By Mitchell Buhler From Pathways Academy Of Technology and Design QuizMyTween.

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Presentation transcript:

By Mitchell Buhler From Pathways Academy Of Technology and Design QuizMyTween

20 Million Children (Ages 10-14) 78% have their own device 63% know how to hide what they do online Source: Pew Research: Teens & Technology 2013 Harris Interactive-McAfee October 2008 Problem: Quick Facts

Is Your Child Safe? Filter or BlockEducate

A tool to assess Online Safety Awareness What's a dollar for your child’s safety? QuizMyTween

Mobile App with a quiz Multiple users can use the app Quests are different events in the child's life App Description(Opening)

App Description(Quiz) Questions based on real-life scenarios Questions received from parents and education professionals Provides safety tips to the child

App Description(Grading) Grades on 5 different topics revolving around internet safety Data for the parent to focus the conversation

Mission & Social Impact Our Mission is to start the conversation between parents and children on internet safety Social Impact: QuizMyTween educates children on internet safety and keeps them safe.

Business Model Description of Expenses Variable Material Expenses Total: $0.33 Commission$0.33 Fixed ExpensesTotal: $470 Marketing$225 Depreciation$50 Insurance$35 Utilities$60 Salary$100 Economics of One Unit Selling Price$0.99 Cost of var. materials exp.$0.33 Cost of labor$0.00 Other variable costs$0.00 Total COGS/ COSS$0.33 Contribution Margin$0.66 Definition of One Unit One App Monthly Break Even Units $470 =712.12≈712 Apps $0.66

MARKET ANALYSIS Description of Target Consumer DemographicsGeographics Parents with younger children School Administrators and Superintendents Schools and Cities Currently focused on Hartford school system PsychographicsBuying Patterns People that care about their children People who are concerned about social media Buy other child safety products Total Parents in the US Parents with children ages Million Parents that would buy the app (based on survey) Target Market Size Market Statistics Industry Name: Mobile Apps Annual Industry Sales: $25 Billion by Million 28.8 Million

Competition Your Businessstaysafeonline.orgCommonSense.Org EducationEducates children on Internet Safety Lots of resources to educate children on Internet Safety QuizQuizzes Children's Knowledge on Internet Safety Doesn’t quiz at all Type of productAn AppA website Your Competitive Advantages 1. Application is more portable and easier to give to children 2. Quizzes a child's knowledge where as Commonsense and staysafeonline just educates them

Marketing and Sales Sales Sell through the app store Marketing Create Facebook and Twitter pages Buy ads on Facebook, Twitter and google

Qualifications Currently taking Entrepreneurship Finalist of World Series of Innovation Winner of Hartford Startup Weekend

SALES PROJECTIONS Total Units 27,540 Gross Revenue $27, Net Profit $12,536.40

STARTUP FUNDS ItemWhy NeededCost Business LaptopTo develop and design app$1500 IPhoneTo test and design app$800 Business LicenseTo make the business legal$10 Apple Store App Dev.So that the app can be on the App Store$99 App DevelopmentOutsourced app Development$40,000 Total Startup Expenditures$42,409 Emergency Fund5,000 Reserve for Fixed Expenses810 Total Startup Investment$48,219 ROI: Return on Investment $14, =31%≈$0.31 $48,219 ROS: Return on Sales $14, =54%≈$ ,540

FUTURE PLANS Develop an Android Version of the App Sell to schools in discounted packages

Is Your Child Cyber-Smart? QuizMyTween