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Cabagge at Startup Night at Hatch in Norfolk, VA
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The Problem
★ There isn’t a service specifically tailored to allow users to share or find refer-a-friend codes.
★ It’s very hard to keep track of refer-a-friend codes posted in community supported groups.
★ It’s even harder to find refer-a-friend codes for the specific service or good you’re looking for.
Existing Communities
★
Existing Communities
The SolutionA location-aware and cross-platform app that allows people to post and keep track of their refer-a-friend codes.
The service will handle the marketing of such refer-a-friend codes and make it easier for users to find good deals for services and goods they’re already planning to purchase.
Market Size
★ 96% of millennials use coupons.
★ 80% of all consumers use coupons.
★ Top 15 coupon websites get 187.15 million unique visitors per month combined.
★ 1% of that is 1.87 million unique visitors a month.
Competition
★ Online forums and communities such as Reddit.
★ Coupon code websites.
Distribution Channels
★ Android App
★ iOS App
★ Website
Revenue Streams
★ Freemium service.
★ Free to share or use refer-a-friend codes.
★ A premium subscription that will have some added perks.
★ Revenue from ads.
Limitations
★ Only one code for the same service per user.
★ Only refer-a-friend codes that provide a value to both parties.
★ A limited amount of the same refer-a-friend codes on the whole app.
★ As demand for our service grows, postings may expire to allow other people to add their codes