Online Business - Polaroid Camera PDF

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Online Business - Polaroid Camera...

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1.0 Personal Portfolio - Write why you should venture into an online business – 1-2 pages (essay writing) Nowadays, starting a business is a lot easier compared to 10 years ago as the emergence of internet and it has dominated aspects of production, entertainment and social activity in today’s world. It is undeniably that everything has its pros and cons, same comes with starting an online business. However, there is more and more people found that themselves are attracted to the idea of being in charge of their lives. According to the trend nowadays, especially after Covid-19 pandemic landed in this world. Based on a study by Statista,1 about 2.14 billion of people globally are expected to buy goods and services online up from 1.66 billion global digital buyers in 2016. more and more businesses are moving online and for good reason. Compared to traditional offline businesses, online presents a wealth of advantages to both small, medium and large organisations globally. The first reason to venture into an online business is online business only required low start-up cost. Majority of the online businesses are established with low start-up cost. The cost usually used to grow the website, web app, mobile app or social account according how the audience interacts. In addition, due to the development of technology, there are various useful technologies which can be used together with online businesses in order to reduce the amount of work that you have to do. The new technologies would allow you to cut down on cost. As an illustration, by adopting e-business solutions such as responsive website, smart User Interface or User Experience Design, e-commerce, rich mobile application, online marketing tools and so on2. These solutions can help to reduce the maintenance as well as the repair and operation costs. The second reason to venture into an online business is by having online business, location will no more be a problem that you need to take into consideration. Scaling any business is not an easy task regardless it is a brick-and-mortar location or an online business, but an online business has advantages. For example, a conventional business in a physical retail store has a defined audience, normally a radius from the location of the business. On the other hand, for an online business, there is no such restriction on it and the products in an online business can be marketed 1 Digital buyers worldwide 2021. (n.d.). Statista. https://www.statista.com/statistics/251666/number-of-digitalbuyers-worldwide/ 2 To, T. T. (2021, March 20). 3 reasons why you should start an online business. Wiredelta. https://wiredelta.com/3reasons-why-you-should-start-an-online-business/

to a worldwide audience. When you establish an online business, you would have the access to customers in every part of the worlds and the prospective buyer can buy the goods and services from anywhere. This also means that you may work from anywhere in the world as long as you have a laptop and a stable internet connection. By establishing online business, it can prevent you from regional economic fluctuations. In other words, if you have customers in Singapore and the economy of the country is experiencing economic fluctuations, the online business will not be impacted much as you still have the customers from other different countries. However, people who are running offline businesses would typically be much more affected by the economic downturn3. Next, the benefit of venturing an online business is that you will have your own time. This is because in an online business, you are not tied down to a desk or a single working location. You no need to wake up at 7 and get ready to get to work like normal workers. Besides, by having own online business, we do not have to take orders from anyone other than ourselves as we are our own boss. By having an online business, you usually have more freedom in scheduling your time, you can decide when you want to work and how long you want to work as long as it suits you and you have set your business in an efficient way. In online business, you will be not limited by an hourly wage as the income is often decided by how efficient and productive you are with the time but not the number of hours you work. Therefore, by having more flexibility in choosing your time means you have more time to focus on other significant activities in your life and being able to make time for the things that truly matter. For example, you can travel to anywhere with your loved ones as your work is not restricted by location. Last but not least, owning a successful online business is a good way to make some extra cash. It is a process of learning that can pay large profits if you keep at it, keep educating yourself and continue applying your skills over time. In conclusion, there are various advantages to venture an online business if compared to a traditional business which requires large amount of effort and business capital as well as a well thought out strategy before you can enjoy the outcome of the business.

3 To, T. T. (2021, March 20). 3 reasons why you should start an online business. Wiredelta. https://wiredelta.com/3reasons-why-you-should-start-an-online-business/

2.0 Business Portfolio – Write about business (What and why you want to do this business) (essay writing) A business portfolio is a set of business’s product(s), service(s), business unit(s) and allow the busines to develop its mission and to achieve its strategic goals.

General Business Information Business Name

: Capture the Moment

Head Office Address

: China

Email address

: [email protected]

Website Address

: www.capturethemomentpolaroid.com

Business Platform

: Taobao

Description of business

:-

Capture the moment is established in year 2021 and is carrying out the online business on China platform which is known as Taobao. The main product sold as well as the hot selling in the online store is polaroid camera branded Fuji Instax Mini 90. The camera is designed with a classic look and it offers advanced features such as bulb and double exposures that are normally attractions of traditional analog cameras and it also offers an enhanced capability to capture light creatively. Apart from that, Instax Mini 90 is also equipped with new functions and features like macro mode and high-performance flash, making this an instant camera for every photographer developed under the concept “NEO CLASSIC.” The main feature of the product is high performance flash, party mode, kids’ mode, landscape mode, brightness control and macro mode. On top of that, the polaroid camera has improved usability and product design such as MODE dial, rechargeable battery, tripod socket, power switch and shutter button to support your photo shooting.

Our store has also provided photography business where the photographs will be captured by a very experienced professional photographer who. Our potential customers are those who have a big passion to photography and would like to train their photography skills by purchasing a quality camera. Besides, we are also providing our photography services to those who have their significant personal events such as wedding day, graduation day and birthday and would like to preserve all the happy memories that they have into photographs and collect them in an album. We will ensure every customer who purchase in our store enjoy our products and services. We offer excellent service, fast delivery, good product quality as well as our product is good value for money. We welcome our customers to critic or complaint to us if we have done anything which cause their dissatisfaction. We will improve ourselves to the best after received the critic or complaint from us. All we care about is customers, Customers’ happiness is our happiness. Mission of business

:-

To document memories and stories of the magical as well as beautiful personal events with warmth and artistry to preserve those moments in your family’s legacy. Vision of business

:-

To be with you for all of life’s significant and memorable moments.

References The 10 best reasons to start an online business today. (2021, March 30). Financial Samurai. https://www.financialsamurai.com/the-best-10-reasons-to-start-an-online-business/ 7 BIG reasons you should start an online business. (2020, October 16). From Dreams to Lifestyle. https://www.fromdreamstolifestyle.com/reasons-start-online-business/ Digital buyers worldwide 2021. (n.d.). Statista. https://www.statista.com/statistics/251666/number-ofdigital-buyers-worldwide/ Main features: Instax mini 90. (n.d.). instax | FUJIFILM. https://instax.com/mini90/en/allure/#allure03 To, T. T. (2021, March 20). 3 reasons why you should start an online business. Wiredelta. https://wiredelta.com/3-reasons-why-you-should-start-an-online-business/...