Task: As a small business entrepreneur, you have formed a business and it will be conducted entirely
through online. The process will be: Supplier – Buyer- Customer. Prepare a business proposal on this
following criteria:
1. Pick a product.
2. Select target group/location for your business
- Give justification for choosing this (who/what/when/why)
-
3. What will be your revenue model? (Sales based/ subscription based/ fee based etc. )
4. Source and the process of setting the business website ( Real time information, provide the link
and source for reference)
a. Source from where you will obtain your business domain
b. Process of having a domain for your business website
c. Fee structure
5. Selecting Suppliers
a. Source
b. Communication
c. How you are going to set up relation with them
d. Payment structure
The Product: The new model sports shoes. Target: professional athletes since the majority are serious competitors in their chosen sport. Revenue Model: Direct sales to customers from a global perspective. The source and the process of setting the business website: regarding this process, all will be obtained from <span style="color:windowtext">https://www.forbes.com/advisor/business/how-to-make-a-website-for-your-business/</span>Selecting Suppliersa. Source: China, Indonesia, Korea, and the Philippinesb. Communication: Online sales and e-commerce c. Setting up relations with them: I will link with other entrepreneurs who have been working closely with them on doing business transactions.d. Payment structure:
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