Business Idea Creation Final

Business Idea Creation Final - Customers Store AC Wholesale...

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Wholesale Store D Catalog: Shoes S Wholesale Store C Catalog: Shoes S Wholesale Store B Catalog: Shoes S Wholesale Store A Catalog: Shoes S Online Wholesale Center Customers Catalog: Shoes S Warehouse Pack together Local Pick Up from Wholesale Store Compare price from suppliers Customer Make Payment Clear the payment to Suppliers Customer Leave the Feedback Ship To Customer Business model: Student: Liuan Yang 0905224 Executive Summary Idea is base on the model of Drop ship which widely speared among internet. However, Drop ship is from the factory to drop ship website to customer. It's Company will located at a warehouse in Harwin Dr, Houston 77036, there is not real store only warehouse and office. Buy the item from Harwin wholesale suppliers, sale to wholesale customers online. No inventory required, list all the items from suppliers and list in self hosting website. Purchase the item only after customer made the payment. Chart 1 Flowchart of Wholesale Drop Ship Table 1 Compare between Online Wholesale And Sam's Club
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Online Wholesale Sam's Club Target Market Small Business All Over U.S. Local Small Business Requirement Minimum $100 Purchase Tax ID and Annual Fee Price 40% off to Wal-Mart 20% off to Wal-Mart Advantage Save Time Easy Information Large Selection Range No Warehouse Expense Get the merchandise instantly Easy Return Stable Inventory Brand Recognize Disadvantage Unstable Inventory High Shipping time and fees Limit Selection Range High Warehouse expense As we can see from the table, both Sam's club target and us are target at small business, but Sam's club required Tax ID and Annual fee, this will be a barrier for new small company. They are not sure for their future and some of them a personal seller in Radeo Show or some entertainment place. Besides, our product is also different. Sam's club might focus on the popular item and most of them are daily use. However, we will cover more professional merchandise such as belly dancing scarf, pashmina scarf, electric oil warmer etc. This kind of special item you will never find in Sam's club. The Innovator's scorecard cover most of the aspects when I trying to start a business. Innovator's scorecard also weighted each factor of which has effect to the business. Including the preparation, partner issue, competitors, financial status, I believe that it is a really tool to help me remind if there is any aspect that I did not think fully before I start. To raised the score of
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innovator's scorecard, I have to have more statistic to support the model. Since the wholesale drop ship is rear found right now, and doesn't have previous case to analyze, we can't foresee that how the business will go. According to the scorecard, our bad competition did not score well. Since the L.A. and New York can easily get a lower price than us. So, we have to move faster
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This note was uploaded on 05/03/2010 for the course BUSINESS EDE 6351 taught by Professor Drsummers during the Spring '10 term at Harrisburg University.

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Business Idea Creation Final - Customers Store AC Wholesale...

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