Post on 13-Aug-2015
Team
Rojand-Medical Project Engineer at Fujifilm Australia-Deals, Offers & Promos Guru-Property Investor, Restaurant Co-Owner
Hossein-Senior Software Developer at Tiger Pistol-Have Tried & Failed, Twice!-Codes for Fun
Current Status
Website Stats
•~300 Paid Visits Every Fortnight
•10%-20% Conversion Rate
•~5 minutes time spent per user
Market
• Australia
• Fairly savvy time-poor
• Like a good deal, not necessarily deal ninjas
• Catch of the Day ~ 2 million members
• GetPrice ~ 1.7 million unique monthly visitors
Business Model
• Freemium Model
• Buy-It-For-You Opportunities
• Group Buying Opportunities
• Online Ads
Budget
Item Amount Type
Web Design $4,500 One-off
IT Infrastructure $2000 monthly
Staff $750 monthly
Advertisement $2,000 monthly
Operations $2,000 monthly
Total $24,750 3 months