Question

In: Finance

We live in a world where there's a 50% chance that any job that you get...

We live in a world where there's a 50% chance that any job that you get is going to be taken over by a machine by the year 2025, such as ATMs have done with bank tellers. The only way that you can earn money is to therefore either sell something that you make to others or to do something for them that they cannot do for themselves. Write a 5-paragraph essay about going into business for yourself to sell this product or service. Your Essay should answer these questions: What is the value would this product or service give to the buyer?   Why would a customer choose their product or service instead of that of another business? Who would be the types of customers (or customer segments) that would be expected to desire this product or service?

Solutions

Expert Solution

The essay topic may be- Sustaining the ever-evolving machine era.

The guidelines for paragraphs are as under:

The product or service chosen is self written E-book based on topics of earning money which revolve around the topics of blogging, freelancing, investing, passive income and its sources. Explainig their benefits and emphasizing on the idea. Focusing on the ease of writing and marketing the E-book.

The second paragraph further expands the value provided by the E-book. Mentioning the trending nature and how it can be a hot selling product in a short span. The amount of earnings it can generate is also limitless. Major features are that they are easy on the eyes and accessible anywhere and everywhere.

A customer would choose their product as they are identifying the needs of customer and meeting them. In this dynamic digital era, the only way even for the customer to survive is to sell something to others that they are not aware of and E-book with such helpful content and ideas would be a one stop solution. Throw light on how blogging, freelancing etc can never go away even with the machine developments. Explain the importance of passing income and personal finance and how you are providing everything that a customer needs today.

The type of customers or the target market would be the population engaged in repetitive work which can be easily automated in near future and also the people who are in search of new ideas to make money or who are bored of their current jobs, lacking job satisfaction.

To conclude, it is a creative and trending product that can reach masses, generating huge revenue. It is a win-win scenario as the product benefits the seller as well as the buyer in various ways. The capital requirements are minimal and the value provided is priceless.


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