Mobile stock Exchange
Published on June 13, 2016 um 09:05
Explain your idea in details:
Webcast mobile stock Exchange aims to catalyze trade among the small business enterprises in the southern African countries. We also aim to improve technology usage in trade in Southern Africa. We also aim to maximize revenue for the growing economies in Southern Africa. This will also assist small traders in southern Africa to have a feel of how the stock market operates without using Initial Public Offering (IPO) Technique. Key activities: Buyers and Sellers are going to use our platform to list their products and our system will help help determine the price going rate of each item using an algorithm that uses demand and supply to control price. The strategically located outdoor display screens will be used to communicate with buyers and sellers. USSD, Apps, short code, messages will be used by buyers and sellers on their phones to update the mobile stock exchange with stock and demand availability. A hand to hand shipping facility that will work in sync with the stock exchange to ship customer goods will also be provided at a rate determined my the shipping cost per mileage at that time. We will also have a statistical portal that will be used to advice the authorities in the industry and trade ministry on how the SME's may continue to improve in helping economic growth of this countries. Our innovative approaches will be to incorporate Information systems in catalyzing trade. We need the sytems analysis tylor made software that will be coded according to the African trade climate.
Expected impact of your idea on sustainable development
The idea is expected to impact the Southern African economy positively because if technology is used to help facilitate trade, then the impact to improve the economy becomes significant . Success will be measured by our analytic software that will be coded according to the market needs. Registered traders will be able to get more demand and supply preferences at a monthly fee say $1.50 per month
Plans for implementation and sustainability
Mobile stock exchange will be subscription based. Sellers will have to have instant accounts that they can use to subscribe in order to be eligible to trade on our system. But the subscription will be low but effective in covering the business overheads. Financing can come in loan form or a grant. The challenge is on this side of Africa it is difficult to get financing because most banks needs collateral to finance. Innovative ideas are considered a risk.
The Key resources will be high-tech internet hardware and software that will handle real time buyers and sellers.
Competitors are classifieds and newspapers, tv ads and every advertisers.
The cost of the project will be $205 000
Revenue will also be raised from subscription from subscribers and short code message from mobile phone carriers. Monthly we expect to raise $3000.00. Revenue will also be raised from shipping goods and services of the buyers and sellers. The data being analysed will be sold to the government departments dealing with trade.
My Name is Sabelo Mlambo age of 30 Entrepreneurship has been my passion since the age of 21. I train young people under the youth entrepreneurship program initiated by the local government I won a grant of $1666.67 at the age of 25 under a kickstart program by a company called SAB-Miller under its CSR program in Southern Africa. Completed studying at the University of Swaziland B.com Degree in Marketing Also doing a research to Incorporate the latest of Information Technology in the FMCG industry. I am also a self-driven individual. Good in training. I worked as a Teacher of 3 years. As a young and innovative person I bring certain skills that are always dynamic to any given task. My Strength is dedication to any job that I am given, I easily adapt to any work environment. My team work skills, passion and genuine interest, are in the Commercial, Marketing and information Technology field.
Stage of Idea
planning stage, start-up stage
The Visual display of the project.