BidzBee: đấu giá online

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Transcript of BidzBee: đấu giá online

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93%Of Businesses

approached have saidthey would use BidzBee

OfCustomersAge 18-35

96%Have said they

would tryBidzBee

14% Surveyed Said They Were Contentwith their e-Commerce options

http://www.bidzbee.com/kh7843o­saacutet.html

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Why is EveryoneJumping Ship?

OUTDATED PLATFORMS

NOT NICHE FOCUSED

BORING - NON SOCIAL

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Why BidzBee?

Instant Auctions

Fast - Fun - Social

Local Knowledge

AUI THAT CREATES

BUZZ

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WHYBidzBee inVietnam?

Facebook groups with over 150,000ACTIVE members participating in rapid

auctions because of a lack of a properplatform

Consumer culturethat craves a fast

paced, social,bargainingexperience.

https://www.facebook.com/groups/ChoSinhVienMienPhi/835477383249004/?notif_t=group_activity&notif_id=1463674404057116

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If they're already using this...

133,000 Active Members

In These 4 GroupsAlone

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Why not give them this?

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10% Comission

the

alpha

the

Beta10% Comission Fee Per

Scheduled Item

Revenue

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$3.5B

Sold in 2014 in theBidzBee Niche

(Entire Vietnam)

$1.3B

Sold in 2014 inthe BidzBee

Niche (Saigon)

$1.3M(0.1%)

@ 10%Commission

=

$130,000

+

$75,0000.14 fee per item

=$205,000

Commission and Fee RateApproved by 99% of people

Surveyed

Source: moit.gov.vn2014

0.1% capture of niche market

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GO TOMarket

Public Relations, SearchEngine Marketing,

Social & Display Ads, SearchEngine Marketing Email

Exclusive Accessto Public, Private,

Academic,Sporting,

Commerical &Charitable Events

Publications,Flyers,

Advertisements,Social Branding,Modern Media

14 hour days oryour just here to

play

Markets, Stalls,Stores, Schools,Malls, Outlets,

Clubs, Gatherings

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Stage 1Acquisition

Aggressivelytarget current

groups and theiradmins.

Direct marketingat every major

and minor event.

Piggy Backawareness through

our massiveNetwork.

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Deliveryfor Vietnam

What we look for in Delivery partners

-Working knowledge of the local market

-E-commerce delivery experience

-5 Star Customer Satisfaction

-People that click with the BidzBee Platform

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April 2016

March 2016

May 2016

Q3 2016

Q4 2017 - Q1 2017

7:40Contacted over 100 Vendors to establishinterest

Polled over 50 Customers to gauge interest Built Information Page 

Started looking for MentorshipAttended 1337 pre­accelerator in Saigon Invested $100 in Materials, Web, Mock Up,

Professional Consultation/Validation

Experienced platform idea Began Market Research in Vietnam

Began speaking with Vendors and Customers inVietnam and Cambodia

Invested first $100 in exploring the idea andconcept

Contacted over 50 Vendors to establish interestPolled over 50 Customers to gauge interest

 (Data, Market Research, Events)

Caravan Charity Networking Trip with BidzBeeInvested $100 in Validation andCustomer/Vendor confirmation

Polled over 100 Customers to gauge interest Contacted over 150 Vendors to establish interest

Attended 1337 accelerator in Saigon­Pitch Deck ­ New Mock UpsInvested $200 in Tech Build

(Prototype is in production slated for end of may)

Alpha Launch in JuneBegin aggressive Vendor campaign

Market at events, Online Optimization ­ ADPost Alpha to begin aggresive Customer campagin

Work out kinksFirst revenue to come in

Total Investment to Date: $500 USD

Traction?

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https://www.facebook.com/groups/350844178453995/?ref=br_rshttps://www.facebook.com/groups/350844178453995/?ref=br_rshttps://www.facebook.com/groups/750867524984537/?ref=br_rs

https://www.facebook.com/groups/1715371468746601/https://www.facebook.com/groups/1112780615399352/https://www.facebook.com/groups/118849838452700/https://www.facebook.com/groups/1562757870713305/https://www.facebook.com/groups/174973706217967/

https://www.facebook.com/groups/daugiabatlua/https://www.facebook.com/groups/657082087765283/https://www.facebook.com/groups/823093551105980/

Sample https://www.facebook.com/groups/350844178453995

14 auctions per hour average @160,000VND Average winning bidduring low traffic time (12­3am)

Average Sale @ 160,000VND x 14auctions = 2,240,00Vnd/Hour x 24 hours x 365 days in a year =

19,622,400.000VND per year from1 of over a dozen identical groups.

Conservative capture of15% of group. 15% of thegroup at 10% commission=294,336,000VND/Year

Factor in the base rate feeon each auction (3000vnd)

­ 55,118,000vnd/year

349,524,000VND/Year/ProfitFrom 15% capture of a singlegroup of over a dozen on anidentical but inferior platform.

Money Magic

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http://saigoneer.com/saigon-technology/1559-infographic-key-statistics-on-vietnam-s-internet-population

https://www.statista.com/outlook/243/127/ecommerce/vietnam

http://www.vecita.gov.vn/trangtin/41/ABOUT-US/en

http://www.vecita.gov.vn/ChuyenMuc/43/NEWS&lang=en

http://www.moit.gov.vn/en/News/802/vietnam-e-commerce-report-2014.aspx