Product Comparison
Transcript: One place for everything!! App for product comparison Intro Planning Why do we need this app 65% of online shoppers spend at least 15 minutes on price comparison websites while making online purchases. 95% of online shoppers devote a substantial amount of time to find the best offer & price Customers viewing experience on a comparison shopping engine are twice as likely to convert into sale These three points summarize fittingly the benefits of this tool for Ecommerce businesses. Not only it is a measurable and transparent marketing strategy, but it also helps to gain new customers, reach more people and increase revenue. Why do we need this app A little background & Product Idea The Details Product Idea 1 Online buying and selling has become an important part of many people's lives. Everybody relies on the internet to acquire products at affordable prices, virtual stores allow people to shop from the comfort of their homes without the pressure of a salesperson, and online marketplaces provide a new and more convenient venue for the exchange of virtually all types of goods and services. Both businesses and customers have embraced online sales as a cheaper and more convenient way to shop. When you shop online, you have to start by searching for a product. This can be done by visiting a store's website or, if you are not aware of any store that has the particular item you are looking for or you'd like to compare prices between stores, you can always search for the items with a search engine and compare the results. Introduction 2 Advantages Convenient Cost Saving Variety No Pressure 3 Product and Price comparison can be a very tedious and time consuming task Disadvantages 4 Since we now understand the pain of online shopping is time consumption to get the right product at the right price, the idea is to develop a comparison app. This app will compare the product on all major ecommerce websites at one click and also show more relevant products Product ideation It's getting tough!! Competitors Competitors Competitors Google Shopping: Shows according to the location and depends heavily on Google adwords platform. So you get products which are heavily advertised Nextag: Is good with Electronic products but not with consumables PriceGrabber: Is more like a E-commerce site and not a comparator Shopping.com: Is an arm of Ebay and does not lkist major E-commerce sites ShopZilla: US based comparison. Not user friendly Competitors Key Partners Who Will Help You? You can't succeed alone... Business Canvas Business Canvas Value Proposition Value Proposition Why is your plan special? The Nuts and Bolts How it Works Model The model should be based on Meta search Engine The idea is to rope in other E-Commerce sites and become partners with them Small stand alone smaller brand sites can also become the partners It would be a B2C platform and will work on User requests So, once you search any Product, they check all available sites with them & gives you the prices. Once you book on a certain price it will divert you to that portal, where you confirm the Product & make the payment. Model Technology Products in the tech stack can include: Apache (Commons, HTTP Server, Kafka, Solr, Storm, Web Server), Cameratag, EuroDNS Domain Registration, Filecamp, GeoTrust SSL, Git, GitHub, GitLab, Google Maps, HAProxy, HockeyApp, InfluxData, Java, JavaScript, Jenkins, Memcached, Modernizr, MySQL, Nginx, PHP, Python, RabbitMQ, Redis, Vagrant, Varnish Cache, and VirtualBox. Additionally, here’s a list of other software products that can be used internally: Marketing: AppsFlyer, Digital Turbine, Google Tag Manager, Wordpress Sales and Support: Zendesk Analytics: Clarifai, Google Analytics, Parse Core Technology How would you earn revenue? Financial forecast Financial Forecast with Clients and Partners Connecting Contact Info Customize the layout and add your content Separated Design Elements: