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Report of Ecommerce Subject
Report of Ecommerce Subject
In general, the report of this E-commerce subject consists of six major main
chapters. Before going into the details, the author's report opens with a rough outline of
the ideas of the author's project. At the ideation section, the author looked at the clothing
shopping market, analyzed it, and consulted with colleagues to spark an initiative that has
not been applied by any businesses. After the idea part is chapter 1 of the report, in this
chapter, the author listed the difficulties as well as the current situation of the clothing
shopping market in Vietnam. Drawing from those difficulties, the author has grasped the
problem and then proposed measures that the start-up company Dress Me has brought to
overcome some of those difficulties.
Following chapter 1, the author goes to chapter 2 which is about biography as well
as an overview of Dress Me business. In this section, the author first gives a brief
introduction to Dress Me, then points out and states the mission and vision that Dress Me
brings to customers in this vibrant market. At the end of chapter 2 is the part where the
author presents the interface as well as describes how this online application works.
Chapter 3 is the section about market analysis. Here, the author has analyzed the SWOT
matrix to show more clearly about the characteristics of Dress Me businesses. Next is the
market research section, in this part the author sets out the project objectives to introduce
the research methods used in the topic of Dress Me enterprise. Then the author will open
a survey for customers through questions about the quality of shopping use on online
platforms, from which data can be collected and analyzed, observed from customer
survey data.
In chapter 4, the author points out the plans that businesses have used including
marketing plans and seamless organizational plans of related departments. Besides, the
author also explains and gives the meaning of the Dress Me company logo. Moving to
chapter 5 is a crucial part of this report. This is a chapter that delves into the modern,
advanced technologies that the author has used to create this business, applications,
supporting devices such as plugins, 3D scanners and from there talking about the need, as
well as the importance of these electronic aids. The last part of the report is chapter 6
which will be the most important section analyzing investment expenditures, in short, its
call finance. In the chapter related to money, the author has meticulously analyzed and
listed all the expenses and capital for the company, personnel and supporting equipment
that have built the Dress Me business.
PROJECT IDEA
In today's digital age, more and more consumers are turning to online shopping for
their clothing needs. With this in mind, a project idea for an online app focused on clothes
shopping could be an excellent opportunity for a start-up business. The app could offer a
wide variety of clothing options, ranging from everyday basics to high-end designer
pieces. Users could browse through different categories and filter their searches by size,
color, and style. The app could also have a feature that allows users to create a virtual
wardrobe and save their favorite items for future purchases.
To ensure customer satisfaction, the app could include features such as detailed
product descriptions and customer reviews. Additionally, the app could offer personalized
recommendations based on previous purchases and browsing history. To stand out from
competitors, the app could also include unique features such as virtual fitting rooms or
augmented reality try-on experiences. These features would allow customers to see how
different clothing items would look on them without having to physically try them on.
TABLE OF CONTENT
CHAPTER 1. MARKET SITUATION 5
1.1 The current problems and challenges 5
1.2 Business solutions 6
CHAPTER 2: BUSINESS OVERVIEW 8
2.1 Business introduction 8
2.2 Mission and Vision 8
2.3 Application description 9
CHAPTER 3. MARKET ANALYSE 20
3.1 SWOT analysis 20
3.1.1 Strengths 20
3.1.2 Weakness 20
3.1.3 Opportunities 21
3.1.4 Threats 21
3.2 Market research 21
3.2.1 Project objectives 22
3.2.2 Research method used in the project 22
3.2.3 Questions asked in the survey 22
3.2.4 Data collection 23
3.2.5 Analyze the data collected and visualize 23
CHAPTER 4: BUSINESS PLAN 26
4.1 Marketing planning 26
4.2 Logo 29
CHAPTER 5: TECHNOLOGY 30
5.1 Technologies used in this project 30
5.2 Necessary plugins in this project 30
CHAPTER 6: FINANCE 31
6.1 Operation plan 31
6.2 Cash flow forecast 32
6.3 Profit plan 33
6.4 Break-even analysis 33
6.5 Organization structure 33
BIBLIOGRAPHY 38
TABLE OF FIGURES
2.2.2 Vision
The vision of Dress Me app as a start-up business is still a promising idea that can
revolutionize the fashion industry. With the increasing number of people who prefer
online shopping, having an app that caters to the needs of fashion-conscious individuals
is a wise move. Dress Me app can offer a wide range of clothing options that cater to
different styles, sizes, and budgets. The app can also provide a personalized shopping
experience by recommending outfits based on the user's preferences and search history,
and also help the customers to discover a new shopping method through a gaming
platform. In addition to the user experience, the Dressup business will also focus on
building a strong brand identity. The brand identity should communicate the values and
mission of the business, which can help build trust with customers. The start-up business
should also prioritize sustainability by offering eco-friendly and ethical clothing options.
This approach can appeal to consumers who value sustainability and ethical practices in
fashion.
Figure 6. Help center - Live chat - FAQ prototype (from Menu section)
Another section in the menu is the help center. Here, the authors added 2 methods
for the users to solve their problems in time. First is the customer service live chat, where
Dress Me will answer users' questions 24/7 and help them to understand the situation.
Second method is showing the users the Frequently Asked Questions where Dress Me
will comprise all the prominent questions being sent into the authors service department
and showcase the answers right in this section.
Figure 7. Contact us - About us prototype (from Menu section)
Other parts of the menu section are about the Dress Me application which are
“contact us” and “about us”. In the “Contact Us” section, the authors will showcase the
company address, phone number and working hours. And in the “About us” section will
demonstrate the company philosophy and goals.
Instagram: Instagram is one of the most popular social media platforms used by
businesses to promote their brand and attract potential customers. With over one billion
active users, Instagram presents an excellent opportunity for businesses to advertise their
apps and reach their target audience. Here are some steps that are effective strategies for
how the business promotes Dress Me brand on Instagram for the author's app.
● Firstly, optimize the business's Instagram profile. Dress Me's profile should be
complete and professional, with a clear description of the Dress Me app. Use
high-quality images and videos that showcase Dress Me app's features and
functionalities. Ensure that the business username and profile picture are
recognizable and consistent with Dress Me branding.
● Secondly, create engaging content. Instagram is all about visual content, the
author's make sure to create eye-catching posts that align with the Dress Me brand
and appeal to the author's business target audience. Use hashtags relevant to the
Dress Me business niche to increase the visibility of the author's posts and attract
more followers. Collaborate with other brands and influencers in the Dress Me's
business industry to expand Dress Me business reach and gain more exposure.
● Thirdly, leverage Instagram's advertising features. Instagram offers various
advertising options, including sponsored posts, stories, and reels, to help
businesses reach their target audience effectively. With the right targeting options,
Dress Me promotes the author's app to people who are most likely to download it.
● As a result, track and analyze Dress Me business performance regularly. Use
Instagram's insights feature to monitor the performance of Dress Me business
posts and ads. This will help the author's business identify what works best for the
business audience and make necessary adjustments to Dress Me.
To measure the success of Dress Me marketing plan, the author has set specific
goals and track the business progress using relevant metrics. By conducting market
research, developing a unique value proposition, identifying the best channels to reach
Dress Me target audience, and tracking the business progress using relevant metrics,
Dress Me can create a marketing plan that drives growth for the author's start-up
business.
● Dress Me prioritizes and uses tools that have the ability to integrate and track data.
And the Social Report is a top tool chosen by Dress Me businesses because it is an
analysis tool designed for e-commerce businesses. Besides, Social Report can also
monitor many social networks including Facebook, Twitter, LinkedIn, Google+
and websites like Vimeo, Reddit, Xing, SlideShare.
Figure 19. Social Report app for business to track data progress on social platforms
(Source: idea.gov.vn)
● One of the main uses of the Social Report application is that it allows businesses
to manage multiple social media accounts from one platform. This means that
businesses can post content, reply to comments and messages, and track their
analytics from one place. This saves time and makes it easier to manage their
social media presence.
● Another benefit of using Social Report is that it provides businesses with detailed
analytics and reports. This means that businesses can track the performance of
their social media accounts and see what content is getting the most engagement.
This information can be used to create more effective social media strategies and
improve overall engagement.
● Social Report also offers a range of features that can help businesses to improve
their social media presence. For example, businesses can use the application to
schedule posts in advance, which means they can plan their content strategy in
advance and ensure that they are regularly posting new content. The application
also provides businesses with access to a range of social media tools, such as
keyword tracking and hashtag analysis.
4.2 Logo
The logo of the Dress Me business is meticulously designed by the author - the
founder of the company. The customers can clearly see the femininity, a bit of momentum
mixed with lightness on the background of milk powder. The Dress logo is to represent
the symbol of women's fashion. Besides, the yellow Crown is worn on the dress logo as
well as the symbol that every girl who wears Dress Me products is a noble princess, a
luxurious queen or a haughty lady with a full of trendy temperament, because every
Dress Me customer will always be given the most favor and service possible.
Cash inflow
Cash outflow
Investment $100,000
The break-even point is the point at which your small business experiences neither
a profit nor a loss. It is reached when total costs and total revenues are equal. In other
words, you've reached the point in production where a product's sales are equal to its
production expenses.Being given the formula above, therefore the team can calculate
how long until the project meets its breakeven point.
Fixed costs: $14,700
Contribution margin: 30% of the sale revenue
At the Finance department, it is divided into two departments: Budgeting and Auditing
Budgeting: Budgeting is an important aspect of financial management in any
business, including the fashion industry. In today's highly competitive market, fashion
businesses need to have a clear understanding of their financial position and forecasted
financial performance. Budgeting allows fashion businesses to plan and allocate
resources effectively, identify opportunities for cost savings, and ensure profitability. A
well-crafted budget can help Dress Me business to make informed financial decisions and
manage their cash flow efficiently. It is essential to involve all relevant stakeholders in
the budgeting process to ensure the accuracy and completeness of the budget. Regular
monitoring and review of the budget can help fashion businesses to identify any
variances and take corrective action in a timely manner.
Auditing: Auditing is an essential component of the finance function in any
business, including the fashion industry. It involves the independent examination of
financial records, systems, and processes to ensure compliance with laws, regulations,
and accounting standards. In the fashion business, auditing helps to identify financial
risks and opportunities for improvement in areas such as inventory management, supply
chain efficiency, and cost control. It also plays a crucial role in providing stakeholders
with accurate financial information and ensuring transparency in financial reporting. To
be effective, auditing in the fashion business requires a deep understanding of the
industry's unique challenges and dynamics, as well as the ability to analyze financial data
and communicate findings clearly.
At the Logistics department, it is divided into three departments:Transport
Agency/Courier, Procurement and Packaging:
Transport Agency/Courier: The timely delivery of raw materials, finished
products, and accessories is essential to keep up with customer demands and maintain a
competitive edge in the market. Therefore, fashion companies need to partner with
reliable transport agencies and courier services in their logistics department to ensure
timely delivery. These agencies not only provide transportation services but also offer
additional services such as packaging, warehousing, and order tracking. Through their
expertise and experience, they can help fashion businesses streamline their shipping
processes and enhance customer satisfaction. Thus, a strong partnership with a trusted
transport agency/courier service is vital for the success of a fashion business's logistics
department.
Procurement: Procurement involves acquiring goods and services from external
sources, which are necessary for the fashion business. The procurement process includes
identifying the requirements, selecting appropriate suppliers, negotiating prices, and
managing contracts. A well-executed procurement strategy can help fashion businesses to
reduce costs, improve quality, and ensure timely delivery of products. The logistic
department plays a crucial role in coordinating the procurement process and ensuring that
the right products are delivered to the right location at the right time. Effective
communication and collaboration between the procurement and logistic departments are
critical for achieving business objectives in the fashion industry.
Packaging: It is not only a means to protect the products during transportation but
also an opportunity to create a lasting impression on the customers. The packaging design
should match the brand's image and be visually appealing to the customers. It should also
be practical and functional, ensuring that the product is delivered in perfect condition.
The packaging materials used should be sustainable and eco-friendly, aligning with the
brand's values and contributing to reducing environmental impact. Effective packaging
can help businesses establish a positive reputation and enhance customer loyalty, making
it an essential aspect of the logistics department in the fashion industry.
Another department that takes part in Dress Me business is Customer Service: Customer
service is a crucial aspect of ensuring customer satisfaction and loyalty. A well-managed
customer service department can address customer queries, complaints, and concerns,
and provide them with the necessary support and assistance. The department should have
a team of trained professionals who are knowledgeable about the products and services
offered by the company. They should also be skilled in handling difficult situations and
resolving conflicts in a timely and effective manner. The customer service department in
a fashion business should be equipped with the latest technologies to provide customers
with multiple channels of communication, including phone, email, live chat, and social
media. This enables customers to reach out to the company at their convenience and
receive prompt responses to their queries. In addition, the department should also have a
robust system for tracking customer feedback and complaints and using this data to
improve the quality of their services. By providing exceptional customer service, fashion
businesses can build a loyal customer base and establish themselves as a trusted brand in
the market.
Lastly, one of the most important departments in an organization structure of Dress Me
business is E-commerce Management. Here, its divided into four departments:
E-commerce Analyst Specialist, Community Manager, Digital Media Manager and Big
Data Analyst:
E-commerce Analyst Specialist: An E-commerce Analyst Specialist is an essential
member of the E-commerce Management department in the fashion industry. The main
responsibility of an E-commerce Analyst Specialist is to analyze data, conduct market
research, and provide insights to optimize E-commerce operations effectively. They
monitor customer behavior and sales trends to improve customer engagement and
satisfaction. Moreover, they implement new technologies and tools to enhance the overall
E-commerce experience. The E-commerce Analyst Specialist works in coordination with
other teams such as marketing, finance, and IT to ensure the smooth functioning of
E-commerce operations. In conclusion, an E-commerce Analyst Specialist plays a vital
role in managing the E-commerce platform for a fashion business.
Community Manager: The main responsibility of a Community Manager is to
build and maintain strong relationships with online customers, influencers, and brand
ambassadors. The Community Manager is responsible for creating engaging content for
social media platforms, responding to customer queries, and managing online
communities. In the fashion industry, the Community Manager should have a good
understanding of the latest fashion trends, as well as fashion-related terminologies. The
Community Manager should also have excellent communication, social media
management, and marketing skills to ensure that the brand's online presence is strong and
engaging. In summary, the role of a Community Manager in e-commerce management is
vital in building and maintaining a strong customer base and increasing sales revenue for
fashion businesses.
Digital Media Manager: The role of a Digital Media Manager in the E-commerce
Management department has gained significant importance. The Digital Media Manager
is responsible for developing and implementing digital marketing campaigns that drive
traffic, increase sales, and enhance brand awareness. They manage the website's content,
social media accounts, email marketing, and other digital channels. Their primary focus
is on creating engaging and visually appealing content to attract and retain customers.
They also analyze data to optimize campaigns and improve ROI. A successful Digital
Media Manager in the E-commerce Management department must stay up-to-date with
the latest trends in technology and fashion to ensure the business stays ahead of the
competition.
Big Data Analyst: Dress Me are heavily relying on big data to make informed
decisions. A big data analyst plays a crucial role in the e-commerce management
department of a fashion business by analyzing vast amounts of data to identify patterns,
trends, and insights that can be used to optimize online sales and marketing strategies. As
a big data analyst in the e-commerce management department of a fashion business, one
must possess strong analytical skills and knowledge of programming languages such as
Python, R, and SQL. They should be familiar with various data analysis tools and
techniques, including data mining, machine learning, and statistical analysis. A big data
analyst should also have excellent communication skills to collaborate with other
departments and stakeholders and present their findings effectively.
CONCLUSION
In conclusion, the project which is named “Dress Me” is the imaginary start up
company done by Tran Vu Thanh Huyen and Truong Thuy Duyen. From the beginning,
the main outcome of this project is to learn the essential components of every
e-commerce platform and gain more knowledge about this industry. Additionally, to
conduct this report also required two students to comprehend the process of project
management and financial management. With the desire to solve the problem which the
team has been pointed out, the team has built “Dress Me” literally from scratch.
Therefore, being mixed by 2 kinds of entertaining “dress up game” and “online
shopping”, Dress Me is expected to become a necessary application in everyone’s phones
as a method of mix and match clothes and entertainment. The report carried out might not
be perfect since the team is still in the process of learning and understanding this industry.
As a result, the Dress Me team is looking forward to hearing the most sincere feedback
from our lecture in order to make this business plan and make it come true.
BIBLIOGRAPHY
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3. Research data link: link
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