I'm the founder of an ecommerce startup and we're set to relaunch into the market on the 1st week of April 2017. Our market is a nearly-exclusive niche market with a cyclical demand system and a growing buying population. The company's relative market share stands at 70% (at full functionality) with a possible market revenue per annum in excess of 200million at 25% to 45% profit margin within the first business year. These data were drawn at a statistically determinate worst case scenario.

Our Break-even point is an achievable milestone and pegged within the Q1 (first quarter) of launching (before July, 2017). The company possess several leverages including the FMA (first-mover advantage) and also, an operational business model that is a liberal hybrid of on-demand, dropshipping and the conventional e-retail. This implementation would eventually reduces fixed cost and overheads by almost 60% and promotes an innovative and inclusive business execution and delivery style.

The company is presently advancing on the thin line between the Startup and Growth stage, while we can also boost of a modest team of four awesome friends-turn-freelancers who render skilled services at request.

Our initial set goals between 25th March and 7th April includes:

1. Upgrading the website to attain 30% functionality. (functionality on this regard connotes business potentiality. Certainly, the website will be 100% functional with flawless accessibility however, we're only deploying 30% of our business potentials while we choose to scale and grow rapidly)

2. Putting up a dedicated workforces of not more than 10 people including a CTO, CFO and CMO.

3. Acquiring a temporary office space. (Until now, we have been working from IBI Centre, Ademola Adetokunbo Crescent Wuse II, Abuja)

4. Setting up partnership with suppliers, merchants and manufacturers. (We're very keen on the locals)

5. And finally, initiating the Affiliate Distribution Network (This is expected to employ 500 graduates on a part-time basis by the end of the year)

Interestingly, our most likely major competitiors at the moment are neither top echelon mainstream ecommerce bigwigs in the range of Jumia, Konga and Yudala. The guys that may possibly give us a half-night sleep are often lone e-retailers who patronises peer-to-peer marketplace like JiJi, Oxl and to a probable extent quasi socio-commerce platform like Facebook and Whatsapp. However we on the other hand would raise the barrier and set the odds against potential competitors by building an exclusive lifestyle brand around the market, offering them secondary service to keep them coming for the primary products.

Currently the company is open to Angel investors and financial or skilled cofounders. This would be in exchange for a substantial sum in equity and ownership of the company.

The company's business and legal frameworks would be made avaliable for perusal by the interested parties after initial progressive discussion and the signing of a Non-disclosure.

O, Valentine, CEO and Founder

Contact

iamovalentine@gmail.com
234 813 1058 561
Abuja, Nigeria.