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Online Shopping: 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:

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Online Shopping: Mob Bargain

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  1. 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

  2. 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

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