Checkpay Business Plan for Online Payment and Transaction Platform

Business plan
Strength: the strength of the
company lies in the
uniqueness of its design
and dynamic nature, this
plan is all set to bring
easiness to payment
methods.
Threats; threats for the
Checkpay is its competitors,
the only and the biggest
threat is substitutes of this
plan, competitors will going
to copy the idea and spend
more budget to become
perfect.
Weakness: the weakness of
Checkpay lies in the use
and handling, at start many
people will going to find
difficult to handle this
platform and as this
business idea is new so
business will less likely to
trust the company.
Opportunity: as per
uniqueness, the Checkpay
will going to have certain
opportunity in the business
world. As in the modern
digital world, this idea can
be very successful.
The target market is the
place where the company is
planning to lunch their
product, for the Checkpay,
the target market will be
business mainly small scale
business. The small scale
business find it the most
difficult in transaction and
face certain issue in online
payment. The company is
planning to segment the
market according to size of
the business.
The Checkpay need the
moderate investment to
start, although the company
have plan to reinvest in the
business for the better
experience of the customer.
Finance and budget will be
arranged through
stakeholders which later
going to have part in the
management of the
business organization.
The competitors analysis
allow business to view and
understand the movement
of the competition and
analyse what next step they
are planning in the market,
for Checkpay, the biggest
competitor is the
Checkout.com, this UK
based business
organization allow business
to even transact outside the
country.
Product mix; the product
mix of the company show
the unique design and
structure of the platform.
Price mix: price of this
Checkpay platform will be
set according to the size of
the business and as per the
requirement of the client.
Place: place for this
Checkpay will be online
platform, user and clients
can purchase or use this
site to pay their bills.
Strength ThreatsWeakness Opportunity
Market FinanceCompetitors Marketing
Overview: The Checkpay is all set to bring
easiness in the business transaction of the
online, many business face certain
problems and issue in the online payment
and transaction and slow down process of
the business, this business idea plan to
solve the problem of online payment with
a vision to bring easiness in the
transaction and objective to become one
of the most trustable online transaction
and payment platform.
The Checkpay