Hello my name is Challet Jeong and I am here today to present the idea of Domestic Korean
online shopping malls. And while the terms domestic and Korean may seem like two non related
topics, this idea targets a specific niche of individuals interested in Korean fashion trends. While
in Korea, online shopping malls are a booming industry for many startup entrepreneurs, online
shopping malls in Korea are very limited to proving clothes only for people within the country.
Many stores do not allow people from making an account, let alone ship abroad not due to purposeful
exclusivity, but due to the lack of financial capabilities these small online shopping malls have due to
high competition. And with a rising population interested in Korea’s unique fashion and trends, I
provide this idea that brings the fashion style to people outside of Korea. Many of these online stores
also lack diversity of sizes and models; making it difficult for many to purchase items because it would
not fit them or because they do not know how it would look on them because of lack of diverse
representation. And by creating a domestic online shopping mall that does not change the Korean
style itself, we can cater to a larger audience with this need that has not been successfully met so far.
Thank you.
online shopping malls. And while the terms domestic and Korean may seem like two non related
topics, this idea targets a specific niche of individuals interested in Korean fashion trends. While
in Korea, online shopping malls are a booming industry for many startup entrepreneurs, online
shopping malls in Korea are very limited to proving clothes only for people within the country.
Many stores do not allow people from making an account, let alone ship abroad not due to purposeful
exclusivity, but due to the lack of financial capabilities these small online shopping malls have due to
high competition. And with a rising population interested in Korea’s unique fashion and trends, I
provide this idea that brings the fashion style to people outside of Korea. Many of these online stores
also lack diversity of sizes and models; making it difficult for many to purchase items because it would
not fit them or because they do not know how it would look on them because of lack of diverse
representation. And by creating a domestic online shopping mall that does not change the Korean
style itself, we can cater to a larger audience with this need that has not been successfully met so far.
Thank you.
Hi, Challet! I think you did a great job. You were fairly concise in your explanation and you maintained sufficient details to convey your message. I find your business idea attractive and think it definitely has lucrative potential.
ReplyDeleteI think understanding your competition is crucial but getting ahead of the pack and differentiating yourself will give you the competitive edge you need. A service like yours will likely gain loyal, repeat customers once you establish a clientele.
I look forward to reading your next posts!