than ever before in the history of man, people can shop effectively and satisfactorily. This is because of the systems and structure which most e-commerce business sites have in place to suit their customers.
The company offers a business-to-business solution to online merchants of physical, non-perishable products. The company utilizes a consolidation approach in handling all product returns that allows online merchants to instantly save bad sales, restore customer satisfaction and stimulate repeat sales, while offering consumers a convenient, centralized online location to claim returns.
By creating a new service category and utilizing the first-mover advantage, NoHassleReturn. The Market E-commerce continues to accelerate and the amount of money spent on purchases made through the Internet shows no sign of decline.
This indicates an amazing opportunity. They allow retailers to outsource a large part of their business, allowing the retailer to concentrate on their core competencies and not get distracted with activities that add little value.
Customers will benefit by having a convenient, easy way to return their purchases as well as the ability to track their returns.
This robust software will be NoHassleReturn. Their second key is the formation of strategic relationships with online merchants, shippers, and credit card companies. The relationships with merchants will allow NoHassleReturn.
Alliances with shipping companies will be formed since the actual cost of shipping is their largest cost driver. Partnerships with credit card companies will allow NoHassleReturn.
Management Team There are two principals that are responsible for the idea and the progress of the firm up. The company was founded by Steve Logic and Dan Codder. Steve has spent the last ten years at Federal Express.
While at FedEx, Steve was responsible for their logistics system. Steve has the incredible skill of perceiving business needs and creating a solution to address the need. At FedEx, Steve was the architect behind their benchmarked logistic system that has the ability to track customer packages and share the information with the client.
What this meant for FedEx is that they could tell the customer exactly where their package is at any one point. This logistics system is the main driver behind FedEx's exponential growth. Dan Codder is a twenty-year veteran in the computer industry.
Dan has the ability to design and write computer code very quickly and accurately. Once they are up and running and sign up some merchants as customers, NoHassleReturn. Even more impressive is NoHassleReturn. Consumers demand not only convenience but a peace of mind. The proposed program offers both, and it will increase the number of online shoppers, thus causing a market expansion for online merchants.
The first retailers who implement the proposed program will also be able to differentiate themselves and capture larger market shares in their respective segments. Once embraced by the majority of retailers, the program will become an industry standard. Due to lack of current competition, NoHassleReturn.
By securing agreements with companies such as AOL. Due to demand aggregation, the strategy will produce reduced or totally free shipping of returned merchandise to consumers.The above e-commerce business plan sample has used the business name, ‘Cherish Simone & Co. Inc. Online store’. This e-commerce business will be owned by a group of American investors, Williams Simone, Peter Johnson, Philip Schneider, and Tommy Simone.
This sample business plan is intended to provide you with a template that can be used as a reference for when you’re hard at work on your plan.
The company is a completely fictional organic denim and apparel company, however, we made sure the industry research was . In this article, we’ll dive into the key elements of an ecommerce business plan, which is very different than writing a traditional business plan.
Why You Should Take the Time to Write a Business Plan. We know that starting an e-commerce business is exciting and it can be tempting to jump right in, without constructing a business plan. (Note: We've also created a subscription box business plan template you can use to print or work on it offline.
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With a business plan similar to this your E-commerce and Internet company will be off to a good start.