BuzzMe is a mobile app targeting any smart phone user in India and later on other geographical location.
Prototype of the project is ready.
We are targeting age group for 16 - 55 those who use smartphones. Total smartphone users we have currently in India are more than 299.24 million and expected to be growing 442.5 million by 2022. So we are expecting with smartphone adoption by next gen will boost the usage of our app.
Problem or Opportunity
BuzzMe app is create targeting the any smartphone user in India today. Problem of any individual is to get best deal for his every single buy and also keep a track of this spending and savings. BuzzMe app cater this requirement in a single window saving time and money for an individual user.
There is no single player who is offering these wide range of services in a single box. We have players which offer partial and specific services based on their domains. BuzzMe on the other side acceleration the sales of those players redirecting the customers to them for commission.
Advantages or differentiators
We are into in-disputed business are we are just working as mid-tier for all the services offering and helping end user to get the best deal for every single penny spent from his/her pocket. We will be having RBI compliance in place form money transactions as we will be holding the money in our wallet too.
Our services will be charge based on individual transaction. So more the user using this app more revenue we can expect. Services offers as based on commission ranging from 0.5% - 15% for different service providers and brands.
for 2 million user base we can expect a revenue of approx $30,000 per month within 4-6 moths of time with aggressive marketing plan and roll up a bigger user base gradually.
Interest rate, %
Our business model will be acting as a middleman between buyers and sellers online and facilitates the sale of best deal,offers and promotions and goods between the two parties through its extensive network of websites. For our service we will be charging the commission from seller for providing the maximum numbers of transactions completing. On the other side we will be monetize using adds from googlem, bing and other such ad publisher in the market today.
Solution (product or service)
Every individual struggle to save money even there a thousands if deals and offers provided by different brands and services providers ( banks, e-commerce , home service ,utility payments, tax , hotels and so on ).. saving is virtual and user does not see it anyways.. We resolve this issue with transparency in their spent and savings.
We have risks if players which are already in the market with 65% of our same business model might adopt our 35% which is unique then we will have big time challenge to get expected customer base and predicted time frame.
Incubation/Acceleration programs accomplishment
We have major incubator from Mumbai who are into different domain and have large experience related to financials and technical guidance. As soon as we get a firm investor for the brain-child will soon accommodate few new developers in Mumbai itself.
Won the competition and other awards
We don't have any as such but soon to be the best one in the market.