Final report on oap

Final Reportfor

OAP

for Technology Entrepreneurship Venture Lab 2012

hypothesis Malaysia - a former colonial of UK

Many educational ties between Malaysia and UK

Many people from UK travel to Malaysia for the academic purposes

They buy from Malaysia for cost difference for

family and friends

But have to also think about luggage limits, limits the good to be bought

arbirage.com solves the issue, serve such buyers 365 days online. They buy from home country

future target markets Australia and US

In short...

Online market for worldwide consumers,

specially UK, US and Australia, to buy low cost, good quality products

from Developing countries

The test

Set up website

www.arbirage.com

Started store on eBay

And a Fan page on Facebook

Test on

Survey In order not to violated eBay’s Privacy Policy. Team member cannot speak one to

one to customer. A survey has been design by our team member Ivan and mail to our customers

Only 20 customer response before the

deadline.

60% customer will buy from us repeatedly

Sales

Buy from us repeatedlyNot buy from us repeatedly

70% buy from us repeatedly if we sell Perfume

Perfume

Buy from us repeatedlyNot buy from us repeatedly

55%will buy from us repeatedly if we are Online Hypermarket

Online Hypermarket

Buy from us repeatedlyNot buy from us repeatedly

Product/Market fitCustomer

Buy from us repeatedlyNot Buy from us Repeatedly

Validated : Product/Market fit

Surv

ey R

esu

lt

will

buy fro

m us repeate

dly

Perfumes

Hyperm

arket

Product

/ mark

et fit

0%10%20%30%40%50%60%70%80%

Product /Market fitCustomer

Results

60% will buy from us repeatedly

regardless whether we are online hypermarket or not

Growth organically

If Without funding

Priority : Perfume

Growth rapidly

If with funding

This opportunity is worth pursuing for OEP

Buy fro

m us repeate

dly

Perfume

Online Hyp

ermark

et

Product/

Mark

et fit

0%

10%

20%

30%

40%

50%

60%

70%

80%

Product/Market fitCustomer