Daniel Colbeth, Emily Wylde, Stephen Lauver Recovering Unused Meal Credits.

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Presentation transcript:

Daniel Colbeth, Emily Wylde, Stephen Lauver Recovering Unused Meal Credits

BIG Idea Buy university meal credits at a discounted price Sell unused university meal credits and earn a profit

Research 15% of meal credits at US universities go unused each week 7% of college-aged students’ income is spent on dining out Every student surveyed said that they would use Swipe’d

Pilot at Temple University Market Exists Do you have a meal plan? Buyers Market Do you run out of meal credits before the end of a typical week? Sellers Market Do you have extra meals credits at the end of a typical week?

Implementation Plan Contact dining service for meal plan informationHold focus group to demonstrate market demand Reach market through existing channels (Facebook, Twitter, word-of-mouth, etc.) Roll-out to other universities once a user-base is established

Competitive Analysis Non-Consumption Students not recovering unused meals/purchasing additional meals with Swipe’d application

Financial Analysis App Development (including API) ~$70,000 App Maintenance/Improved Functionality ~$14,000/year Other Fees Google Play fees (takes 30% of the original meal posting price per transaction) Cost Structure 10% transaction fee per transaction Application Download Fees Monthly Subscription/Pay-per-post University Licensing Future Revenue Streams

Three Year Analysis Year 1 Temple University Gain user-base No revenue Year 2 2 of Philadelphia’s 19 Universities Gain user-base through features Revenue generation Year 3 4 additional Universities Established user-base Profitability Pilot Program Local Expansion Further Expansion University Licensing

Moving Forward Added Functionality In-house transaction processing system Avoid 30% Google Play fee per transaction Share Meals with Friends Feature allowing you to transfer meals at no cost Incentive Program For buyers and sellers Delivery system for meals Meals delivered to your location Improved features within Swipe’d

Appendix

Architectural Analysis Devices Smartphone (iPhone or Android) Tablet Network Cloud Cellular Network Applications API Google Play Swipe’d Application Data Temple Dining Data Swipe’d User Data

Data Model