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1、Business plan for HappyMByGroup 5 E1Harrison Alex Owen Danny Messi Andrew Peter BaseneyTABLE OF CONTENTSExecutive Summary-3Background-3Market-5Sale and pricing-8Technological- 11Staff-16Financial-17Summary-211. Executive SummaryThe total capital we need is about 400,000 yuan. Each of the 8 members i

2、nvest 50,000yuan. The name of our website is HappyM.The business will be a Web mall that serves students and other people China.Based on the financial and competitive analysis presented in this plan, BulldogM will be successful.HappyM will become firmly established in within three years. HappyMs use

3、r-friendly environment, technical excellence, competitive ad rates, and its slogan, “HappyM Cheap,fast and happy” will provide a distinctive competitive edge.HappyM anticipates launching in 2012 with a target launch date of Jan 1, 2012. The site will be operational 24 hours a day, 7 days a week.2. B

4、ackground electronic commerce background and significanceThe last century since the 90s, along with the network, communication and information technology, a breakthrough in the world, Internet explosive growth and the rapid popularization. In this context, the electronic commerce emerge as the times

5、 require. Electronic commerce is based on the Internet, to the main parties to the transaction, bank electronic payment and settlement means, to the customer data based on new business model, it can make the merchant and the supplier closelyrelates, quickly meets the customer need, also allows busin

6、esses globally to select the best suppliers, in the world the market sales of products. Since 1998 the e-commerce since, the rapid development of electronic commerce in the world, approximately every nine months, its transaction volume will be doubled, global e-commerce transactions ( including onli

7、ne trade, such as hundreds of billions of dollars in sales ), business income increased 262%.At present, many countries in the world have been optimistic about the electronic commerce the new continent, is generally believed that the development of electronic commerce will be the next 25 years, the

8、world economic development an important force, in the promotion of economy will be far more than 200 years before the industrial revolution. 3. Market3.1 Swot AnalysisStrengths:1. low cost ,we dont need a true shop and we also have less staff2. Good service,consumers satisfaction is our aim3. Our en

9、deavor and confidence Opportunities:1. The development of shopping online is very fast2. Students is such a big market Weakness:1. loan required2. Lack Experience 3. Website Promotion Threats:1. Potential future competition2. Higher costs in future3.2Target Market:1. Students from university who do

10、not have a lot of money.(Main custom)2. White collars who like shopping online.3. Officials in government and company.4. Teachers in university3.3 Market Research3.3.1. Objective of the Research:As the number of Chinese netizens increases rapidly, shopping online has become a part of more and more p

11、eoples daily life. In 2009, the ratio of online shopping transactions to total retail sales of social consumer goods increased to 1.6% and 1.9% respectively in 2009 from 1.3% in 2008. In addition to consumers increasingly preference to online shopping, financial crisis is also in favor of online sho

12、pping development. The purpose I did this research is to analysis the real reason why online shopping is gaining popularity in China.3.3.2. Description of the Market:Online shopping is the process consumers go through to purchase products or services over the Internet. An online shop, e-shop, e-stor

13、e, internet shop, webshop, webstore, online store, or virtual store evokes the physical analogy of buying products or services at a bricks-and-mortar retailer or in a shopping mall.Online shopping is a type of electronic commerce used for Customer-to -Customer(C2C) business-to-business (B2B) and bus

14、iness-to-consumer (B2C) transactions. A growing number of Chinese netizens are accustomed to online shopping due to its apparent price and convenience. Currently, around one in four netizens in China select online shopping, while it is two in three netizens in countries with high Internet penetratio

15、n such as European countries, the United States and South Korea. Therefore, the potential of Chinas online shopping market has not been fully liberated yet.3.3.3. Market Metrics:In China, the three main Chinas B2C market players are:1)TaobaoMall A B2C Marketplace operated by A, a local Internet comp

16、any in which Yahoo bought 40% stake in Sept. 2005. A also boasts the worlds largest B2B marketplace. 2) 360buy one of the biggest B2C web of China3) Amazon a new launched B2C marketplace operated by Amazon and Zhuoyue, which owns many famous mall all over the world.For example, recently, CNNIC made

17、a B2C Shopping Market Survey, which involves Random Sampling Telephone Survey and Online Survey.The basic findings I acquired including: 1) 3.3 million people have shopped Online (both B2C and C2C) in the 3 cities surveyed. Penetration rate is 25.5% of total online population. 2) 2 million people in

18、 the 3 cities have shopped on a B2C marketplace. Nationally, B2C shoppers are estimated to exceed 10 million people. Market share of china electronic B2C Web Differences of B2C consumers age(18-30 and above 30)Tao bao Amazon 360buyWe can see that the young people is our main consumer, they are stude

19、nt ,White collars and offcials3.4 Competitors analysis1.Taobao :It is a Chinese online shopping website. It sells all kinds of products and it is the largest online shopping website in China .2.Amazon: Amazon started in 2004 as a electronic products and book e-retailer, and has become one of the big

20、gest internet brand in China. They are focused on bringing quality books,electronic products and other lifestyle goods at reasonable prices to our customers. 3.360buy: 360buy Jingdong Mall () is the biggest 3C online retailer of the B2C market in China; it is one of the most popular and powerful E-B

21、usiness website in the Chinas E-Business field. (3C stands for Computer, Communication, and Consumer Electronic)The 360buy Jingdong Malls service philosophy is People-oriented, and promises to provide kindly Omni-directional services for personal users and business users, Jingdong works hard on deve

22、loping a friendly, happy and relaxed shopping environment for shoppers, and keeps adding more products, hopes to satisfy shoppers with different shopping demands. Compare to the other same kind of E-Business retailers, 360buy Jingdong Mall has a huge catalog of products, competitive prices, and cons

23、ummate logistics and distribution systems and so on, Jingdong has built good reputation in the E-Business field and having large market share among the bests in china.3.5 Promotional strategyWe provides several measures of discount,these are basic promotions. 1. Every consumer will get a membership

24、card, as if they have bought 200RMB goods. Then consumers can enjoy a 5% discount in the later consumption. 2. Sometimes, some combinations of goods also provide a huge discount.3.We will organize some sales promotion during festivals 3.6 Website publishing promotion1.Promote the site through search

25、 engines2.Use our own website to promote our own website3. Use of other sites to promote their website4.Use our services and promotional activities to promote the site5.Use of traditional media to promote the site4. sale and pricing4.1 Product instructionOur main products are electronic products con

26、taining computer, tv, camera, mobilephone, watch and so on.In order to guarantee the quality of our products,many measures have been taken.Product Categories:1.Watch Pocket Watches Sports & LED watches Hello Kitty Watches Kids Watches Other Watches2.Cell phone Android Cell Phone Quad Band Cell Phone

27、 Dual Cards Phone Qwerty Keyboard Phone WiFi Cell Phone TV Cell Phone Watch Cell Phone Cartoon Cell Phone3.Tablet PCAndroid Tablet PC Windows Tablet PC A4.Other electronic products MP3/MP4/MP5 Players and so on4.2 Pricing strategyThe aim of company is that lower unit price, better sale volume. Thus

28、the profit is set about10% to15%. (Posting fee is not included), When we hold sales promotion may be set low even lower than the cost. 4.3 Payment: Online shoppers commonly use credit card to make payments, however some systems enable users to create accounts and pay by alternative means, such as: D

29、ebit card Various types of electronic money Cash on delivery (C.O.D., offered by very few online stores) Cheque Wire transfer/delivery on payment Postal money order Reverse SMS billing to mobile phones Gift cards Direct debit in some countries 4.4 Customer Service1. Our Guarantee 1 year guarantee da

30、teIf there is quality problem with your product,please return it to us ,and we will offer you free repair service. Customer should cover the return shipping fee, and HappyM is responsible for the shipping costs of arranging reshipment by air mail.Sometimes we may give you a solution according to the

31、 goodsvalue either issue you a partial refund or send a replacement.2. 45 days Money Back We offer Money-Back-in-45-Day-Service for every buyer. If you dont get the goods/items within 45 days after you pay, you can open an dispute, we will issue full refund to you first without any excuses. However,

32、 we sincerely hope you can repay if you finally get the goods/items after 45 days. 5.Technological 5.1 technologiesRole management: HappyM implements a solution that separates the roles of customers groups, the managers groups and partners groups via the strict account management.Products categorizi

33、ng: HappyM programs the product classification neatly and regulate the different categories dynamically for the different customer.Order management: on HappyM customer can take order easily and simply via a tool called one to one ordering centre.Online payment: HappyM provides a convenient payment system via the partnershi

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