Social network for companies with analytics for management
Ukraine, Kyiv city
Market: Information and media, Entertainment, Services, Mobile applications
Project stage: Prototype or product is ready
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Idea or High Level Concept
WellBe - a solution for progressive companies, bringing fun and a sense of community to teams. Drive social inclusion, build team spirit and make analytics in one SaaS platform.
Territory of the product or service implementation
Global (world)
Traction and Current Status
MVP developing
Problem or Opportunity
It has become hard nowadays for remote work to: 1) motivate employees 2) build a sense of corporate culture community 3) safe employees engagement 4) observe the behaviour As a result, companies lose high qualified employees
Solution
1) Corporate social network where employees can get to know each other 2) Motivational tools and analytics for team leaders and HR 3) Entertainment for employees (dashboard games, greetings videos, challenges)
Customer Segments and Market
Tech companies, recruiting, financial, banks, retail, consulting, audit, law, sales, marketing, insurance, information and communication, administrative and support services and R and D companies or departments with 50+ white-collar employees, professional communities
Revenue Streams and Cost Structure
Subscription business model - $5 per month per employee $24 million - expected revenue in 4 years
Business Model, Chanells, Metrics
Subscription business model Metrics: 1) Quantity of people who request to try the beta version 2) Trial subscription downloads 3) Clients who pay for a monthly subscription Channels: Direct sales Social: LinkedIn, Twitter Google adv (employees engagement 12 000 s/m, team building 22 200 s/m) SEO, Blogs, Youtube, emailing Conferences: Websummit, runningremote, saastock
Competitors and Existing Alternatives
1 to 1 meetings, online teams parties, offline teambuilding, social networks Kudos, Gettoknow, birthday bot
Advantages or differentiators
Many entertaining features in one App, Data analysis and reports about emotional state of users, secured channel for informal communication
