LIVE Stick is the world's first six-in-one smartphone gadget with a LIVE Mic for creators. Tripod, selfie stick, mic and light all in your pocket.
Current Status
We have sold 1200+ units of LIVE Stick 1.0
25K USD revenue generated
Market
Creator Economy Market size is $105 Billion. There are 50 Million content creators like Youtubers, Tiktokers, Influencers and Journalists.
Problem or Opportunity
1. Voice recording problem is faced by creators due to lack of wireless microphone for smartphone.
2. Lack of all-in-one pocket-size gadget for creators.
Solution (product or service)
Introducing LIVE STICK™
LIVE Stick is the world's first smartphone gadget with a LIVE Mic™ for smartphones. It's a six-in-one pocket-size gadget.
Tripod, Selfie Stick, Camera stick, Bluetooth remote, microphone and light - all in one.
Competitors
Competitors:
Huawei, Xiaomi, Anker, Aukey
Alternative:
Big sized tripods with ring lights (not portable), wired mics etc.
Advantages or differentiators
Our USP distinguishes us from our Competitors that is;
i. LIVE Mic
ii. Six in one pocket size
Finance
Product Retail price ranges from $19 to $49 for various variants.
Revenue streams; B2C online sales Market places Distribution channels
Business model
We keep a specific percentage of profit margin on each sale we make.
Money will be spent on
40% of the funds will be spent on inventory & product development
20% on human resource
20% Branding & Marketing
5% Legal
15% Other company expenses