Business Model Paper

Feasibility Study Business Concept: A student / higher(prenominal) education only website, providing a targeted market place for the sale, purchase, and exchange of goods. foodstuff Environment: As Internet usage continues to rise, it has had a exponentially positive effect on the online vendue industry. (Sheehan /Doherty 2001). Auction sites themselves argon becoming increasingly popular, (and as a result) the diversity of goods on offer is also rising. (Halstead, D. & Becherer, R.C. 2003) The online auction off market is presently synonymous in this country with eBay, one of the largest and most productive online auction websites in the world. Online auctions are responsible for over $60 billion for of goods sold worldwide in 2008, with ebay generating the majority of gross sales in both cumulative value and number of items sold. However, in that location are many specialist auction sites that also involve niche segments of the industry, and operate profitably, such as antique auction sites, or specialist gifts (Millman, 1998) A student only auction website would operate in a niche market, although with a potentially huge market size. With 2,396,050 existing H.E. students, (hesa) and 71,227 hopeful H.E.

applicants registered in oct 2010, with an maturation predicted year on year for the foreseeable future (ucas) , the market could potentially exist with over 2 million customers in the U.K. alone. The market is profitable also, as proved by Ebay, which has put down revenues of $8,727.4 million, and a net profit of $2,389.1 million in FY2009. (datamonitor) not only is it profitable, but the market has allowed ebay to grow aggressively, posting ontogeny at almost 92% between 2005 and 2009. But this whitethorn also be partially due to ebays efficient naught inventory business model (datamonitor). Since 2005, the online market itself has vainglorious by 150% (e-commerce- UK, Mintel) maket in brief. This would indicate that although ebay is growing rapidly, the market has grown enough to accommodate it as a high volume... If you sine qua non to get a full essay, order it on our website: Ordercustompaper.com

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