Download presentation
Presentation is loading. Please wait.
Published byEgbert Gordon Modified over 9 years ago
1
Business Plan Ashwani Choudhary Joel Neeb Jon Petrucelli Ross Robinson Jared Thain Dave Watkins Andrew Zoppo Jay Vinson
2
THE MARKET Consumers are changing the way they purchase goods. The villain is not keeping up with the changing marketing options. 72% of Americans now use their mobile devices while shopping. E-commerce recently reached an online high $50B in sales. While online marketing has blossomed and grown incredibly capable (Amazon “because you purchased”, “Recommendations” etc.), brick and mortar stores are struggling to capture those dollars. According to a recent study by Wharton, apparel is the second most targeted product for showrooming.
3
THE MARKET (CONT.) People are growing numb to email advertising – these days only 14% of emails from stores are even opened. Marketing has been slow to change since the ‘90s. Started with newspaper, radio, and mail, moved to commercials, emails in the ‘90s. Brick and mortar stores are trying to convert more window shoppers into buyers by leveraging consumer mobile trends Also, by finding ways to collect data from consumers so they can better market to them.
4
MARKETING TODAY 1% of traditional coupon offers are redeemed American Eagle, one of the few companies using mobile geofencing has experienced 65% response rates - 95% of these text messages are read Walmart sold $460B last year in store, while Amazon only made $61B online (Forbes). http://www.forbes.com/sites/clareoconnor/2013/04/23/wal-mart-vs-amazon- worlds-biggest-e-commerce-battle-could-boil-down-to-vegetables/ http://www.forbes.com/sites/clareoconnor/2013/04/23/wal-mart-vs-amazon- worlds-biggest-e-commerce-battle-could-boil-down-to-vegetables/
5
GEOFENCING Geofencing is a feature in a software program that uses GPS to define geographical boundaries (a geofence is a virtual barrier) Mid-size stores are slow to adopt this option for 2 reasons according to the Wall Street Journal Cost prohibitive – costs about $100k to set up their own internal system. Privacy Concerns – consumers are cautious about sharing personal information
6
SURVEY RESULTS 21% Hesitant to share personal information Would share info for more customized coupons 69% (source: 75 customer survey results) Of that 21%...
7
EMERGING MARKET 1% Redemption Rate 20% Redemption Rate GEOFENCING (source: invenuemobile.com) 10% Redemption Rate Mobile Advertising
8
SOLUTION BENEFITS Retailer Client Intimacy Pull Shoppers into store Clear out old inventory No Cost Revenue Increase Increase Revenue and Profit Mobile Presence Mobile Interactions Consumer Personalized Offers Tailored to Location Money Savings Time Savings
9
COMPETITION Build Custom Development with a Partner or Develop In-house Shopkick – uses geofencing to send consumers “kicks” reward points if they visit a store close by LoyalBlocks – uses geofencing to send consumers “tokens” reward points for visiting a nearby store Placecast – uses geofencing to send store coupons to consumers when they are in the proximity Retailers can choose not to do anything
10
“NEARBUYS” Customer Data Intelligence Innovations (CDI) provides mid-market retailers with a cost effective, mobile marketing platform enabling them to deliver targeted offers and messages to customers’ mobile devices in close proximity to their stores. The 4 th Dimension of Modern Mobile Marketing
11
KEY FINANCIALS
13
SALES & MARKETING PLAN Build It- Month 1-3 Crawl- Month 4-8 Walk- Month 9-12 Run- Month 13-on 0 6 10 20
14
SALES & MARKETING PLAN (CONT.) Automatic e-mail sent to customers
15
INVESTMENT OPPORTUNITY We are requesting an investment of $1M for a 20% equity stake in the company. Cash will be used to cover our Development and Sales and Marketing in year one.
16
KEY FINANCIALS
17
MANAGEMENT TEAM We know how to Create Revenue! 79 Years of Sales, Business Development, and Marketing Experience 39 Years of Sales 23 Years of Business Development 17 Years of Marketing Also 40 Years of Operations and IT Experience Team of Proven Leaders and Operators with deep execution intelligence within the entrepreneurial realm!
18
SUMMARY NEARBUYS is the easy to use one-stop shop for retailers to take advantage of emerging marketing opportunities Solution is 20X more effective for retailers
19
QUESTIONS
20
CDI SOLUTION OVERVIEW Core Business Platform (Cloud based) Retailer Admin Interface (Web) Android iPhone/iOS Consumer Preference Center (Web) Key Benefits Cloud – Proven, Cost Effective & Scalable Packaged Apps – Fast, Elastic, Flexible Native Mobile Apps – Best User Experience Modern Mobile Marketing – 4 th Dimension Key Benefits Cloud – Proven, Cost Effective & Scalable Packaged Apps – Fast, Elastic, Flexible Native Mobile Apps – Best User Experience Modern Mobile Marketing – 4 th Dimension
21
MARKET ANALYSIS 2010 $3.2 Billion 2015 $16.9 Billion (Source: IDC-Market analysis firm) Global Smartphone Sales Big Data Technology & Services 2015 248.6 million units CAGR 38.8% Global Tablet Sales 2010 $2.8 Billion 2015 $10.3 Billion (Source: Pyramid Research) Location-Based Advertising Services (Source: Transparency Market Research) 2015 1,048.0 million units CAGR 36.3% (Source: Transparency Market Research)
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.