IT Company Formation Proposal – IT/BPO (Business Process Outsourcing)/Digital Agency Company Formation Proposal
Prepared For: BPOEngine.com
Prepared By: Mahbub Osmane
Who We Are?
- A BPO Company For International Clients
- 360′ IT Enabled Digital BPO Company
- Business Acumen (the ability to make good judgments and quick decisions, typically in a particular Clients.)
- Technological Efficiency
- Creative Production
- 24/7/365 Service Enabled Company
Vision
- Build relationships
- Be a vital sourcing asset
- Helping & Guiding client growth and stability in the global marketplace
- Maintain strong workplace standards and opportunities for our employees
- Our vision is to be the leading BPO and DIgital services company
Mission
Our mission and values are to help businesses throughout the world in the BPO landscape & remain a world-class entrepreneurial, diversified, and socially responsible growth company that provides high-quality BPO services for our clients.
Our Goals
- Redefining B2B Client Experience
- Continuous Improvement In BPO Service Sector
- Transforming BPO businesses in a new hight
Business Objective
- To Provide the best in class, high end, and economical BPO & digital business solution
- To create, develop, deliver BPO service which exceeds companies & customers’ expectation
- To maintain and sustain relationships with the business owner for long-term success.
- To position ourselves as a unique and viable alternative in the BPO market.
Success Metrics
- Providing Value for money proposition
- Ensuring High Return on Investment
- Providing High-Quality Services in a sustainable manner
- Delivering data-centric, research, and analytics-based BPO & digital services
- Speed is the new currency of business
Problem Identification
- Lack of creative ideas
- Digital Expertise
- Unprofessionalism
- Non registered fraudulent companies
- Technological in capabilities
- The gap between creativity & strategic execution
Opportunities
- Increasing Internet Penetration ( 53% penetration, 47% Remaining )
- 42% active Social Users
- The increasing number of mobile users ( 39% Active Mobile Users )
- High growth in active social media users
- Companies are realizing BPO & Digital potential
- Turning fear into an opportunity ( Fear they will be obsolete in 3-5 years )
- 90% see BPO & digital business initiatives as critical to the success
- Have no idea what their industry will look like in 3 years (48%)
Unique Selling Proposition
- We like to conform to the highest professional standards and business ethics in everything we do
- Build in-house technological capabilities with highly capable experienced tech people to serve our international clients’ best interests
- Our creative team will provide unique brandable ideas and execute them in an artistic manner to enhance ROI
- Create a bridge between strategy & creativity
3 Core Functions
- Digital Services
Development Digital Marketing Graphics and Creative ( First 2/3 Years )
- Digital Product Business
Affiliate Marketing Dropshipping Print on Delivery (POD)
- Training & Development
Courses Workshops Talent
More Service Details Are Given In The Box
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Industries We can serve
- Software Hi-Tech
- Banking and Finance
- Energy & Utilities
- Media & Publishing
- Real Estate
- Travel & Tourism
- Healthcare & Insurance
- Ecommerce & Retail
- Agriculture
- Logistics & Transport
- Textile
- Pharmaceuticals
Digital Services
Development
- Web design and development
- Mobile & web app development
- E-commerce web & sales automation development
- ERP/CRM development
Digital Marketing
- SEO, SEM
- SMM
- PPC
- Email & SMS
- Content Marketing
- Mobile Marketing & So On
Graphics and Creative
- Brand Identity Creation
- Flyer
- Brochure
- Business Card
- Logo
- Letter Pad
- Motion Graphics & So On
Client Acquisition Factors
- International Job Platform Experience/Recognition ( UpWork, Fiverr, HubStuff, RemoteCo & So On )
- Travel To the Middle East & Europe Country
- Trust
- Performance & Likability
- Network
Trust Factor
Client Visit Website > Find Alliances & Partnership > See Previous Works & Experiences > See Client List > Observes SM Pages Activities >Visit Office
July. Aug. Sep
- Apply/Job Searching > Company Build – Brand – Launch
Oct. Nov. Dec
Continuous Building
- Website: www.bytecode.net ( UI/ UX)
- Blog establishment to generate leads & affiliate commission
- ByteCode App
- Portfolio for each category of services
- Social Media Pages
- Regularly Ad Promotion For International Client
Jan. Feb. Mar
Branding
- Artistic & creative brand identity development
- Business Card, Flyer, Brochure, Signature Email Template,
- Company Letter pad, Company Seal
- Social Media Pages Activity ( 10,000 Likes/Followers to initiate)
- Enhance blog Activity and Content marketing
Relaunching
- Website Launching Event
- Press Release
Phase 1 Team Requirements
- BD & DM Manager ( 50,000 BDT )
- Project Manager ( On-Demand Per Client Wise )
- Web/ Soft Developer ( 40,000 )
- Visualizer/ Designer ( 30,000 )
- Job Searcher / VA ( 30,000 )
- Copy Writer/ Content writer/ Content Strategist ( 30,000 )
- Email/ SMS Marketer (Freelance)
- Video Maker (Freelance)
Additional Required Team after 6/12 months
- Marketing Data Analytics
- Conversion Optimizer
- Social Media Leader
- Digital Ad Specialist
- Mobile App Developer
- Public relations specialist
- Customer support specialist
- The Connected Salesperson
After 2 Years / The beginning of Phase 2: Staring Digital Product Businesses
- Hiring Consultant
- Purchasing/ Building Tools
- Developing Products
Phase 2 Execution: Staring Digital Product Businesses
- Marketing Digital Services
- Start Selling Digital Products
- Start selling training and courses
- Serve Existing Clients
- New Clients Acquisition
- Process Development
- Prepare sites to sell
- General Sales to achieve revenue goals
Business Strategy 1
Divided Business Segments
- Digital Service Selling
( Slow Process, Sustainable, External Factors)
- Digital Products & Assets
( Fast Process, Changes Frequently, Internal Control)
- Skill Development Training
( Government Projects, Talent Pipeline, Branding)
Business Strategy 2
- Target Group Specification
- First Three Year: Small & Medium Businesses > Building Portfolio > Cost-Effective to acquire
- After Third Year: Gradually shifting to gain big businesses
Business Strategy 3
- Dividing the Internal Team
- Team A: Will serve existing clients > Regular digital service & product selling
- Team B: Focus will be on business development > New client acquisition > Secure Future position
Pro Forma Income
Details Revenue Expenditure Projection for XYZOfGroupOfCompany.com
Cost to set up a minimum IT & Digital Agency in Bangladesh( 2022 )
Initial Office Setup Cost: $10,000 ( With 7 Computers + 2/3 AC + 2 Monitors + Private Ltd Company or Proprietorship Company Formation)
- 1. Monthly Office Cost: $600,
- 2. Project Manager: $600,
- 3. Developer: $500,
- 4. Graphic Designer: $500,
- 5. Digital Marketer: $500,
- 6. HR & Financial Officer: $300,
- 5. Video Creator & Editor: $500,
- 6. Content Writer: $500
- 7. Miscellaneous: $200
- 8. Paid Marketing Cost: $500 ( First 12 Months, $6000 Extra, If Company is new born )
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Total: Monthly Cost $4200 * 36/48 Months = $151,200 / $2,01,600 will be needed to go to breakeven., This is the cost to set up a minimum IT & Digital Agency in Bangladesh ( 2022 )
Competitors:
- http://www.genexinfosys.com/
- https://www.aslpreservationsolutions.com/
- https://www.sebpo.com/
- http://www.digicontechnologies.com/
- http://www.fifo-tech.com/
- http://www.aamraoutsourcing.com/
- http://www.syntechbd.com/
- https://www.bpo.com.bd/
Reasons A Company Died!
- No Strategy, No Identity or Positioning
- Failed to build an effective team
- Hired More People with Less Salary
- Failure to deliver real value.
- No Diversification
- Lack of authenticity and transparency
- Inability to control expenses
- Lack of strategic and effective leadership
- Failure to build an employee “tribe.”
- Failure to create the proper business systems.
- Unable to compete against market leaders.
- Failure to connect with the target audience.
- Failure to create an effective sales funnel.
Extra Opportunities
- Government Project
- Big International Client
- Hosting Business / Cloud Computing / Networking Solutions / Security Solutions / Government System Digitalization, AI, IoT
Pros & Cons of BPO & Digital Agency Business
Pros:
- Still enough market size to grab ( Almost 50%)
- We will be one of the pioneer brands within 2-3 years
- Slowly We can continue Digital Products/ e-Com with the same team
Cons:
- No Visible Product / Software (First 3 Years)
- Resource persons are not available within the limited budget
- Time Consuming
Team For Only Amazon Affiliation business
Spend: 70000 – 80000 / Month
Affiliate Manager: 30,000
Content Writer: 30,000
SEO+Content Marketer: 20,000
Others: 20,000
Total Spend: 8,40,000 *2= 16,80,0000 for 2 years ( 17 Lakh+- )
Revenue:
1st 6 months: $0 =
7 month to 12 months = $1200 = 96,000 ( one / two websites)
13 Month to 18 Month = $3600 = 2,88,000 ( one / two websites)
19 Month to 24 Months = $12000 = 9,60,000 ( one / two websites)
Approximate Min. Revenue = $16800 = 13,44,000 ( one / two websites) + Two Websites Value 16,00000 ( $20000, if we wanna sell)
Total = 13,44,000 + 16,00000 = 2,944,000 ( 29 Lakh +- )
Profit Min 11 Lakh BDT & Maximum 20/25Lakh
Risk Factor:
- Google Penalty
- Time Consuming
Our Success Story & Example of Some Profitable Affiliate Website
- https://www.vacuumkoo.com/
- http://blog.linkody.com/niche-sites-case-studies/
- http://www.shoutmeloud.com/built-a-micro-niche-site-make-money.html
- http://flippa.com/blog/why-micro-niche-sites-no-longer-work/
- http://www.nichepursuits.com/4-examples-of-successful-niche-websites/
- https://thewirecutter.com/
- http://hairsort.com/ ( Semi Niche )
- http://babygate.org/ ( Single Niche )
Some Other Exclusive Business Ideas
- Living in a Road Vehicle (RV)
Monetization: 01. Unique Business 02: Travel 03: Ad 04:
- Offering Monthly Grocery ( http://successfulkitchen.com/ )
Monetization: 01 Grocery Cell, 02. Amazon Affiliate 03. Kitchen Product Sell & Affiliation
- Amazon Affiliation ( Already Doing )
- Digital Marketing ( Already Doing ) & https://mahbubosmane.com/
- Blog Development (Travel) https://fnftravel.com/
Monetization: 01. Amazon Affiliate, 02. International & National Travel Event 03. Affiliation With Travel Vehicle 04. Affiliation With Hotel & Motel 05. Affiliation With Travel Resorts 06. Affiliation with pilgrimage institution 07. Affiliation with
- Restaurant Business
- Phytel, Ambulance, Online Medicine & Medical instrument supplying, Medical Air Ticketing, visa & booking, Medical Admission in home & Abroad, Doctors Appointment.
- Software Business ( B. Grammarly)
- Theme Development.
- SDS & IDC ( Islamic Q & Answering Website, Bangla & English Version
- Tuition App
- News Blog / Magazine Development Exa: https://www.nytimes.com/
Monetization: 01. Google Adwords 02. Monthly Subscription
- I D C English Medium Madrasah Partnership + ICT Business Proposal
- Blogging or Content-Base Business Proposal
- 360′ Digital Marketing Agency Proposal
More Business Ideas
- Best Small Business Ideas for 2020
- Www.businesstown.com/300-best-small-business-ideas/
- Www.bootstrappingecommerce.com/startup-business-ideas/
- Www.entrepreneur.com/article/292277
- Www.oberlo.com/blog/business-ideas-that-make-money
- Www.entrepreneur.com/article/303892
- Www.logaster.com/blog/business-ideas/
- Www.businessnewsdaily.com/4572-online-business-ideas.html
Tech business ideas
- Www.smallbiztrends.com/2016/01/low-tech-business-ideas.html
- Www.smallbiztrends.com/2017/11/high-tech-business-ideas.html
- Www.effectivebusinessideas.com/18-best-business-ideas-tech-savvies/
- Www.ideaswatch.com/startup-ideas/tech
- Www.profitableventure.com/technology-business-ideas/
- Www.minterapp.com/20-high-tech-business-ideas-small-business/
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