ADMINISTRATION OPERATIONS & EXPENSES
Since most of the business is online and fully automated, the company has;
1. Minimal manpower requirement (Mostly Information Technology staff).
2. Minimal office requirement (Most work at home).
3. Minimal operating expenses (Only monthly recurring expenses).
4. Minimal administrative expenses. (Accounting paid in retainer)
5. Executive and HR administration handled by partners.
6. IT Operations handled by partners.
7. Customer service is subcontracted.
MARKET ANALYSIS
Worldwide research shows internet activity ranking as:
1. Communications
2. Watching Videos / Movies
3. Online Shopping
4. Gaming
5, Information Search
6. ...
The company will concentrates on providing services on the Shopping and
Gaming internet market since the top 2 categories are already dominated
by giants such as facebook, twitter, netflix, youtube, etc.
Market Analysis
84.45m Domestic Online Users
12.83m Overseas Filipinos
Marketing Plan
1. Use social media advertisements such as twitter,
facebook, etc.
2. Use of traditional mass media such as print, radio
and, tv.
3. Use of referral program.
BANKING NEEDS
Hongkong has a reasonable corporate tax and
policies.
Target manufacturers of the company are in China
and contracts with them is easier to translate and
understand if done by HK lawyers. any litigation
arising from misunderstanding shall be in HK where
english is second language.
Most of the target manufacturers probably has HK
bank account.
HK is the regional financial district of southeast asia.
HK is english and chinese speaking region and has
highly educated manpower.
HSBC-HK provides electronic transfers and online
banking that is in nearest proximity to our
manufacturers.
The nature of our business is worldwide and a HK
Bank account funds are accessible anywhere in the
world. Other benefits not mentioned.
Account Type:
HSBC HongKong
Starter Business Account
Primary Source of Funds:
e-Wallet cash-in for safekeeping deposit.
Online Banking and Electronic Transfers.
Transaction Pattern:
Our company will deposit majority of e-Wallet cash-ins from asian customers
in a Hongkong Bank for safekeeping.
Mostly electronic transfer to manufacturer account. Amount varies based on
quantity and unit price.
Sometimes transfer to business account on commissions, refunds, order
cancellations, warranties, etc...
Our customers cash-in our e-Wallet. Our company transfers
payments to the manufacturers
Target Pilot Launching:
Date: January 2024
Target: Filipino Overseas Worker
Country: Hongkong SAR, China