P L U R
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P L U R<br />
Joshua See<br />
Founders<br />
Marla Ongtao<br />
Paolo Enrico Flores<br />
Mission<br />
Statement<br />
What is the new<br />
trend sweeping<br />
the nation?
PLUR Peace Love Unity Respect<br />
lorem ipsum dolor<br />
sit amet.<br />
Joshua See<br />
Founders<br />
page 3<br />
Marla Ongtao<br />
Paolo Enrico Flores<br />
Company Background<br />
PLUR (Peace, Love, Unity, Respect)<br />
is an online marketplace. Founded<br />
in 2014, a group of individuals<br />
passionate towards footwear<br />
created a platform for buying,<br />
selling and trading of shoes. PLUR’s<br />
site is dedicated to fixed price<br />
trading and enables trade on a<br />
local, national and international<br />
basis. Also, PLUR offers a wide<br />
variety of features and services<br />
that enable members to buy and<br />
sell on the site quickly and<br />
conveniently. PLUR is dedicated to<br />
its sneaker community of members,<br />
on the site quickly and<br />
conveniently. PLUR is dedicated<br />
to its sneaker community of<br />
members, and has numerous<br />
services, which enhance the<br />
trading experience. Our<br />
marketplace services include:<br />
online payments by PayPal to an<br />
escrow service; a wide array of<br />
Buyer and Seller tools; and<br />
Preferred Solution Provider<br />
programs.
COMPANY BACKGROUND<br />
+<br />
PLUR’s mission and<br />
vision statement<br />
PLUR’s mission is to provide an<br />
online marketplace where peace, love,<br />
unity, and respect are promoted. The goal<br />
here is to have legitimate buyers and<br />
sellers that would not try to outwit or<br />
cheat the other.<br />
PLUR’s vision is to have a perfect<br />
marketplace where people would respect<br />
each other and would be able to purchase<br />
and sell products for the correct prices,<br />
with a smart, searchable website, easy-tofollow<br />
instructions, clear and secure<br />
payment methods, and fast, quality<br />
transactions, enabling economic<br />
opportunity around the world.<br />
PLUR’S strategy:<br />
1. Establish a larger user base – to<br />
attract new users.<br />
2. PLUR will concentrate on local<br />
trading, and in the future<br />
international trading.<br />
3. Create a strong brand by relying on<br />
viral marketing.<br />
4. Broadening the trading platform by<br />
extending its core business into<br />
other attractive niches.<br />
5. Maintaining a strong community<br />
affinity by fostering direct<br />
interaction between buyers and<br />
sellers with similar interest in<br />
footwear that would create loyal,<br />
active community of users.<br />
INDUSTRY BACKGROUND<br />
While measuring the Internet’s reach is far from an exact science, no<br />
online census reports would dispute claims that hundreds of millions of<br />
individuals across the world are active Internet users (Morgan, J., 2006).<br />
Rapid developments in e-commerce and e-technology have<br />
accelerated intra-business and inter-business online transactions during the<br />
recent years. Given the explosive growth in Internet-based technologies and<br />
e-commerce, a growing number of brick-and-mortar trading activities have<br />
moved to the Internet, and are typically conducted via web-based systems<br />
called e-marketplaces that enable automated transactions and collaboration<br />
between buyers and sellers (Yu, C., 2007). Online markets have<br />
dramatically altered the retail landscape. By eliminating barriers associated<br />
with geography as well as the physical costs of maintaining a storefront,<br />
online markets have created a “democracy” of buyers and sellers (Morgan,<br />
J., 2006).<br />
The online marketplace industry has grown exponentially in the last<br />
few years. In the past, people were hesitant to purchase and trade products<br />
or services online because of security issues. With new strategies like<br />
encryption and other security measures, the industry has boomed and there<br />
are now several household online marketplaces like eBay, Amazon, and in<br />
the Philippines, Sulit.com (now known as OLX.com).
Competitor Analysis<br />
Comparative<br />
Features<br />
• Search Bar<br />
• Categories<br />
• Assortment of<br />
products<br />
• Online<br />
Marketplace<br />
• Mobile<br />
Application<br />
Lazada’s Mission Statement<br />
Lazada strives to provide an<br />
assortment of goods from credible and<br />
well-known brands to the customer<br />
through the use of e-Commerce and<br />
subsequent innovations.<br />
OLX’s Mission Statement<br />
OLX aims to give the privilege of<br />
selling to anyone who wants to avail of<br />
their services. They encourage the<br />
exchange of goods and services<br />
through allowing the user to advertise<br />
his products in their site.
Elements of the Business<br />
1 Value Proposition<br />
Due to the fast growing technology<br />
industry, many people are inclined<br />
to online shopping rather than<br />
going to the mall and going store<br />
to store. Some people prefer just<br />
browsing the Internet for whatever<br />
item or service that they require.<br />
Everyone wears shoes, and there<br />
are shoes for every event or<br />
occasion. PLUR is the perfect<br />
online marketplace to go to<br />
because it provides convenience,<br />
as well as security for online<br />
sellers and buyers. Purchasing<br />
items online can be less timeconsuming,<br />
and cheaper because<br />
you will be able to look for another<br />
seller easily. This makes PLUR a<br />
great place to sell and browse for<br />
footwear because there will be a<br />
lot of sellers and buyers.<br />
2 Revenue Model<br />
PLUR will make money through<br />
the online advertisements that<br />
companies will pay for. There<br />
will also be a listing fee which<br />
means that it will charge a<br />
small amount to sellers<br />
whenever they post a product,<br />
with more expensive items<br />
having a higher listing fee.<br />
There will also be a final value<br />
fee that will be charged to the<br />
sellers once an item of theirs is<br />
sold. Also, there will be an<br />
escrow service that buyers and<br />
sellers will utilize to prevent<br />
scamming. The escrow service<br />
will charge 1% of the total<br />
value paid by the buyer.<br />
3 Market<br />
Opportunity<br />
Our target market is anyone<br />
and everyone who wears shoes.<br />
In the past, shoes were used as<br />
a necessity to keep our feet<br />
protected, but nowadays, shoes<br />
can be considered as both a<br />
necessity and a fashion<br />
accessory. People today like<br />
being trendy and being “in”, so<br />
PLUR has large potential and<br />
many opportunities for growth<br />
in the future.
4 Competitive<br />
Environment<br />
Direct competitors would be<br />
other online marketplaces.<br />
Locally, the direct competitors<br />
are OLX.ph, Zalora, and Lazada,<br />
etc. For international direct<br />
competitors, we have eBay,<br />
Amazon, etc. Indirect<br />
Competitors would include<br />
shoe retailers in malls,<br />
department stalls, Instagram<br />
and Facebook sellers, and etc.<br />
For social and technological<br />
trends, innovations in the way<br />
people purchase products and<br />
how businesses distributes<br />
their products can affect the<br />
competitive environment of the<br />
company. PLUR can inaugurate<br />
the idea of a “long tail,” in<br />
which businesses or individuals<br />
could offer a wider variety of<br />
products that were sold at<br />
smaller volumes because of<br />
decreased distribution costs.<br />
5 Competitive<br />
Advantage<br />
Unlike other online<br />
marketplaces, we have an<br />
escrow service that can<br />
guarantee both parties’<br />
security. Although the escrow<br />
service will be paid for, it is very<br />
important for both the buyer’s<br />
and seller’s security because<br />
the money will be held by PLUR<br />
until the seller delivers the<br />
goods to the buyer. Once the<br />
buyer confirms that the delivery<br />
has been made, PLUR will<br />
release the payment to the<br />
seller.<br />
6 Market Strategy<br />
The target market would be<br />
people who loves collecting<br />
shoes especially shoes that are<br />
hard to find and are collectible.<br />
PLUR will use social media<br />
platforms like Facebook,<br />
Instagram, Etiam and eu Twitter ipsum. to<br />
promote Donec itself. ac There arcu. are PLUR<br />
coupons, PLUR discounts and<br />
PLUR promotional code at the<br />
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known deal sites in the country.<br />
consectetuer adipiscing elit.<br />
We will also use search engine<br />
Vivamus semper sodales<br />
optimization techniques, so<br />
that PLUR<br />
lorem.<br />
would<br />
Quisque<br />
appear<br />
venenatis<br />
on the<br />
top of<br />
vehicula<br />
the search<br />
lectus.<br />
engine<br />
Donec a<br />
results<br />
odio<br />
whenever eu eros people lobortis look vehicula. for<br />
shoes. Lastly, we would also<br />
ask for the help of the<br />
Philippine Sneakerheads<br />
- sodales.<br />
Community Facebook Group to<br />
promote PLUR.<br />
7 Organizational Development
Operations<br />
All operations will be done<br />
through the Internet. PLUR<br />
will monitor the posts that<br />
will be made online, and set<br />
up a bank account that will<br />
serve as the<br />
aforementioned escrow<br />
service for the users. Also,<br />
the company will make use<br />
of PayPal for transacting<br />
payments. PLUR will also<br />
make sure that there are no<br />
illegal items for sale. There<br />
will be a physical office for<br />
PLUR, to ensure that the<br />
operations are running<br />
properly.<br />
Marketing Plan<br />
Target market<br />
The intended target market would be<br />
young people and sneakerhead<br />
members (young or old) who love<br />
collecting and wearing different pairs<br />
of shoes.<br />
Market Needs<br />
• To have the best online<br />
marketplace for shoes in the<br />
Philippines and in the world.<br />
• To have a variety of collectible and<br />
hard-to-find items<br />
• To be more efficient and<br />
convenient for the members of<br />
PLUR<br />
• To have direct interaction between<br />
buyers and sellers with similar<br />
interest<br />
Market trends<br />
• There has been a significant<br />
increase in the usage of premium<br />
footwear.<br />
• In the past, shoes were used mainly<br />
to protect feet from terrain, but<br />
nowadays, shoes serve as<br />
protection, as well as, fashion<br />
accessories<br />
SWOT ANALYSIS<br />
Strengths · Strengths:<br />
Weaknesses:<br />
Opportunities<br />
Threats:<br />
• First internet<br />
marketplace in the<br />
Philippines focused on<br />
selling shoes<br />
• Convenient payment<br />
System<br />
• Convenient shopping<br />
experience<br />
• Availability of hard-tofind<br />
· and Weaknesses:<br />
collectible<br />
footwear<br />
o First internet • marketplace Open to number in the of Philippines • focused Growing on number selling of shoes<br />
fraudulent activities<br />
• Forms of theft could<br />
include redistribution of<br />
stolen goods<br />
• Unscrupulous individuals<br />
can exploit the C2C<br />
business model<br />
• System breakdowns<br />
could disturb trading<br />
activities of PLUR<br />
o Convenient payment System<br />
o Convenient shopping experience<br />
o Availability of hard-to-find and collectible footwear<br />
online shoppers<br />
• Become a retailer<br />
• Increase services and<br />
product portfolio through<br />
acquisition<br />
• Open more online stores<br />
in other countries<br />
o Forms of theft could include redistribution of stolen goods<br />
• International competitors<br />
competing in the domestic<br />
market<br />
• Attack by illegal practices –<br />
e-mails are sent to<br />
unsuspecting PLUR users<br />
pretending to come from<br />
PLUR<br />
• Online security<br />
• Regional low cost online<br />
retailers<br />
• Some costs cannot be<br />
controlled by PLUR –<br />
delivery charges and credit<br />
card charges (Credit cards)<br />
o Unscrupulous individuals can exploit the C2C business model
4 P’s<br />
Product:<br />
Price:<br />
People:<br />
Promotion:<br />
• PLUR offers a wide variety<br />
• PLUR educates sellers in<br />
negotiating and finding the<br />
best price for selling an<br />
item in the marketplace<br />
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of footwear<br />
vulputate<br />
and allows<br />
rutrum<br />
for<br />
turpis. In ac est nec<br />
lacus any buyer dapibus to be able placerat. to<br />
easily purchase and process<br />
safe transactions through • PLUR’s costs to sell an item<br />
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online are<br />
ante.<br />
lower<br />
Ut<br />
compared<br />
at diam.<br />
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material product, their • The price of posting items<br />
Vestibulum valuable pede intangible ipsum, product bibendum id, online commodo is extremely eu, dapibus<br />
is the low-cost<br />
attractive to anyone looking<br />
sed,<br />
advertisement<br />
nisl.<br />
“space” any to sell footwear’s online<br />
person interested in selling<br />
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reasonable fee to showcase<br />
Aliquam their eleifend item(s) tristique justo. Morbi neque. Vivamus a elit<br />
non ligula porta tempus. Aliquam nonummy sollicitudin massa.<br />
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natoque penatibus et<br />
Marketing Objectives<br />
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montes, nascetur<br />
• Ages 16-25<br />
• Mauris College nunc students neque, and<br />
working people<br />
faucibus vitae, eleifend<br />
sit amet, pretium<br />
rhoncus, ante.<br />
· To create an increasing stream of<br />
ridiculus consumers mus. from Aenean the company’s target<br />
market<br />
· Increase sales by 10%<br />
· Establish PLUR as the leading<br />
online marketplace for buying shoes<br />
Positioning<br />
• PLUR uses Facebook,<br />
Twitter and other social<br />
media available on the<br />
internet. Also, PLUR<br />
advertise through<br />
tarpaulins and flyers and<br />
by word of mouth. They<br />
also sponsor events and<br />
ask for Sneakerhead<br />
community’s support.<br />
• The company would use its<br />
competitive advantage in<br />
order to attract more<br />
customers as well as<br />
maintaining a peaceful,<br />
loving, united, and<br />
respectful environment for<br />
members.<br />
Marketing Strategy<br />
· Use social medias such facebook, twitter and instagram in order to<br />
make the target market informed<br />
· Provide discounts, freebies, and other promotional strategies to<br />
encourage people to buy and sell their item(s)<br />
· Have an elite membership to be prioritized and get discounts as well<br />
as reserve shoes
Financial Projections<br />
2014 2015 2016<br />
Revenue 500,000 800,000 1,400,000<br />
Expenses<br />
-Operating 200,000 200,000 200,000<br />
-Salaries 150,000 300,000 450,000<br />
-Domain Name 500 500 500<br />
Net Income 149,500 299,500 749,500
Support to nation building<br />
We believe that everyone in the world should have at least one pair of<br />
shoes. There are many people who have multiply pairs of shoes, or even<br />
have collections of very expensive shoes, while there are people that cannot<br />
afford a single pair of shoes. Part of the revenue of PLUR would be<br />
donated to the PLUR foundation, whose goal is to provide footwear for<br />
people who cannot afford any. With the name itself, PLUR promotes<br />
Peace, Love, Unity, and Respect, which is in line with what we Filipino’s<br />
believe in.
REFERENCES<br />
Amin, B., & Amin, P. (n.d.). Ebay is the World’s Online Marketplace. IOSR Journal of Business<br />
and Management, 23-29.<br />
Barnes, C., & Blake, H. (2009). Creating & delivering your value proposition managing<br />
customer experience for profit. London: Kogan Page.<br />
Brown, J., & Morgan, J. (2006). Reputation in Online Markets: Some Negative Feedback.<br />
Ducker, C. (n.d.). 25 Tasks You Can Outsource to a General Virtual Assistant (GVA) – TODAY!<br />
Retrieved August 10, 2014, from http://www.chrisducker.com/25tasks/<br />
Graphic designer: Job description. (2014, February 1). Retrieved August 10, 2014, from<br />
http://www.prospects.ac.uk/graphic_designer_job_description.htm<br />
Lawton, T. (2013, July 13). The Role of an Online Business Manager. Retrieved August 10,<br />
2014.<br />
Lazada.com.ph: Online Shopping at Affordable Prices in Philippines. (n.d.). Retrieved August<br />
10, 2014.<br />
Mallory, D., & Wiley, M. (2014, August 5). Retrieved August 10, 2014, from<br />
http://www.wisegeek.com/what-does-an-affiliate-manager-do.htm<br />
OLX.ph by Sulit.com.ph - The Philippines' #1 Buy and Sell Website. (n.d.). Retrieved August 10,<br />
2014, from http://www.olx.ph/<br />
Wile, E. (n.d.). The Roles of a Business Owner. Retrieved August 10, 2014.<br />
Yu, C. (2007). WHAT DRIVES ENTERPRISES TO TRADING VIA B2B E-MARKETPLACES?<br />
8(1), 86-100.