Consumers have no way to purchase frequently sought items or household goods without sacrificing time, and expending unnecessary effort.
Scanr Scanr utilizes NFC technology to bring the market’s first fully programmable, intuitive solution that gives consumers the ability to order frequently purchased products from their favorite e-commerce retailer with a single tap, or gesture.
2.5x more likely to adopt IoT device $200B in direct purchasing power 80 million in United States Alone 22% Estimated to adopt IoT device this year Largest Group on Online Shoppers
Scanr’s Estimated Consumer Base (units sold per segment) *Total projected units sold = 8,000,000 Millenials: 3,300,000 Boomers: 2,040,000 Silent: 360,000 Gen Z: 300,000
Revenue Attractiveness Users will pay $25 per pack of 5 Programmable NFC Chips Increasing accessibility to household necessities/commodities Reducing input needed to attain goods Saving time and decreasing time spent online Creates Value by:
Competitive Advantage Scanr Fully Customizable and Programmable Works with any major e-tailer Mobile Proprietary weight sensor technology that allows customers to use the device with an intuitive tap Amazon Dash Strengths: Easy (and free) to use for Amazon Prime Members Existing marketshare Weaknesses: Extremely limited number of products available for purchase Cannot choose shipping method or retailer Must be in home with WiFi connectivity to use
Market Threats and Potential New Entrants
Suppliers and Partners Fast, Convenient Shipping with the USPS State of the art NFC chips and receivers from Texas Instruments Consistent and reliable delivery of the companion mobile application through the Apple App Store, and Google Play
Trends Digital Continued growth of e- commerce and online shopping Increasing usage of mobile devices as primary methods of internet accessibility Expected growth of 22% in IoT industry Forecasted growth in NFC technology and usage Cultural Continued decline of traditional in-store retailers as Millenials seek online options Growing desire for smartphone to become central hub/device of daily life Decrease in prices of data/WiFi enabled devices will increase online traffic
Purchase NFC Chips ($1.22/unit) 500,000 units ($610,000) B2C Sales from Online Store (70% of sales) 350,000 Units Revenue from Sales = $1,750,000 Revenue received from commision from e-tailers (3%/transaction) Ship Units to Stores/Oulets ($0.13/unit) ($19,500) In-Store Retailers Receive 30,000 5-Unit Boxes (Staples, BestBuy, Brookstone) Revenue = $750,000 $2,175,000 Total Revenues Economic Model Expenses $1,325,000 (Purchases, shipping, R&D, Admin) Profit $850,000
Management Team Schuyler Crippen COO - Founder Schuyler is a Philadelphia entrepreneur with a profound desire to influence the world through sustainable and impactful businesses. Taylor Moore CFO - CoFounder Taylor previously worked as a electrical and hardware engineer at P&G before attaining his MBA from Vanderbilt. He now looks forward to creating value through sustainable technology. Seeking COO, Supply Chain Manager, Director of Operations, graphic designer, CMO