...How to start online business in Malaysia. * Effective 1st July 2013, all online businesses need to comply with the Malaysian Consumer Protection (Electronic Trade Transactions) Regulations 2012. * As reported in all major newspapers on 16th Sept 2014, Chief Executive Officer of the Companies Commission of Malaysia (SSM), Datuk Mohd Naim Daruwish had again reminded people that do business online to register with SSM. This includes business that sells their product through social networking sites such as Facebook and Instagram. * It is an offence punishable under the Registration of Business Act, if they failed to do so. The maximum fine is RM50,000 or jailed up to two years. This is not a small matter and for people that try to supplement their existing income, it is not worth the risk. * Datuk Mohd Naim mentioned that cost of registration is only RM30 and the registration is a simple process. They will also gain from other benefits such as access to microloans and insurance coverage. * To catch these errant online shop bosses, SSM is working together with Malaysian Communications & Multimedia Commission to identify these people. How to Do Online Business in Malaysia To recap, to start an online business in Malaysia, you need to: 1. Register with MMC, if your business activity relates to telecommunication sector. 2. Register with CCM as a business enterprise 3. Get a domain name, a hosting account and a properly designed website. If you want...
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...ACCESSORIES Business Plan ©2015 www.marcwenn.com 1.0 Executive Summary MARC WENN will be run as an online fashion business which provides luxury garments and accessories, without the luxury price tags. The business is at its start-up stage with business operation which commenced less than six months. The businesses made over £8,500 within two months of its business operation and currently have about 40,000 followers on major social media such as Instagram, Twitter and Facebook. Its business strategy is designed to deliver e- commerce business and online shop which is gradually replacing the traditional shop premises on the high streets, as a way of reaching the target market. The business is positioned to provide a strong brand identity that is able to affect customers’ behaviours by building emotional connection that is able to reinforce buying habit. The business is named MARC WENN to differentiate its various products from similar offerings, hence attract customers to the business and draw traffic to the business online shop. The increase in the use internet and speed of browsing in our society will provide a huge opportunity for this business to strive. More and more users especially among younger target customers have access to the use of internet for variety of fulfilling purposes, including for shopping. Currently, the main demographic for the business is male age 18-30. The business hopes to extend this to cover other users in a gradual stage of its business development...
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...Benefits of Internet Business The Internet has become the biggest library of information for prospective buyers online. Emerging as the most powerful selling tool, internet business offers cost effective ways for small businesses to market their products or services. Hassle free transactions and vast information available is what keeps the customers coming back for more and more. Benefits of internet business are many. Browse through a few of them: 1. Minimum Costs: Setting your internet business site can be done at minimum costs. Office space, office supplies, job expenses, travel expenses, meals , entertainment, phone etc; expenses are done away with. 2. Low Operating costs: Once your internet business is set up, operating expenses like hosting fees, merchant accounts, etc are also minimal. 3. Market Selectivity One of the advantages of internet business is market selectivity. One can focus on specific interest areas and target market segments. 4. Tracking and Time saving The internet businessmen enjoy the luxury of tracking current and potential customers. They get valuable feedback immediately on how users interact with their brands. Valuable time is not lost. 5. Flexibility There is complete flexibility in internet business and web communication, twenty - four hours a day seven days a week. This is of great convenience for both the buyer and seller. 6. Advertise for free. This is another advantage of the internet business. One can write an article and publish it or you can...
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...Online Business Abstract This paper includes the process of online business; how to sell a product, advertising, various ways to create awareness and how to become a reseller. Laws and conditions for an online business. Online Business Introduction This article includes the process of online business; how to sell a product, advertising, various ways to create awareness and how to become a reseller. Additionally it consists of Laws and conditions for an online business, spamming, electronic signatures and online sales tax. Online Business At the very start, internet revolution was known as a world wide web that would change everything. In 1990s, the concept of "online business" was created, this business is known by various names such as dot-coms, e-biz etc. which made easier to start a business on internet and inexpensive as well. Whether it's a big or a small, local or international it can reach infront of the world very easily. Thousands of ventures have been made on internet for online business on the basis of brick and mortar. Online business is not different from any other venture. Same rules and principles are applied. First thing to start up a business is to create a business plan and think of how to make money. Some of the options which should be applied for an online business includes, sell products, sell advertising, sell information, sell services and to become a reseller. All of these options are complied together. For any virtual business an individual...
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...the most downtrodden of economic times and perhaps even more during those times, the dream of starting a new business venture burns brightly in many people’s minds. The advantages of having a small online business range from lower start-up costs than brick-and-mortar operations to more streamlined administration. But successfully running an online business is far from easy. The moment a business decides to enter the online world, the very first challenge is creating a reliable website. A good designer can accomplish this, but a high-quality website is more than just visual attraction; it should also function smoothly and be designed for carrying out business. So the first issue that we faced is lack of computer expertise. We needs to possess more than a basic knowledge of the Internet to do business online. Necessary skills include knowing how to set up a website for business purposes and how to market our business online. Instead of this, we had do observation or google searching and read for relevant article or teaching materials either technology resources or visitor engagement resources. Another issue is limitations of business types. Some types of businesses may not be suited for the Internet, particularly those products involve the use of the senses. For example, if the unique selling point of our product is its pleasant aroma. After we decides to selling snacks online we just realise that we are facing this problem. So we decide to sell those famous and top selling Japanese...
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...Running head: Starting an Online Business Starting an Online Business BBA 3331 Introduction to E-Commerce Columbia Southern University Introduction Today’s business ventures have a much different look from the start-ups that came about 50 plus years ago. With the fast rise of computers and the internet age, starting a business has become more streamline than ever and more achievable to anyone that is willing to take a chance at making a difference for themselves. The World Wide Web has sparked an excitement within the online company community promoting the creation of more and better tools that make doing business online better than ever. Starting an Online Business Before an online business can be started, one has to make the decision of what they will be promoting for this venture, either to provide a service or some sort of product. It is important that you find something that you will be well suited for or would be a “good match” for you. (Stephenson 2014) Do you have an interest in this particular service or any experience that you can pull from that will guide you through the building process of your online site. I find it very important to find something that will keep you interested and engaged so your business won’t fall to the wayside. If this is something that is interesting to you as the owner, then you will be willing to have more of an interest in keeping it going. It would prove extremely hard to stay motivated and overcome any challenges that arise...
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...Online Marketing Guide Tips + Advice to Grow Your Business Through Online Marketing The Small Business Why you should be marketing online Case study: How Happy Hound gets 90% of its sales online 10 things you can do today to boost your online marketing Worksheet: How you can get started Contents 4. Why Your Business Needs to Market Online 6. 10 Ways to Use the Internet to Grow Your Business 9. Measuring Your Results 10. Tip a Day: Map Your Path to Online Success 12. Case Study: Happy Hound 13. Online Marketing: Something for Every Business 14. Key Terms 16. Worksheet Suzanne Golter of Happy Hound dog day care and boarding 2 Welcome Every day we hear from business owners who think they need special skills to reach new customers online. Overwhelmed by the number and seeming complexity of online marketing options, they sit on the sidelines, eager to get in the game but confused about where to start. Sound familiar? If so, this guide is for you. Whether you’re new to online marketing or just looking to do it better, the advice in this guide can help you reach your business goals. You’ll learn: • How many new customers you can find online • 10 ways to use the Internet to grow your business • How to measure your results • How one small business gets 90% of its sales online • Key terms and what they mean We’ve also created a daily tip sheet filled with ideas to help you get started as well as marketing plans for four different types of businesses. Get started right...
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...SECTION- A PART ONE:- 1) b. Information 2) b. Relevance 3) a. Produce pay checks and payrolls reports 4) c. Development of financial budgets and projected financial statements 5) a. Executive Information System 6) b. Who are members of the same company or organization 7) d. Telegram 8) a. Online Transactional Processing 9) b. Localization 10) b. Activity control PART TWO:- 1) The concept of strategic information systems (SIS) was first introduced into the field of information systems in 1982-83 by Dr. Charles Wiseman, President of a newly formed consultancy called "Competitive Applications," (cf. NY State records for consultancies formed in 1982) who gave a series of public lectures on SIS in NYC sponsored by the Datamation Institute, a subsidiary of Datamation Magazine. In 1985 Wiseman published an article on this subject (co-authored by Prof. Ian MacMillan) in the Journal of Business Strategy (Journal of Business Strategy, fall, 1984) In 1985 he published the first book on SIS called "Strategy and Computers: Information Systems as Competitive Weapons" (Dow-Jones Irwin, 1985; translated into French by Bertrand Kaulek and into Italian by Professor Fabio Corno of Bocconi University). In 1988 an expanded version of this book called "Strategic Information Systems" was published by Richard D. Irwin. This book was translated into Japanese byProfessor Shinroki Tsuji and published by Diamond Publishing. Over 50,000 copies have been sold...
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...100187Is Second Life Ready for Business? CASE STUDY 1. How can Second Life provide value to businesses that use it? Second Life can be a birthing ground for new industries and transform business, commerce, marketing and learning the same way that the Web did in the late twentieth and early twenty-first centuries. It also can facilitate internal communications and to position themselves at the forefront of the digital landscape in order to recruit tech-savvy employees. Second Life is a low-cost business tool and also a new marketing tool. Companies can use Second Life as a business tool for online conferencing, online collaboration, knowledge management and prototyping. Also companies can test new products using Second Life’s 3-D rendering programs, experiment with new marketing and advertising campaigns to see how people react, receive feedback on real-world products or services. 2. What kinds of businesses are most likely to benefit from a presence on Second Life? Why? Retail businesses that are already used to doing business online may have an easier time of establishing a viable presence on Second Life. They are used to advertising and marketing to customers online and have the systems built for taking orders, accepting payments, and shipping products. Other companies, like IBM, that have established online collaboration systems and online knowledge management systems will probably have an easier time using Second Life as another outlet for these activities. 3....
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...Business Research Report for Online Sales Plan Executive Summary Online sales plan strategies come from various levels within the business organization, ranging from a marketing strategy to sales plan objectives. Greater levels of strategy deal in forecasting the potential revenue increases from the online sales division and creating realistic goals when starting a new division from the existing stores. If the goals are attainable, a successful new online sales operation can be achieved. Practical strategies and tactics can make business objectives real. Gaining market share from established competitors is at the top of most retail business' strategic plans. A number of marketing tactics can help to achieve this goal. Having your stores gather customers’ information to send in an e-mail introducing the new online website will be your first step. A weekly promotion only available by an online purchase will encourage your customer’s to check out the new website on a weekly base. This will lead to consumers trying out your new product and in the future giving you a chance to win new customers. Investing in a printed advertising and sending e-mails can help build awareness of your online sales website in the marketplace. Offering promotions, such as only available through an online purchase, also can encourage your competitors' loyal customers to try your products. It is ultimately the value of your promotional offerings, the balance of product pricing and service...
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...P3: Explain the issues a business would need to consider to go online Introduction In this task I will be explaining all the planning issues that need to be considered before setting up a website and how these issues should be checked. Before setting up a business online, there are a variety of aspects to be considered. This is because if a business sets up a website without planning, anything could happen while the business is running which could affect other things like revenue and sales. The issues to consider include the domain name, Country availability, Copyright and financial aspects. These are some of the things to be checked because they need to be consistent throughout the business. Start-up costs Before going online, a business needs to decide if they have enough money to set up a website, and keep it running. Sometimes a company has enough financial help at first to set up the business but as they start making sales and delivery, the business starts to have trouble. Costs include; advertising fees, paying a technician and if you’re a commercial business, paying for all the equipment needed to take photos for online images. Commercial websites normally need to rent a van for deliveries so that would also be part of the costs. Government websites need to consider how they are Domain Name Business has a wide range of areas with different names, so choosing a domain name wisely is very important because it must be copyright. They need to think about how the website...
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...refused the offer said, "I declined the offer because I wanted to be on my own." The challenge of entrepreneurship was more exciting for him than taking up a cushy job. "Three other classmates and I have planned to start our own business. We plan to start production and retailing of women's lingerie," said Chakravarty, who was serving in the Army before taking voluntary retirement. Vineeta Singh, who too rejected the Deutsche Bank offer will be joining Chakravarty, along with Bhushan Dabir and Vishal Prabhu Khan-olkar. "We did a detailed market research on women's lingerie and found huge customer dissatisfaction. We have a business plan ready," said Chakravarty. "The financing of the project is being negotiated with venture capitalists and if everything goes as per plan we hope to be in the market with our product by next year," Chakravarty said. Source: http://timesofindia.indiatimes.com/articleshow/968988.cms IIM-A alumni run online CAT coaching Though the country’s six Indian Institutes of Management’s Admission Group have decided to make their Common Admission Test (CAT) online from next year, four alumni of IIM Ahmedabad have managed to beat their alma mater in the Net game. Four students of the Post-Graduate Diploma in Business Management, who opted out of the placement process in 2007, already have a Website...
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...AGENDA BUSINESS PLANNING 1. PLANNING FOR A MEETING, TRADE SHOW, EVENT 2. 1 PAGE BIZ SUMMARY-challenging exercise to narrow the scope of the business idea and summarize 3. SNAPSHOT OF A BUSINESS PLAN-details of the sections of a table of contents sections 4. Outline Table of Contents 5. 11-1 TO 11-11 SUM helps research and develop information to complete in chart formats the key information for your written business plan; some charts may be used in your full plan and in your presentation 6. WEB SITE RESOURCES help with information and samples on business plans |EVENT/TRADE SHOW/ MEETING PLAN | | | |DATE: | |NAME: | |LOCATION: ...
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...tHE NATURE AND STRUCTURE OF A BUSINESS BUSINESS AND ENTERPRISE tHE NATURE AND STRUCTURE OF A BUSINESS BUSINESS AND ENTERPRISE Page Number | Contents | 1 | Contents | 2 | Executive summary | 3 | Introduction | 3 | Ownership Structure | 4 | Summary | 4 | Conclusion | 5 | Resources | 6 | Resources | 7 | Resources | | | Executive Summary: The task ahead is to plan, investigate and create Mark and Jodie’s business. There will be thorough investigation to solve the best ownership structure and why. The types of ownership structures that have been over looked include partnership and sole trader. These types of ownership structures could both be very useful for their type of business. Their plan is too start off small and then grow their business with their children. This has to be taken into consideration when deciding on what type of businesses structure is chosen. The information has to be collected from a wide range of Primary and Secondary resources. Introduction: A married couple who have two children are interested in creating a new business, providing a winery bus tour for their local area. Mark and Jodie have a plan to start off small and one day grow into a larger business. Mark would like to start off with a 13 seater van but then over the long term would like to be larger and offer coach tours to wineries all over Australia. Jodie, the wife, would be working in the business as well as hopefully their children one day. The ownership...
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...into movie rental business is fairly risky because of the emerging and established online company offering the convenience of renting a movie without even going to the store and spend the time to browse through hundreds if not thousands of movie selections. Clearly, the buyers have the power to choose and the odds are high. There are so many ways of renting a movie and just to mention some through online like Netflix, Amazon, Apple iTunes, Redbox, VUDU, and not to mention the remaining local movie rental business owned by private investors. The attractiveness of entering into movie rental business is greatly depends on the uniqueness of the products available to the buyer. The suppliers may venture a movie rental business but the odds of success and power is quite low. However, there are still some traditional rentals stores around (usually locally owned business) continue to run because of their uniqueness of products. Differentiation of their products and services being offer are the key factors on the success and continued business of some local stores. Location can also be a factor to their success due to the limited availability of internet and other competitors around mostly on the remote and rural area. One example of supplier having a power to attract customer is that the movies they offered are not available on most online rental, like the older and classic movies or some independent movies mostly foreign that are not usually available online. Also, some rental...
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