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Our website, "SHEIN", will provide a centralized platform where users can find the best local deals and discounts in their area. The platform will feature offers from women and the local dealers.A variety of categories in shopping, entertainment,selling and services. By aggregating local deals, we aim to help users save money while driving traffic and sales to local businesses.
Market Analysis
The SHEIN is growing as consumers increasingly seek value for their money. With the rise of e-commerce and the digital economy, there is a significant opportunity to capture a portion of this by providing an easy-to-use platform that highlights local deals with our women. Our target audience includes budget-conscious consumers, families, students, and young professionals and WOMEN too.
Business Models
Our revenue models will include:
- Advertising: Local businesses by women can pay to have their deals featured prominently on our website.
- Marketing: Earning commissions from partner businesses for deals purchased through our SHEIN platform.
- Subscription Services: Offering premium memberships for users to access exclusive deals and discounts.
Development Plan
The development of SHEIN will be executed in the following phases: Do check out...!
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Phase 1..
Research and Planning
- Conduct market research to identify key areas of interest and potential competitors.
- Develop a comprehensive business plan and marketing strategy.
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Phase 2..
Website Development
- Design and develop a user-friendly website with a responsive interface.
- Implement a robust backend to manage deals, user accounts, and analytics.
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Phase 3..
Launch and Marketing
- Launch the website and conduct an initial marketing campaign to attract users and businesses.
- Utilize social media, SEO, local advertising to drive traffic to the site.
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Phase 4..
Expansion and Optimization
- Expand the database of deals and partnerships with local businesses.
- Continuously optimize the website based on user feedback and data analytics.
Marketing Strategy
Our marketing strategy will focus on:
- Social Media Marketing: Leverage platforms like Facebook, Whatsapp,Instagram, and Twitter to reach our target audience especially woman.
- Search Engine Optimization (SEO): Optimize our website to rank highly on search engines for relevant keywords.
- Partnerships: Collaborate with local influencers, bloggers, woman entrepreneurs to promote our platform.
- Local Advertising: Use flyers, local newspapers, FM radio to reach potential users in specific regions.
Financial Plan
Initial funding will be sought through a combination of personal investment, angel investors, and possibly crowdfunding. We aim to achieve profitability within 18 months by scaling our user base and increasing the number of participating businesses.
Closure
Shein aims to become the go-to platform for consumers looking to save money on local deals and discounts, while also providing a valuable marketing channel for local businesses. Through strategic planning, effective marketing, and continuous improvement, we are confident in the success of this venture.