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Team Vogue presents



Website: http://www.beauty-insight.com
Facebook: http://www.facebook.com/beautyinsight
Twitter: http://www.twitter.com/beauty_insight


 Vision: To become the bridge
between consumers and trusted
 experts in the beauty industry
Business Model Canvas
Key Partners               Key Activities                 Value Proposition        Customer                   Customer Segments
                                                                                   Relationships
Facial recognition         Build a massive beauty         INSTANT,                Friends and friends         Women 18-44, urban,
and online makeup          ontology, taxonomy             personalized,           of friends aka social       already buying and/or
technology                 and attributes cross-          unbiased beauty         media                       researching online,
                           linked with products in        recommendations                                     into cosmetics
                           the industry                   from experts you can                                buying in high
Cosmetic and                                              trust                                               volume or high
supply companies                                                                                              frequency, who
                                                                                                              demand personal
PUBLISHING                                                                                                    attention and
HOUSES                                                                                                        customization for
Beauty/Fashion/Gos                                                                                            their beauty routine
sip magazines              Key Resources                                           Channels
                           UX Team
FASHION HOUSES             Beauty industry                                         Website
Runway shows               experts with
Beauty trends              unsurpassed product
                           knowledge, as well as
SOCIAL                     skincare specialists
NETWORKING                 such as dermatologist

                           Rules Engine
                           Following trends and new
                           product innovations that are
                           worthy of endorsement.
                           ONLINE PLATFORM

Cost Structure                                                       Revenue Streams
  VALUE DRIVEN                                                         SUBSCRIPTION OR PAY-PER-USE
                                                                     SALE OF MERCHANDISE = FIXED 60% GROSS MARGIN
                                                                        Freemium
  Staff (most expensive)                                                Offer complementary consultation for the first-time
  Overhead for website
  COGS                                                                 users.
                                                                     STRATEGIC PARTNERSHIPS: ACCESS TO USERS
                                                                        Charge fee to access on-going services. (Needs
                                                                        validation)
What we thought

    We are doing well! We could make this work.
   Just go with multiple ways to generate revenue.




         What we didn’t think

               How would this scale?
Too many revenue models would confuse the customer.
What we did
  We took advice       • From the class session on keeping revenue models simple




We took more advice    • Jim pointed us towards facial recognition



   We talked to        • Patented technology that provides multitude of facial
    Modiface             attributes and applies makeup online



While we continued     • 20 more women interviewed
to talk to customers   • Started receiving feedback and beauty questions on FB


 And we continued      • This time with Twitter and Slideshare
  with promotion       • Insight Today FB campaign seems to be working (300+ Likes,
                         65+ people talking about us)
   experiments
What we found
                                                                    All of this needs
                                                                         ongoing
                                                                        customer
                                  Pivot                                 validation



              The key lies in a “recommendation rules-engine”



We will use our expertise in beauty industry along with a network on external
             beauty experts to create a prototype of this engine


We will provide “instant” personalized recommendations – practically ZERO
marginal cost of adding a new customer, not limited by the number of beauty
                              experts we have


 Keep the revenue model simple by offering pre-paid subscription and timed
                            auto-shipments
Website – http://www.beauty-insight.com




  Graphic      Wireframes       Sign-in
 design for    created and     working
beta launch     linked for    with native
 complete       key pages     and 6 other
                               types of
                               accounts
Beauty sessions with gorgeous Berkeley ladies




Zulma @1:00 PM   Zulma @1:20 PM   Carol @2:00 PM    Carol @2:20 PM
                                             The Magician




Shino @1:30 PM   Shino @1:50 PM
Promotions @ Facebook, Twitter and Slideshare



      Out of 300+ likes, 200+ is
    purely from this FB campaign
    running @$2 per day. AKA –
     we don’t even know these
             200 people
Where we are going…

  Work towards
 completing one
  flow (Eyes) of
    sign-up to                         Initiate rules engine
     purchase                                prototype
interaction (MVP)                          development




                     Keep validating                            Serious
                     customers and                             efforts to
                        continue                                 obtain
                      promotional                               funding
                      experments

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Team Vogue Block 4 Presentation

  • 1. Team Vogue presents Website: http://www.beauty-insight.com Facebook: http://www.facebook.com/beautyinsight Twitter: http://www.twitter.com/beauty_insight Vision: To become the bridge between consumers and trusted experts in the beauty industry
  • 2. Business Model Canvas Key Partners Key Activities Value Proposition Customer Customer Segments Relationships Facial recognition Build a massive beauty INSTANT, Friends and friends Women 18-44, urban, and online makeup ontology, taxonomy personalized, of friends aka social already buying and/or technology and attributes cross- unbiased beauty media researching online, linked with products in recommendations into cosmetics the industry from experts you can buying in high Cosmetic and trust volume or high supply companies frequency, who demand personal PUBLISHING attention and HOUSES customization for Beauty/Fashion/Gos their beauty routine sip magazines Key Resources Channels UX Team FASHION HOUSES Beauty industry Website Runway shows experts with Beauty trends unsurpassed product knowledge, as well as SOCIAL skincare specialists NETWORKING such as dermatologist Rules Engine Following trends and new product innovations that are worthy of endorsement. ONLINE PLATFORM Cost Structure Revenue Streams VALUE DRIVEN SUBSCRIPTION OR PAY-PER-USE SALE OF MERCHANDISE = FIXED 60% GROSS MARGIN Freemium Staff (most expensive) Offer complementary consultation for the first-time Overhead for website COGS users. STRATEGIC PARTNERSHIPS: ACCESS TO USERS Charge fee to access on-going services. (Needs validation)
  • 3. What we thought We are doing well! We could make this work. Just go with multiple ways to generate revenue. What we didn’t think How would this scale? Too many revenue models would confuse the customer.
  • 4. What we did We took advice • From the class session on keeping revenue models simple We took more advice • Jim pointed us towards facial recognition We talked to • Patented technology that provides multitude of facial Modiface attributes and applies makeup online While we continued • 20 more women interviewed to talk to customers • Started receiving feedback and beauty questions on FB And we continued • This time with Twitter and Slideshare with promotion • Insight Today FB campaign seems to be working (300+ Likes, 65+ people talking about us) experiments
  • 5. What we found All of this needs ongoing customer Pivot validation The key lies in a “recommendation rules-engine” We will use our expertise in beauty industry along with a network on external beauty experts to create a prototype of this engine We will provide “instant” personalized recommendations – practically ZERO marginal cost of adding a new customer, not limited by the number of beauty experts we have Keep the revenue model simple by offering pre-paid subscription and timed auto-shipments
  • 6. Website – http://www.beauty-insight.com Graphic Wireframes Sign-in design for created and working beta launch linked for with native complete key pages and 6 other types of accounts
  • 7. Beauty sessions with gorgeous Berkeley ladies Zulma @1:00 PM Zulma @1:20 PM Carol @2:00 PM Carol @2:20 PM The Magician Shino @1:30 PM Shino @1:50 PM
  • 8. Promotions @ Facebook, Twitter and Slideshare Out of 300+ likes, 200+ is purely from this FB campaign running @$2 per day. AKA – we don’t even know these 200 people
  • 9. Where we are going… Work towards completing one flow (Eyes) of sign-up to Initiate rules engine purchase prototype interaction (MVP) development Keep validating Serious customers and efforts to continue obtain promotional funding experments

Notes de l'éditeur

  1. Women want recommendationsBrand agnostic advice is available on the marketplaceHigh turnover at cosmetics stores=lack of deep relationships with behind the counter salespeopleMany women know what cosmetics they will purchase before walking into the store. Their trip is not a "random walk,” but a focused search for a few key, pre-planned itemsIt's OK to lose customers in the market discovery process