Business Plan For Online Retail Store Significant Experience College Essay
A small portion of our investment will be used to create an online clothing store.
There are inexpensive e-commerce tools that provide a very easy way to create an online boutique store where we can sell our fashions all over the world.
Our company will earn revenue from our customers’ purchases of our products.
Booming Boutique’s first-year income statement illustrates a profit margin of at least fifty-two percent, with a net income of ,075 per month – after taxes.
And to that end, we plan to promote our retail business with an ambitious, targeted marketing campaign, which will include a grand opening event, local media coverage, print advertising and a direct-mail campaign.
Our goal is to keep our marketing budget to no more than 5% of our gross annual sales, and we will partner with local organizations such as the Chamber of Commerce and Downtown Merchants Association as often as possible.
Booming Boutique will be located in downtown Pleasantville, Florida.
Our company is a retail establishment selling fashionable women’s clothing to up-and-coming Baby Boomer retirees.
Booming Boutique is a multi-member Limited Liability Corporation formally organized in Florida.Robin Mathews and Joanna Jensen are co-owners and will co-manage Booming Boutique.Mathews has worked ten years in the retail industry, including four years as the manager of an antique furniture shop.She earned a BA degree in finance from Britannica College in Tampa, Florida. She’s worked with designers, wholesalers and retailers for roughly 20 years.Jensen holds a BA in fashion merchandising from Colliers Fashion Institute in Miami, Florida.Finally, we have determined our break-even point will equal no less than ,500 in total monthly sales.We project our annual profits to reach 0,000 by year three.54 percent of the total population is women who have a median age of 48. We will initially seek customers locally, but will increase our reach as we build our brand and secure our image.Booming Boutique recognizes the importance of marketing.Download this Clothing Business Plan free for easy editing in Microsoft Word: Booming Boutique is a start-up retail establishment that will sell fashionable clothing to women of the Baby Boom generation.We will locate Booming Boutique in downtown Pleasantville, Florida, which is a popular retirement and tourist destination.