It is stated that I, Patrick Dempsey, have been associated with the ABC company for 11 years. I was the manager of the trade department that governs the import and export of materials for the company. It is a tedious and difficult job to lead a team of 4 members and keep an eye on every trade. In the end, it is important that every trade goes in the favor of the company and not otherwise. Eleven years ago, I started this job as an assistant in the field, and with the passage of time, I made my way up to the senior management of the company. Working all these years, provided me immense knowledge and experience to tackle difficult trades.
A decade of working for the same administration is not an easy job and can be very daunting. For the last 5 years, I have been thinking of starting my own business of import-export and take it to different heights due to my experience. I have always wanted to work with female dresses, bags, shoes, and accessories. But I never gathered the courage to resign from my existing job and set up my own venture. Finally, I have decided to give a practical shape to the idea of individual business on a smaller scale. I have designed a complete plan for my business.
All trade-related businesses are managed by the XYZ department therefore, I seek your approval before setting up. I am attaching my business proposal with the following letter. Kindly consider my request.
Eagerly waiting for your response.
Regards,
Patrick Dempsey
Manager at ABC Company
Introduction
Import is defined as the movement of materials or things from another country into your own country whereas, export is defined as the movement of material from your country to another country. Each trade is arranged to fill the gaps existing in any country. The amount of export defines the economy of a country as foreign currency enhances the growth of a country and its products. This movement of goods has made life much easier and uniform throughout the world. Any material or eatable found in one part of the world can also be found in another part of the world due to trade.
Businesses of import and export made it possible to buy cars, vegetables, furniture, and other goods from around the world. In this field, I want to make my mark as an intermediary who can make things happen without even touching anything physically. All brands of female dress, shoes, bags are not found in each country or each city of every country, so people have to source their garments and accessories through an intermediary.
Brands like Dior, Fendi, Louise Vuitton, Dolce & Gabbana are not found everywhere in the world but they are loved by people from all over the world. People love to wear branded items but cannot obtain them from different counties easily and therefore, intermediaries come in handy for their shopping spree.
Objectives
Setting up a business venture virtually is not an easy task especially when the horizon of the business is broad and cannot be controlled alone. Initial tasks required to set up the business and start it for the public includes,
- Deciding name and policy for the business
- Looking for a suitable location that houses all team members.
- Legalization of business at XYZ department
- Hiring a team of competent and experienced employees
- Purchasing equipment for smooth operations
Keys to success
The success of online businesses lies in the,
- Provision of 24/7 service as any client would like to talk to the customer help without notice any time difference.
- Efficient procurement of orders from customers
- Making sure that the order of the customers reaches them without any trouble
- Packaging of order should be good as it has travel long distances.
- Confirmation of order delivery to the customers in due time
- Providing high-quality products
Products
All the banded female products will be available for purchase. These products include,
- Dresses
- Jewelry
- Bags
- Shoes
- Belts
- Undergarment
- Headpieces
Financials
Every start-up requires money even virtual startups cannot work without money. Complete set up of an office is required to make your mind shift to the working mode. Online work is difficult from office work as you have to force yourself to get out of bed and work because there is no timing and either you work or not is your choice. Following items will require a huge amount of money,
- Rent of the office building.
- Process of hiring people.
- Stationery
- Equipment for procuring orders.
- Online communication
- Utilities
- Furniture
- Snacks
- Pay of employees.
- Marketing
- Investment
Skills
There is no specific qualification required for starting a business of trade, but a basic knowledge of many fields is required. A skill set that helps you survive today’s market can come in handy,
- Knowledge of online businesses and their marketing is required to be successful in a virtual market as competition is very high.
- Communication skills can take you a long way in online business because 70% of orders are based on your conversation with customers.
- Financial knowledge sets you free from being dependent on anyone to take care of your financial affairs.
- Leadership qualities allow you to lead your team in the best possible manner which results in great productivity and enhanced teamwork.
- The background of the marketing field allows you to endorse your services to the public and make them your customers.
Marketing strategies
The success of a business, either online or offline depends on its marketing. It is because more people know about a business, more sales would be done. Some of the strategies that can be employed include,
- Posts on social media to gain the attention of the public.
- Using social media specialists such as influencers or content creators to back your business by providing them free items.
Preview
No. of pages = 4 | Download
