Online Start-Up Plan (MAKING MONEY ONLINE) Essay

Online Start-Up Plan (MAKING MONEY ONLINE) - Essay Example Committed to customer service, the ABC Company will offer its clients the type of service that is courteous as well as punctual. Employees of the company will as well be treated in a proficient behaviour with a satisfying working atmosphere along with fair compensation. The ABC Company wants every customer to feel as though he or she has gotten a first class service at a bargain price. Objectives 1. To offer a extensive variety of commodities at affordable prices 2. To attain a good profit margin during the first year 3. To attain a modest net profit by the end of second year 4. To be a dynamic as well as vocal member of the society, and offer constant re-investment by means of contribution in community actions as well as monetary involvements Keys to Success In order to achieve something and to attract more customers in this business the ABC Company must: 1. Sell an extensive collection of products 2. Offer products and service in a manner that give 100% satisfaction to the customer s 3. Be an dynamic part of the society 4. Promote input from customers The E-Business Model The business model used by the company is affiliate marketing. Affiliate marketing (Lindahl & Rozek, p. 76, 2010) has been a very successful business model and there are many reasons for this. One does not have to have the personal product; there are little funds needed for getting started, and the vendor takes care of all the issues. Another positive part of affiliate marketing is that there are a lot of products and services you can pick from market.  For any interest, passion, or area in which someone has knowledge, there are products and services he can advertise, which makes it more appealing (Lindahl & Rozek, p. 109, 2010).  The first step company should take is to choose a suitable niche. By choosing a niche, it will be much convenient to write articles, web pages, blog posts, as well as other content essential to endorse the product. Therefore, in general it makes a great internet business model. The difficulty is that, like some other online business, it does need a large amount of time as well as dedication to make a start. However, once up and running the attempt is worth it. Nonetheless, as with any business, there is no such option of ‘getting rich quickly’. You are required to put in the time as well as effort in order to start getting benefits (Lindahl & Rozek, p. 76, 2010). Operational Issues Two significant chores facing risk managers are decisions regarding the assessment of loss and risk financing. In the quantification of risk or financial impact, sophisticated risk models can support if the correct efforts, as well as indicators are provided. Loss as well as denial of service will call for a business impact analysis in addition to the development of a network stability plan to correctly measure the potential for financial loss and lessen the severity of such a loss. Other risks will need significant evaluation if public records asso ciated to cybercrime and cyber attacks has been mainly subjective or based on unknown surveys. In addition, estimations of possible losses associated to Internet-based technologies must take into consideration the developing and indecisive universal legal and regulatory setting. Risk evaluations based only on direct revenues from