Platform to conduct survey for market research, will collect data, will give reward for participation, big data generation
Current Status
Service is ready and had a try out in the market. We have a good response. We need a good investment to approach clients.
Market
Corporates that requires market research and targeting and selling. Market is worldwide though we are operating from Bangladesh.
Problem or Opportunity
Need investment to conduct surveys and offering reward. BIG Data generation and has commercial value for sales and targeting.
Solution (product or service)
A field of applied statistics of human research surveys, survey methodology studies the sampling of individual units from a population. Conducting surveys, connecting digital networks like Telco, online news portals, FB, Tweeter etc will generate valuable data.
Competitors
Currently no such companies in Bangladesh has this type of platform.
Advantages or differentiators
Due to COVID-19, physical surveys are out of date, with movement restrictions there are only possibilities to do market research is digital surveys.
Finance
Per data sampling cost to be paid by survey requester, corporates or companies. Cost involves to conduct a survey is to onboard data science specialists, reward cost and campaign running costs. There are platform maintenance cost for data center as well.
Business model
Platform will conduct surveys digitally & online. And we will charge clients for per survey per sample. Apart from this, we will reuse these data for big data analysis for targeting and other similar purposes.
Money will be spent on
Investment will be spend on:
1. Salaries of data science experts
2. Minimum payments for panelist/surveyors.
3. Rewards for buy opinions from participants.
4. Platform maintenance cost.
Offer for investor
40% share off loading to investor or profit/revenue sharing.