What you Get With Ecommerce Dropshipping Business Plan Package
| 6 Chapter Business Plan Template in MS Word | Free Pitch Deck Template in PPT |
| 5 Year Financial Model Template in MS Excel | Free Financial Dashboard Template in MS Excel |
| Immediate Download After Purchase | MAC &PC Compatible, Unlocked, NO VBA Macro |
| Bank/Investor/Grant Ready Package | No Accounting Or Financial Knowledge Needed |
I.- Executive Summary
Problem
Small and mid-sized businesses are struggling to capitalize on dropshipping ecommerce trends. With the ever-evolving retail landscape, it can be difficult for businesses to build an ecommerce store and begin dropshipping with ease. Even entrepreneurs with the best intentions of setting up an efficient and cost-effective ecommerce store become overwhelmed with obstacles in the supply chain, product sourcing, customer service, delivery/logistics, and marketing. Barely Digital LLC aims to address these needs and provide a comprehensive solution that simplifies the process of becoming an ecommerce retailer.
Solution
Barely Digital LLC will provide a comprehensive set of solutions to small and mid-sized businesses to capitalize on the ever-growing ecommerce trend of dropshipping. Our solutions will include product sourcing, startup coaching with best practices, order fulfillment, cost-effective delivery and logistics solutions, and ecommerce marketing solutions. By offering our solutions, clients will be able to quickly and cost-effectively build their ecommerce store and begin dropshipping in a timely manner.
Target Market
Barely Digital LLC targets small and medium-sized businesses who want to capitalize on dropshipping trends. Based in San Francisco, California, we provide a range of supply chain and ecommerce solutions tailored to each businesses’ needs. Our customers want to build and scale their ecommerce stores in an efficient, cost-effective and timely manner. Our customers are usually entrepreneurs, startups and small and medium business owners who want to venture into ecommerce but lack the skills and expertise needed to do so.
Competition
Barely Digital LLC will compete with a range of substitutes and alternative solutions that are currently offered in the market. These substitutes or alternatives include traditional ecommerce stores, ecommerce advertising, ecommerce platforms, and software services which offer similar features, services, and functionality. In particular, our direct competitors are third-party ecommerce sellers like Amazon, Walmart, and eBay, as well as specialized ecommerce software providers who provide services similar to our own.
In comparison to these direct competitors, Barely Digital LLC seeks to provide more specialized and tailored services. We take an individual, holistic approach with our clients, working to ensure that they understand, build, and execute the most efficient and cost-effective ecommerce store possible. In addition, our marketing solutions offer both prospective and existing customers the opportunity to connect with their product and increase sales.
Financial Summary
Barely Digital LLC is offering a comprehensive set of services to small and mid-sized businesses to help them make effective use of ecommerce dropshipping trends. We anticipate that our services can make a positive impact on the profitability and success of our clients. The key highlights of our financial plan include:
- Costs: Initial setup costs should be minimal and recurring costs are expected to be low. We will also be providing an analysis of cost savings so our clients can maximize their profits.
- Sales: Our extensive experience and commitment to customer satisfaction will make it easy for our clients to outperform their competitors and maximize sales.
- Profitability: We expect to generate increased profitability for our clients along with reduced expenses due to our innovative solutions.
Funding Requirements
To achieve Barely Digital's goal of cost-effectively enabling everyone to launch an ecommerce store and begin dropshipping, the following funding requirements have been established:
- Investment in infrastructure, such as software, hardware, and services.
- Hiring of additional personnel such as software developers, marketers, customer service representatives, and operations support.
- Inventory related costs such as product sourcing, order fulfillment, and order management.
- Investment in marketing campaigns to reach potential customers.
- Purchase of licensing, insurance, and other compliance items.
Collectively, these funding requirements shall provide the resources needed to successfully launch Barely Digital as one of the leading ecommerce dropshipping providers.
Milestones and Traction
Barely Digital has been diligently working on developing our dropshipping services and we are quickly approaching initial go-to-market. To ensure our success, we have outlined a roadmap of key milestones to hit on our way towards achieving our goal of helping as many small and midsized businesses as possible benefit from the dropshipping trends.
Our management team has put forth an ambitious plan with the following milestones:
- Research and sourcing of suppliers – summer 2021
- Launch of website and platform – fall 2021
- Grow customer base – winter 2021
- Scale customer base and maximize ROI – 2022
These goals are all part of a larger phased plan. Our overarching ambition is to become the top provider of dropshipping solutions in the San Francisco bay area and beyond. We optimistic that our comprehensive offering of services, strong customer focus, and commitment to quality will help us achieve success in a relatively short period of time.
II.- Products & Services
Problem
Small and mid-sized businesses are often unable to access the resources and expertise needed to capitalize on dropshipping ecommerce trends. When attempting to create and launch an ecommerce dropshipping store, entrepreneurs have to cover multiple areas such as product sourcing, startup coaching, order fulfilment, customer service solutions, delivery/logistics, and ecommerce marketing. This is a difficult process that requires a great deal of knowledge, experience, and time. It is also costly, leaving small and mid-sized businesses unable to reap the full benefits of dropshipping ecommerce businesses.
Barely Digital LLC will focus on solving this problem by providing authoritative resources, expertise and cost-effective drop shipment solutions, allowing small and mid-sized businesses to efficiently and profitably launch their own dropshipping stores.
Solution
Barely Digital will provide a comprehensive solution to help our clients start dropshipping products quickly and efficiently. Our products and services will cover every step of the process, from product sourcing to customer service and marketing solutions.
Product Sourcing: We will offer our clients expert advice on optimal product sourcing strategies from a variety of suppliers and manufacturers. We will also provide personalized recommendations on which products would be most profitable, considering our client's customer base and niche.
Startup Coaching: Our clients will be coached on best practices to be used when starting their dropshipping business. With advice from our team of experts and tailored to their specific needs, our clients can be sure to make the right decisions when starting and optimizing their business.
Order Fulfilment & Customer Service Solutions: Our clients can depend on our expertise in order fulfilment and customer service solutions. We will handle orders quickly and efficiently, as well as provide the necessary customer service support for any inquiries.
Delivery/Logistics Solutions: We have partnered with several logistics companies to offer our clients an easy and cost-effective delivery solution. Our delivery solutions are customized to suit our client's specific requirements and ensure smooth operation, timely fulfilment and excellent customer experience.
Ecommerce Marketing Solutions: We will provide our clients with marketing solutions to promote and optimize their dropshipping ecommerce store. From developing a comprehensive marketing plan to helping devise customer campaigns, we will work with our clients to maximize their returns.
Validation of Problem and Solution
The ecommerce industry is rapidly growing. According to the 2018 eMarketer retail report, worldwide retail sales are forecasted to reach 23 trillion US dollars by 2021, a significant increase from the 2016 total of $18 trillion US dollars. This increasing trend indicates that more businesses are leveraging the growing popularity of digital commerce. To capitalize on this trend, entrepreneurs need robust ecommerce dropshipping solutions that provide access to products and services quickly and cost-effectively.
Barely Digital provides these solutions by helping small and mid-sized businesses launch and manage an ecommerce presence. Through our services, we help our clients source the right product, offer guidance on best practices to be used, manage order fulfilment and customer service, provide delivery and logistics solutions, and develop ecommerce marketing strategies. With our help, our clients are able to take advantage of the dropshipping opportunities available in the ecommerce space and experience success more rapidly.
Furthermore, our solutions have been tested and proven effective. We have assisted hundreds of businesses in launching their ecommerce stores and nearly all report increased profit margins, higher revenues and enhanced customer experiences. Our data shows that the use of our solution cuts time to market in half and reduces the upfront cost necessary to launch a successful ecommerce store.
Product Overview
At Barely Digital LLC, we offer a comprehensive ecommerce dropshipping service that allows small to mid-sized businesses to take advantage of dropshipping trends. Our comprehensive services include everything from product sourcing to startup coaching, order fulfilment, customer service solutions, delivery and logistics solutions, to ecommerce marketing solutions. Through these services, our clients can quickly and cost-effectively build an ecommerce store and begin dropshipping with minimum effort.
We are committed to providing our customers with the best ecommerce dropshipping service possible and ensure satisfaction in every step of the process. From our user-friendly website, which allows you to quickly get started with your ecommerce store setup and product selection, to our logistics and delivery solutions that ensure smooth and timely deliveries of your orders to your customers, we guarantee customer satisfaction with every order.
Our services are ideal for small to mid-sized businesses that are looking to capitalize on the ecommerce dropshipping trend without having to incur the associated costs of setting up and hosting an online store. We specialize in helping our clients quickly and cost-effectively establish and maintain an ecommerce store that meets their specific needs and requirements.
Competition
Although there are various dropshipping solutions available in the market, a majority of these solutions are either too expensive or have limited options for customizing the ecommerce store. Most of these solutions lack in offering reliable supply chain solutions and an extensive range of services. Additionally, most of the existing solutions are either too complex for small businesses to understand or require extensive technical skills to set up. On the contrary, Barely Digital LLC stands apart from these solutions due to its comprehensive and cost-effective product and services range that are designed to make it easier for small and mid-sized businesses to capitalize on dropshipping ecommerce trends. We offer everything from product sourcing and order fulfilment, to delivery/logistics solutions, to startup coaching on best practices to be used and ecommerce marketing solutions – all of which are easy to use and cost-effective.
Roadmap
At Barely Digital, our overarching goal is to capitalize on the dropshipping ecommerce trend by offering our clients a flexible, cost-effective solution that can help them launch their ecommerce stores and begin dropshipping in an efficient, timely manner. To follow through with this goal, we have developed the following roadmap.
So far, we have outlined our services, which include product sourcing, startup coaching, order fulfilment and customer service solutions, delivery/logistics solutions, and ecommerce marketing solutions. We have also identified our target market of small and mid-sized businesses, as well as established our primary headquarters in San Francisco, California.
Now, we are in the process of building out our team of experienced professionals to implement the services we offer. We are actively seeking the expertise of software and web developers, logisticians, marketing experts, customer service specialists, and product sourcing professionals to help us in our endeavor.
We are also in the process of streamlining our delivery/logistics solutions to ensure fast, cost-effective delivery times and secure inventory tracking. With our streamlined process, our clients can rest assured that their goods will not only be in the right place at the right time but also securely tracked.
Finally, we are working to build out a comprehensive ecommerce marketing solution that encompasses a variety of tactics, including SEO, pay-per-click advertising, email campaigns, content marketing, and more. With the help of our experienced marketing professionals, our clients will be able to leverage the latest tactics to drive more sales and increase their visibility online.
At Barely Digital, we believe that our roadmap will lead to a comprehensive and successful dropshipping ecommerce solution for our clients. We look forward to continuing our work and helping our clients capitalize on this growing trend.
III.- Market Analysis
Market Segmentation
As an ecommerce dropshipping business, Barely Digital LLC will target small and mid-sized businesses looking to capitalize on dropshipping trends. Our services will include everything from product sourcing and startup coaching to order fulfilment and delivery/logistics solutions. Customers will vary in size and industry, and we will also strive to appeal to customers with different budgets and needs. To better understand our customer segments, we have compiled the following table:
| Segment | Characteristics |
|---|---|
| Small Businesses | Start-up businesses or businesses grossing $0-50 million. |
| Mid-sized Businesses | Businesses grossing $51-200 million. |
| Upscale Businesses | Businesses grossing more than $200 million. |
| Budget-Minded Businesses | Businesses looking for cost-effective solutions. |
| Time-Sensitive Businesses | Businesses in need of efficient solutions. |
Target Market Segment Strategy
Our target market consists of individuals and small businesses who are looking to integrate ecommerce solutions into their business. Our ideal customer would be someone who is looking for an efficient, cost-effective way to offer a variety of products at competitive prices. Our business model offers the ability to dropship goods directly to customers, saving them the time and cost of managing inventory. We plan on targeting both domestic customers looking for a convenient online solution, as well as international customers looking for a secure and reliable source of goods.
Key Customers
Our ideal customer archetype is someone who is interested in convenience and value for money. They are likely to be a busy professional or consumer who values the ease and convenience of buying high-quality products online, delivered straight to their door. Our key customers prioritize product availability, selection, and convenience over price, making them the perfect target demographic for our ecommerce dropshipping business. We will be focusing on providing our key customers with an optimal shopping experience, ensuring that they are satisfied with their purchase while also advocating for our business.
Future Markets
The market analysis conducted in the preceding sections provides a snapshot of the potential target markets for the ecommerce dropshipping business. With this analysis in place, the business strategy should be tailored to take full advantage of areas of high potential. In particular, it is important to identify and pursue large volume consumer markets or high profit margin sellers. This strategy should carry forward through the product discovery process, where focus should be on identifying fast-growing product niches for testing. Finally, the marketing efforts should be targeted at the segments of the market identified as having high potential.
Competition
Establishing a foothold in the dropshipping ecommerce space requires a comprehensive understanding of the current competitive landscape. To stay ahead of our competition and excel in a highly volatile market, the Barely Digital team has created a comprehensive list of direct and indirect competitors who offer similar products and services. This list of competition is detailed in the following table.
| Company | Location | Products/Services Offered |
|---|---|---|
| XYZ Company | New York, New York | Supply Chain Solutions, Delivery/Logistics Solutions, Ecommerce Marketing Solutions |
| ABC Company | Los Angeles, California | Product Sourcing, Order Fulfillment, Customer Service Solutions |
| Def Company | Chicago, Illinois | Startup Coaching, Delivery/Logistics Solutions, Ecommerce Marketing Solutions |
| GHI Company | Dallas, Texas | Product Sourcing, Start Up Coaching, Order Fulfillment |
IV.- Marketing and Sales Plan
Marketing Plan
Barely Digital will utilize a variety of cost-effective advertising channels to reach and engage our target market, including but not limited to digital and social media platforms, media buying, influencer outreach, website optimization and SEO, email marketing and content marketing. Our set of strategies are designed to create and maintain a favorable market presence, increase brand awareness and develop organic SEO and sales.
In order to reach our goals, we will use a combination of both paid and organic tactics including:
- Advertising via Social Media Platforms (Facebook, Instagram, Twitter)
- Paid Media Buying
- Influencer Outreach
- Content Marketing
- Search Engine Optimization (SEO)
- Email Marketing
The total budget allocated for marketing will be $50,000 per month - with $30,000 allocated for paid media campaigns, $10,000 for organic content campaigns and $10,000 for influencer outreach and other related costs.We will monitor the performance of our campaigns and take necessary measures to adjust as needed to reach our goals.
Sales Plan
An estimate of the number of sales we anticipate for our ecommerce dropshipping business is based on a number of factors, including market conditions, capacity, pricing strategy, and other external factors. Using our comprehensive market analysis and data, we estimate that we can achieve a minimum of X number of sales in the first year. Other factors such as our acquisition and retention strategies, ability to fulfill orders, and overall customer satisfaction will strongly influence our sales estimates. Our digital marketing plan will also help drive sales thanks to targeted campaigns and digital advertising strategies. Additionally, our pricing strategy will be based on our research and analysis of the market, ensuring that our rates are competitive while remaining profitable.
Location and Facilities
Barely Digital is based in San Francisco, a global hub for technology and commerce. Our physical business office is located within the city's Financial District and has easy access to all the necessary transport links, logistics companies, and an extensive pool of tech talent. Additionally, our location in the heart of the San Francisco tech ecosystem gives us excellent access to resources, advice, and innovation. We are able to leverage our location to maintain costs and remain competitive.
Our facilities have ample room for our current staff and have the potential to expand in the future. We have invested heavily in the latest technology, e-commerce tools, and platforms. Our team can work remotely or on-site, as necessary, and our customers benefit from shared access to cutting-edge platforms and techniques. This flexibility and dedication to modern technology allows us to deliver the highest quality dropshipping services to our clients.
Technology
At the heart of our ecommerce dropshipping business plan is an innovative suite of technological solutions. Our business model is built on the latest advances in connectivity and software, allowing us to provide a superior customer experience and a more efficient overall process. Through state-of-the-art online store development, app integration, and 3rd party vendor platforms, we are able to deliver fast shipping, secure checkout, and hassle-free ordering. Additionally, our AI-based analytics and customer segmentation tools provide us with the insights necessary to identify market trends and better understand our customer base.
Equipment and Tools
Starting a dropshipping business requires certain equipment and tools to ensure optimal efficiency. To manage activities such as packaging and shipping, having the necessary tools and equipment will ensure operations run smoothly. Below is a breakdown of all the essential equipment needed and their associated cost for either purchase or rental.
| Item/Equipment | Purchase Price | Rental Price |
|---|---|---|
| Packaging Supplies | $250 | $50 |
| Shipping Supplies | $400 | $75 |
| Label Printer | $170 | $20 |
V.- Management and Organization
Organizational Structure
Our ecommerce drop shipping business plan will prioritize building a strong organizational structure, which will contain clear and concise roles and responsibilities for each position in the organization. The main goal of this structure is to ensure effective and efficient communication and decision-making between the different levels of the organization.
The table below outlines the organizational structure of our ecommerce drop shipping business, with each role and responsibility, as well as the expected flow of information between the different levels of the organization.
| Role/Responsibility | Top-Level Management | Middle-Level Management | Lower-Level Employees |
|---|---|---|---|
| Overall Strategy & Goals | Set overall long and short-term goals and strategies for the company | Facilitate implementation of top-level strategies and goals in their division of the company | Execute strategies and goals at their level of the company |
| Decision-Making | Make decisions regarding overall corporate strategy and direction | Make decisions regarding their division’s strategy and direction | Make decisions regarding their individual contribution to the company’s direction |
| Communication Flow | Top-Level Management ➔ Middle-Level Management ➔ Lower-Level Employees | Middle-Level Management ➔ Top-Level Management ➔ Lower-Level Employees | Lower-Level Employees ➔ Middle-Level Management ➔ Top-Level Management |
Management Team
In order to maximize success and ensure efficiency and effective business operations, our ecommerce dropshipping business plan calls for the onboarding of a dedicated management team. The proposed management team includes the following key personnel at this stage:
A table of potential candidates for high-level management roles within the company:
| Role | Name | Experience/Background |
|---|---|---|
| CEO | John Doe | 20+ years of experience in ecommerce and dropshipping operations |
| CFO | Mary Jane | 15+ years of experience in financial management and operations |
| Head of Sales | Adam Smith | 10+ years of experience in sales, marketing and customer service roles |
| Chief Information Officer (CIO) | Jeff Wigand | 7+ years of experience in IT, web design, software development and systems integration |
| Operations Manager | Jessica Smith | 13+ years of experience in operations, logistics and supply chain management |
Management Team Gaps
At present, our ecommerce dropshipping business does not have qualified personnel ready to fill certain critical roles in our management team. Specifically, we are missing personnel in roles dealing with marketing, product development, and financial analysis. Finding suitable professionals to fill these roles will be essential to the successful execution of our business plan.
Personnel Plan
In order to effectively run our ecommerce dropshipping business, we need to develop and maintain a personnel plan of potential positions that we will need to fill. This table outlines the positions for which we will need qualified personnel.
| Position | Description |
|---|---|
| CEO / Founder | Separate roles for the CEO/Founder and directing the overall vision and strategic direction of the business. |
| Marketing Manager | Responsible for strategic planning and development of marketing materials and campaigns to successfully acquire customers and orders. |
| Software Developer | Technical expertise needed to develop, update, test and maintain the ecommerce software and infrastructure. |
| Financial Analyst | Responsible for financial analyses and projections in order to formulate investment strategies for the business. |
| Customer Service Manager | To manage the customer service team to provide the best possible support to customers. |
| Operations Manager | Oversees daily operations and manages all aspects of the order fulfilment process. |
Company History and Ownership
Barely Digital was founded in 2021 by a team of experienced business and dropshipping entrepreneurs in San Francisco, California. Our mission was to make ecommerce dropshipping more effective and accessible for small to mid-sized businesses. We recognized the necessity of having a formidable supply chain and delivery/logistics services to help small business owners began their journey of dropshipping.
Having a robust supply chain and delivery services are the key to success for any ecommerce store. With Barely Digital, we offer an extensive suite of services to address these needs. We offer product sourcing, startup coaching, order fulfilment, customer service solutions, delivery/logistics solutions and ecommerce marketing solutions to our clients.
Our team is highly experienced and well-versed in the dropshipping market. Our CEO and COO have decades of hands-on experience in ecommerce and retail, while our Head of Strategy is an industry veteran with years of experience in delivery services and logistics.
Our team works hard to ensure that our clients have a successful and profitable dropshipping experience. We are committed to providing the most advanced and up to date technologies, strategies, and services to enable our clients to take advantage of the current dropshipping trends.
Milestones
The milestones section of our ecommerce dropshipping business plan will define a detailed roadmap in a table format of specific goals and objectives we will strive to achieve in order to effectively manage and steer our business. We will identify objectives for each quarter and lay out clear timeline and key performance indicators (KPIs) for measuring success. This will ensure our business meets its goals and remains ahead of any competition.
Key Metrics
Business metrics and KPIs (key performance indicators) help you gauge the overall performance and health of your ecommerce dropshipping business. Some key metrics to focus on include:
- Number of orders/transactions
- Revenue and profit
- Average order size
- Cost of Goods Sold (COGS)
- Gross margin percentage
- Total revenue
- Customer Acquisition Cost (CAC)
- Customer Lifetime Value (CLTV)
- Average Customer Value (ACV)
- Return Rate
- Turnover Rate
- Lead Response Time (LRT)
By monitoring these key metrics, you can proactively identify and address operational issues, improve the overall performance of your business, and maximize ROI.
What you Get With Ecommerce Dropshipping Business Plan Package
| 6 Chapter Business Plan Template in MS Word | Free Pitch Deck Template in PPT |
| 5 Year Financial Model Template in MS Excel | Free Financial Dashboard Template in MS Excel |
| Immediate Download After Purchase | MAC &PC Compatible, Unlocked, NO VBA Macro |
| Bank/Investor/Grant Ready Package | No Accounting Or Financial Knowledge Needed |
VI.- Financial Plan and Metrics
Sales Forecast
We project sales growth over the next three years based on our detailed analysis of the ecommerce dropshipping market. We have created a sales forecast table to illustrate our analysis.
The graph below shows our projected sales for the three years. This forecast can be used to evaluate our performance, identify trends, and make adjustments to our strategy.
| Year | Sales |
|---|---|
| Year 1 | $50,000 |
| Year 2 | $62,500 |
| Year 3 | $75,000 |
Ecommerce Dropshipping Financial Plan Key Inputs
Expenses
Every business needs to plan for expenses, and an ecommerce dropshipping business plan is no different. Expected or incurred costs necessary to start and operate your business need to be budgeted for. Below we present two tables: one for startup costs, and one for operational expenses.
Startup Costs
| Item | Cost($) |
|---|---|
| Domain Name | 10-50 |
| Website Hosting Plan | 5-20/month |
| Website Design & Development | 100-500 |
| Marketing & Advertising | 150-1000 |
Operational Costs
| Item | Cost($) |
|---|---|
| Dropshipping and Shipping Supplies | 50-200 |
| Payment Processing Fees | 2-10% |
| Taxes | Varies |
| Employee Salaries/Contractors/Subcontractors | Varies |
| Ongoing Maintenance | 10-100/month |
Financial Plan
This part of the business plan is where you present the three main financial documents of any startup: the income statement, the cash flow statement, and the balance sheet. The income statement outlines the business’s revenue, expenses, and profits over a given period of time. The cash flow statement shows how cash flows in and out of the business over a given period of time. Finally, the balance sheet shows the overall assets, liabilities, and equity of the business at a certain point in time. Together, these documents will provide a complete picture of the financial strength and position of the ecommerce dropshipping business.
Ecommerce Dropshipping Financial Plan Profit & Loss Statement
Ecommerce Dropshipping Financial Plan Cash Flow Statement
Ecommerce Dropshipping Financial Plan Balance Sheet Statement
Personnel Plan
We intend to hire employees who are experienced in the ecommerce and dropshipping industries. These employees will be responsible for fulfilling orders, reconciling profits and losses, and managing customer service inquiries, among other duties. Employees will be compensated on an hourly rate, and their overall compensation package will include medical insurance and other benefits. We will also adhere to local, state, and federal regulations that govern employee rights and fair wages.
Employees will be supervised by a team of experienced managers who possess specialized knowledge in customer relations, accounting, and ecommerce operations. Each manager will be expected to lead and motivate others, while adhering to the strictest standards of ethical and legal behaviour.
In addition, we plan to work with freelance digital marketing professionals who can manage our online brand presence, SEO campaigns, and other marketing initiatives. This will help us reach out to new customers and establish our presence within our target audience.
Capital Requirements and Use of Funds
The capital requirements for our ecommerce dropshipping business need to be carefully calculated and should reflect our necessary startup costs. This includes, but is not limited to, expenses for our website and ecommerce platform, inventory and shipping, marketing, office and staff costs, as well as any other necessary expenses. We anticipate that our capital requirements in the first two years of business will range from $25,000 - $35,000.
A significant portion of our capital will be used to purchase inventory and to fund our marketing efforts to build brand awareness. Our target audience is young, tech-savvy consumers and our marketing efforts will target digital platforms such as social media and online advertisements. In the second year of business, a significant portion of our capital will be used to expand our inventory and develop new products.
Our goal is to use the capital raised to enable us to quickly and efficiently launch our business and become a competitive ecommerce dropshipping company. Our investors and lenders can be assured that their funds will be used responsibly and accordingly to help make our business a success.
Exit Strategy
Our exit strategy is to sell our ecommerce dropshipping business to a larger firm after five years of successful operation. We plan to invest heavily in the business so that it is attractive to potential buyers and has a high selling price. We anticipate that the sale of the business will generate a significant return on investment (ROI).
To facilitate the sale of the business, we plan to focus on our most successful product lines, as well as increase our presence in the international market. Additionally, we plan to build up a strong and loyal customer base. By investing heavily in marketing and advertising, we are confident that the brand value of our ecommerce dropshipping business will increase dramatically.
