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Founder and CEO: Stacy TasmanWebsite: HowHeAsked.com
Contact: [email protected]: New York, NY
investor information
Men are not very creative.
2Gardner| March 2014
What? They’re not.
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They are, however, expected to spend
$5,000 on one of these:
And needing to plan a proposal that looks
something magical like this:
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And that’s where how he asked comes in…
how he asked is the first marriage proposal platform to:
•Curate real proposal stories
•Give men a forum for discussing their proposal ideas
•Connect men with local vendors (jewelers, photographers, venues,
etc.)
•Facilitate engagement ring purchases
•Provide information to men looking to propose
… All to help men execute an absolutely perfect proposal!
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how he asked is the first site to take advantage of this untapped $11bn aspect of a proven successful wedding industry.
Wedding sites are cluttered and focus on the wedding & the female – not the proposal & the man. Vendors & big-name jewelers also do not have a direct line to male customers.
The jewelry market is an 11bn piece of the 53.3bn wedding industry
: The First in an $11bn Industry
Gardner| March 2014
The Team
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CEO: Stacy Tasman•4 Years in Startups•Marketing Guru
Sales: Shantel Khleif•Wedding Planner•Industry Expert
Tech: Pixl Group•Wordpress design duo •Based in Chicago
Gardner| March 2014
Overview and History – 150,000 Visits Per Month
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History and Quick Facts
•Launched in September 2011
•Traffic has grown from 15k readers to 150k+ monthly
•More than 10 proposal submissions to the site weekly
•Stories, photos, and videos have viral share
•Growth thus far has been organic, with zero marketing dollars spent
Overview
•Today: howheasked.com is a user-generated curation of proposal stories – allowing women to publish and share their happy moment.
•Future: Men can search for proposals, find and purchase engagement rings, crowd-source proposal ideas, and connect with local vendors.
A redesign at the end of Jan resulted in 110% increase in page views
Gardner| March 2014
Market Size & Opportunity – a Piece of $53.3bn Pie
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• 78% of couples use internet search to locate products and services for their wedding and 76% use wedding or bridal websites.
(source: The Wedding Report, 2011)
• The engagement ring and wedding jewelry market is an $11 billion industry. The average cost of an engagement ring is: $5,200.
(source: The Knot Market Intelligence, 2011)
• In 2011, there were ~2.1 million weddings, along with ~350,000 wedding businesses. (source: The Wedding Report, 2011)
OPPORTUNITY: Capture a portion of local engagement spend by facilitating the discovery and buying process online.
Total spend: $53.3 Billion(source: The Wedding Report, 2011)
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Product Breakdown
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Product Description Status NotesSelf- Publishing Platform
User-submitted proposal stories with photos and videos
✓MVP built in Nov 2013 re-launch
Currently functioning off WordPress; Could enhance auto-publishing capabilities
Blog Informational and inspirational posts on love and proposals
✓ Currently functioning, One post per week
Vendor Guide Location-based directory of planners, photographers, venues, + more resources
✓Built in Nov 2013 re-launch
Need to create more robust directory with sponsor & upsell capabilities
Advice + Planning
Consult with experts ✓ Partnered with proposal planners to help
Search Platform
Index proposal stories in a searchable way for men ✓Built in Nov 2013
Created category-based search engine
Crowd-Source Forum
Create a community of men looking to propose
Product Spec’d – on hold Uncertain of efficacy
Ring Guide Women can find and collect their favorite rings; Men can discover and purchase a ring
✓Built in Nov 2013 re-launch
Working with one jeweler to populate their catalog; Need to develop index
Shop Bridal accessories + gifts for the bride and groom
Undefined E-commerce component with rev share model
Gardner| March 2014
Revenue Streams
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Opportunity Description Revenue Yearly ($316k)
Advertising Women’s lifestyle brands, Ring Designers, Men’s Fashion, Photographers
$9 CPM $100,000
Ring Guide Directory, ring generator, information (20 Jewelers)
$400/monthly, Pay Per Profile
$96,000
Vendor Guide Directory of qualified, local vendors; Focus on top 20 cities with 20 vendors per city (photographers, jewelers, videographers, venues, planners)
$20/listing + $60 for sponsored listing (monthly)
$80,000
Partnerships Submission package: receive 10% off David’s Bridal, 15% off Men’s Warehouse, $100 credit on your Pottery Barn registry, etc.
Flat fee4k/partner
$24,000
Online Shop Affiliates: bridesmaid gifts, bridal jewelry
10% of sales 10,000
Consulting and Planning
Online planning tools and idea packages
$100-$500 per package
$6,000
Gardner| March 2014
Competitor Overview
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The KnotPros: Brand recognition, “ultimate” resourceCons: Overblown planning tool, wedding and female-focus only, clutteredValue: $234mm
Wedding WirePros: Strong directory, user reviewsCons: Expensive for vendors, mostly brides who use the siteValue: $50-$100 million (currently profitable and raised $25mm in September 2012)
Wedding BlogsPro: Provide inspiration, vendor guides, personal connection to curator, visual appealCons: Hundreds of wedding blogs, archives poorly indexed, no scaleValue: N/A, yearly income $60k
HowHeAskedPros: First to focus on proposals, funnelsCons: Fragmented demographic, one-time use for men
Blue NilePros: Physical product, national brand recognitionCons: Not a resource, tools are focused on making direct purchaseValue: $417mm
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Bottom Line
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• Without spending a dime on marketing, howheasked.com has reached 150k visitors per month
• how he asked is the first proposal resource in a cluttered $53.3bn wedding market
• Engagement ring buying alone is an $11bn industry, with no definitive resource for men in the marketplace
• For brands, advertisers, and vendors, how he asked is a way to connect with highly-targeted, high-potential customers
Gardner| March 2014