GROUP BUYING iWish.com. Introduction Group of graduate students at Carleton university  Yi Qu  With the assistance of  Jainal Chisty  Laleh Rezaie.

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Presentation transcript:

GROUP BUYING iWish.com

Introduction Group of graduate students at Carleton university  Yi Qu  With the assistance of  Jainal Chisty  Laleh Rezaie Adl  Chulaka Ailapperuma Looking for  Start-up funding

Overview Online group buying site  Bring together multiple buyers with the best supplier Many online shopping sites but;  Buyers are not aware of each other  Quality not guaranteed  Convenient but not certain of getting the best deal Our value to the customer  Guaranteed savings, time and quality Our value to the supplier  Increased revenue, fast sales cycle

Market Size Global market of on line shoppers Limited by the kinds of products offered  Will grow as new kinds of suppliers are added  Growth strategy includes targeting new kinds of buyers

Our product Two kinds of buying modes  Buyer initiated  Supplier initiated Sell products and services Time limited sale Buyer can state the maximum they wish to pay Supplier makes discount agreements with us  We use that information and our technology to give different buyers different discounts

Our product Shipping  Agreements with drop-ship companies  They participate in the sale  Some suppliers ship themselves Complimentary providers  Integration with social networking sites such as Facebook

Value segments and offers Occasional buyer  Uses the site for occasional deals  Serviced by a transaction fee Average volume buyer  Uses the site moderately, such as a family or individuals  Subscription fee High volume buyer  Uses the site for most purchases, such as a small business  Subscription fee Institutional Buyer

Kinds of suppliers Products  High margin products  High volume products  Low margin but high priced products Services  Insurance  Utilities

Technologies Online web site Open interfaces for integration  Suppliers, orchestrators  Other applications, such as social-networking sites Built using open source software

Competition Most are traditional business to single customer There are group buying offers  sangabo.com  retailsdirect.com  eswarm.com  letsbuyit.co.uk  massbuy.com North American market is wide open  More buy-in in countries like China

Marketing and leverage In the next year, sign up  1000 normal subscribers with minimum $100 savings per  500 executive subscribers with minimum $500 savings per  Draw in 10,000 transactional buyers who average 5% discount Provide $500,000 in combined increased revenue for suppliers A key need is to attract buyers quickly for a sale  Integrate with Facebook to draw in “swarms”

How do we make money A per transaction charge on the “transactional” customers Two levels of subscriptions  Normal subscription - $100  Executive subscriptions - $500 Shipping  Share in the revenues of the drop-ship companies

Team Yi Qu Jainal Chisty Laleh Rezaie Adl Chulaka Ailapperuma

Why we need the money Product development Business development and market penetration Operations

Concluding remarks iWish.com will bring value to customers by saving them time and money when shopping Bring value to suppliers by increasing revenue by enabling high volume sales Build an network of domain experts to bring diverse products and services Create a critical mass of shoppers to bring a rapid conclusion to sales