Preview

bla jg oe perp

Powerful Essays
Open Document
Open Document
480 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
bla jg oe perp
When researching the price of virtual styling applications the prices vary. Larger companies did not charge a price for their applications and website subscripitions while unknown companies did. The price of my product will be priced around $9.99. The other applications do not offer virtual styling services, they only offer style recommendations and fashion updates. I believe that 9.99 is a good price to offer for the application. I would also consider going a bit higher, around $15.00 for the application as well. I do not want to price it too high because I am not sure if consumers would pay mor than $20.00 for this application. A free trial will be given for customer to try out the virtual styling experience for a day. Consumers can try out the application and use the sites features as a paid member. At the end of the trial, consumers can purchase the application. I also researched some applications that allow consumers to have memberships options. "The more you appeal to the masses, the less exclusive you become, and the less value your premium possesses." (Sinek, 2009). This would allow me to lock consumers into subscriptions. If I were to choose the subscripition option it would provide a continuios stream of income for the company and also give consumers different level of memberships. Regular membership is a general subscripition to the site and its features. VIP membership would be more in price and offer incentives such as free shipping in specific orderes, sneak previews to new collections, and also in depth personal styling and recommendations.
I am not sure which route to go. I would like feedback to make the best decision.

The size of the e-retail industry is constantly growning. Foster research reported that online retail in the U.S. will grow at a compound annual rate of 10% from 2012 to 2017. Sales will grow from 225.5 to 434.2 billion dollars. Duing the 2014 fiscal year, my company plans to cover 7% of the online retail market duing each

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Khillwar Case

    • 884 Words
    • 4 Pages

    1. Provide trial versions of the gaming software to customers and then charge a subscription fee once the trial expires.…

    • 884 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Final Report - CanGo

    • 2171 Words
    • 9 Pages

    A successful internet startup company, CanGo has grown from a small retailer of books to an online retail hub where customers can purchase games, movies, music, and books. CanGo is looking to move forward into new and emerging markets such as online gaming while seeking to enhance their current operations through the use of technology. In order to help address any issues which may occur because of these proposed changes, CanGo has enlisted our consulting firm to help them with their financial and managerial problems. We have identified several key areas in which the company could stand to improve, and highlighted several important financial ratios which will help the firm to monitor its position as it moves forward. Along with these insights, we have suggested several new innovations which could help place CanGo into position to become a leader in online retail and gaming.…

    • 2171 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    blue nile case analysis

    • 921 Words
    • 4 Pages

    -Big brick and mortar stores may make bigger push into online retailer (zales, costco etc.)…

    • 921 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Business Research - Rwt-1

    • 3333 Words
    • 14 Pages

    ABC Corporation is a retail establishment that has attained a stronghold in the United States through brick and mortar stores. Desiring to increase revenue and broaden its customer base, ABC is currently entertaining the idea of entering the online sales arena. Allison Enright, (2012) Editor of Internetretailer.com, states that,” U.S. e-commerce sales accounted 5.1% of total retail spending, according to an estimate released last month by the U.S. Department of Commerce. It is the first time that e-commerce as a percentage of total retail spending has topped 5%.” These figures suggest ABC’s desire to break into online markets is both timely and fiscally sound.…

    • 3333 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Do you want to feed your child something natural, or something manufactured? “A pair of substantial mammary glands have the advantage over the two hemispheres of the most learned professor’s brain in art of compounding a nutritive fluid for infants” a quote from Oliver Wendell Holmes. When it comes to a mother’s child, nothing but the best is expected for that child. Therefore, why bottle feed over breastfeed? Every mother should breastfeed opposed to bottle feeding, for these reasons: it is cost free, always available, all natural, and the skin to skin contact is very important for the mother and child bonding…

    • 103 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    up north fishing

    • 544 Words
    • 3 Pages

    Moving into this new chapter of our organization is a very exciting time. With excitement comes, new risks that need to be researched carefully for our company to be successful. In this report I will give you the information you need to make informed decisions on how to take the next steps, which will make for a successful transition to the new world of on-line shopping.…

    • 544 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    In today's businesses e-commerce is becomingly more effective in the modern world. Two major companies stand out, one solely relying on online business and the other both store and online services. Most individuals are familiar with these companies, Amazon and Nike. Both of these companies carry strong points in their own right, and as demand for their products grows, so does opportunity. Amazon was once very plain and unattractive but was still the primary bookseller for consumers on the Web, and Nike was a small growing firm that made athletic shoes imported from Japan, making its presence in the American market.…

    • 1113 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Chapter 8

    • 259 Words
    • 2 Pages

    State two reason for the steady growth of online purchases as a percent of total retail sales.…

    • 259 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Research Report

    • 1825 Words
    • 8 Pages

    This report was designed to analyze Company A’s decision to expand into online sales. Company A is a well-known and respected company within the retail business and community. As for any business, one will look for new ways to increase their companies net worth. Out of all the individuals in the world that are online, close to 85% of them shop online. If you are only able to tap in to a small population with a brick and mortar it would make sense to get your company online and be available to billions.…

    • 1825 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Swot J E Gello

    • 907 Words
    • 3 Pages

    Nowadays, internet is so strong. So distribution of internet is more and moreimportant, growing e-retail can increate sale quantity. It can attract more customers purchase your products, because for customers this more convenience.…

    • 907 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The American Association of Colleges of Nursing has provided an essential guide for graduate level of nursing scholars. The nursing scholars are expected to be an effective leader, be a lifelong learner, able to collaborative with other health care discipline, able to steer through different health care services within the health care system, able to explore and experience different nursing practice, and able to cooperate evidence-based nursing practice into daily advanced nursing practices (American Association of colleges of Nursing, 2011). In order to be an successful graduate nursing scholars, learning how to be more effective in written communication is essential.…

    • 100 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    A&D High Tech

    • 4238 Words
    • 17 Pages

    The company online store was the answer that would enable A&D High Tech to realize both growth strategies. Moreover, it would help the company gain a new competitive edge. That’s why, it was decided that it would be the company’s top priority. In this report, we address a problem the company is facing which is meeting the deadline for launching an online store before Christmas. The project will cost around 1 million USD and will be finished by the 27th of November according to the initial plan; however, as outlined later, finishing by this deadline is too risky.…

    • 4238 Words
    • 17 Pages
    Powerful Essays
  • Satisfactory Essays

    Case Study Dirt Bike

    • 231 Words
    • 1 Page

    1. How can “Dirt Bike” benefit from a new e-commerce strategy? Should they sell Bikes and/or accessories…

    • 231 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    4) Information asymmetry exists when one party in a transaction has more information for the transaction than the other party.…

    • 2506 Words
    • 11 Pages
    Satisfactory Essays
  • Powerful Essays

    E-commerce or E-tailing – the next big revolution: With the advent of e-commerce in the retail industry, retail stores are facing stiff competition from e-stores. The rising demand for e-shopping has lead to a new debate cropping up in the world.…

    • 1747 Words
    • 7 Pages
    Powerful Essays