Ewitnex is an event program(paperless) management software that allow event host or planners to create their event program digitally for invitees to follow up and for people to witness.
Our product is in the prototype stage as of the moment, although development is presently on going.
The users(customers) of our product includes the host and invitees and generally people who are interested in events.
Location of our customers can be from anywhere as our product operates online.
Our target age market is from 14yrs to 65 in as much as you can make use of your mobile phone and also can host events.
Our customer target mainly on those who host events. Statistics by OgaVenue here in my product country Nigeria has it that Lagos state alone reported hosting over 20,000 events monthly in 2015, ( which are 20,000 customers)
Note: Lagos is one of the state in Nigeria out of 36 states. Our market target is very large.
Problem or Opportunity
THE PROBLEM WE ARE SOLVING: The one face method host passes through when Making programs for their events. That is the use of hard copy or printed paper program for their events.
HOW WE KNOW ITS A PROBLEM: The traditional or existing means of making programs for an event is very expensive, hosts sometimes get disappointed by the printer not being able to meet up with the delivery of the paper program in time. Typographic error or missing details in printed paper programs sometimes bring about misunderstanding between host and the printer, relatives or attendees.
WHO WE ARE SOLVING IT FOR: The users of this system include the host and invitees and generally people who are interested in events
Solution (product or service)
Our product is an event program(paperless) management software that allow event host or planners to create their event program digitally for invitees to follow up and for people to witness, Additional service of our product is sale of tickets.
Presently there is no product providing solution for the use of paper programs so we dont have a direct competition at the moment.
There is no alternative as all programs are paper made.
Our secondaryproduct offering which is the sales of ticket, our direct competition is Eventbrite
Advantages or differentiators
PAPER PROGRAM: Very expensive to make, and most times have errors which will be difficult and too late for the host to correct.
OUR PRODUCT ADVANTAGE: Very cheap and easy to use, errors can be corrected by host at anytime just by few clicks.
EVENTBRITE: Sells tickets alone, Charges 3.5% + $1.59 per paid ticket
OUR PRODUCT ADVANTAGE: Charges 10% alone per paid tickets
We’ll be generating revenue by
- Every program created using our platform
- Sales of tickets
Our cost for market is $2 charge for every event program that is created and we charge 10% for every ticket sales (per paid event).
The charge mentioned above is for a single user. With funding and sales we’ll be able to reach out to more users which will also increase our total income.
OUR SALES AND DISTRIBUTION:
- Word of Mouth
- Social media marketing
- Google ads
MARKET SIZE OF 1000 USERS
From the survey we carried out, With word of mouth, we going to have 1000customer, which will generate $2000 in 3 months after launch.
$2 times 1000users = $2000
we’ll be able to generate $5000 monthly after 3 months of launch in continuous efficient operations
With funding we will be able to generate $40,000+ monthly after sales and distribution have been carried out using the Oga Venue statistics statics and our $2 program price.
Money will be spent on
It guarantees an increase in productivity and efficiency with minimal effort as it assists us to overpass any shortcomings resulting from software incongruity in the web structure.
Improving security, functionality and increased ease of use.
Advertising is going to help us maintain long-lasting and ever-present relationships with our market audience. We tend to focus on social media marketing and SEO
HIRE NEW STAFFS
Hiring the right people is essentialas it will Improve employee morale and mental health.
Create new idea to our company.
Increase the skill set of our workforce.
Build our capacity for new work.
Offer for investor
We are ready offer 5 to 30 percent shares of our of company depending on the amount that wants to be invested.
The one face method host passes through when Making programs for their events has no current solution our product is now providing that solution so the risk for we not to work is very low, alot of customers out there is ready and waiting for us.
Incubation/Acceleration programs accomplishment
Participant of 6months Facebook incubation program with Kensarowiwa Innovation hub.
Participant of Tech Creek Incubation program with Rivers State Government