Custom Writing Services: Market Overview

Industry identification

Custom writing services market is a sector of your e-commerce industry. Custom writing services are fee-based.

Market place size

The precise size of custom writing 247 market is undiscovered, though some rough estimate could be made. The number of others in the market approaches nearly 200. It is also known that all over 30 percent of organizations in the industry have annual turnover amounting to $120, 000 approximately, whereas other 70 percent currently have almost twice as low annual turnover. Total market dimensions are estimated at $10, 800, 000 annually. The size of this market in relation to the economy is yet unknown.

Segmentation

Segmentation is definitely the process of allocation of particular homogeneous sub-markets within a heterogeneous market. A market is a multitude of sub-markets that have similar aspirations.

In the case with the market concerned, segmentation is interpreted the following. Companies that operate within the market could be divided in accordance to specialization differences into such categories: (a) generally-oriented providers; (b) particularly-oriented companies. Generally-oriented companies are those that produce custom-written papers on a wide variety of topics. As a rule, such organizations retain the services of writers representing different specialties or simply those able to accomplish on appropriate level in one or several fields. Providers ascribed to another organizational category usually operate within a narrow framework. In the market there are companies that offer custom-written papers just on math, physics, sociology, the African-Americans, William Shakespeare, Charlotte now Bronte, etc .

Other products and services offered by the industry representatives involve proofreading and editing services, and pre-written papers.

It is actually noteworthy that there are companies in the market that offer both custom-written plus pre-written papers. This, however , may have nothing to do by using violation of ethics, but what about privacy of those individuals who previously ordered a custom-written paper, which might are later re-sold to another student?

Growth speed

Growth costs of the market are varying over the time. Thus, around 2000 there were nearly 25-30 companies offering custom-written/pre-written documents, term papers, cases studies, and other types of research newspaper publishers. Over the 5-year period the number of companies in the market grew up that will nearly two hundreds.

The leap in growth charges of the market is noticed to take place in 2003-2004 when rapid change in pricing occurred. The number of companies in the market increased just about 30 percent and now estimates around 80 companies. This rebound was probably caused by the tendency towards ecommerce solutions simply being new to hoards of entrepreneurs in a number of developing countries for instance India, Ukraine, Poland and other countries. Companies headquartered during these countries began offering similar services but with lower prices as compared to those located in the U. S., Canada, or simply Australia. More on pricing policies see in Pricing.