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    Date submitted
  • 12-Sep-2017

Megastore

Abstract

Megastore is mobile-first customer to customer e-commerce platfrom. It introduces the social media features( a real time interaction [fast instant communication and notifications], a feed with a recommendation system, a simple way to post, security using facebook or gmail profiles and rating system, heavy photo interface) to the traditional e-commerce websites. Megastore is fast easy secure and simple.It takes also advantage of the mobile phone features (camera, GPS, instant call) to make the service even simpler and easier.

Additional Questions

Who is your customer?

Our customers are retailers(all sort of retailers of cars, electronic devices, clothes...) and companies that are interested in doing publicity on our platform.

What problem does this idea/product solve or what market need does it serve?

the lack of simplicity, security of the traditional e-commerce sites. People are in need of way to buy and sell on the internet with the fastest and easiest way.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

Megastore is focusing on the high number of mobile phone users. And the absence of a similar platform in the market gives it an advantage. Also the millennial generation are addicted to social media, and because we're similar to it, user will find it easy to use.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

All the team members are an IT professionals. We know a lot about the technical side of our platform. We also have had training about entrepreneurship. We learned about marketing and finance and all the concept of establishing a company. We are at the stage of developing the platform. We'll test the beta version soon. We've already established several strategies for marketing to overcome the chicken and egg problem. And to stay ahead of competitors, we're intending to improve the platform each period (add other features).