Professional Documents
Culture Documents
302)
ON
Cell Dog
(Pre-owned Phone Re-seller)
ROLL - PG/VUOAP02/MBA-IIIS-039
REGISTRATION No -VP225040604 of
2022-2024
SUBMITTED
TO
Solution-
Cell Dogs aims to establish a second-hand phone online site, capitalizing on the growing demand
for affordable and reliable mobile devices. By offering a curated selection of pre-owned
smartphones, the business intends to cater to budget-conscious consumers seeking cost-effective
alternatives to new phones.
Market Opportunity-
The second-hand phone market is expanding rapidly due to technological advancements and
frequent upgrades. This presents a significant opportunity to tap into a customer base looking for
quality devices at a fraction of the cost. With a focus on sustainability and affordability, the
business can attract environmentally conscious consumers and those seeking value for money.
Competitive Advantage-
The business will differentiate itself by offering a carefully curated selection of thoroughly
inspected and certified pre-owned phones. Emphasizing quality, warranty options (1 year service),
and competitive pricing will set the business apart from competitors. Establishing partnerships with
reputable suppliers and implementing effective quality control measures will enhance customer
trust.
Most of the company which have fructified in achieving a remarkable recognition in middle class
people mainly focus on two things - service and reasonably priced. Our major competitors are
cashify,ovantica,sahihain,mobigo and other retail service establishments that offer secondhand
phones.
Our competitors are heading in the right direction, but only Cell Dog is based on sound market
research in the Indian market. Additionally, we will provide 1 year service warrenty which is
unique. Our marketing challenge is thus to stand out from our competitors, not only as the “new” re
sellers, but as the one that offers consistently high quality checked mobile phones, Maintaining our
edge will depend partly on our marketing that only Supermint condition phones are to be re sell
here.
Competetive Edge-
The competitive edges of Cell Dog are:
we will provide 1 year service warrenty
Product are only supermint conditions phones only in reasonable price
We will provide branded accessories only.
We will provide phones with company orginal box with original bill
We will also provide additional features i.e. extended warrenty of any smartphone.
Why Us?
Our secondhand smartphone reselling business distinguishes itself through a trifecta of quality
assurance, customer-centricity, and affordability. With a stringent inspection process conducted by
certified technicians, transparent warranty options, and competitive pricing, we ensure our
customers receive reliable devices that align with their budgetary needs. Our commitment to
exceptional customer service further cements our position as the preferred choice for those seeking
dependable, cost-effective alternatives in the dynamic world of secondhand smartphones.
Expectations
Our customers can expect a seamless and trustworthy experience when choosing our secondhand
smartphone reselling services. We commit to providing a curated selection of certified pre-owned
devices, each undergoing rigorous quality control measures. Our transparent warranty options and
competitive pricing ensure that customers receive not only reliable smartphones but also excellent
value for their investment. With a focus on customer satisfaction and a dedication to delivering on
our promises, we aim to exceed expectations and establish lasting relationships with our valued
clientele.
Financing Needed-
The owner will invest Rs. 5,40,000 and take out a bank loan for Rs. 1,10,000 to cover the start- up
expenses and assets needed plus deficient spending in the early months.
The start-up expenses of Rs.106,680 include:
• Legal expenses for obtaining licenses and permits as well as the accounting services totaling
Rs.3.300.
• Marketing promotion expenses for the grand opening of Cell Dog on OTT platforms in the
amount of Rs.80000 and as well as flyer printing (2,000 flyers at Rs.0.04 per copy) for the total
amount of Rs.3,580.
• Insurance (general liability, workers’ compensation and property casualty (storage) ) coverage
at a total premium of Rs.2,400.
• Pre-paid rent expenses for one month at Rs.1.76 per square feet in the total amount of
Rs.4,400.
• wesite building and maintenance in the amount of Rs.10,000.
• Other start-up expenses including stationery (Rs.500) and phone and utility deposits
(Rs.2,500).
These expenses will be incurred before launch, so they take their place in our financial projections
as negative retained earnings of Rs.27,680 at the end of the month before we begin. That number
shows up in the balance sheet.
The required start-up assets of Rs.3,67,000 include:
• Cash in the bank in the total amount of Rs.67,000, which includes enough to cover employees
and owner’s salaries of Rs.23,900 for the first two months and cash reserves for the first three
months of operation (approximately Rs.14,400 per month).
• delivery man plus customer care for the total amount of Rs 176,320:
o Repairing man plus customer care (6persons for 2 months) – Rs.72,000
o Delivery – Rs.30000
o service equipment (mobile parts.) – Rs.30000
o batteries – Rs.20,000
o Storage equipment (cash register, security, ventilation, signage) – Rs.7000
o Office equipment (PC, fax/printer, phone, furniture, file cabinets) – Rs.8000
o Other miscellaneous expenses – Rs.5000
Funding for the company comes from two major sources–owner”s investment and bank loans.
Sayan Guha the founder of the company gave 5,40,000 by its own and The remaining Rs.1,10,000
needed to cover the start-up expenses and assets came from the bank loans of 6 years Both loans
were secured through the State Bank of India. Thus, total start-up loss is assumed in the amount of
Rs.27,000.
The amounts show up in the balance sheet in the month prior to opening. The Rs.140,000
investment shows up as Paid-in Capital. The Rs.27,000 expenses show up as negative retained
earnings. Assets and liabilities are there. This is all according to financial standards.
Opportunity
Problem
Selling secondhand phones requires a combination of product knowledge, customer service, and
effective marketing. Building trust with your customers is crucial for long-term success in this
business.People have fear in their mind with secondhand phone because of the warrenty issue and
lack of customer support.
Our Solution
Cell dog will differentiate itself by offering a carefully curated selection of thoroughly inspected
and certified pre-owned phones. Emphasizing quality, warranty options (1 year service), and
competitive pricing will set the business apart from competitors. Establishing partnerships with
reputable suppliers and implementing effective quality control measures will enhance customer
trust.
The Indian smartphone market is characterized by a diverse range of consumers with varying
preferences and budget considerations. It includes both urban and rural consumers, with a
significant portion of the population looking for affordable and feature-rich smartphones.
Market Segments:-
1. Budget Segment:
- This segment caters to consumers who are price-conscious and are looking for affordable
smartphones. Many manufacturers focus on providing basic features at competitive prices in this
segment.
2. Mid-Range Segment:
- The mid-range segment targets consumers who seek a balance between performance and
affordability. Smartphones in this segment often come with enhanced features and specifications.
3. Premium Segment:
- The premium segment is characterized by high-end smartphones with advanced features,
cutting-edge technology, and premium build quality. This segment caters to consumers willing to
pay a premium for the latest innovations.
4. Flagship and Ultra-Premium Segment:
- This is the top tier of the market, featuring flagship devices from leading brands. These
smartphones offer the latest technology, top-notch performance, and high-end design. They are
targeted at consumers who prioritize the latest and most advanced features.
5. Rural Market:
- The rural market in India represents a significant portion of smartphone users. Here,
affordability and durability are key factors. Manufacturers often design phones with features
catering to the specific needs of rural consumers.
6. Online and Offline Channels:
- The distribution channels also play a crucial role. While many consumers prefer purchasing
smartphones online, offline retail remains important, especially in smaller towns and rural areas.
7. Secondhand Market:
- As mentioned earlier, the secondhand smartphone market is a growing segment, providing
affordable options for consumers who may not want to invest in brand-new devices.
8. Brand-Specific Segments:
- Individual smartphone manufacturers may also create specific segments based on their product
lines, targeting different consumer preferences and needs.
Current Alternatives
Cell Dog direct competitors ,alternatives or similar platforms will be known for dealing with
secondhand phones:
1. Cashify:
- Cashify is known for providing an online platform where users can sell their used smartphones.
They offer doorstep pickup and payment for the devices.
2. Ovantica:
- Ovantica is another platform that facilitates the buying and selling of pre-owned smartphones.
Users can list their devices on the platform, and Ovantica takes care of the verification and payment
process.
3. OLX and Quikr:
- OLX and Quikr are popular online classified platforms where individuals can list their used
phones for sale. Buyers can connect directly with sellers, and transactions can be conducted locally
4. Exchange Programs from E-commerce Platforms:
- E-commerce platforms such as Flipkart and Amazon often have exchange programs where users
can trade in their old phones for discounts on new ones.
5. Gazelle:
- Gazelle operates in several countries, including the United States, and allows users to sell their
used electronics, including smartphones.
6. Croma's Exchanging Program:
- Croma, a retail chain in India, has an exchange program where customers can exchange their old
smartphones for a discount on a new device.
7. InstaCash:
- InstaCash is another platform in India that offers users the ability to sell their used smartphones.
They also provide doorstep pickup services.
Our Advantages
Competitive Pricing:
- Implementing a pricing strategy that is competitive and transparent can attract budget-
conscious consumers. Consider offering competitive buyback prices to encourage more
people to sell their used devices to your platform.
Marketing Mix
1. Product:
- Diverse Inventory: Offer a wide range of secondhand smartphones across different brands,
models, and price points to cater to a broad audience.
- Quality Assurance:Implement rigorous quality checks and certifications to assure
customers that the secondhand phones are in good condition.
- Warranty: Provide a limited warranty or guarantee to instill confidence in the quality and
functionality of the devices.
2. Price:
- Competitive Pricing: Conduct market research to determine competitive prices for
different smartphone models. Consider offering attractive discounts or promotions to
encourage sales.
- Transparent Pricing: Clearly communicate the pricing structure, including any additional
fees, and be transparent about the factors influencing the pricing of secondhand devices.
3. Place (Distribution):
- Online Platform:Establish a user-friendly website or mobile app where customers can
browse and purchase secondhand smartphones easily.
- Doorstep Pickup:Offer a convenient doorstep pickup service for sellers, making the selling
process hassle-free.
- Nationwide Reach: Ensure that your online platform and services are accessible to
customers across various regions in the country.
4. Promotion:
- Digital Marketing: Leverage digital marketing channels, including social media, search
engine optimization (SEO), and online advertising, to create awareness and drive traffic to
your platform.
- Content Marketing:Develop informative content such as blogs, videos, and guides to
educate customers about the benefits of buying secondhand smartphones.
- Partnerships: Collaborate with influencers, tech bloggers, or other businesses to expand
your reach and credibility.
- Customer Reviews/Testimonials: Encourage satisfied customers to provide reviews and
testimonials to build trust among potential buyers.
5. People:
- Customer Support: Establish a responsive and helpful customer support team to address
inquiries, provide assistance, and resolve issues promptly.
- Seller Relations: Build positive relationships with individuals selling their smartphones,
ensuring a smooth and trustworthy transaction process.
6. Process:
- Efficient Transactions: Streamline the buying and selling process to be efficient and user-
friendly. Clearly communicate the steps involved, from listing a device to receiving payment
or making a purchase.
- Security Measures: Implement secure payment gateways and data protection measures to
ensure the security and privacy of customer information.
7. Physical Evidence:
- Professional Branding: Present a professional and trustworthy image through your
website, app design, and branding materials.
- Packaging:Consider professional and eco-friendly packaging for shipped devices,
enhancing the overall customer experience.
MILESTONES
Key Metrics
We have our forecasts for sales, direct costs, and operating expenses. As we get into the
business we’ll develop standards based on experience for Facebook likes, Twitter follows, and
other social media engagement. We expect to watch these very carefully.
Management Team
A full-time manager will be hired to oversee the daily operations at Cell Dog. The candidate
(who’s name is with held due to his current employment commitment) has had three years of
managerial experience in the definitely industry in Kolkata. This person’s responsibilities will
include managing the staff, ordering inventory, dealing with suppliers, developing a
marketing strategy and perform other daily managerial duties. We believe that our candidate
has the right experience for this role. A profit-sharing arrangement for the manager may be
considered based on the first year operational results.
Organizational Chart:
FY 2024 FY 2025 FY 2026
Manager Rs. 60,000 Rs. 66,000 Rs. 72,600
Technician (3) Rs. 90,000 Rs. 94,500 Rs. 99,225
Other employees (2) Rs. 43,200 Rs. 45,360 Rs. 47,628
Totals Rs. 193,200 Rs. 205,860 Rs. 219,453
Financial Plan
Forecast
Key Assumptions:
• We assume a steadily growing potential market in line with growth at the university,
trends.
• We assume industry standard gross margins.
• We assume relative status quo regarding technology and trends in the coffee industry.
SWOT Analysis
Strength Weakness Opportunity Threat
Parameters
Internal factors External factors
Recessionary
economy can Competitors can Development of Almost Similar
Product Offering deviate consumers' offer similar products which services are
attention from products quickly make greater already provided
almost buying new opportunities by major
product in competitors
secondhand industry
by providing further
advantages to the
industry
Brand Equity High quality Competitors are Ability to make Trust factor
services trusted services available in plays a very
other cities important role
Staff Competence Highly experienced Recruiting and High appraisal It will be a huge
owner-operator retaining quality chances for employees problem if an
employees employee decides to
quit
Financial Bottom- Middle gross Medium costs Acquisition of Increases in price
Line margins additional rounds of inputs can rise
capital pricing
Revenue by Month-
Revenue
300000
250000
200000
0
150000
100000
50000
Expenses by Month:
1,50,000
1,00,000
50,000
40,000
Emi calculation-
Important Assumptions
As a general rule our company will not sell on credit. However, for very special cases we might offer short-term credit
against valid assurances. We shall accept cash and checks, Visa, MasterCard, Discover and American Express, and PayPal
on the Internet. All sales paid via credit cards will be deposited in our business checking account within 48 hours.
Projected Profit and Loss
There are many factors to include when determining a projected profit and loss statement, these are included in the
following table.
Profi t Yearly
200000
180000
160000
140000
120000
100000
80000
60000
40000
20000
0
Year1 Year2 Year3
Series 1
500,000
400,000
300,000
200,000
100,000
0
Year1 Year2 Year3
Series 1
Expenses
Depreciation 0 0 0
Payroll Taxes 0 0 0
Other 0 0 0
Interest Expense 0 0 0
Cash Received
Dividends 0 0 0
Assets
Current Assets
Long-term Assets
Long-term Assets 0 0 0
Accumulated Depreciation 0 0 0
Current Liabilities
Current Borrowing 0 0 0
Long-term Liabilities 0 0 0
The second-hand phone industry aligns with the growing awareness of the environmental impact of electronic
waste, fostering a circular economy where devices are given a second life. Beyond affordability, consumers are
increasingly recognizing the value of purchasing pre-owned phones as a means to reduce electronic waste,
minimize resource depletion, and mitigate the carbon footprint associated with device production.
Moreover, the second-hand phone business thrives on its adaptability and responsiveness to market trends. As
newer models are released, a continuous stream of used devices becomes available, providing an extensive
inventory that caters to diverse consumer needs. This, in turn, fosters a thriving ecosystem where both buyers and
sellers can engage in a sustainable and mutually beneficial exchange.
In the era of rapid technological advancements, the second-hand phone market serves as a bridge between
innovation and accessibility. It enables individuals to stay connected, access essential features, and enjoy the
benefits of modern smartphones without the financial strain associated with buying brand-new devices.
In essence, the second-hand phone business not only makes economic sense but also contributes to a more
conscientious and eco-friendly approach to technology consumption. As the industry continues to evolve, it holds
the promise of not just providing affordable alternatives but also playing a pivotal role in promoting a more
sustainable and responsible consumer culture.