[Startup Nations Summit 2014] Competition - Iceland
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Transcript of [Startup Nations Summit 2014] Competition - Iceland
GUIDE TO ICELAND Welcome
Invitation from CEO
This is who we are Mission statement
Meet our friendly bloggers
First year recognitions
Local partners
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WELCOME TO GUIDE TO ICELAND
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www.guidetoiceland.is
CONTACT A LOCAL
Get in touch with local people,
read blogs & receive travel tips
SEARCH TOURS
Find things to dowith the largest
travel search enginein Iceland
ABOUT ICELAND
Read fun &informative articles
about Iceland & its people
TRAVEL ICELAND
Browse the largest source of attractions
in Iceland & plan your trip
INVITATION FROM CEO
With this presentation we give you the opportunity to invest in the fastest growing travel company in Iceland.
Guide to Iceland is a user-generated platform that has achieved enormous success during first year of startup.
We have created a popular and profitable travel social network, with promising implications for global expansion.
The concept is already a collaboration between some of the biggest travel companies in Iceland.
And we have solved a complex problem where we can now communicate with all other existing booking systems.
Our online presence is already stronger than most other Icelandic travel companies on all major search engines.
We are also the biggest Icelandic brand on social media sites Facebook, Google+, Douban and Weibo.
Numerous other features, such as popular marketing material, provide us with a competitive advantage.
We will use them to build the strongest travel company in Iceland and create a global travel community.
If you want to join us on this exciting journey we would be honoured to have you with us.
Please read our presentation, we think you might like it.
ELMAR JOHNSON
Tryggvi Þór HilmarssonGraphic designer
Iurie BelugurschiPhotographerHospitality management
Sigmundur HermannssonCustomer serviceGeologist & tour guide
Simon SteelHead of DigitalMultimedia BSc
Ingólfur ShahinTravel writer Journalist
Skarphéðinn SteinþórssonLead programmerEngineer
Xiaochen TianChinese affairsMaster of Public Relations
Heba ShahinCustomer serviceTeacher
Einar JohnsonProgrammerSoftware engineer
Helena GuðlaugsdóttirCustomer service Pilot
Anna María ÆvarsdóttirMarketing Psychology student
Einar Steinn ValgarðssonEditor-in-chief English translator
Nanna GunnarsdóttirTravel writerActor
Bala KamallakharanHead advisorMaster of Economics
THIS IS WHO WE ARE A GLOBALIZED TEAM
Elmar JohnsonCEO/COO Medical doctor
Guðríður IngólfsdóttirCFO Business administrator
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LOCAL PARTNERSWith more than 2000 tours on
offer Guide to Iceland is now
already the largest platform
for travelers to find, compare
and book holidays in Iceland
We have partnered with most of
the largest travel companies in
Iceland. They pay us commission
and give us free tours that help
build our travel social network
The next step is to give more
travel companies in Iceland
access to our platform.
We aim at partnering with all
travel companies in Iceland
A NATION WIDE COLLABORATION
NannaSimmi Anna Elmar Eyjól fur Regína Konstantín
Dóra Ól i Einar B Aldís Stefán Óli P Olga
Andrean Steinarr Siggi E Haukur Hera Anna Kol l i
Vopni Helena El ína Heiðdís Lyonel
CONTACT A LOCAL MEET OUR FRIENDLY BLOGGERS
Einar S 7
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FIRST YEAR RECOGNITIONS
MISSION STATEMENT
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KEY FEATURES Travel search engine
Booking systems
Unique travel content
Popularity & traffic
Social media
Strong brand
User generated content
The friendliest country in the world
Contact a local | Introduction
Contact a local | Affiliate marketing
Contact a local | Solves problems
Next steps | Contactalocal.com
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COMMUNICATION & SELECTION TRAVEL SEARCH ENGINE
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Customized software provides us with an
updated status of the availability, prices,
logistics and extras of all our partners
Software therefore also provides our
customers with a best price guarantee
Software can easily create a worldwide
database of travel products in an extremely
short time
The travel search engine can then be widely
distributed and integrated onto other websites
BeachesAny type Bird sights Canyons Caves
Volcanoes
Geysers
Towns & villages
FjordsCultural attractions Geothermal areas Glacier lagoons
Highland routes Hot springs Islands Lakes Mountains
Northern lights Rivers
Forests
Rock formations Valleys
Continental drift
Lava fields
There is no central reservation system for tours in Iceland.
Our travel search engine is the only booking system that has real-time data
of the availability of all major tour operators.
Tour operators who feature their products on our website do not constantly
have to update the status of their inventory on our platform.
That happens automatically.
TRAVEL SEARCH ENGINE SOLVES PROBLEMS
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BOOKING SYSTEMS MAXIMIZE SALES
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Increases conversions with an advanced
shopping cart
Increases sales with an inclusive affiliate program
Automatically sends confirmation vouchers
to customers
Automatically sends booking notifications to service providers
Booking system accepts all major
credit cards
OUTSTANDING MARKETING MATERIALUNIQUE TRAVEL CONTENT
Within 1 year we have acquired more travel
content about Iceland than any other website on
the internet
More than 670 tours, 70 reviews, 300 descriptions of
natural attractions, 440 travel articles and 1800 user
comments
We also possess more than 600 hugely popular
images and videos of Iceland
Our marketing material has attracted global attention
and has been highlighted by major media outlets
such as SKY News, The Guardian, Seven Network,
StumbleUpon, Buzzfeed and more
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8.000
Already the most popular travel
website about Iceland in English
Strong in SEO and high rankings in most
Iceland related search queries on Google
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POPULARITY & TRAFFIC TREMENDOUS GROWTH
103.000
Monthly users on www.guidetoiceland.is, 2013 - 2014
BIGGEST ICELANDICBRAND ON GOOGLE+
A COMPETINGBRAND ON TWITTER
BIGGEST ICELANDICBRAND ON DOUBAN
BIGGEST ICELANDICBRAND ON WEIBO
BIGGEST ICELANDICBRAND ON FACEBOOK
BIGGEST ICELANDICBRAND ON GOOGLE+
SOCIAL MEDIA OVER 250.000 SOCIAL CONNECTIONS
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STRONG BRAND A POPULAR PARTNERCombined features make us the most attractive travel company in Iceland to partner with. The Guide to Iceland brand is not confined to excursions, but can offer all travel related services in Iceland
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A WAY TO GROWUSER GENERATED CONTENT
All companies in Iceland are welcome to
feature their products on Guide to Iceland
Everyone can blog and provide travel
information by using the platform of
Contact a local
We have created a user generated platform
that is inclusive to everyone
Users can comment, review and engage
on all pages of our website
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CONTACT A LOCAL INTRODUCTIONThe idea behind Contact a Local was to create a travel community and a social networking platform where people could contact each other and share
their local travel tips. It proved to be extremely popular with users during the first year of beta testing and hundreds of blog posts were created and
hundreds of contacts were made.
We also expanded the concept to include a model of collaborative consumption and affiliate marketing. By combining a travel social network with a
marketplace for activities we were able to offer bloggers on Contact a Local two big benefits. First tour operators in Iceland agreed to give bloggers
their unsold seats on adventure tours for free. Instead bloggers write about their tours and change their empty seats into an Internet marketing tool.
Second by sharing the 20% commission we get from tour operators we opened up a way for bloggers to earn money by answering travelers.
A number of bloggers have already made good money by using this system and the model has also reduced our overall service costs.
With free tours and a way to earn money we easily mobilized great travel writers that created interesting content fast. But besides boosting the industry
Contact a local also provided us with a popular value proposition and was great for our search engine optimization. Contact a Local also helped us
create content in a number of languages, or until now: Icelandic, English, German, Spanish, Russian, Indonesian, Japanese and Chinese.
In short Contact a local helped us create, in less than 1 year, the largest travel website about Iceland on the Internet. It also made our platform extremely
popular. We now believe the concept can help us create one of the most interesting travel websites in the world. Our next step is therefore to further
develop and launch Contact a Local worldwide. 26
T O U R O P E R AT O R S
G U I D E T O I C E L A N D
CONTACT A LOCAL AFFILIATE MARKETING
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CONTACT A LOCAL
GU IDE TO I CE LAND
TOUR OPERATORS
5% commission of
tours sold by bloggers
15% commission of
sold tours by bloggers
Contact a Local provides tourists with valuable
travel information and introduces them to local travel experts.
Unsold seats by tour operators equals lost growth.
Contact a Local helps them change their empty seats
into an internet marketing tool.
Small service providers are lost on the internet.
On Contact a Local they can join hands to build a free,
personal and popular platform to market their companies.
CONTACT A LOCAL SOLVES PROBLEMS
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OUTSTANDING MARKETING MATERIALUNIQUE TRAVEL CONTENT
Within 1 year we have acquired more travel
content about Iceland than any other website on
the internet
More than 670 tours, 70 reviews, 300 descriptions of
natural attractions, 440 travel articles and 1800 user
comments
We also possess more than 600 hugely popular
images and videos of Iceland
Our marketing material has attracted global attention
and has been highlighted by major media outlets
such as SKY News, The Guardian, Seven Network,
StumbleUpon, Buzzfeed and more
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MARKET & FINANCE Tourism in Iceland
Revenue streams
Target market
Niche market
Contactalocal.com
Investment breakdown
Company debts
Marketing strategy
Additional funding needed
Growth projections
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TOURISM IN ICELAND A WISE BET
The fastest growing travel industry in Europe
1950 1960 1970 1980 1990 2000 2010 20140
100 k
200 k
300 k
400 k
500 k
600 k
700 k
800 k
By far the fastest growing industry in Iceland
2011 saw an 18% year-on-year increase of tourists
15% of GDP and more than 2 billion USD in cashflow
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REVENUE STREAMS COMMISSION RATES
SALES BYDISTRIBUTORS OF ORGANIZED TRIPS
COMMISSION OF ONLINE
TOUR SALES
COMMISSION OF SALES FROM
CONTACTALOCAL.COM
SALES BYAFFILIATEWEBSITES
TARGET MARKET ONLINE SALES & DISTRIBUTORS
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We will target independent
travelers to Iceland who seek
information and services online
In 2012 the turnover in the
Icelandic tourism sector was
more than 1,2 billion USD
They are mostly located in
the USA, UK and Scandinavia
in the agespan of 20 – 55
We will also use
bulk email marketing to target
travel distributors worldwide
BAIDU & CHINESE DISTRIBUTORSNICHE MARKET
China’s outbound tourism grew by 18% last year
A 60% increase of travelers from China to Iceland between 2011 and 2012
Having at hand the most popular Chinese social media sites about Iceland gives us a head start
We can capitalize on having first-mover advantage
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Chinese travelers spend the most money
Co-founder of Guide to Iceland, M.A Public relations, Boston University
There’s a great lack of travel information about Icelandin Mandarin, but we are changing that fast
CONTACTALOCAL.COM TARGET MARKETActivities and tours are a $27 billion worldwide industry and represent the fastest growing segment of the leisure travel market. We can create a global marketplace and interesting content extremely fast.
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9 STEPS TO SALES
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JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Social media marketing and build up on more platforms
Participate in travel trade shows in China
Global marketing of contactalocal.com
Create Chinese marketing material to launch brand in China123456789
Use local media contacts to recruit more bloggers into Contact a local
Bulk email marketing to mobilize more local tour opearators
Access online global distribution systems
Bulk e-mail marketing to travel agencies and distributors worldwide.
Online marketing and on-site optimization
COMPANY DEBTS HOW MUCH DO WE OWE?
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ADDITIONAL FUNDING NEEDED TO ACHIEVE GOALS
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250K USDINVESTMENT
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INVESTMENT BREAKDOWN HOW WILL IT BE SPENT?
FIXED COSTS
USERSUPPORT
PROGRAMMING DEVELOPMENT OFBRAND IN MANDARIN
MARKETING &MATERIALS
DEVELOPMENT OFCONTACT A LOCAL
OPERATIONALSYSTEMS
DESIGN CONTENT MANAGEMENT
MANAGEMENT
GROWTH PROJECTIONS YOU REAP WHAT YOU SOW
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Our booking system was functional 01.05.2013 and development was concluded 01.09.2013
Our booking system will be functioning all year. Brand and online presence is much stronger than first year
Our 2014 marketing strategy will start to bear fruit. Distributors worldwide will send us travelers in bulk to holidays that we have organized. Online presence will also have increased and Contactalocal.com will have been established in a number oftarget markets
Guide to Iceland is now an established brand. Relationships have been strengthened with current distributors and more travel agencies have joined our network. Contactalocal.com has expanded globally.
Distributors will have increased even more and search engines will have understood that Guide to Iceland is by far the strongest travel brand in Iceland. Worldwide use of Contactalocal.com is now contributing strongly to our growth.
20 M USDEXPECTED TURNOVER
136 K USD500 K USD
5 M USD
10 M USD
THANK YOUFOR READING THIS PRESENTATION
IF YOU WANT TO INVEST INThe most popular travel website about Iceland
The largest online marketplace with Icelandic travel products
The biggest Icelandic brand on social media
The widest business network in the Icelandic tourism industry
elmar. johnson@guidetoiceland. is
PLEASE CONTACT OUR CEO
The most content rich website about Iceland