Sample Feasibility Report

(there is the sample feasibility report)

(do not copy any of this content or idea because all rights are reserved)

Summary:

                        So In this feasibility report I will explain everything which is need in any feasibility report. This report will explain the product with Industry, organization and financial feasibilities. Also this report will tell you how this product going to help those people who want to exchange their product with any product or money.

Product:

                  So, we are going to provide the platform where you can exchange your product. For example if you have Samsung Galaxy j5 Mobile and your want to get the mobile with the new model also you are ready to pay something with your mobile then you can place a ad and if anyone on this platform is interested to buy your mobile then he can contact with you. In this way you can buy a mobile with a new model. May be now you are thinking why a person will get the old model phone with some amount of money instead of a new model then the answer is it is a good deal instead of selling the whole phone. Now I am going to explain this in detail, so if any the person who has new model want some money and therefore he is ready to sell his phone and he is thinking after solving the problem I will buy a cheap phone. But he got a good deal here he got the enough money from here which can solve your problem with the old model phone. Not only this can you also sell your product with money also because there are three ways to buy a product which is product to product, product to product with money and product to money. You can choose any of them.

Also a good thing in our platform which is that, after placing the ad it will review by our team. In the beginning we will use our team to review the product but after the growth of our platform we will place an program at the backend of our website which will review the product like a YouTube which review the video after uploading to check that is there any copyright part or not. In the same we will review the product to reduce the spam.

How this Product is different:

                                                             The thing which makes it different than any other platform it is the product exchange program. First of all yes this is also an e commerce website but different than any other platform because other platforms sell product at the place of money but we are also offering the customers to buy a product at the place of product or product with money.

Surveys:

                  The basic purpose to conduct the surveys is to get the review about the product that is it useful or not. In the same way we get the reviews from some people that is our product is useful then the answer of them were yes. Our reviews are also around yes. We are also founding our product useful because this is a unique online platform. We are the first one who is starting this. Also there are lot of the people who are searching this kind of platform especially people related to middle class families.

 

Industry or Target Market feasibility:

                                                   Here we will answer some questions related to the earning source and target market or people. So, firstly we should talk about the earning source and answer is here. Earning opportunities for this business are too much such as we can place ads here in this website from any ad agency such as Google ad sense, Surfe.be etc also we can earn by affiliated programs e.g we can place the products from affiliated etc. Our main source of income will be from the customers who will use our platform to exchange the product. We will charge them a little amount to use our platform but this we will do after a time when we reach to our desired audience. Firstly we will offer our platform in free of cost.

 Now, we should talk about the target market that which kind of audience we want. According to our views middle class people will going to use this platform more as compared to other people because mostly they sell their product if they need money urgently. But overall this will be worldwide service because everyone can access this service but the only thing to deal with this traffic is a big management which need time to build up. Therefore we will start this from a small scale which we will talk in the Management section of Organizational feasibility.

Organizational Feasibility:

                                            Here in the organizational feasibility we will talk about the resources and Management of our Business. Firstly we should talk about the Management system for our website. So because this is actually the website therefore we will face less management related problem as compared to any physical business problems because in online we will not have any kind of fear related to the stealing of products therefore we don’t need any kind of cameras and people to handle cameras, we don’t have fear related to the security guard for our store or website, we don’t need people to handle the customers so therefore the online business needs less management as compared to the physical business. Now coming to point that from where we will start our services. Before explaining this I will explain how our store will work so for example a person place an product our one of the team member will check the product that is it a fake customer or not. Now this question is arising how we will confirm it that is this real customer, answer for it is we will track the location and design the questions while placing the product in this way that we can caught a fake customer. E.g If any customer is belongs to Johar town, Lahore and placing the order while placing an order then we could ask them the question related to the nearest place etc. We will also include this privacy that this is necessary to place an order from home because we are tracking the location after this we will be able to identify the real one with fake one, now here is the question related to privacy concerns but we will not show this location to that buyer. The main purpose to get the location to stop fake customers also If you want to exchange the product from home then we can also provide you this service by using your location.
There are also other solutions related to privacy issues which we will implement in our website.

Now we will talk about the resources which are needed in our store. First of all this is an online platform which only need a domain, a website with hosting and few team members to manage this website.  Except of them the most important thing is the customers which we need. And to get the customers we will need marketing for our website which we will also use.  These are only the resources which we need.

Financial Feasibility:

                               Now we should estimate our financial report. Here now we will estimate the beginning start up cash so starting with a domain and hosting which is about 30 dollars per year. After this we need a website, as we are student of computer science therefore we don’t need any money to develop a website because we know how to make a website using word press. After this we need customers to place the products which are most important thing. So to complete this requirement we have many solutions such as we can promote our website, second way is this we can buy some products to place them to our website also we can say our relatives, friends and family to place products on our website. Our complete focus and money will spend on to get the customers from the internet.

So overall start up cost is about 30 dollars and the rest cost will spend on the marketing which we cannot include in the startup cash because spending money on marketing is like to put the water in the Ossian. So this is the financial report to start this business. 

 

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