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Article #3Re: Starting a shares/stocks information business
From: Sir_Bazz
Date: Tue, 23 Feb 1999 00:00
Date: Tue, 23 Feb 1999 00:00
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3430 bytes
Telstra already offer this service to mobilenet customers. Sir_Bazz. johnwindsor@my-dejanews.com wrote in message <7at5ns$ace$1@nnrp1.dejanews.com>... >I am thinking about starting a new business (in Australia), >and I'd like present my ideas here and see if I can get >some feedback regarding feasibility (etc.). > >1. Product concept: A service that notifies the customer >when a share(s) price reaches a certain level, definable >by the customer. > >2. Background: Currently (at least in Australia), a >broker might ring up a share-information service to get >share prices. He might have access to a web based service >at the office, but if he's on the road, he'll use the >phone service. The cost is about 1 australian dollar per >minute. The operation is quite tedious, using the phone >keypad. > >3. The service I propose would allow the customer to >set up a notification rule (for example, "call me when >share X goes above $2.30"), and the server would >automatically dial up his phone/cell-phone when that >condition occurs. The message that is played to the >customer can be generated by a text-to-speech program >on the server. > >4. The customer can set up the rules using a web >browser, or (at an extra cost) by talking to a >human operator. > >5. Pricing would be competitive. Perhaps around $50 >per month? > >6. Operating costs for the business would include: > a. marketing > b. support/call-center > c. web-server(s)/call server(s) > d. stock exchange information feed > >7. What would be the demand for this kind of service, >bearing in mind that this can be used by brokers as >well as their customers? Would you find this kind of >service useful? > >8. What would be the cost of the data feed from >the stock exchange? I presume it would vary depending >on the frequency of the updates? (every minute, every >second etc.) > >9. Will the marketing cost be the highest operating >cost? Would it be prohibitive at this fee level? > >10. Technically, it seems like a fairly simple project. >I will need some unix servers for the web hosting, a >database for the stock data, and some software to >generate the messages to the customers and call them >up. Or am I missing something? > >11. Does this kind of service already exist? In >Australia? Elsewhere? > >12. Anything else I should be thinking about? > >Thank you for your advice. > >-----------== Posted via Deja News, The Discussion Network ==---------- >http://www.dejanews.com/ Search, Read, Discuss, or Start Your Own
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 105543,2832d5dbe343490f X-Google-Attributes: gid105543,public X-Google-Thread: 108c83,2832d5dbe343490f X-Google-Attributes: gid108c83,public X-Google-Thread: fa681,2832d5dbe343490f X-Google-Attributes: gidfa681,public From: "Sir_Bazz" <Sir_Bazz@bigpond.com> Subject: Re: Starting a shares/stocks information business Date: 1999/02/23 Message-ID: <yytA2.6283$w92.6414@newsfeeds.bigpond.com> X-Deja-AN: 447409151 References: <7at5ns$ace$1@nnrp1.dejanews.com> X-MimeOLE: Produced By Microsoft MimeOLE V4.72.3155.0 X-Trace: newsfeeds.bigpond.com 919758110 139.134.72.194 (Tue, 23 Feb 1999 19:21:50 EST) Organization: Telstra BigPond Internet Services (http://www.bigpond.com) NNTP-Posting-Date: Tue, 23 Feb 1999 19:21:50 EST Newsgroups: aus.net,aus.invest,aus.computers