Business Plan for Online Portal Essay Example | Topics and Well Written Essays - 1000 words

Business Plan for Online Portal - Essay Example It can be an individual or a group who wants the costume urgently and also the exact type for the theatrical portion. Ireland being a culturally active country, the need for quick access to the costumes either to buy or rent will always be required desperately. There are tremendous amount of requirement for quality costumes and of varied price ranges. There are numerous websites which will give you lot of options to purchase, rent or sell the costumes but it does not meet the need of each and every person. Either the prices are too high or the exact type of clothing is not available. In such cases what are your options' In fact there is none. The idea of this portal is to bridge the gap between the consumer and the vendor. There are many such vendors who are willing to perform online trade and as a matter of fact the count is quite large. All one needs is a common platform to trade. The business model is unique and one of a kind. Though this form of business is not unknown to the people, yet its usage in the costumes industry has never been thought of before. The idea of this paper is to look into the business perspective of the portal and analyse its various aspects, like SWOT, research methodologies and the analysis part which will provide the readers a proper overview of the viability of this project. The needs of costumes are required not only in Ireland but all over Europe, which is rich in cultural activities and hence the prospect lies in addressing such a need across Europe. However, initially the idea is to concentrate only in Ireland and that too in the field of costumes. Once the business has stabilized the other areas of theatre and drama will be taken into account also considering the prospect of spreading it against the other countries of Europe. The areas which are thought of are props, sets and theatre professionals. The basic idea or the USP of the business will remain the same. A common platform to rent, sell or buy the services as and when required. Also the prospect of identifying a large number of clients and vendors under the same roof is one of the USP for the business. 2. Literature Review There are quite a few websites which at present deal with the exchange, sell and buy of such costumes and other related services and products. There are costumes which are available for diverse range of occasions. These include the costumes required for television, film, Halloween, medieval or children's costumes. The modus operandi for such websites or online portals is relatively simpler. They have a few set suppliers or themselves are the agents of such products and services. In such case the stock is limited and the availability cannot be judged