Need a business plan for auction sites? The most dominant auction engine worldwide is of course eBay, but a range of upstart auction sites have appeared over the years and gained some traction by offering reduced user fees, sign-up incentives for sellers, and other angles that make inroads in the eBay market share. Consumers have complained for years that eBay's fee structure and ongoing contract changes are unfair to loyal customers, particularly on the sales end, so there is a significant market opportunity for niche auction sites that are able to offer a better level of service. Do you have a concept along these lines? Need a business plan that can describe the service suite you envision, outline the software you'll develop, promote your brand, or forecast the revenue that you might achieve over the next five years? This is what an investor will expect from you when you go to pitch your idea. To make the presentation correctly, you'll need to prepare a business plan for auction site that covers all of the important details.
The ideal auction site business plan should give thorough details about your auction site's style, layout, functionality, and fee structure for sellers and buyers. It needs to highlight the key differentiators that will allow you to take market share from established competitors, and it should offer an intelligent market analysis that includes a profile of eBay and other leading sites along with a trends analysis for the market and industry. The plan also needs to have a marketing strategy, description of key executives and/or your management team gaps, and an integrated 5-year financial model that shows your break-even point and the ROI you project based on sales and expense expectations. If you need help developing this sort of business plan, MasterPlans is there for you. Since 2002 MasterPlans.com has been helping entrepreneurs develop business plans for their small business concepts. Call one of our professional consultants today at 877-453-2011 to discuss your business plan writing needs.
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