Essay About Research E-Bay And Different Ways

Strategy for Starting the Business
Strategy for Starting the Business
Strategy for Starting the Business
Initial Startup Phase ( est. 1 month)
Need to make up some sample parts
Decide what types of parts we want to make and how many for samples
Price out the material and buy it accordingly (we will pay for it between the 2 of us)
Go into the shop on a weekend and make the samples up
Research e-bay on the different ways in which we can post them to maximize our money
Research any other means of posting for bids etc.
Research/Investigation Phase (est. 1 month) (based on positive results from the initial phase)
Continue to post on the web, to keep a money flow coming in.
Pay ourselves back for the material bought and invest in some more material
Use the money made from initial phase to buy magazines
Look at the different places that people advertise
Look at the different designs of product out there
Look at the different types of products that we could easily replicate and mfg.
Develop a pricing and cost strategy for the parts we want to focus on.
See if there are motorcycle shows or something where we might go to get marketing ideas and possibly handout fliers and show off samples.
Buy up some more material and make some more parts if we are a little steady from the web.
Investigate shipping and the associated charges of doing business.
Look on payment terms etc.
Do we want to use credit card machines and how accepting credit cards are handled
Do we want to do COD
Do we want to do cash up front
Eventually possibly turning to doing payment terms with distributors?
Look into the web to see any value in a website.
What are the benefits?
What are the drawbacks?
Look to see where else we could get our product out there (possibly through a distributor)
Compile/Startup Phase (est. 1-3 months)
Continue to post on the web and making parts to fill orders and to keep some money coming in.
Based on the results gathered from the previous phase, make a determination on the best way to progress.
Determine if we want to do a mailing to distributors
Determine if we want to start a business
Determine a company name, logo, mission, and vision statements.
Do the research on what needs to be done and complete all the necessary transactions to get a company started.
Start a checking account
Write up an agreement we both agree upon with regards to the business
Determine what investments we need to help the business run
Software and computer products
Paper
Envelopes
Stationary
Evaluate our printing capabilities
Business software (Quick Books)
Shipping software
Web page design software