Answer to Question #252131 in Management for kamal

Question

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

Answer 1

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: