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coolCDs.com will sell CDs, music videos and CD players based on category
(Rock, Alternative/IndiePop Jazz, R&B, Hip-Hop, Electronic/Dance,
Country, Folk, Blues, Reggae/Ska, World, Latin, Classical, Vocal/Instrumental,
New Age, Christian/Gospel, Soundtracks, Cast Recordings, Oldies, Comedy/Spoken,
Kids/Family).
Sources of revenue will be:
- Survey information
- Biographical information
- Music videos
- CD Players
- Advertising
Other content will include:
- Company information
- FAQ’s
- Top 10 Recommendations
- Top music industry news
- Members will be asked for their favorite music, online/offline purchase
preference, how much they spend on music, how much is spent online annually
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- Customers will be able to access information via search box including
a artist, album title, song title, and video title
- Classical music search
- Show picture, price, description, in the results
- Track listing with samples
- User review message board
- Music critic review
- Link to artist’s videos and video for that album
- Preferred buyers club
- Biographies?
- Favorites/wish list to send to friends and family
- Links to other artists within the same music genre
- To checkout, customers must register their information including name,
address, email, and age verification.
- Customers will have the option to edit their shopping cart contents
at any point in the transaction process
- To purchase, the consumer would need to be logged in properly and
provide their credit card information
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- Competition will come from mainly CDNOW.com, towerrecords.com, amazon.com,
bmgmusic.com, cduniverse.com and columbiahouse.com. A google search
found over 675,000 other websites that offered CD music via the web.
- coolCDs.com will sell CDs, music videos and CD players based on
category
- Weaknesses:
- Competition.
- Delivery overseas could be challenging (shipping, translation of
website, credit fraud, customer service)
- Strengths:
- CDs are within the top 5 products sold on the internet.
- Local music
- Chat technology
- Gift certificates and cards
- Opportunities
- Strong customer service
- Excellent return policy
- Unique CDs from local artists
- Autographed CDs
- Target demographic
- 18-81 year olds the majority of whom are between 21-40
- Average combined income of $50,000
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