2. Objectives
To
make iZoomba! CyberUkay well-known
to customers.
To invoke an updates for changes in price
or update in stocks.
To make costumers keep tract of the
information regarding the stocks and the
product information.
3. To
avoid breakeven in terms of revenue
and expenses
It
is anticipated that, In the three (3)
months of iZoomba!’s operation, our
marketing strategist estimated a revenue
of more or less Php 5,000.
4. Key to Success
We
try to balance between Product
Quality and Affordable Price
Customer Care
5. Company Ownership
iZoomba! CyberUkay is a privately
owned small group in Region II, Echague,
Isabela, Philippines.
Verson L. Salvador
(Overall Manager), Ansherina A. Sauri
(Stockist), Allanwin S. Flores (Marketing
Strategist), and Christina T. Flores (Sales
Marketer) are the four pillars of the group.
6. Products/Services Offered
iZoomba! CyberUkay will not own any
of the mentioned products, Hence,
iZoomba! CyberUkay will act as a bridge to
provide ZOOM International’s product—the
Mon Coeur Perfume into the market. The
perfume that is held as one of our products
will act as our product highlight.
7. We will market and sell a non-private
labeled (manufactured by a company that
places the retailer's name on the
packaging) Perfumes, Bargained Clothes
and Accessories to individual consumers
via the Internet.
9. Sales Strategies
We
will utilize and penetrate different
social networking sites in order to
successfully market our products.
Utilized “Incurred Balance”
One (1) week to pay
10. Start-up Costs
Prepaid Load/2 days P 15
Start-up capital 2 000
Total Cost P 2 015
Financial Statement
Assets
Non-cash Assets from Start-up P
0
Cash requirements from Start-up 2 000
Additional Cash Raised
500
Cash Balance on Starting Date
0
Total Assets P 2 500
Liabilities and Capital
Liabilities
Current Borrowing
Long-term Liabilities
Accounts Payable (Outstanding Bills)
0
0
0
Other Current Liabilities (Interest Free)
0
Total Liabilities P
Capital
Planned Investment
Additional Investment Requirement
0
0
0
Total Planned Investment P 2 515
Loss at Start-up (Start-up Expenses)
0
Total Capital P 2 515
Total Capital and Liabilities P 2 515
Total Funding P 2 515
11. Insights 101
In putting our business online i learned that
uploading your products is not it as you post
especially
if
the
products
are
tshirts, blouses, pants, etc. you must also put a label
and its description such as size, color and quality. I
also learned to be patient as a member of our
group. i realized that we must have an honest sales
talk to our customers to help them what would be
the best for them, and every time i see our customers
happiness and confidence by wearing our products
i am more happier and confident to say that my
taste suits to them. i love business and i love the way i
manage it.
12. In putting our business online, I learned the time and
convenience because Time is one of the critical factors in
our lives now-a-days. A customer may find it difficult to visit
your store physically every time. Instead, if you have your
store online, anyone can pay a visit to your online store at
their own convenient time. Even your e-store works 24/7 for
you to bring in your customers anytime of the day.
Moreover, with all our product images and descriptions
provided on our online store, the customer gets a
comprehensive idea about the product and you do not
have to spend time detailing the same thing to each and
every visitor to your store. As it greatly saves time consumed
per transaction & all the information about your product is
made available prior to your customer’s visit thereby
making it easier to close the deal. Thus many numbers of
transactions can take place within a day.
13. In putting our business online, I learned the see
thing's from a customer's viewpoint because Understanding
complete customer experience requires monitoring from
the customer's viewpoint through the entire product order
life-cycle. How easy is it to order and how long does it take
to receive it? It’s also important to analyze how technology
enables or hampers the customer experience which will
result in turn higher sales revenue for your business.
With time, more and more people are realizing eCommerce as a viable purchase method over the existing
traditional methods. Thus, with this ever emerging
technology, e-Commerce will continue to establish globally
and in due course become a crucial business strategy that
has to be adopted, to thrive in the fast-growing market and
keep
abreast
with
your
competitors.
Online business means to get access the best
expertise and talent available in the software industry to
strengthen your web presence and expand the business
interests beyond its geographical boundaries.
14. putting up a retail business/or the like online would yield
great risks and constraints, but as I say, we should always be
vigilant, that we should be able to take in consideration the
pros an cons of the business retailing conducted online, all of us
should not immediately put up our business for the sake of
making lots of money. We should always be updated on the
trends that technology offers us, so that in case that there will
be constraints, there are counter-measures to make sure that
such
constraints
or
problems
will
be
mitigated.
During the first three months of our group's operation,
we've experienced too much fatigue in monitoring the
products online, making sure that the costumers are updated
for any changes of price/details, etc., We also experienced a
3-5 days of no sale because of the intermittent connectivity;
but we had always countermeasures for that one.
All of the hardship, were just a piece of cake, because
at the end of the day, we've managed to made it at the top
as the top one out of the three groups who managed to
reach/exceed
their
quota.
After this semester, I do not know if we will be able to
continue the business, just maybe
