Admit One - sites.duke.edu€¦ · Tier 2 ticketing partners (TickPick, TicketIQ, Vivid Seats,...
Transcript of Admit One - sites.duke.edu€¦ · Tier 2 ticketing partners (TickPick, TicketIQ, Vivid Seats,...
Admit OneDo it for the experience.
Problem
Marketing effectively is a difficult task for any business.
Location is often times the reason why a local business succeeds or fails.
Customer acquisition is challenging for fringe businesses during major events.
Admit OneSolution - A mobile-based application where the experience of attending events is simplified into pre-/during-/post-game stages for users via an event directory in order for businesses to
Make Money via new customers
entering your business and promoting special
listings
Attract New Customers
and foster an experience-oriented
culture for users
Save Moneyby effectively
targeting the foot traffic market around
major venues
Team Admit One
Parsa A. HoghooghiCo-Founder
Duke University ‘21Economics Major w/ a Finance Concentration
Honor Council Member & IFC VP of Programming
Robert H. MurrahCo-Founder
Duke University ‘21Computer Science Major, Student Worker in the Duke University Athletic Department External Affairs Office
Product Admit One
Admit One
Interactive app thatguides event experience
Organize and plan pre-/during-/post-
game itinerary
Recommend/market under-recognized
businesses around event
TAM900
College towns$130.5M
Projected annual revenue for college towns
121Professional Stadiums/Arenas
$202MProjected annual revenue for
professional venue areas
$332.5MTotal Addressable Revenue
Admit One
$145KAverage projected revenue per
town
$1.6MAverage projected revenue per
stadium area
Business Model: Freemium ServiceAdmit One
Revenue streams are tri-fold:
1. A recurring calculated monthly fee (dependent on location & listing conversion rate)
AND/OR
2. Paying 5% of the night’s revenue if capacity surpasses 50%
AND/OR
3. Sponsored Pre-/Post-Game Events
Customer Acquisition Admit One
Grassroots Marketingvia direct sales team of 2-3 per
city that actively approach businesses and sell them on
our product
Site Promotionvia lifestyle sites like Thrillest,
TimeOut etc. and weekly email blasts
&Google AdWords -- Utilize
Remarketing List Search Ads (RLSA)
&AdBeat display advertisements
Word of Mouththrough referral programs
&Peer-to-Peer Competition
Market Adoption
Key Partners
● Anchor Venues ● Restaurants local to stadium/events● Local Parking Garages● Yelp, FourSquare, OpenTable or Local Eats● Tier 2 ticketing partners (TickPick, TicketIQ, Vivid
Seats, FanExchange, etc.)● Google ● Waze
Channels
● Cold-calls● Ad campaigns via sales dept.● Local salespeople via face-to-face interactions● Referral program
Launch Cities
New York City, New York & Miami, FloridaAdmit One
Competition
Affordable
Expensive
Simple & Accessible
Complicated & Hard-to-use
Admit One
Fin
anci
als
Admit One
Core Assumptions
~70% of fans use a mobile device → 20% conversion rate of digital fans
~10% of Admit One users click on businesses’ premium listings
Businesses in a 1-3 mile radius from major venues
PPC → Avg $1.5/click
Growth Plan
Franchisee Model
Social Integration
Increase City Presence
Primary Expenses
App Dev + Maintenance
Marketing + Promotion
Sales Ambassador Salaries
$300KA convertible note with a $5M valuation cap and a 20% discount
Purpose - App Dev & Campaigns in Initial Markets
Investment Opportunity Admit One
Questions