Future Profit

Tuesday, December 28, 2010

School CD Biz

Running my business that consists of Ecommerce and constant transactions between others and myself will have many steps so this business can prosper. Before the actual webpage is even made I must have a strong foundation of support through the student community. Marketing techniques could help to open this business up more to the public. Once the webpage is up and running this business requires the materials that the business is based around, CDs. Either they are my own or I have bought them from others already, these CDs are my foundation for the business. These CDs need to have a positive impact to ensure that I will be able to proceed in the future with funds that can support this business, enabling me to buy more CDs to sell for profit. After the raw materials (CDs) are owned and have gone through the process of inbound logistics or inbound tracking systems, which is the act of actually receiving the CDs. I will be able to organize the business according to the products. I will have them stored in a warehouse or storage facility that gives me insurance on my goods, also known as raw material inventory control systems. This allows me to end the process of upstream management. There will really be no production step because all of the CDs being sold are already in the state that they need to be in so they can be used. However, once downstream management starts it begins with finished product storage which checks and certifies these CDs so they are fully working and in good condition. Now the CDs reach the online market, these CDs will hopefully be bought and reach the step of outbound logistics, which is also distribution-planning systems. This is the act of the CD being sold and given to the buyer. Now promotion-planning systems plays a massive role in this business because without it, how would the student body ever know that my business even exists. This step is farther along in the value chain, however, for this business I would be promoting my products since the or even before the actual establishment of the website. While the business is operating there will be a need for customer service to ensure the customers that their money is insured and going to the goods they were promised. That step ends downstream management, the business would need their transaction operations and marketing operations to be very strong because this is an Ecommerce business and revolves around specific things.

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