E-Commerce Retailer Business Plan

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Nature's Candy

Execution

Marketing & Sales

Marketing Plan

Nature’s Candy  is focused on the merging/redefined Internet marketplace.  The users will be Baby Boomers, which represent approximately 50% of the discretionary income currently in the United States.  They are looking for proactive, non-invasive, and non-pharmaceutical ways to stay healthy as they age.  Nature’s Candy can bring these people cutting-edge products coupled with convenience and service.

The long range goal of Nature’s Candy is not only to dominate the naturopathic and homeopathic supplement market, but to create an icon brand.  Initially the company will:

  • Engage in Web-based marketing for the next year to generate awareness of the company and product information.  Because Internet based advertising has declined in recent quarters, the prices for advertising have consequently significantly dropped making the expenditure more cost effective.
  • Engage in outdoor advertising providing general awareness to the public at large and direct individuals to the company’s website.

Sales Plan

Nature’s Candy will process 90% of it’s sales online through a secure socket layer (SSL), an secure Internet connection.  All orders will be charged to Visa, Mastercard, or American Express.

By ensuring that the website is easy to navigate as well as simple to order from, Nature’s Candy will be ensuring that people who make it to the website will end up purchasing something.  This last point is key.  Research indicates that too many sites that are not easy or intuitive lose customers who migrate through the site, often putting products in their basket, yet leave without purchasing anything.

Operations

Technology

Products

Nature’s Candy will market and sell private label (manufactured by a company that places the retailer’s name on the packaging) naturopathic homeopathic dietary supplements to individual consumers via the Internet.  These products will include ginseng, ginkoba, and various antioxidants.  After year one additional products will be offered.

Milestones & Metrics

Milestones Table

Milestone Due Date
Business Plan
Aug 21, 2017
Office Set up
Sept 26, 2017
Website Complete
Oct 23, 2017
Complete Hiring Personnel
Dec 19, 2017
Q1 Review
Mar 14, 2018
Q2 Review
June 14, 2018
Q3 Review
Sept 12, 2018
Q4 Review
Dec 12, 2018

Key Metrics

Our key Metrics are

  • # of views on the website 
  • # of visitors 
  • # of tweets and retweets 
  • # of returning customers 
  • inventory turnover 
  • customer favorite products 

 

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