[Startup Nations Summit 2014] Competition - Jamaica
- 1. LOGO I am going (English) = me a go (Jamaican)
- 2. LOGO Overview meagois a mobile application for event patrons to easilyand conveniently purchase mobile tickets for events in the Caribbean Prototype currently available
- 3. LOGO Team Skills Roxanne Wanliss Project Manager Howard Campbell Advisor, Jamaica Oneal Anguin Tech Architect Caroline Howes Advisor, UK ZinziSamuels Marketing Jason Als Developer Owen Lilly Developer •Certified Project Manager •10 years development experience in various mobile and web technologies •Design Communication Specialist on team (Marketing) •Mentors •UK –experienced entrepreneur •Ja –business development
- 4. LOGO The Customer Pain A COMMON SITUATION. PATRONS IN TICKET RUSH. SOME LEFT ANGRY, OTHERS DISAPPOINTED! In Jamaica alone there are approximately 100events attracting over 50,000attendees each month. •Unfortunately, for these persons to get their tickets for these events, they must: •Identify places where they can buy the tickets •Get to those places within opening hours •And hopethat tickets are not SOLD OUT! Imagine this situation extended to the 25 millionannual visitors to the Caribbean
- 5. LOGO OurUNIQUEsolution An example of a ticket securely generated by meAgo 37 AVAILABLE Convenient24/7/365 access to tickets Real time information on ticket availability meAgo, the only place you need to know for ALLyour events uses Enco-Sure™, our proprietary technology that ensures that once a ticket is purchased, event access is guaranteed facilitates electronic transferring of tickets provides easy event access using your securely generatedGet, Show, Go™ ticket
- 6. LOGO Demo / Video SCAN ME See promo video here : https://www.youtube.com/watch?v=v6iNvvqIzKk
- 7. LOGO Competitive landscape and our advantage MOBILE and always OPEN All tickets available in ONEplace Safer than cash transactions In app PAYMENT Additional SUPPORTfor event organizers BRICK & MORTAR TICKET OUTLETS EVENT SPECIFIC WEBSITES ERROR!!! Invalid username ORpassword INTERNATIONAL ONLINE TICKETING SITES LOCAL ONLINE TICKETING SITES Fontana Pharmacy Rebel Salute YaadTickets.com EventBrite
- 8. LOGO The Opportunity (Market size/Target customers) 150,000 annually Market Growth At least20% annually Mobile Penetration Demographic Info Smartphone Stats SOURCES 4millionCaribbean Region •Market Growth –50,000customers in our market –Average customer buys at least 3times per year –Annual market growth estimated at 20%annually, will be fueled by new customers, increased event listing and increased number of transactions per customer, and geographic expansion across the Caribbean region •The Market –Persons in Jamaica within the 20-24 age group, –primarily university students, smartphone users, sport enthusiasts, in the 25 -54 age group –SOURCES: Statin, ITU, –Smart phone user base estimated at 320,000 as at December 2011 and growing 25millionannual visitors to the Caribbean Region
- 9. LOGO Business Model Licenses and Convenience fees 70% Premium Services 20% Appertisments 10% 277,626 Estimated Total Net Income projected by the end of third fiscal year stated in USD
- 10. LOGO Financials: Projections for 4 years Year 1 Year 2 Year 3 Year 4 Total Revenues 25,743 535,798 1,240,793 3,101,982 COGS/Cost of sales 8,906 1,815,357 429,247 1,073,118 GrossProfit 16,838 350,441 811,545 2,028,864 Gross Profit Margin 65% 65% 65% 65% Generaland Admin. Expenses Salaries Website Marketing Other 62,549 266,572 533,919 1,163,048 Net Profit (45712) 83,869 277,626 865,816 Net Profit Margin (-178%) 16% 22% 28% All figures stated in USD
- 11. LOGO Funding Required for the first year, what will it be used for •meagois currently in the prototype stage •An investment of USD65,000over a 1 year period would put us at a distinct advantage to allowing us to : –Meet our targets for our soft launch –Deploy our marketing and strategy –Offset mandatory and/or regulatory expenses –Implement our interim payment solution –Assure efficient technical maintenance –Secure a bigger part of the current market –Secure key hires –Scale the business to other Caribbean territories –Deploy the necessary marketing strategy in theses new territories –Implement the best payment solution –Realize technical and business infrastructure to scale for growth
- 12. LOGO Summary The team is committed The product is needed Themarketis growing meagois ready We’re READY!