Entrepreneurial Opportunity for a Business Start-up

Entrepreneurial opportunity for a
business start-up

INTRODUCTION
Seven domain of business model can be defined
as the business model which is generally applied
by the start ups when introducing the new
business in an industry in the market place.
Introduced business idea is the E commerce
business on which the seven domains is applied.
The following discussion is based on the seven
domains of the business model in context of E
commerce business idea.

Task 1: Seven domains of business
start up

Target Segment Benefits and
Attractiveness (Market Domain/Micro
Level)
E-commerce has the products and services like clothing, home
accessories, electronics, gift hampers and many more but in an
online form. It is basically the digital supermarket where
customers order while sitting at home and get their product
delivered at their doorstep. Therefore, the market segments
which will benefits from the products offered by the business
are the people with age group of 22 – 40 age group because
these are the people who are technology freak and knows how
to handle the online shopping with online payments. Services
are stand out from other because different types of offers and
discounts with entertaining vouchers are provided on the
shopping with the company. Chosen market segment is
growing at a very good pace which is beneficial for the
company (van der Westhuizen and Goyayi, 2020).