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PERSONAL LIBRARIES	 WEEK 7 Revenue Model & Pivot Reference Library Product Library
Week 6 Canvas
Week 7 Canvas Upwardly mobile young professionals making $2-10K of discretionary online purchases a year (excluding travel) FB/TW posts from users you know Company blog, FB, TW accounts Discover online goods recommended by friends at the lowest possible price from trusted vendors FB/TW posts from cartpop users you know Bloggers and Media targeting customer segment Retail marketing partners IE/FF/Chrome teams Affiliate Program Providers Affiliate program SEO/SEM/SM IE/FF/Chrome App Stores Developers Marketers Affiliate program fees Licensing Subscription fees Ad revenue AWS Infrastructure SEM Eng & Marketing OpEx
Week 6 Teaching Team Feedback What category are you in? Do you need to pivot?   If so, where to? How can you test these different categories instead of refining your existing software solution?   Do you need to setup simple landing pages for other ideas, e.g., document management? Pivoting this late can be really hard
Week 7 Canvas Upwardly mobile young professionals making $2-10K of discretionary online purchases a year (excluding travel) FB/TW posts from users you know Company blog, FB, TW accounts Discover online goods recommended by friends at the lowest possible price from trusted vendors FB/TW posts from cartpop users you know Bloggers and Media targeting customer segment Retail marketing partners IE/FF/Chrome teams Affiliate Program Providers Affiliate program SEO/SEM/SM IE/FF/Chrome App Stores Developers Marketers Affiliate program fees Licensing Subscription fees Ad revenue AWS Infrastructure SEM Eng & Marketing OpEx
Week 7 Canvas Upwardly mobile young professionals making $2-10K of discretionary online purchases a year (excluding travel) FB/TW posts from users you know Company blog, FB, TW accounts Discover online goods recommended by friends at the lowest possible price from trusted vendors FB/TW posts from cartpop users you know Bloggers and Media targeting customer segment Retail marketing partners IE/FF/Chrome teams Affiliate Program Providers Affiliate program SEO/SEM/SM IE/FF/Chrome App Stores Developers Marketers Affiliate program fees Licensing Subscription fees Ad revenue AWS Infrastructure SEM Eng & Marketing OpEx
Key Decisions Complete “Paper Libraries” campaigns Since it’s a going concern, continue E245 course assignments (revenue model, financial model, etc.) with Peaya Pivot E245 project to “Product Libraries” Like Peaya, users lookup, organize, annotate, and share their product information.  New concepts include automated comparison shopping and appraisals of used items. Drop other investigations Document management and verticals (legal, pharmaceutical) aren’t panning out—too many competitors, too much complexity, we have little expertise, advantage or passion
Personal Libraries
Peaya conservatively priced Below niche competitors, above generalists 2K users 0.4K active last week 0.008K paid users (0.4%) 0.005 new users / day revenue ~ 0.05K / month 7M users 2.6M active users last month 0.25M paid users (~3%) 22K new users / day revenue >1M / month
Connecting with Media Outlets ,[object Object],We can develop a direct/SEO channel via bloggers & social networks our audience frequents ,[object Object],Contacted 45 selected bloggers to solicit feedback Experiment ,[object Object],4 positive responses, bloggers want:  ,[object Object]
Reference chart vs. competitors
Next steps: Follow-up to generate reviews
Posting to Forums manually is easy, but time consuming Epernicus Academia.edu ResearchGate
Personal Libraries could be $240K/year business in 2 years Assumptions Core Freemium(up to ~$180K) ,[object Object]
200x conversion (to 10%)
3x price increase
2 FT engineers @$40K/yearAds (up to ~$30K) ,[object Object]
4-10 hours in app
60K user baseContent Sales (up to ~$30K) ,[object Object]
0.02-0.05% CTR
$15-50 mean purchase price,[object Object]
Product Libraries Customer Segment & Value Prop Hypotheses Sam the Shopper  Upwardly mobile young professional (some Grad Students) Salary: $40,000-$250,000/year Demographics ,[object Object]
Minimum bachelors from expensive schoolMotivation ,[object Object]
Hates tedious work
Identifies as influencer for tech products
Fears being cheated onlineBehavior ,[object Object]
Shares online and in person about products he lovesBudget ,[object Object],“The XXX is awesome, I really want one. I know I just bought the YYY, but it’s probably time to upgrade.”  Value Proposition Promise ,[object Object],Differentiation  ,[object Object],Evidence ,[object Object],Cost ,[object Object]

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E245 personallibraries week7

  • 1. PERSONAL LIBRARIES WEEK 7 Revenue Model & Pivot Reference Library Product Library
  • 3. Week 7 Canvas Upwardly mobile young professionals making $2-10K of discretionary online purchases a year (excluding travel) FB/TW posts from users you know Company blog, FB, TW accounts Discover online goods recommended by friends at the lowest possible price from trusted vendors FB/TW posts from cartpop users you know Bloggers and Media targeting customer segment Retail marketing partners IE/FF/Chrome teams Affiliate Program Providers Affiliate program SEO/SEM/SM IE/FF/Chrome App Stores Developers Marketers Affiliate program fees Licensing Subscription fees Ad revenue AWS Infrastructure SEM Eng & Marketing OpEx
  • 4. Week 6 Teaching Team Feedback What category are you in? Do you need to pivot?  If so, where to? How can you test these different categories instead of refining your existing software solution?  Do you need to setup simple landing pages for other ideas, e.g., document management? Pivoting this late can be really hard
  • 5. Week 7 Canvas Upwardly mobile young professionals making $2-10K of discretionary online purchases a year (excluding travel) FB/TW posts from users you know Company blog, FB, TW accounts Discover online goods recommended by friends at the lowest possible price from trusted vendors FB/TW posts from cartpop users you know Bloggers and Media targeting customer segment Retail marketing partners IE/FF/Chrome teams Affiliate Program Providers Affiliate program SEO/SEM/SM IE/FF/Chrome App Stores Developers Marketers Affiliate program fees Licensing Subscription fees Ad revenue AWS Infrastructure SEM Eng & Marketing OpEx
  • 6. Week 7 Canvas Upwardly mobile young professionals making $2-10K of discretionary online purchases a year (excluding travel) FB/TW posts from users you know Company blog, FB, TW accounts Discover online goods recommended by friends at the lowest possible price from trusted vendors FB/TW posts from cartpop users you know Bloggers and Media targeting customer segment Retail marketing partners IE/FF/Chrome teams Affiliate Program Providers Affiliate program SEO/SEM/SM IE/FF/Chrome App Stores Developers Marketers Affiliate program fees Licensing Subscription fees Ad revenue AWS Infrastructure SEM Eng & Marketing OpEx
  • 7. Key Decisions Complete “Paper Libraries” campaigns Since it’s a going concern, continue E245 course assignments (revenue model, financial model, etc.) with Peaya Pivot E245 project to “Product Libraries” Like Peaya, users lookup, organize, annotate, and share their product information. New concepts include automated comparison shopping and appraisals of used items. Drop other investigations Document management and verticals (legal, pharmaceutical) aren’t panning out—too many competitors, too much complexity, we have little expertise, advantage or passion
  • 9. Peaya conservatively priced Below niche competitors, above generalists 2K users 0.4K active last week 0.008K paid users (0.4%) 0.005 new users / day revenue ~ 0.05K / month 7M users 2.6M active users last month 0.25M paid users (~3%) 22K new users / day revenue >1M / month
  • 10.
  • 11. Reference chart vs. competitors
  • 12. Next steps: Follow-up to generate reviews
  • 13. Posting to Forums manually is easy, but time consuming Epernicus Academia.edu ResearchGate
  • 14.
  • 17.
  • 19.
  • 21.
  • 22.
  • 23.
  • 25. Identifies as influencer for tech products
  • 26.
  • 27.
  • 28.
  • 30.
  • 32.
  • 34.
  • 35. Largest comparison shopping sites (~20M UVs) target men 25-34 Usage is widespread Fragmentation may suggest a lack of differentiation Men, 25-34-year-olds, and higher earners (more than $75K) are heavy users
  • 36.
  • 37. Facebook and video growing in influence
  • 38.
  • 39. Facebook and video growing in influence
  • 40.
  • 41.
  • 43.
  • 44. $0.7 APRU for women’s furnishings
  • 45.
  • 46.
  • 47.
  • 48. Values celebrity trends and friends’ opinions
  • 49. Wants to buy high ticket items at lowest price
  • 50.
  • 51. Differentiation: Discover online goods recommended by friends at the lowest possible price from unspammy vendors
  • 54. Effort: Download an install, initially requires chrome
  • 55.
  • 56. Experiment 1: Comparison Shopping Add-in for Chrome http://wantio.com
  • 58. Significant value in online distribution for e-commerce