Online Venture Business Plan
Four Significant Steps for Establishing an Online Business
Basic Overview of the Online Venture
Mission of the Online Business Venture
Business Model to be Used
Infomediary
Brokerage
Tempting Features
Features Attracting Diverse Culture
Ethical Issues
Potential Risks
Strategies for Protecting Privacy
Potential Benefits
This research paper is about onlinebusiness.com which is an online forum that will be a global leader in e-commerce for business. It will act as a powerful tools for finding reliable and capable suppliers. Numerous advanatages, disadvantages, security issues, processes, tempting features, potential risks and potential benefits are discussed in detail.
Online venture is a very progressive idea these days. It usually comprises of small low risk investment that is capable of covering the initial expenses in a very short period of time and can generate profits in the long run. In this time of global evolvment, internet has become a necessity in every individual's life. This is a blessing that has created thousands of millionaires across the globe. It has created the prospect for people to become entrepreneurs. In this time of technological advancement, internet has become a necessary source of success. It is a much convinient and inexpensive source to reach customers in online business rather than offline business.
Four Significant Steps for Establishing an Online Business
Online business is a new and emerging trend across the globe with increased advancement and technology across the globe. Many drastic changes have taken place in the world of technology that has not only paved the way to online business forum but has also given boom to this business sector. The four significant steps for establishing an online business are as follows:
Find a hungry market. This is the fundamental step while thinking of starting an online venture. Either hire professionals or use the search engine to find the scope before making any decision about the kind of online venture one wants to enter. A complete and authentic market survey is the initial and most useful step (Holden, 2010).
Calculate the cost of initial investment. Marketing through online forum is the cheapest and most inexpensive way to find a scope and target customers which are not confined to limited geographical area, boundaries and time zone. Make a proper feasibility report before making any investment. It will be quiet helful to avoid losses (Holden, 2010).
Calculate the total cost while keeping a margin of losses and predicting profits.
Estimate the profits for atleast six months.
Basic Overview of the Online Venture
Online business is a huge opportunity for people residing across the globe. It gives them a chance to interact with different people from different cultures living across the globe and give them an opportunity to work together to generate profits. Onlinebusiness.com is an online forum which will be a global leader in e-commerce for business. It will act as a powerful suite of tools for finding reliable and capable suppliers. It can provide numerous reliable services which are as follows:
It will help in finding genuine suppliers
Prompt service that will be helpful in finding quotes in less than 48 hours
Safe trade solutions
Companies can be easily verified
Trade slutions are safe and reliable
Mission of the Online Business Venture
This gives an opportunity to do business across the globe. It is a safe investment as it will register reliable registered firms. Internet is driven by information and there will always be a need for new substance so this venture has the potential to excel and the ability to remain in demand for a long period of time.
Business Model to be Used
A business model forms the basis and very foundation of how organizations usually establish, deliver and imprisons value. This process of designing a business model is the fundamental and significant step in the construction of a wise business strategy. A business explicitly or implicitly establishes a business model that explains the structure of value creation, distribution and capture tools used by the business enterprises. The basic purpose of using the business model is to define the method by which the business enterprise conveys value to customers, tempts and convinces the customers to pay for worth, and alters those payments to profit. This is a significant measure to generate and increase profits. It also plays an important role to give a detailed description to give a clear idea about the wants and needs of a customer and how an enterprise needs to develops strategies and tactics to meet those needs and demands of the customers in the best possible manner while generating profits (Kaplan, 2012).
The business model that...
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