COMPANY EXECUTIVE SUMMARY
Merin.my is an e-commerce company designed to become the market leader in Web-based leader of the marine industry. The company is located in Kuala Lumpur, Malaysia. Although many internet companies have recently failed, the Internet is still poised to support e-commerce retailers. Most of the dotcoms failed because of access to capital with an unproven business model and no true revenue streams. Merin.my will overcome these problems with an easy to use website and an efficient distribution system.
Merin.my mission is to allow supplier, buyer, engineer, officer and marine related industry to buy and sell in his or her region simply and conveniently. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall into place. Our services will exceed the expectations of our customers.
As with any start-up company, Merin.my recognizes its risks. We are a new company and as such, we will need to meet market acceptance. To the end, the company is working to determine trends in the industry, the needs of the customer, and how best to address the needs of the customers.
We expect to be a leader to introduce the Merin.my as a first marine e-commerce business in Malaysia. The marine industry should be equipped with the advanced technology in order to ensure the smooth, efficient and time saving working system be achieved.
The company is seeking a moderate start-up investment. The Merin.my’s revenue projections for year one are for a 40% growth. Merin.my expects to achieve profitability in the early year of launching which is in the fourth months of first year operations.
Business Intent and Proposed Business Activities
The viewpoint behind our site lies in our name, Merin. Our site allows supplier,buyer,engineer, officer and marine related industry to buy and sell in his or her region simply and conveniently. Merin.my connects millions of buyers and sellers in Malaysia every month by delivering a remarkable user experience on the site. Every Malaysian can find something to buy or sell on Merin.my.
Mission and Objectives
Merin.my objectives for the first three years are:
- To make Merin.my an icon brand.
- To develop an effective, well placed e-commerce site for sales of marine product.
- To launch a laser-focused marketing campaign in a controllable and measurable market that will drive customer’s toward the company’s website.
- To create an infrastructure for the fulfillment of Web-based sale.
Merin.my mission is to allow supplier,buyer,engineer, officer and marine related industry to buy and sell in his or her region simply and conveniently. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall into place. Our services will exceed the expectations of our customers.
Overall Product Description
Merin.my is an e-product owned by Quality Dominic Enterprise. Merin.my is Malaysia’s leading online maritime destination. We are the largest and fastest growing advertising site in Malaysia and strive to expand it all over Southeast Asia. Founded in early 2016, we are present in Malaysia. Merin.my is pioneering maritime advertising site across some of the fastest growing countries in the world by offering a fast, secure and convenient online advertising experience with a broad product offering in categories ranging from bearing, electric equipment, safety equipment, pipes, tubes and hand tools.
Local and Global Demand
Merin.my is providing its customers with a well-priced, convenient marine online business purchase. The Merin.my seeks to fulfill the following benefits that are important to customers.
- Selection: Customers demand a wide selection so all of their business needs can be met in one store.
- Customer service: Customers not only expect the best service and well treated, but value for money, which is what we give them in our product.
- Convenience: Online basis business which is easy to access anywhere and the unlimited business hours to purchase the product also accommodate with fast delivery.
- Price: Pricing is one of our competitive advantages. We offer prices that are reasonable which the product come direct from the supplier.