testing value proposition

Value Propositionfor

arbirage

for Technology Entrepreneurship Venture Lab 2012

hypothesis Malaysia - a former colonial of UK

Many educational ties between Malaysia and UK

Many people from UK travel to Malaysia for the academic purposes

They buy from Malaysia for cost difference for family

and friends

But have to also think about luggage limits, limits the good to be bought

arbirage.com solves the issue, serve such buyers 365 days online. They buy from home country

future target markets Australia and US

In short...

Online market for worldwide consumers,

specially UK, US and Australia, to buy low cost, good quality products

from Developing countries

The test

Set up website

www.arbirage.com

Started stores on eBay

And a Fan page on Facebook

Test on

Validated

Powerseller of eBayTop Rated Seller on US and UK Market

Facebook Fan Page

173 Likes and growing

Most Important2526 satisfied customers and growing

Startup Compass saysArbirage is Automator

Most common Value Proposition : Cheaper

Market size = $11b

New Hypothesis

If Arbirage become Online Hypermarket. Arbirage will reach Product/Market fit and at least 40% of our customer will be disappointed if we closed down our store