Friday, April 5, 2019

24A – Venture Concept No. 1


 I’m Hassane Boubacar, an international student in economics at UF. I believe that I have few talents that makes me special. I’m a hard worker who doesn’t give up on his dream. I’m also very creative, and a liking person which made me be successful in every sales job I’ve gotten before. I’m really looking forward to becoming a successful business man that helps people in future, and I can tell that my company that I’m working on will be very significant for me and will help me achieve that goal.
 I’m going to be offering my customers in west Africa an opportunity to buy newer vehicles at cheaper price by exporting Salvage and wrecked vehicles that can be fixed there because they have to pay a lot of money for newer cars that have not been in any accident. I’m going to export those vehicles to west Africa where my customers have to spend way more money to get a new car from current years. So, my customers will be mostly West Africans that want to buy those types of vehicle with low mileage. Also, most of the cars will be Toyota brand because most of my customers prefer Toyotas.
They will buy my vehicles because they are all brand new vehicles, with low mileage (less than 10k). The only problem is the fact that they have to be fixed because they have been in accidents. Moreover, even if the car has a salvaged title in the USA, the title will be cleaned once it is fixed in West Africa. For example, I’m giving my customers an option to buy a salvaged 2018 Toyota Camry with 2000 miles on it for $15000, and then spending an additional $3000 to fix it and make it look brand new. The other option will be to buy a 2018 Toyota Camry with 2000 miles on it for $35000. Thus, they will definitely choose to buy my product unless you are very rich and don’t like to save $17000.
During the last two months, I’ve conducted a lot of interviews that helped realized a lot of things in my business. Concerning my first three interviews, I found out that my target, which are the rich people in Benin, really need that change which I’m about to bring for them. I think that there will be two categories of them I should consider, those who would purchase the salvaged cars from me at very cheap prices, or those who want to have brand new car that have not been in any accident at a cheaper price. Thus, I have to work on that and identify my two types of customers. Some other interviews taught me that I should include online shoppers in my target group. Thus, they told me that I should be creating an application for my business and get some good photographers that can take clear pictures that are well seen by the online shoppers.
I believe that people in West Africa are spending a lot of money nowadays on newer cars by spending more than 15k than the price in USA, I decided to give them the chance to get the newer cars they want for a cheaper price by exporting Salvage vehicles from USA, which are not expensive here in USA. Those exported cars from USA will be bought by rich people in West Africa that spend hundreds of thousand dollars in car purchase. I believe that they will care a lot because they will save a lot of money, and they will get the vehicle of their dreams by spending less. Moreover, they can do something else with the money they save by investing in a more important asset that doesn’t depreciate.
I believe that my customer service, my price and car knowledge will help achieve my goal and compete with other businesses that are already established before mine. I believe that all these things are connected because it looks like a process.











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