Develop a business plan for an E-Business venture for a small online Assignment

Develop a business plan for an E-Business venture for a small online Virtual Assistant company - Assignment Example The company aims to leverage its technology in order to provide their customers with best online service experience. The company aims to transform their earnings into profits by holding the customers and turn them into repeat customers. The competitive advantage of business is that unlike the competitors, the business specializes in delivering remote office assistance in administrative capacity for professionals and corporate. There are many online advertising options available for the company to offer their products and services to people. Advertising depends on the target audience and the type of message that the business wants to deliver to its customers. Some options that are available to Virtual Assistant are Banner ads, social media and website blogs. Table of Contents Executive Summary 2 Market Plan 4 Market Analysis 5 Competitor Analysis 6 Advertising 8 Pricing 9 Delivery and Payment 10 Operations and Risks 10 Financial Statements 10 Timeline for E-Business Plan Project 13 Bi bliography 14 Appendices 15 Market Plan The VA or Virtual Assistant Company specializes in delivering remote office assistance in administrative capacity including maintenance and support of electronic equipments. ... The minimum number of impressions that a user has to buy is 100000. This means a banner on these popular search engines could cost around $2000-$5000 per month. The services provided by VA would vary from client requirements and hence variable pricing model may be used to price products according to different target markets and clients. Product payment will be online user registration in a secured virtual network connection that will provide safe transactions with the customers. Product deliver will be sourced via local supply chain nearest to the client’s destination market. Market Analysis Before starting an e-business for Virtual Assistant (VA) it is very important for the entrepreneur to analyze the target market. The market selection depends upon the specialization and skills of the VA. VA with multiple skill may target multiple markets where as a specialist focuses on a particular niche market. As there are no barriers in reaching customers through the internet, the VA s ervices will initially focus on local geographic areas which will minimize cost of operation. After few years the company may expand geographically depending upon client demands and services requirements. The two important target markets for the company are college students and real estate agents. While the services to students may be short term, the company will focus on long term partnership with corporate clients. The target markets may be reached through social media, internet advertisements such as banners or through website blogs. The company aims to leverage its technology in order to provide their customers with best online service experience. The company aims to transform their earnings into profits by