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![Create a Business Plan and Business Model](https://fortunetelleroracle.com/business/public/index.php/upload/media/posts/2020-06/13/create-a-business-plan-and-business-model_1592023694-b.jpg)
Create a Business Plan and Business Model
![Create a Business Plan and Business Model](https://fortunetelleroracle.com/business/public/index.php/upload/media/entries/2020-06/13/232576-entry-0-1592023694.jpg)
Creating a business plan is that the most elementary step to start out an eCommerce business; be it India, be it the other place. However, it's also the foremost essential step in fixing your eCommerce application; if done wrong, all the further efforts can enter vain. Your business plan must be designed consistent with the marketing research, financial budget, and margin of profit. Almost like a brick and mortar store, a web eCommerce store also requires a business model.However, remember that the proper business plan is crucial for implementing your business model. There are mainly two sorts of business models viz.single-vendor and multiple-vendor marketplace. The previous refers to one vendor selling to multiple customers and therefore the latter refers to-multiple vendors selling to multiple customers. If not these marketplaces,you'll choose already-existing marketplaces like Amazon, Flipkart, and so on.