bolibids.com 1 Page Business Plan
Overview
bolibids.com has a clear business objective to develop, produce, promote and distribute movie memorabilia auction products and services. These products and services have been developed over 1 month with a core focus on addressing the key customer problem and associated opportunities.
The Business Objectives
When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to acquire new customers. Customer acquisition is considered to be the critical activity and we are seeking to grow the number of customers. We understand that customer growth could be at the expense of profitability, and that there is a cost associated with customer acquisition. Our long term objective is to build a clear customer acquisition process.
The Customer
bolibids.com has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as pride of ownership of some thing that money can't buy. This is a critical issue for our selected target market of internet savvy youth.
The Value Proposition
bolibids.com is uniquely positioned to deliver value to internet savvy youth. "bolibids.com will provides buying and owning options of memorabilia used by your favourite stars." In order to be deliver on this value proposition, we unique connect with the movie industry to be able to provide authentic and guaranteed movie memorabilia. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.
Competitors
We have a number of competitors within the movie memorabilia auction market. We consider our key competitors to be: Any other auction suite which can sell these products. Also any online selling site that can integrate similar products.. Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Any other auction suite which can sell these products. Also any online selling site that can integrate similar products. by Connect with the movie industry. Only site focused on movie memorabilia..
Key Strategies
Over the next 6 months our focus will be to Get the best movie tie up continuously. Get the entire range of memorabilia. Connect with audience on social media. Drive online sales.. This task will be undertaken in the context of our broader strategy to Generate at least one million customer base with average transaction value of over two hundred dollars for an average of 500 customers being active p per week.. These strategies are a tactical implementation of our overall business goal as outlined above.
Milestones
Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: first 1000 customers 500 movie Tie ups 1000 customers with average of 5 transactions each
About this document
movie memorabilia auction Business Plan
This document was created by Bedraj of bolibids.com using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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