Lifeblink is a social network for people to save and share lists of the places they have been and things they have done. Lifeblink preserves bucket list memories.
Current Status
Pre-Revenue
Market
In 2019, travel and tourism was a $9 trillion industry consisting of 1.2 billion people who traveled, approximately 10 percent of the world’s gross domestic product. Lifeblink’s go-to-market strategy is focused on the Philadelphia region. Philadelphia tourism accounts for $12 billion in revenue and consists of 45 million visitors.
Problem or Opportunity
There is no good solution to organize, share and discover travel experiences. Travel sites are focused on user reviews. Social networks are conversational, and feeds are not structured for saving travel memories. Photo storage platforms lack social features, and travel memories get buried among every other photo taken.
Solution (product or service)
Lifeblink is building a social network exclusively around travel and experiences. We organize content into “bucket lists” where people can easily add places they have been and things they have done. In addition, we organize memories and photos chronologically on a users profile. We have gamified the experience with points, rankings and badges, not only for content that a user produces but also for their social interactions.
Competitors
Trip Advisor, Foursquare and Yelp are in our direct competitive set. Each platform helps people find things to do and allows users to create a social profile to track their activity.
Advantages or differentiators
Lifeblink has a few unique differentiators that separate us from the competitors. First, we are focused on preserving the user’s location memories, and they are focused on user location reviews. Second, we are only showcasing important places and lists that users “should visit”. In comparison, the competitors are listing everything a user “can visit”.
Finance
Lifeblink’s primary revenue model will derive from lead generation. Our platform helps users find locations to visit and encourages them to complete their travel lists. Tourism boards and businesses will pay a yearly fee to remain in our directory and be added to new list. They also have the benefit of being listed on the profile page of users who have visited their location. In addition, we aggregate all user photos on the business place listing and link to the business’ website.
Business model
Lifeblink’s primary revenue model will derive from lead generation. Our platform helps users find locations to visit and encourages them to complete their travel lists. Tourism boards and businesses will pay a yearly fee to remain in our directory and be added to new list. They also have the benefit of being listed on the profile page of users who have visited their location. In addition, we aggregate all user photos on the business place listing and link to the business’ website.
Money will be spent on
Funds to build a mobile app
Funds for paid advertising
Funds for sales team
Offer for investor
We are currently making available 20% of the company for $500,000