Porter Five analysis

Threat of new Entrance: Threat of new entrance is really high as at the end of the day as it is only a piece of program, so anyone can hire a programmer or a web developer in order to produce a web service which can easily compete with miXXerS. In order to avoid that happening and maintain our customer base miXXerS will carry on updating new features and exclusive offers to the website and try get as many users, musicians DJs and party producers as possible to become part of such a multi cultural platform so it will be harder for our competitors.

Threat of Substitute: Threat of substitute is low to medium as we do not actually have direct competitor. There are webpage floating on internet which provide similar service such as MeeMix, Last.FM, Pandora and Worldsings but they do not integrate events as part of the site. Fans will also be able to buy tickets to concerts online with as well by using Paypal which means their confidential information is also secure.

Bargaining Power of Fans: It is low, as the fans will be able to buy ticket to go visit their favourite DJ at lower prices on this platform.

Bargaining Power of DJs/Musicians: It might high if there is a new entrance because they might have different business examples providing all the services at cheaper rates but for the moment It is also very low, as this is the platform which they require in order to boost their experience and fan base.

Rival vary Among Existing competitors: it is also low as mentioned earlier on their aren’t any direct competitors who are offering exact same service at us, so it will be easier of the brand to create its awareness and gain a fanbase.