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online college bookstore business plan

4.0 Market Analysis Summary


The U.S. college student market is a growing yet under-served niche market.  The U.S. Department of Education expects the U.S. college student market to grow from 15.8 million students in 2003 to 17.2 million in 2008.  According to a Harris Interactive study conducted in the spring of 2002, college students spend an estimated $200 billion dollars per year.  As of 2003, it is estimated that college students were spending $1.4 billion online.

John Geraci, Vice President of Youth Research at Harris Interactive concludes: "The college consumer is easily overlooked since most information sources that marketers rely on for tracking consumer behavior tend to under-represent college students.  However, it is a consumer group that marketers should recognize as offering substantial opportunity.  Connecting with consumers during the college years can pay great dividends, both now and well into the future."



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