Digital Tenders website
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Tender will be a registered website that allows businesses to post requirements and vendors to bid on projects. It aims to make the B2B procurement process easier. Businesses can post requirements and vendors can submit bids. Both will have ratings and the number of finalized deals will be displayed. Tender will take a 5% commission from finalized deals, which must be paid through their online payment system. The website will be developed at an estimated cost of 39,000-76,000 PKR and will be marketed through direct sales, social media posts and ads targeting all businesses in Pakistan as potential customers.
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Digital Tenders website
- 1. NEWVENTURE CREATION SUBMITTED TO: SIR FAISAL QAZI
- 3. INTRODUCTION Tender will be a registered website dealing in all B2B solutions. A platform for the businesses to get the right vendors and resources. 3
- 4. HOW WOULD IT WORK? • As simple as a virtual post. • A business can post the requirement • All the vendors willing can propose a bid. • Businesses as well as vendors would have ratings • Number of deals each user have finalized would be displayed • 5% of every deal would go to Tender. • Payments would only be made through Tender online payment method. • Any account making outside payment would be blocked and reported to cyber crime and FIA. 4
- 5. 5
- 6. RESEARCH APPROACH The research for this website has been quantitative followed by a few open ended questions in a survey. This research is done through secondary data. 6
- 7. SWOT STRENGTH & OPPORTUNITIES First mover advantage No proposal or biding cost No registration charges % taken only when deal is sealed One of its kind. Other platforms have a lot of gaps Imports are banned recently WEAKNESSES &THREAT Trust building Marketing cost Marketing time New Concept New entrants 7
- 8. ESTIMATED COST DOMAIN COST For domain registrant based in Pakistan, a domain fee of Rs. 1175/- per year will be charged. For domain registrant or their registrar located outside Pakistan, a fee of $24 per domain per year is charged. According to our estimate, the cost of a fully functional eCommerce website could vary between PKR 39000/- to PKR 76000/- depending upon your brand, the efforts required, and the website framework you choose. WEBSITE DEVELOPMENT COST 8
- 9. TENDERSTREND OVERTIME 0 1 2 3 4 5 6 How Tenders Work Phone Called by companies 9 News Paper 1980-1990 1990-2000 2000-2010 2010-2020
- 10. MARKETING PLAN & MIX TARGET MARKET All the businesses of all natures service or product are the target audience of Tender. Organic produce to ship companies all included. BEST REACH MEDIUMS Direct Sales meeting in corporates Linked in posts Linked in and Facebook Ads PRICING 5% of the finalized deal. Payments would be 60:40 Advance and final. MARKET SIZE All businesses across Pakistan 10
- 11. THANKYOU