How a virtual assistant can help make an effective E-commerce business plan

1. How a virtual assistant can help make an effective E-commerce business plan If you’re someone who is considering building an ecommerce empire of your own, your timing couldn’t have been better. The industrial ecosphere today is highly supportive of entrepreneurs, provided you have an idea that sells. The good news is, you don’t have to do it all by yourself either. Hiring virtual assistants to help make an extravagant business plan for you would be a great option. Don’t you think? An ​Ecommerce virtual assistant ​is an expert in the relative field who will assist you remotely. He/she would aid you in overseeing the process in its entirety, construct a business plan and more. But, hold on! What entails an ecommerce business plan, you ask? Well, that’s exactly what we are going to be discussing here today. Let’s get started! Time Component First things first, before you get down to the nitty gritty details, you must assign an allotted time for your virtual assistant (VA) to work on the plan. This time can also be used for you and the said VA to brainstorm on ideas as well. I can’t stress this enough! This step is imperative if you want to ensure your plan’s sustainability. By doing this you will also gain clarity in laying down a road map, assimilate resources accordingly and have a better sense of awareness and knowledge. Value Proposition Second, the VA will then move on to construct a value proposition, keeping in mind a few basic questions – Is the business plan simple to explain? Is it crisp and easy enough for a commoner to follow through? After these issues have been established and written down, you can try and use it to fit into your ecommerce website as an apt company description. Strategizing the business model As an expert in this field the VA would know exactly how to build a steady framework for your business model. Research and categorizing myriad sections in the plan would be the base of this entire operation. The process will also help weed out necessary details What is the product you’re selling? Physical products: Clothing, shoes, home goods Digital products: Software as a Service products, ecourses, ebooks Services: Consulting services, home cleaning

2. Who are you selling it to? Business to Business: ​You are selling to organizations, corporations and non-profits rather than individual customers Business to Customer: ​This means you are selling to individual consumers rather than businesses Marketplace: ​You are acting as a middleman by bringing businesses and (B2B or B2C) customers to one website. How are you sourcing your product? Manufacture In-house: You make your product or service in-house Third party manufacturer: You outsource manufacturing of your product or service to a third party manufacturer Dropship: You partner with a dropship manufacturer. Basically this means that they make your product, package it and ship it directly to your customer while your company handles the entire customer relationship This will also help you set a USP, an identity of distinctiveness that will set your business apart from the rest. Because, if anything is certain, its competition! In-depth Market and Sales Analysis Before the VA proceeds further, he/she will with your involvement, go into an in-depth market research and analysis to figure out the certain core aspects such as: ● Understanding the Target audience better ● Understanding how the industry operates and tweak the business plan accordingly ● Using various tools (Google analytics for example) and techniques ● Competitor analysis (This should be at the top of your list) ● To determine what kind of marketing plan is best suited to you (Organic, paid etc.) ● Opportunities to pitch your business ideas to And much more. Technological Component Choosing the right technology is primal to the entire process to work out smoothly. Using a VA will aid you as they provide exclusive access to various advanced technology and software at their disposal. For instance, your ecommerce website will probably need a transaction processor, shopping cart software, social media tools and so on.

3. Financial Component There’s no way around this than to say, you have to get your finances in order. Fortunately for you, the VA will set up an organized ledger for the revenue and expenses for you to know where the money is going. Furthermore, finances also determine how many products should be sold to keep your business from going under, how much should you spend on customer retention so on and so forth. Lastly, you will have to tie any loose ends that might prove detrimental to all you have done so far. Review and tweak your ​E-commerce business plan​​to integrate any additions or subtract from what already pre –exists. If you do need additional assistance in this matter, do contact us and let us collaborate on a sure shot winner of a business plan for you!