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Finderslab Community Project

Nigeria
Market: Internet and IT
Stage of the project: Prototype or product is ready

Date of last change: 09.10.2017
Min investment
$  2.000
0
Total required
$ 5.000
Rating
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Idea

Finderslab will help boost business owners brands online presence & products, allow them manage job openings in their company, provide an online learning environment, allow members find professionals in any field and also in critical situations, such as getting an ambulance, firefighters and medical experts among others and also allow buyers connect to sellers in a network of trusted relationship

Current Status

Finderslab community is running a website finderslab.com.ng which is an instance of the main idea. We've got 30 active users on this platform to test run the working of the software. We decided to stop and seek for investment and funding after discovering there is need for acquisition of the neccessary plugins in other to stand out from our competitors

Market

Our market segmentation focuses on all states in Nigeria. From our customer analysis, we realized that our strongest market potential is the state’s multinational businesses, institutions. We will target this market segment and enable them register on the platform and provide them with affordable and quality services that will respond to their needs. Our next segment is medium and small businesses, students, public/social workers & professionals.

Problem or Opportunity

People find it difficult to meet the right person in other to buy or rent products, and also there is high rate of unemployment in the country due to lack of skills from our youths. Recruiting the right candidate for a job has pose a whole lot of problems for employers and business owners. Finding experts and professionals in a field to help solve a particular problem also does not exist currently in the country. Security threat is also a great problem currently in the country

Solution (product or service)

Finderslab Community will address all of these problems through the platform, allowing buyers connecting with sellers in a network of trusted relationship, provide an elearning platform for our members, allow business owners in managing their jobs, allow them conduct online job interviews and we will also go into surveillance solutions to solve the problem of security.

Competitors

Our major competitors include jiji.ng, jumia.com, eti.ng, businesslist.com.ng.
Our competitors are our main challenge as they have strong customer database but finderslab community is similar to linkedin but will allow buyers connects to sellers and focuses on businesses and professionals of Nigeria, and then expand to other countries in the nearest future.

Advantages or differentiators

Our advantage over our competitors here in Nigeria is that our services cut across all phases of life, our advance user search functionality will allow easy searching for members and then our simple messaging system which is going to include audio, video call, conference and broadcasting.

Finance

Our daily revenue can grow as high as $10000 plus daily when we have reached 100,000 daily visitors and above as Nigeria has population of over 90million plus active internet users.

Business model

Finderslab Community will give its clients a perfect peace of mind by acting as an ally and delivering quality services at reasonable prices. Our revenue will be generated from sales of adverts, percentage from sellers and renters, online traffic, commission from teachers, website and software solutions, business brand development, sales and installation of surveillance systems

Money will be spent on

Areas that require funding include:
Business name registration under corporate affairs commission, Acquisition of the necessary plugins, promotion of the online community and surveillance solutions

Offer for investor

Our investors will have 25% share of the profit to be generated by the online community, We will also help them in promotion of their product and services if they've got one on the platform.

Risks

The business might not work out as planned if the required capital is not fully utilized since these are the basic components that make up the system

Incubation/Acceleration programs accomplishment

Not applicable

Won the competition and other awards

Not applicable
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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
Product Video