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Company Analysis - Essay Example

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Company Analysis

It is more important to carry out an analysis based on the strength, weakness, opportunities and threats that FreeTitleQuote.com will face as it intends to assist customers to access information on title insurance they purchase for their real estate property through iPhone/Android app. The most important function of running the internet based Company, FreeTitleQuote.com is to ensure that there is a smooth flow of information in the real estate sector. More significantly, the focus of FreeTitleQuote.com is to ensure that it helps consumers, realtors and mortgage originators price out competitive title insurance costs in real time by accessing our web-based platform for individuals (FreeTitleQuote.com 1). As a result, the use of iPhone/Android app offers to strengthen the availability of FreeTitleQuote.com services in offering timely and competitive information. This is because, the company can add up any information to its template and its users get alerts through their iPhone/Android app (Seattleclouds 1). ...
Furthermore, the progress of FreeTitleQuote.com services will increase because it offers its services to customers for free. More so, it does not source out funds from its consumers but from the competing businesses it markets its insurance products. As a result, the title insurance premiums that the buyers of real estate pay are directly related to the value of the property (FreeTitleQuote.com 1). It is therefore, calculated based on the amount of insurance coverage an individual wishes to undertake. In most cases, the premium paid is usually less as compared to the total purchase price. Nonetheless, the consumer has to only pay premium once and thereafter, remains with a title insurance cover for as long as the property is owned by the insured. On the other hand, the company has a weakness on its proposal to develop an iPhone/Android app. This is because, not all users of their services have access to an iPhone/Android app device (FreeTitleQuote.com 1). In addition, it has to develop its application in a more systematic way so as to ensure it hedges out its competitors as it focuses on capturing the highly diversified real estate industry. The idea of introducing an iPhone/Android app to allow the company to reach out with more information to the consumers offers an opportunity for FreeTitleQuote.com to increase its sales levels over time. Considerably, FreeTitleQuote.com choice of using iPhone/Android app allows it to save on costs as it increases its return on investment as it will get more revenue from the title insurance companies (Seattleclouds 1). It offers its customers a list of five companies to choose from their quotes ...Show more

Summary

Name Class Name Date Company Analysis More than often, it is essential to carry out company analysis in order to ascertain the company’s profitability and performance level within its market niche. As a growing company, FreeTitleQuote.com management focuses on knowing and understanding how it fits in and interacts with the surrounding environment…
Author : phowell
Company Analysis Essay essay example
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