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Executive Summary:
Popular culture is no longer regional. The advent of cable television, syndicated radio programs,
and the Internet has created a world where a fashion statement in Pakistan will be on the streets in
a matter days. The speed of our telecommunication system has increased young customers'
expectations and demands for products that represent their own cultural statement.
ASR’s will offer young customers, in small towns and communities all over Pakistan, the youth-
oriented products and clothing that are popular nationwide.
The difference between ASR and other youth-oriented e-commerce websites is that ASR is focused
on its small-town customers. The target customer is a young person, age 13-18,18-25 who listens
to alternative music and participates in youth sports. Our target customer will look toward
alternative clothing trends in large urban areas as their inspiration. ASR will exclusively advertise
in small communities with populations between 100,000 and 150,000 residents. All the customers
of ASR get from the web what they want.
2.Business Description:
The business description of ASR includes its mission, objective, value preposition and product and
service provided by us.
2.1. Mission:
The mission of ASR is to offer distinctive youth-oriented fashion and products to all over Pakistan.
The project objective of ASR describes the project’s outcomes: intended and direct, short- and
medium-term effects on the target group. our project objective lie within the scope of the project,
and are able to directly attribute the effects to the project.
ASR knows that A value proposition defines the benefits of company's products and services offer
to the customer. This short statement, based on Business Concept Statement, should express the
essence of business in a way that compels the customer to buy.
A value proposition is a valuable and helpful tool for ASR team to make marketing efforts. Here
are some benefits that ASR receive by having a clear, compelling value proposition:
ASR is offering young customers the following youth-oriented products and clothing:
Shoes.
Jackets.
Sweaters.
Shirts.
Pants.
Bags.
T-Shirts.
Girls party dresses.
Eyewear.
Time pieces.
Girls and boy’s casual dresses.
Head phones.
Jewelry.
Girls part and casual cendols.
ASR’s Accessories
Web Site Address: www.asraccessories.com/pk
Mission Statement
The goals of a firm must be task oriented, short term, specific and challenging. Goals of a firm
confirms the performance and also time efficiency of task performance. ASR is a business which
has clear thoughts related to its accomplishment by keeping the things which can make a good will
for organization in view, the business goals of ASR are as follows:
Implement an online store that contains a range of top quality ASR Accessories that our
customers will want to buy.
Explore the fashion world for our customers.
Create a well-designed website that is fast, easy to navigate, responsive and gives visitors
the information they need.
Setup a product distribution system that offers flexibility and reliability to our customers.
Promote ASR Accessories in traditional and online media.
Provide quality products with reasonable price.
To design our accessories according to the need and taste of the consumers.
Put in place a management structure that is able to accomplish the business of ASR
Accessories efficiently and profitably.
Create a feedback system, so that we get the views of the customers about our products.
To choose the best way to deliver goods, so that the customers get their orders on time.
Providing customer service through information.
Provide a complete information system which help customers to access website easily.
A business model refers the methods followed by a business to deal with customers and earn profit
in which different Methods are used to attract consumer and satisfy them. ASR accessories are
providing young girls and boys the youth-oriented products like; Shoes, Bags, Jackets, Sweaters,
Pants, shirts, hats, girls party dresses, Girls and boys casual dresses, T-shirts, time pieces,
eyewear’s and many others so dealing with customers no middle man is required site directly deals
with customers to fulfill their needs so the model used by site is B2C and C2B:
Model of ASR:
Business model of ASR create a Direct relation between customer and business organization it
helps us in understanding the need of customer so that we can fulfill their requirement. In our
model we present that customers directly place order without any help of broker or middle man so
a strong relation built between us and customers which is beneficial for consumer and as well as
for organization.
5.1. How People can buy from site?
You’ll need:
Step 2: You will see a range of products provided by us, select your choice
Shoes.
Jackets.
Sweaters.
Shirts.
Pants.
Bags.
T-Shirts.
Eyewear.
Time pieces.
Head phones.
Jewelry.
Fab Glory Women's Faux Georgette Semi Stitched Designer Salwar Kameez
Your details
Please note we only ship in Pakistan mainland and we only deliver products to cardholders addresses
You will receive an email confirming that your order has been received. We often send a second
email once an item has been posted.
2.i.Use Email
we useMarketing to Remind
e-mail marketing Customers
to promote to Shop
our business
An example of a Scott’s Marketplace email that features our online sellers’ products.
When we have new stock or any new brand we mail it to customers so that they can avail it and
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and persuasive, yet succinct, content that links directly to each product for easy purchasing.
ii. Guest Blogging:
When you have sales, be sure to announce and promote them via email so customers can
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Some online marketplaces, including Scott’s Marketplace, promote their sellers’ products to
iii. Branch Out with Social Media:
their massive database of shoppers through email marketing as well.
Social media is very helpful in promoting business so we throw different ads and other learning
tutorials to aware people about our business. The following are some means through which we
promote our self:
Twitter
Instagram
YouTube, Google
As the technology is growing fast the use of internet has been increased with 70% so we through
ads on internet so while surfing net they can pass through the eyes of customer.
6. Market Analysis:
“A market analysis is an assessment, which allows you to determine how suitable a particular
market is for your industry.’’
According to the survey in Pakistan the population of teens (age 12-17), in 1999 was 23.4 million,
which represents 8.6% of the total Pakistan population. Teenagers influence:
ASR use cost-plus pricing to set its prices for its products and services. Cost-plus pricing is a
pricing strategy in which the selling price is determined by adding a specific dollar amount markup
to a product's unit cost.
Specialty youth clothing and products has grown into a billion-dollar niche in the clothing industry.
The popularity of the Internet with young people has been well recognized and has generated the
launching of a number of online stores by companies selling to that market segment. Most of these
stores have retail outlets in large urban areas that serve as the distributional vehicles for online
shopping.
ASR use internet to make the customers aware of the products and services it produces and
convince them to purchase its products or services by making online attractive adds, videos etc.
The Internet is an available shopping tool for our target population. 64% of teens countrywide use
the Net at home. The majority of teens, 55%, consider using the Internet better than watching TV.
Families with teens are more likely to have Internet access than other families.
Online shopping by teenagers between 13 to 18 years in age is expected to total about $300 million
in 2002 and is fast-tracking at about twice the rate of online shopping by adults. By 2017, teenagers
are expected to spend $2 billion annually online. By 2020, a clear majority of young consumers
will shop online. The top five purchases made by teens online, based on sales volume, are
CDs/cassette tapes, clothing, books, computer software, toys and clothing.
7. Target Markets:
“A specific group of consumers at which a company aims its products and services.”
ASR will focus on primary as well as secondary market.
A primary target market is the segment of a marketplace a business believes will give it the best
chance to sell. A primary target market may not be the largest segment of a marketplace. This
includes customers that are most likely to buy products or services from ASR.
A secondary target market is simply the second most important consumer segment ASR would
like to target. It's not a primary customer base, and may have less money or fewer demands for
product. The secondary target market has the next greatest potential to buy now or in the near
future or to influence someone else to buy from you. Though it doesn’t generate as much revenue,
the secondary target market is worth marketing efforts because of its relation to, and potential
influence on, the primary target market.
Over the past ten years, there has been a reflective change in population aspects in the Pakistan.
The non-metropolitan population has been growing at almost the same rate as the urban population.
Today, there are millions of young people who don't live near a large urban center that offers the
diversity in clothing products that the minority culture demands. This has created a small market
place for businesses to sell clothing and products to young people who live outside the urban areas.
This is particularly true in communities with a major institution located in the community.
Currently, only regional malls offer access to the fashion and styles that young people want.
Unfortunately, the focus of these mall stores is only on the mainstream of the minority market.
Alternative clothing and products are hardly available outside the urban area. This is true because
the companies that create the clothing and products are small and sell primarily through urban line
shops.
• Subculture Association: Though insubordinate, teens also want to balance in and be accepted
by peers. They seek a community of peers to welcome them in, as well as help them stand out.
• Attitude: Teenagers wear attitude like a uniform to give definition to their identity. This spreads
to clothing, hair style and the type of music listened to in public. They also react to humor,
stupidity, and disrespect more easily than to other styles.
It is ASRs' plan to bring alternative fashion and products to small towns via the Internet. We will
create a business identity that will capitalize on the subculture association and attitude of our target
customers.
Communities (100,000 and 10% 6,000 6,600 7,260 7,986 8,785 10.00%
150,000)
8.Competitor Analysis
Subtotal Direct Cost of Sales Rs. 100,740 Rs. 164,000 Rs. 210,000
Forecasted Balance Sheet:
The following table shows the forecasted balance sheet for three years.
Assets Year 1 Year 2 Year 3
Current Assets:
Cash Rs. 137,293 Rs. 168,118 Rs. 220,978
Inventory Rs. 6,270 Rs. 10,207 Rs. 13,070
Other Current Assets Rs. 19,800 Rs. 39,600 Rs. 59,400
Total Liabilities and Capital Rs. 206,223 Rs. 253,646 Rs. 322,028
Cash Flow Statement:
The following table shows the forecasted cashflow statement for three years.
Income Year 1 Year 2 Year 3
Cash from Operations:
Cash Sales Rs. 395,650 Rs. 610,000 Rs. 750,000
Subtotal Cash from Operations Rs. 395,950 Rs. 610,000 Rs. 750,000
Additional Cash Received:
Sales Tax. VAT, HST\GST Received 0 0 0
New Current Borrowing 0 0 0
New Other Liabilities 0 0 0
New Long-term Liabilities 0 0 0
Sale of other Current Assets 0 0 0
Sale of Long-term Assets 0 0 0
New Investment Received 0 0 0
Subtotal Cash Received Rs. 395,950 Rs. 610,000 Rs. 750,000
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations:
Cash Spending Rs. 177,600 Rs. 192,600 Rs. 212,000
Bill Payments Rs. 103,957 Rs. 364,975 Rs. 463,540
Subtotal Spent on Operations Rs. 281,557 Rs. 557,575 Rs. 675,540
Additional Cash Spent:
Sales Tax, VAT, HST/GST paid out 0 0 0
Principal Repayments of Current Borrowing 0 0 0
Other Liabilities Principal Repayment 0 0 0
Long-term Liabilities Principal Repayment Rs. 21,600 Rs. 1,800 Rs. 1,800
Purchase Other Current Assets Rs. 19,800 Rs. 19,800 Rs. 19,800
Purchase Long-term Assets 0 0 0
Dividends 0 0 0
Subtotal Cash Spent Rs. 322,957 Rs. 579,175 Rs. 697,140
Net Cash Flow Rs. 72,693 Rs. 30,825 Rs. 52,860
Cash Balance Rs. 137,293 Rs. 168,118 Rs. 220,978
Cash Flow Statement:
The following table shows the forecasted cashflow statement for three years.
Income Year 1 Year 2 Year 3
Cash from Operations:
Cash Sales Rs. 395,650 Rs. 610,000 Rs. 750,000
Subtotal Cash from Operations Rs. 395,950 Rs. 610,000 Rs. 750,000
Additional Cash Received:
Sales Tax. VAT, HST\GST Received 0 0 0
New Current Borrowing 0 0 0
New Other Liabilities 0 0 0
New Long-term Liabilities 0 0 0
Sale of other Current Assets 0 0 0
Sale of Long-term Assets 0 0 0
New Investment Received 0 0 0
9. Operations:
Arqam has been the manager of ASR Accessories for five years. ASR Accessories is a mail-order
business that focuses on young generation ages 18 to 35. She supervised a staff of 10 and was
extremely effective in keeping the business cost effective as sales grew 50% over a two-year
period.
I. Business Location:
As ASR Accessories is an online business, so the primary location of the business is internet and
our business website is www.asr/accessories.com.pk. And our physical outlet is located in Liberty
Market.
ASR Accessories have a secured software application which secures the confidential information
of company and secures the profiles of customers. We use the latest and updated software and
equipment which allows the production of unique and highly efficient products.
III. Production and Operating Procedures:
The goal of ASR Accessories id to turn visitors into buyers. We provide an online experience that
makes it easy for visitors to find the products they need and complete a secure purchase. Our
production and operating procedures involves the following five steps:
Information:
We provide comprehensive product information for visitors, using photographs, videos and text to
demonstrate product features and benefits.
Mobile:
We modify our website content so that it is easy to use on mobile devices, such as smart phones
or tablet computers.
Ordering:
Our ordering process is very simple, with the minimum number of clicks between order placement
and checkout.
Checkout:
We have designed the checkout stage so that it does not frustrate customers at the final buying
stage. We show the full cost, including price, taxes and delivery charges before requesting payment
details.
Relationships:
We build relationships with our customers to encourage them to return to our website. We ask our
customers to provide feedback, or reviews of the products they have bought, to encourage
interaction.
Purchasing procedure is related to consumer because the problem occur with customers is how to
purchase so The purchasing procedure is completely define in the web business model.
V. Inventory Management Procedures:
Inventory management for online businesses is as complex as it is vital to their success. However,
ASR Accessories manage multiple factors of inventory management simultaneously and provide
fully functional and updated platform by the right amount of stock.
The following is a comprehensive list that how ASR Accessories efficiently manage their
inventory:
Real time inventory information is provided which involves the updating of inventory
records.
Forecasting for inventory management which includes foreseeing demand or certain
products and the locations and quantities in which they will be required.
‘’Inventory velocity’’ which describes the time it takes to sell a particular item within your
stock.
A supply chain analysis would include keeping track of everything, including raw material,
product demand and customer buying patterns.
ASR Accessories pay big attention to the satisfaction of customers through their services.
Therefore, we get time to time feedback from our customers so that we know that are the customers
satisfied with our services or not, and if they are not satisfied, then which techniques should we
adopt to satisfy the customers from our services.
The owner of ASR Accessories believes very strongly that the relationships among all the staff
members and the management should be forthright, work should be structured with enough room
for creativity, and pay should be fair and equitable in relation to what the company is paying. With
the right people in place, the ASR Accessories will have the incentives to encourage quality people
to stay,
The quality control system of ASR Accessories is very strong and active. We check the quality of
the product at every stage of production. When the product is ready, it is again checked by our
quality control experts before packaging and after packaging even at the delivery time. That’s why
our customers are satisfied and committed to us.