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    Business Plan Template For Online Start Up

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    Tarteil Trading
    Precious Tees Online Shop is an online clothing store that aims to achieve $400,000 in sales and $100,000 in revenue by the end of 2030. It will focus on selling tops priced between $10-$500 with 24/7 customer service. The startup costs are $55,000 and the marketing plan involves social media posts and a company website. Key competitors are Jenny's Fashion Olshop and Tops and Bottoms Online Store.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Business Plan Template For Online Start Up

    Uploaded by

    Tarteil Trading
    113 views7 pages
    Precious Tees Online Shop is an online clothing store that aims to achieve $400,000 in sales and $100,000 in revenue by the end of 2030. It will focus on selling tops priced between $10-$500 with 24/7 customer service. The startup costs are $55,000 and the marketing plan involves social media posts and a company website. Key competitors are Jenny's Fashion Olshop and Tops and Bottoms Online Store.

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    Copy of Business Plan Template for Online Start Up

    Original Title

    Copy of Business Plan Template for Online Start Up

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    Precious Tees Online Shop is an online clothing store that aims to achieve $400,000 in sales and $100,000 in revenue by the end of 2030. It will focus on selling tops priced between $10-$500 with 24/7 customer service. The startup costs are $55,000 and the marketing plan involves social media posts and a company website. Key competitors are Jenny's Fashion Olshop and Tops and Bottoms Online Store.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    113 views7 pages

    Business Plan Template For Online Start Up

    Uploaded by

    Tarteil Trading
    Precious Tees Online Shop is an online clothing store that aims to achieve $400,000 in sales and $100,000 in revenue by the end of 2030. It will focus on selling tops priced between $10-$500 with 24/7 customer service. The startup costs are $55,000 and the marketing plan involves social media posts and a company website. Key competitors are Jenny's Fashion Olshop and Tops and Bottoms Online Store.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    Precious Tees Online Shop

    Online Store Business Plan

    Prepared by

    Jess Rea
    jrea@precioustees.com
    January 01, 2030
    Executive Summary
    Objectives:
    1. To achieve sales of at least $400,000 at year end
    2. To reach revenue of at least $100,000.00 by December 31, 2030

    Unique Selling Point:


    It has 24/7 customer service and will respond to customer inquiries within an hour.

    About Us
    Precious Tees Online Shop will be established as a clothing shop, which utilizes the internet, particularly social
    media, in selling its goods. The company will create its own clothing designs, while the blank clothes are availed
    directly from manufacturers.

    Products & Pricing


    Precious Tees Online Shop is an online clothing shop that will focus primarily on selling tops, such as t-shirts,
    blouses, sweaters, jerseys, and jackets, for prices between $10.00 and $500.00.
    Target Market
    The company’s target customers are teens, young professionals, and professionals.

    Competition
    The company’s competition are the following:

    1. Jenny’s Fashion Olshop


    One of the established and well-known clothing online shops in Valley View is Jenny’s Fashion Olshop. It has
    gained popularity because of its consistent design and affordable price.

    2. Tops and Bottoms Online Store


    The company is one of the most trusted online shops with over thousands of positive customer reviews and
    feedback. It has established its credibility as it delivers goods with quality and within schedule.

    SWOT Analysis

    METRICS POINT 1 POINT 2

    Inexpensive raw materials as they are Low utility expense as it has no physical
    Strengths
    purchased directly from manufacturers store

    Customers cannot personally visit the


    Weaknesses Poor marketing
    shop as it has no physical building

    Wide range of available online platforms An increasing number of customers who


    Opportunities
    for marketing prefer online transactions

    More competitors shifted to online


    Threats Cheaper offers from competitors
    transactions
    Marketing Plan
    Since the nature of the business online, the marketing plan will mainly revolve around the internet, particularly
    social media. The company will create accounts on Facebook and Instagram and will schedule two daily posts,
    and it will work on developing its own website where a complete list of items along with their respective prices will
    be posted.

    Operational Plan
    Despite the company is an online shop, it will have an o ce that will serve as the main headquarters, where the
    management oversees the operations. It will be located at 1888 Freshour Circle, Valley View, TX 76272, with an
    o ce space of 500 square feet.

    ACTION ASSIGNED TO END DATE

    Create social media accounts and online posters James Wood January 20, 2030

    Hire a website developer Samuel Helms January 22, 2030


    Team

    James Wood
    Marketing Head

    Samuel Helms
    Contract Coordinator
    Projected Startup Costs

    DESCRIPTION AMOUNT PERCENTAGE

    O ce Space Prepaid Rent $20,000.00 36.36%

    Marketing Expenses $10,000.00 18.18%

    Initial Inventory $20,000.00 36.36%

    Other Expenses $5,000.00 9.09%

    Startup Fund Available $0.00 0%

    Total Startup Costs $55,000.00 100.00%

    Projected Pro t & Loss Statement

    DESCRIPTION YEAR 1 YEAR 2

    Sales $500,000.00 $620,000.00

    Cost of Sales $102,000.00 $112,000.00

    Gross Pro t $398,000.00 $508,000.00

    Total Expenses $176,000.00 $185,000.00

    Net Pro t (Loss) $222,000.00 $323,000.00


    Projected Balance Sheet

    DESCRIPTION YEAR 1 YEAR 2

    Current Assets $578,000.00 $639,000.00

    Noncurrent Assets $100,000.00 $100,000.00

    Total Assets $678,000.00 $739,000.00

    Current Liabilities $163,000.00 $174,000.00

    Noncurrent Liabilities $100,000.00 $100,000.00

    Total Liabilities $263,000.00 $274,000.00

    Equity Capital $193,000.00 $142,000.00

    Retained Earnings $222,000.00 $323,000.00

    Total Shareholder’s Equity $415,000.00 $465,000.00

    Total Liabilities & Shareholder’s Equity $678,000.00 $739,000.00

    Appendix
    Jenny’s Fashion Olshop Website
    The o cial website of one of our main competitors

    Tops and Bottoms Online Store Website


    The o cial website of one of our main competitors

    Precious Tees Online Shop List of Products


    A complete list of our company’s products, with their descriptions and available sizes

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