MUSICJUICE.NET: THE CHALLENGE OF STARTING UP A NEW net VENTURE To be successful, a start-up essential provide quantify for its customer. This is a mandate that is synonymous with both brick and mortar and online businesses. When counselling on making a profit, it is crucial to understand ones scar securities industry. As stated week 3 of class The arse market is the audience most likely to visit their localise and sop up their products or services Therefore it is passing strategic to ensconce: * What the audience wants * What the audience go forward likely respond to What will make the audience get into action With a remaining $5,000 in the companys bank account it is now important for Lui and Wong to decipher who they must target should they actually want to stay this business afloat. * The set is boring. I do non showing up all(prenominal) day looking to invest in unknown musicians. * I do not trust the website with my money. * I do not know these musicians. * None of my friends are employ this site. * I am not interested in gainful to chat with musicians I am not a buffer of. * Give me more than things to do on the site.
* Make more or less(prenominal) competition between the musicians on the site. Above are the results submit from friends habituaters on their opinions towards musicjuice.net itself. ?This is very revealing as to the flaws of their business and I therefore recommend to Lui and Wong to boost marketing in an press to completely switch their target market and views. It is important for them to view more activities, however, they must first def ine who it is they want to ingestion these ! activities. The essentials of a service industry are to provide a service that ultimately solves a problem of some kind. As they witnessed in their testimonials it was stated that both users and friends do not take a great desire to invest their money or time into...If you want to get a full essay, quantify it on our website:
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