I want to write an executive summary for my report. College Students behavior on

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I want to write an executive summary for my report.

College Students behavior on Used Textbooks Introduction and Business Opportunity Student life period is a tough time during everybody lives. During this period there are a lot of uncertainties such as what to do when graduate or even how to pay your bills for the next month. Most likely, during this period of live, money is a constantly concern and being able to save some and avoid expending it, comes with certain priority At the begging of every semester, there is the necessity to buy a few books, some very expensive for a student income, therefore one option that is not well used is to buy second hand books. This purchase option does not cost as much as a brand-new book and it fits well to the issue of money, Buying and/or selling second hand books to students through an online channel is a good business opportunity. There is room for business in this market whereas a company can earn profits on considerable number of books supply. Another positive factor in this type of business is that an organization can eam the profit from both buyers and seller. A student most likely will buy an used book in good conditions for his/her new semester but at the same time will sell the books that are no longer needed. Students who buy the book will wish to sell them on next semester. This cycle will repeat until the person has graduated. In this sense, an organization in this market is a communication channel for buyers and sellers. Business Opportunity Description To conduct a business focusing on that market, we identified that the initial investment is consisted basically in developing and maintain an online website and a physical space whereas the customer would leave and pick up the books; also with a

Explanation / Answer

Education is becoming expensive day by day. In the proces of becoming educated we need to bear a lot of expenses such as paying tuition fee, Examination fees etc. One most important cost included in this process is buying textbooks in the beginning of every semester.

Buying new textbooks is very costly which is not affordable for almost many students. Therefore the other option available is to purchase second hand books. Hereby our plan is to develop a online platform for buying and selling second hand books.

As per our survey ,conducted to understand the need for this platform and also to identify potential customer base, it is being found that 92% of the students purchase books for their studies out of which 59% keep their books after completion of their semester. It is also found in the survey that 70% of the students want to sell their used books.With the help of the survey we have got to know that online platforms for selling and buying books are used by very few students. The most common procedure of selling & buying books is going to a physical store.

This business plan will provide a platform in which a student can easily buy or sale their books . In a way it will help a student to earn while continuing his/her studies as well as also helps in cutting the cost of buying a book.

This plan has only a initial investment of developing a website , a physical space initially for buying and selling the books and a posibilty of investment for developing an application in future.Since it is a need to check quality of the books for a student before they purchase it, there is also a planning in the businees to offer buying books initially to ensure quality. No operational costs are involved in the business

The target customers will be initially the college students of the Montreal Area. Gradually with the growth there are plans to explore Universities.

This plan has no legal implication apart from registering the company as per the law. Customers will be required to have an account in the company website which can be done by registering themselves through the company website by agreeing to the terms and conditions.

The business has the plan for tieing up with various online payment system so as to provide the facility of online payment to the customers. COD will not be introduced initially

This Business plan is a new platform.This gives solution to many problems of the students such as buying textbooks in a cheaper price, instead of storing the used books and blocking spaces selling the books and also in way giving an opportunity of earning while studying which also overcome to an extent of paying huge tuition fees etc.

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