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FrotBanks LLC

World's first financial leadership social network

Nigeria
Market: Auto Maintenance, Internet and IT, Information and media, Computers, office equipment, Consulting, Logistics and warehouses, Mechanical engineering, Real estate, Education, training, Public catering, Food industry, Production, Entertainment, Farming, Insurance, Building, Telecommunications, Trade, Transport, Tourism, sport, Services, Financial services, Franchising, Power Engineering, Gadgets , Blockchain, Crypto currency, Artificial Intelligence, Virtual and Augmented Reality, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 02.09.2020
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Idea

The social network for turning ordinary users into financial leaders by helping them achieve their HNW status in five years, using the same social networking structure and business model every social network user is already familiar with.


If you're looking for a social network that pays you for the number of followers you connect with, and that builds your leadership capacity to cooperate in solving the world's biggest problem: Problem of Sustainable Financial leadership today, beginning with the small community you can influence on social media, Join FINLEAD.

Current Status

Over 1540 WhatsApp users already interested in the prototype.

Market

Social network users.
Facebook users on Facebook, Instagram and WhatsApp.
Twitter users
LinkedIn users.

These are people who have an experience of using a social network, and have an active social presence on particularly Facebook.

Problem or Opportunity

Financial leadership hasn't been based on a social and sustainable business model. It's mainly been a matter of politics and entrepreneurship. Outside this cult of the rich and very rich lies the vast majority of ordinary people dreaming of defeating the poverty circus, but lacking the basis of that feat. These are the people who make up the billions of social media users. They are the fans of influencers. They are looking up to other socialites for their influence. They have the interest in becoming like their models. But there is model for them to become like this already rich and wealthy models who flaunt their uncommon wealth on social media. These mass of fans need a sustainable model of financial leadership that is easy to apply and is integrated into the world of their social network. But there hasn't been any such tool for delivering this model to them. Hence they have remained in desperation waiting for the Lord's coming without knowing how to transition into becoming HNW individuals ever. Wealth is for everyone. These people need to learn how to go from making a living to living in fortunes. Someone has got to show them how.

Solution (product or service)

The way forward is a typical of the biggest social network, being Facebook. Buy Facebook is not focused on such a purpose. Hence, a platform like Facebook with such a purpose has to fill the gap, because this is where the billions of social network users are connected. FINLEAd has designed a model of financial leadership that is easy to apply and is integrated into the social network user experience, such that by merely staying active on this Facebook like social network, users can learn to lead, lend to lead and share share to lead, doing these three familiar things but getting far more benefits as real financial rewards that can be scaled into making them become financial leaders and transmission into new HNW individuals in only 5 years of staying active on this platform, whereas no other social network can make this happen for them in the same way.

Competitors

There are many variants of social networks but the major 3 are:
Facebook
Twitter
LinkedIn.
However they don't focus on the same purpose. That leaves FINLEAD platform less worried about them because they exist to serve its purpose. Without them it couldn't be ascertainable how many people are craving for social influence which is a strong leadership trait. Finlead takes advantage of this trait among users of these other social media and thus gets its own users by offering them a way to harness their leadership potentials for immediate financial rewards.

Advantages or differentiators

FINLEAD gives hope for becoming a high net worth individual in 5 years.
It uses a very easy and realistic financial leadership model to keep its users accountable for its growth.
It promotes the industry of social media usage in a more impactful way by promoting care for our common humanity on social media.

Finance

Initial enrollment by each new user generates $3 in revenue for the first month.
Each user accounts for 6 new users through the usual follower invitations, and expands the revenue by 6.
Revenue growth fr om the first 7 users in the first month, will be septupled every month.
Revenues are generated from user enrollment into the 3 unique leadership programs on the platform.
First enrollment costs the user $7, and leaves the platform with $3 after cash rebate to same users who advance from one leadership level to the other, on the learn to lead platform.
Second enrollment costs the user $5, and leaves the company with $2 after cash rebate to same users who advance from one leadership level to the other, on the lend to lead platform.
Third enrollment costs the user $50, and leave the company with $15, after cash rebate to same user who earn commissions for sharing contents on the Share to lead platform.
Average revenue per user in one year is $20.
The platform looks to achieve 10,000 users in the first year. And would septuple it every year.
It leaves the revenue projection at $ x 7 every year, wh ere $ is the amount of revenue generated in the previous year.

Business model

The platform encourages social media users to Learn to lead their followers in better understanding and application of the concepts and principles of financial leadership, and uses a simple model of five steps repeated by users on the platform, namely:
Step 1. Join
Step 2. Get followers
Step 3. Enroll for leadership programs
Step 4. Invite your followers to enroll too.
Step 5. Get paid for leading 6 followers to complete each level.

As each user takes the first step, they connect their other social network account through social login on the Finlead platform. It becomes easy for them to complete their profile and share it to get followers from their other social networks.

The channel is simple social network connections. Extending their profile links on the Finlead platform to their profiles on other social network by simply sharing their profile on Finlead.

The platform measures its growth by keeping track of user progress and reviewing their networks of followers to ensure they each stay accountable and responsible for generating and mentoring a minimum of 6 new followers invited from other social networks.

Insofar as users stay accountable, the FINLEAD platform is bound to grow its user base and increase its revenue.

Money will be spent on

Building a security system that builds trust of users to share their information without fearing third party breaches...
Integration of AI to power the tracking of user network growth and payment due for automation.
Marketing the platform across all social network to reach the first 10000 paid user enrollment in the first year.

Offer for investor

Up to 23% divested equity for 23 years.

Team or Management

Risks

Users may fear the security of their payment details when using FINLEAD for the first time.
They way also be open to online fraud by Ill willed users who might want to use the network in deviant ways.

Incubation/Acceleration programs accomplishment

Not incubated yet.

Won the competition and other awards

Not awarded yet

Photos

Photo 1 - World's first financial leadership social network

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video