I am going to try to make the business using this domain... so far I have high hopes!
Beginning with an MVP (Minimum Viable Product ) to learn as much as possible from a minimium investment and use what is learned as momentum to continue building.
1. Exceptionally Competitive prices
2. Ability to share desired items for purchase on social platforms
3. 24/7 customer support
4. Peer networking /Unite people with common purchasing behavior
5. Address socioeconomic issues (Student debts, high home prices, unstable inflation)
1. Limited brand awareness
2. Dependence on technology (Cyber threats, technical issues, cost, skills gap)
3. Reliance on manufacturers and suppliers
4. Shipping
High competition in the e-commerce industry
1. Expenad into new market areas (B2B)
2. Introduction of new product categories and industries
3. Partnership with influencers for marketing
4. Integration of AI for personalized
5. Adoption of sustainable and ethical practices for competitive advantage
1. Economic downturns impacting customer spending
2. Changes in trade regulations affecting shipping
3. Cybersecurity threats and data breaches/ Data privacy and compliance
4. Competitor expansion and market saturation
5. Poor feedback and reputation damage on social media