Ewitnex

Empowering event organisers and venue owners to generate revenue using our online AI based seamless ticketing platform and hall listing feature.

We have been in operating offline for the past 2 month with a profit of 1002 dollars made.

Our product is current to go on testing phase with a target to launch this September 2023

We have been able to reach out to over 500 event organisers with 15 ready to launch with us this September and 2 event venues.

Our customers are event organisers of both individual or organisations. Event hall owners and event vendors.

The event industry is currently valued at 890 billion US dollars by statista and will be valued at over 2 trillion us dollars by 2028.

In Nigeria alone over 5000 events are held a month in the state of Lagos alone with over 300 millions dollars spent

With this market size, Ewitnex as a company is strategically position to capture a share of this market

Our client are event organisers and event venue/hall owners.
We are solving the one face traditional method event organisers passes through when planning for their event. We do this by creating seamless user friendly platform that allow the event organiser create paperless event programs and sell tickets, and also rent the right hall suitable for his attendees.

Compared to the existing means, our platform is more cost friendly and easy to use.

We are providing a mobile and web eco-friendly paperless social event management system promoting sustainability and empowering event organisers and venue owners to generate revenue using our online seamless ticketing platform and hall listing feature.
Our clients face the problem of getting the right event halls for their event, making typos and making their program of events and existing ticketing platform cumbersome for them to use in sales of tickets.

Out platform have to taken time to solve all this problems

Paper base traditional system
Event rite
Event ridge
RSVPfy

Ewitnex differentiates itself by its unique focus on being a paperless solution that not only streamlines event management and ticketing but also places a strong emphasis on environmental sustainability. Its integrated event hall search tool and commitment to reducing paper usage set it apart from competitors. Additionally, its user-friendly platform, eco-conscious approach, and comprehensive features make it an attractive option for event organizers looking for a modern and socially responsible solution.

We have a simple straight forward revenue generating model

We charge 300+3% per ticket sales,
3% processing fee,
8%/percent hall service fee ( including listing and renting),
And $1 - $5 for premium paperless templates

Our business model is based on a percentage of ticket sales. In addition to ticket sales, we also list out premium paperless program templates which organizers will have to pay to make use of. Another means we will be generating revenue is from our event hall listings.

If funding is provided to Ewitnex, the allocated funds will be strategically utilized to achieve key objectives and enhance the platform's growth and impact. The investment will be channeled into several critical areas, including:

Product Development and Innovation,
Marketing and User Acquisition,
Business Expansion,
Operational Infrastructure,
Team Growth,
Partnership and Collaboration.

We are offering a 10% share ownership for an investment of $200,000

Several risks and challenges could potentially impact the success of Ewitnex and these includes:

Competition and Market Dynamics: Established competitors or new entrants with significant resources could undermine Ewitnex's market share. Competitors adopting more aggressive marketing, pricing, or features might affect user adoption.

Technological Obsolescence: Rapid advancements in technology could render Ewitnex's platform outdated if it fails to adapt and incorporate innovative features, leading to a decline in user interest.

Economic and Market Volatility: Economic downturns, changes in consumer behavior, or shifts in event preferences could reduce demand for event management services, affecting Ewitnex's revenue.

Cybersecurity and Privacy Concerns: Breaches in data security or privacy issues could erode user trust and lead to legal complications, damaging Ewitnex's reputation.

Operational Challenges: Inefficient operations, service disruptions, or poor customer support could lead to negative user experiences and churn.

Regulatory Hurdles: Evolving regulations related to event management, data protection, and online transactions could pose compliance challenges for Ewitnex.

Lack of Funding: Insufficient funding or inability to secure additional investment might hinder product development, marketing efforts, and expansion.

Dependency on Third-Party Providers: Reliance on external vendors or service providers for critical components (e.g., payment gateways, hosting) could lead to disruptions if those partners face issues.

Global Events or Crises: Unforeseen events such as natural disasters, global health crises, or economic downturns could impact the events industry and reduce demand for event management services.

To mitigate these risks, we have planned a proactive approach to innovation, continuously monitor market trends, establish robust cybersecurity measures, diversify revenue streams, and maintain strong relationships with users and partners. Adapting quickly to changing circumstances and staying responsive to user needs will be crucial for its long-term success.

No incubation/acceleration

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