The availability of cheap computer hardware, software and high-speed internet
The availability of cheap computer hardware, software, and high-speed internet has created a powerful base from which to launch new business and expand or transform existing ones.
Establish an Internet business plan.
Paper should include:
Executive Summary
Business Description
What does your industry look like?
What is your mission statement? Goals? Objectives? Business model?
What customer needs does your product/service fulfill?
What products and services will you offer?(Jewelry,to be specific Earrings, Necklaces, Bracelets, andRings)
Market Analysis
Who are your customers?
How many customers are in your target markets?
Are these markets growing? steady? declining?
Competitor Analysis
Who are your competitors?
What are their strengths and weaknesses?
What specific attributes does your product or service have that your competitors’
don’t?
What are your sources of competitive advantage?
Operations
How will the product be produced or the service delivered?
How will customer service be delivered?
Who is on the management team and what do they contribute to the business?
A domain name
How will Web site hosting and development be managed?
Marketing and promotion of your website
Methods to fund your online business
Financial Statements
What financing is required to implement the business plan?
Who will provide the financing?
How profitable will the business be?
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