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COMPANY NAME= AFTERPAY TOPICS TO INCLUDE: 1. IDEA (Innovative Idea) 2. MODEL 3. COMPONENTS 4. JUSTIFICATION OF COSTS AND REVENUES 5. FACTORS INFLUENCING SUCCESS BUSINESS CANVAS MODEL IN (APPENDICES)...

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COMPANY NAME= AFTERPAY
TOPICS TO INCLUDE:

1. IDEA (Innovative Idea)
2. MODEL
3. COMPONENTS
4. JUSTIFICATION OF COSTS AND REVENUES
5. FACTORS INFLUENCING SUCCESS
BUSINESS CANVAS MODEL IN (APPENDICES)

Structure:

Title page
Table of Content
Executive summary
Body (Sections)
Conclusion
Appendices
References
Answered Same Day May 03, 2020

Solution

Sundeep answered on May 06 2020
138 Votes
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AfterPay
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Table of contents
IDEA------------------------------------------------------------------------------------------------------------4
MODEL & COMPONENTS-------------------------------------------------------------------------------5
JUSTIFICATION OF COSTS AND REVENUES----------------------------------------------------6
FACTORS INFLUENCING SUCCESS----------------------------------------------------------------7
CONCLUSION-----------------------------------------------------------------------------------------------9
BUSINESS CANVAS MODEL--------------------------------------------------------------------------11
REFERENCES---------------------------------------------------------------------------------------------12
Executive Summary
The following report is based on the business model of a startup named Afterpay which allows the customers to buy in the products of the price up to $1500 and later pay the amount to the company in installments. The idea behind this is very innovative and it involves a financial concept which will be understood in the report. The revenue of the firm is approximately 23 million dollars in the first quarter of 2018 and further analysis is given below
Introduction
Innovation is an important thing in today’s world and the one who gives the service to the customers with the opportunity and the comfort of buying is the leader in today’s world. Startups like Afterpay allow the customers to initially buy the products by taking a loan from the company. This is known as factoring the accounts receivables to lend it at a discount
The limits applied by the company on the purchases are a maximum amount of 1500 dollars. If the customers do not pay-up the money according to the terms and conditions set by the company, Afterpay has all the rights to cover the unpaid money by laying out the contract to the third party contractors who have a chequered history of ACCC investigations for badgering the clients with threat letters, phone calls and claims of defaulting the credit of the clients
Idea
Afterpay is an online payments gateway engine which allows us to pay for the product after it has been received by us. (Preston, K. (2018).)This idea is unique since it allows us to pay for only those products which we want to keep and we do not hold any obligation to purchase all the products that we have ordered. The main idea behind this unique methodology is that the clients do not have to pay ever again in advance. A standardized payment method in which we receive the bill of the products we purchased 2 weeks after the purchase. (Afterpay: What is it and can it be trusted?. (2018).)
Now a days most of the shopping happens online since we can see the product, read the reviews, generate the number of satisfaction level stars on the products, have multiple sellers and also secure the product by the method of insurance. Afterpay innovates the idea of purchasing online and paying it offline after trials.
Model and Components
Almost majority of the revenue of Afterpay is received from the retailers. (Preston, K. (2018).)The company is a new company and in the first quarter of 2018 the company earned a revenue of...
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