Project revenue simulation
Posted: Sun Dec 22, 2024 6:15 am
Simulation of a monthly result based on our budget
The expected result will be the total margin of all the keywords minus all the overhead costs, which are all those not included in the cost, such as rent, salaries, electricity, water, etc.
It would also be a good idea to add to these expenses what your e- taiwan phone code commerce will cost you and divide it between 36-48 months because within that time you will have to update it or make a new one, ideally the next one will be paid for by the same project.
E-commerce launch plan - Monthly result simulation
Decision making
With all this information we can get an idea of the viability of our project and we will know that if these assumptions are met our project will be viable.
We can also monitor and be alert in case any of the variables change, and see ho
w it will affect our progress.
As I have indicated before, if the result is not positive, do not discard it outright, rethink the project, look at what points you have wrong and try to correct them.
If you are unable to reach this point with a positive result, do not continue with the other phases of creating the e-commerce (platform, theme, hosting, etc.).
This is by no means intended to be an in-depth market study, which is the right thing to do if you have the budget and there are also professionals for that.
It is only intended to be an approximation of what our project could be once underway.
I hope this article helps you make decisions in the future and realize that in every crisis there are opportunities.
Do you still have questions about how to carry out an e-commerce launch plan after conducting an economic study? I'll wait for you in the comments to continue the discussion.
The expected result will be the total margin of all the keywords minus all the overhead costs, which are all those not included in the cost, such as rent, salaries, electricity, water, etc.
It would also be a good idea to add to these expenses what your e- taiwan phone code commerce will cost you and divide it between 36-48 months because within that time you will have to update it or make a new one, ideally the next one will be paid for by the same project.
E-commerce launch plan - Monthly result simulation
Decision making
With all this information we can get an idea of the viability of our project and we will know that if these assumptions are met our project will be viable.
We can also monitor and be alert in case any of the variables change, and see ho
w it will affect our progress.
As I have indicated before, if the result is not positive, do not discard it outright, rethink the project, look at what points you have wrong and try to correct them.
If you are unable to reach this point with a positive result, do not continue with the other phases of creating the e-commerce (platform, theme, hosting, etc.).
This is by no means intended to be an in-depth market study, which is the right thing to do if you have the budget and there are also professionals for that.
It is only intended to be an approximation of what our project could be once underway.
I hope this article helps you make decisions in the future and realize that in every crisis there are opportunities.
Do you still have questions about how to carry out an e-commerce launch plan after conducting an economic study? I'll wait for you in the comments to continue the discussion.