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Unformatted text preview: Business Idea We propose to start a business in an online auction platform for developing custom software, web design, algorithms, debugging and IT consulting. The website will bring together amateur coders and professionals who will cater to demanders such as small business, startups, individuals and possibly larger firms seeking to outsource certain technical services at a low cost. The auction-style website will provide a medium for both demanders and suppliers to exchange services and money. The site will feature two main aspects; a portal for suppliers to post software products such as code, macros and software services and a portal for demanders to post their technical service needs. We will profit from taking commission on sales of products and services and from online advertising. On completion of an auction users will be required to pay a percentage fee of the final selling price. As the service builds popularity and reaches significant levels of web traffic, we will sell online ad space in addition to taking fees for...
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This essay was uploaded on 02/19/2009 for the course NBA 3000 taught by Professor Bendaniel,david during the Spring '08 term at Cornell.
- Spring '08