Reflection
Today was the day we presented our entrepreneurial experience to the class. For our EE started the Briar Cliff Book Sellers. We took students old and J-Term textbooks, packaged, and shipped them to amazon. We had the goal of getting the Briar Cliff students more money for their text books than what was offered to them by the bookstore. We also charged a small 10% commission on all of the books sold.
By Friday, we already collected and mailed to amazon a little over $400 worth of text books. We still have a few orders pending as well. We also hope to receive a few more text books when J-Term ends.
Some of the good thing that we had going for our group was the little to no overhead. Since we we're really providing a service, and all the materials needed to package and ship the books were free we had no overhead and fixed costs to operate our business. So that was nice not having to worry about covering expenses.
Things we could improve however would be how me advertised and marketed this service, I felt that the email seemed less personal coming from the IT department, I would rather it came from us, the students. Also, we could have done more through Twitter to better market our product. We could also have expanded the business to spring term, in hopes of making future profits.
Overall, I would say that the Briar Cliff Book Sellers was a success and that all of our members learned from the experience.
No comments:
Post a Comment