Online Store Business Concept Type Term Paper

Download this Term Paper in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from Term Paper:

Despite this array of potential benefits I also came across numerous obstacles including risk issues that encompass security and privacy concerns. With this in mind when starting my own business I'll will focus to prevent and take every precaution possible to overcome and therefore give myself advantage over the competition.

Potential customers how many have you talked to?

While attending seminars, talking to friends and meeting new people during my research I spoke to at least 30 people.

A what did you ask them?

Did you shop online? How many times? What was your experience? Were you satisfied with the transaction? Were you satisfied with the product? Why do you shop online? What products do you buy online? What website do you use when shopping online?

A what did you find out?

According to my findings, although online shopping is already a multi-billion dollar industry, electronic commerce is still in its development stage. About 56% of people that I talked to prefer to 'feel' and 'touch' the product they buy. The other 44% of people describe online shopping as fast, convenient and the biggest plus was the ability to shop in the comfort of their own home. Interesting part of my findings was gender please see table below.

A how many are likely to buy?

By conducting a short survey of 18 people (9 male and 9 female), I was able to present the following trends of online transactions. Although the diffusion of innovation line of research would tend to suggest that younger or better educated subjects would be more likely to adopt this innovation, statistical testing of these variables was not significant. There were differences, however, on gender. As table below shows, more male respondents report that they buy online than female respondents.


Female %

Male %

Online Purchases

Yes %

No %

Other people how many have you talked to?

By random approach and interaction, I talked to about 20 people.

A what did you ask them?

Do you have a computer at home? Do you have access to the internet? Did you shop online? How many times? What was your experience? Were you satisfied with the transaction? Were you satisfied with the product? Why do you shop online? What products do you buy online? What website do you use when shopping online?

A what did you find out?

The general response was consistent with my findings in part b). All respondents reported to have a home PC with access to the internet. A little more than 44% of overall respondents reported making at least one purchase online. Remaining respondents are considering doing it in the near future. Their biggest concern was security of the online transaction. Keeping this in mind I'll put a lot of emphasis on making my online store very secure by using services such as HackerSafe.

Competitors how many have you talked to?

I don't know anyone that have this kind of business, however I research organizations like, CDnow and online travel agencies such as One of the strongest benefits of their service which I noticed was the availability of information about products and services they provide, which reduced my uncertainty in the purchase decision process. For example, travel sites allow potential customers to research flight alternatives and make fare comparisons, as well as read hotel reviews and check rates on accommodations. Moreover sites like allow their consumers to listen to new artists and preview sound clips before making a purchase. This kind of approach I'm planning to incorporate into my online store.

A what do they sell?

Books, Movies, Music & Games, Digital Downloads, Electronics & Computers, Home & Garden, Grocery, Toys, Kids & Baby, Apparel, Shoes & Jewelry, Health & Beauty, Sports & Outdoors, Tools, Auto & Industrial, Travel tickets and hotel packages.

A what price do they charge?

Compare to physical stores the prices are on average 10 to 25% cheaper. This is due to the fact that online stores don't require physical shops and don't need as much employees. Since they have lower costs, they can sell[continue]

Cite This Term Paper:

"Online Store Business Concept Type" (2008, March 24) Retrieved October 22, 2016, from

"Online Store Business Concept Type" 24 March 2008. Web.22 October. 2016. <>

"Online Store Business Concept Type", 24 March 2008, Accessed.22 October. 2016,

Other Documents Pertaining To This Topic

  • Small Retail Stores the Concept

    As a small location, the price per feet steadily the same at $45.00, our costs can go down. We don't really need an extravagant space in the first year of operations. 4) Extensive travel will be required during the first year in order to setup the connections in Brazil and establish the suppliers, as well as the designers with whom the company will be working. 5) the Internet will be required

  • Business Plan Concept History Marketing

    Partnership is not an option since there is only one principle. A corporation is too complicated a structure, since it necessitates directors, agents and shareholders. The company is essentially just one person. Sole proprietorship has some advantages. It is the cheapest and easiest type of company to set up. There are many disadvantages, however. These include the fact that the owner's personal assets are on the table if the business

  • Online Profiling the Extensive Collection

    They worked with the FTC to define the following four Fair Information Practices, rules designed to prevent companies from abusing the information they receive through online profiling (Computer law tip of the week, 2000): Rule 1 (Notice): A company must notify customers that it uses online profiling to track their online habits. If it collects personally identifiable information about customers, such as their names, addresses or telephone numbers, the company's

  • Online Transaction Empowered by E Currency Exchange Without

    Online Transaction Empowered by E-Currency Exchange without credit card The growth of the internet on a public scale, since its arrival in the eighties has allowed businesses to expand internationally. User interactions are no longer restricted to the local level. Easy to use web interfaces allow voice, message and video-based conversations. Entrepreneurship is much easier than before as individuals can place their product catalogues on websites without much set up costs.

  • Business Plan Product Description Market

    As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The

  • Business Plan for Internet Site

    This will be achieved by creating a comfortable Internet shopping environment, one in which the net surfer will be drawn to and will find easy interfacing for maximization of purchasing. All of the marketing initially will be done on the Internet using three main media: 1) Search Engines, 2) News Groups, 3) Banner trades. The search engine positioning is the only valid method of marketing. This involves efforts at getting the

  • Business Summaries This Chapter Addresses the Reasons

    Business Summaries This chapter addresses the reasons that one should study business and businesses to begin with. The authors make the point that they do not intend for this to be a narrow study that just focuses on particular examples of successive and failed businesses, although it will include case studies too. But the major point of studying business, the authors write, is to provide a larger sense of what is needed

Read Full Term Paper
Copyright 2016 . All Rights Reserved