Transcript Mob Bargain

Online Shopping: Mob Bargain
Concept: "Mob Effect" - Enjoy wholesale price with buying at bulk
How it works:
• Leverage the web audience to reach a critical mass
• Electronic Gadgets, Textbooks, Air Tickets…
• Buyers want to save a buck
• Sellers want to reduce inventory
Revenue Model:
• Buyers side - membership and/or transaction fees.....
• Seller side - brokerage fees, advertising fees....
• Web site – Advertisers can place “target ads” to these “bargain hunters”
• Partners - credit card companies, banks, courier services, escrow services,
3rd- party insurance/warranty companies
Online Shopping: Mob Bargain
Headwinds (Potential Problems):
• HK distributors have exclusive rights for the latest items; i.e. iPad
• Consumer belief in concept
• How to convince consumer to trust our site? (website’s reputation)
• How do we assure ourselves these sellers are legitimate? (a seller certification
program)
• How do we assure sellers actually have stock on-hand?
• Do we guarantee transactions? once costumers pay money....offering insurance
• Logistic issues