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PriceCheck.com

Never pay too much!

Need for compare pricesNo other website offers the same serviceThe unmet need/ opportunity How we fulfill the need Creating a price checking serviceCompare prices from online and walk-in stores

Mission and Social Impact

Screenshot of our homepageOur mission is to provide customers with a website to find the best prices by using the most efficient and convenient options.Supporting by always giving the lowest priceNo charge for customersEasy to useSupport of smaller companiesThe mission statement Gathers prices from different companiesDisplay them all on one website Search for your productFree to use for consumers Profit through promoting companies Companies will be listed more prominently Description of serviceBusiness ModelDescription of Expenses

Variable Material ExpensesTotal: $2.6Labor$2.5/unitMaintenance $0.10/unitFixed ExpensesTotal: $4,192Insurance$250Salary$1,800Advertising$1,000Interest $167Depreciation$125Utilities$200Rent$400Other fixed expenses$250Economics of One UnitSelling Price$3.5 Cost of var. materials exp.$0.10 Cost of labor 2.5 Other variable costs0Total COGS/ COSS$2.6Contribution Margin$0.90Definition of One UnitOne unit is a single product from a company displayed on our website.Monthly Break Even Units$4,192=4,657.784,658 units$0.90Market AnalysisDescription of Target ConsumerDemographicsGeographicsPeople of both gender from the age of 18 to 55. People who can use technology.Our target market will in the begin be locally, but quickly we will go all over the states since everything on our website can be purchased in America. PsychographicsBuying PatternsPeople who wants to save money and are willing to put in a little effort to save money, instead of just going into a store and buying the first product you see.Our target group is very large so its hard to say what the average consumers buying patterns are. Its people who wants to save money, on both more expensive and cheaper products.Total PopulationTarget Market Population 315 millionMarket Size(based onsurvey)Target Market SizeMarket StatisticsIndustry Name:Web based industryAnnual Industry Sales:$226 billion160 million130 million8Marketing and SalesYouTubeFacebooktwitterRadioShackbest buy

CompetitionOur BusinessPriceGrabberAmazonDesign consumer friendly designDifficult to figure outA lot of advertisements CategoriesNarrowed downBig varietyFew categories, covers a lotTarget areaSanta Barbara CountyU.S.WorldwideYour Competitive Advantages1.Easy access to find products and prices2.Only in area nearby the customer 3.Easy way to get to the website that sells the itemQualificationsstudying on Niels Brock international business college

experience of using social networks

knowledge about different kind of websitesSales ProjectionsTotal Units$98,000Gross Revenue$98,000Net Profit$3,651.6Start-up Funds

Future PlansDeals Expand our business worldwideGet a bigger target market

Never pay too much!Thanks for your concideration and time!null27298.115ItemWhy NeededVendorCost

Insurance

To protect being suedGEICO$250

Rent

So we have an office to work fromBuellton$400

Web space

We need a serverAmazon$250

Advertisement

People need to know about usTV channels and YouTube$500

Phone, Internet & computer

We are providing a service over the net so we need to be on it our self Verizon$4200

Total Start-up Expenditures$5600

Emergency Fund (1/2 of startup expenditures) $2800

Reserve for Fixed Expenses (covers 3 months of fixed expenses)21,716

Total Start-up Investment$50,000