final report on oap
TRANSCRIPT
Final Reportfor
OAP
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
Started store on eBay
And a Fan page on Facebook
Test on
Survey In order not to violated eBay’s Privacy Policy. Team member cannot speak one to
one to customer. A survey has been design by our team member Ivan and mail to our customers
Only 20 customer response before the
deadline.
60% customer will buy from us repeatedly
Sales
Buy from us repeatedlyNot buy from us repeatedly
70% buy from us repeatedly if we sell Perfume
Perfume
Buy from us repeatedlyNot buy from us repeatedly
55%will buy from us repeatedly if we are Online Hypermarket
Online Hypermarket
Buy from us repeatedlyNot buy from us repeatedly
Product/Market fitCustomer
Buy from us repeatedlyNot Buy from us Repeatedly
Validated : Product/Market fit
Surv
ey R
esu
lt
will
buy fro
m us repeate
dly
Perfumes
Hyperm
arket
Product
/ mark
et fit
0%10%20%30%40%50%60%70%80%
Product /Market fitCustomer
Results
60% will buy from us repeatedly
regardless whether we are online hypermarket or not
Growth organically
If Without funding
Priority : Perfume
Growth rapidly
If with funding
This opportunity is worth pursuing for OEP
Buy fro
m us repeate
dly
Perfume
Online Hyp
ermark
et
Product/
Mark
et fit
0%
10%
20%
30%
40%
50%
60%
70%
80%
Product/Market fitCustomer