This document summarizes the market structure of a new business idea in Pakistan. It will import unique products not currently available in Pakistan from China, such as shoes with versatile designs, giving it an initial monopoly. Barriers to entry are high due to the large investment needed to import in bulk. The business will differentiate its products and have an initial advantage over future competitors. Supplier bargaining power is medium while customer bargaining power is low due to the business' monopoly. Currently the business has a low market share but high growth potential due to its niche products and target market.
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Market structure of your business idea (AutoRecovered)
This document summarizes the market structure of a new business idea in Pakistan. It will import unique products not currently available in Pakistan from China, such as shoes with versatile designs, giving it an initial monopoly. Barriers to entry are high due to the large investment needed to import in bulk. The business will differentiate its products and have an initial advantage over future competitors. Supplier bargaining power is medium while customer bargaining power is low due to the business' monopoly. Currently the business has a low market share but high growth potential due to its niche products and target market.
This document summarizes the market structure of a new business idea in Pakistan. It will import unique products not currently available in Pakistan from China, such as shoes with versatile designs, giving it an initial monopoly. Barriers to entry are high due to the large investment needed to import in bulk. The business will differentiate its products and have an initial advantage over future competitors. Supplier bargaining power is medium while customer bargaining power is low due to the business' monopoly. Currently the business has a low market share but high growth potential due to its niche products and target market.
Subheading: Number of sellers: The products are in Pakistani market are mostly typical and sell by the large number sellers that’s why the market of the products are highly saturate. That’s why we launch a products which is only available outside of Pakistan. There is no supplier currently in Pakistan which offering that kinds of products. We are only supplier which have these variety of range to offer for now like a monopoly in the market.
Subheadings: Barriers to entry:
Therefore this product is not manufacturing or import by any market body in Pakistan. We are importing this product from supplier in China in bulk. You need large investment to import in significant quantity so the shipping charges would not affect the costing of the product also it is very difficult to find the supplier of the product so it is very difficult to enter in our market where we offer product with unique value-added features.
Subheading: Product differentiation:
Product differentiation is main plan and part of our business we are offer the daily routine use product with the unique value-added features which create difference in our product or the product which are available in market like for example if we talk about our one of the product shoes with versatile designs and many more products like that so we also ace this feature of market and have first mover advantage against the competitors.
Subheading: Bargaining power of suppliers:
Bargaining power of suppliers is medium in our case because of two reasons because China is highly saturated market and it is very difficult for Chinese supplier to charge high price against the products second reason is that we are the only buyer in Pakistan and have monopoly for now.
Subheading: Bargaining power of customers:
Bargaining power of customers is in our business maybe quite low because the we are the only seller in the market who are selling these kinds of product online. So it’s kind of monopoly which we have in a or current market. Subheading: Substitute: Substitute of this product is available in market as I discuss the product differentiation of our product have only plus point against the substitute to win the consumer choice competition.
Subheading: Market share:
Our market share is low because of niche market product and a niche audience but at a stage where we growth rate is high and we fall in Question mark in BCG matrix. Our high growth reasons are is perfect target market and its unique value proposition.