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AGGRE-GET MALL
 Identifying the Market Opportunity
     And the Value Proposition
 An aggregated Mall consisting of all the best and
biggest online retailers, coupled with a Comparison
    shopping Engine and a Social E-Commerce
                     Experience
  * Comparison Shopping * Aggregate Buying *
     * Shop with Friends * Shared Wallets *
The Survey
• We took two different Surveys:
   – Face to Face Survey of 18 People (12 F, 6 M)
   – Online Survey of 48 People (Gender Undetermined)

• The Survey tried to find out:
   – How many times the person shopped (alone and with
     friends) for gifts
   – What they thought about certain aspects of Online
     Shopping
   – Given certain new features (not currently
     available), how willing they would be to use it and
     how it would affect their shopping experience
Survey Results
• Though most men shopped relatively less (less
  than 4 times a year) and were more likely to shop
  alone (72%), we found that most Women
  shopped more (More than 6 times a year) and
  were more likely to shop with friends (78%)

• Over 65% of those polled said that they had
  neutral or Negative feelings about having fun
  with the online shopping Experience. Over half of
  them also had neutral or negative feelings about
  getting the best possible online price.
Survey Results
• Over 60% of women said that they would be very
  likely to use audio, video or text chat while
  shopping and discuss products, get their friends’
  opinions, etc.

• While 80% of all polled said that they would be
  very likely to shop if they had a comparison
  shopping mechanism offered to them.

• Over 80% of those polled said that the new
  features mentioned (best prices, interactive
  chat, aggregate buying and shared wallets) would
  make their shopping experience somewhat to
  significantly better.
Survey Conclusion
• It was clear that people found the following
  value propositions attractive:
  – Better than the best price on the web (everyone)
  – Fun, Interactive, social shopping experience
    (women)
  – Peace of Mind while allowing their tweener &
    teen kids to shop online while controlling the
    budget (parents)
  – Pool resources as a group to buy a present (Event
    driven buying segment for weddings, baby
    showers, birthdays, bar mitzvah, etc.)
The Aggre-get Mall Idea
• The idea would be to enable users to shop for gifts
  (with a comparison engine) at a store that would be
  the aggregate of all the best and biggest stores online
  (who we would have affiliate relationships with), so
  that for any product, the shopper would be offered the
  best available price.
• Not only that – we would take it a step further by
  giving the shopper an additional 5 – 10% discount
  (from our affiliate commission earnings), so that they
  could get it cheaper than buying from the actual store
  selling it. We would do this to get more traffic so that
  we can grow an additional revenue stream out of
  advertisement space on our site.
The Aggre-get Mall Idea
• Additionally, shoppers would be able to talk, chat and
  look at products in the wish list together with friends
  and make it a fun interactive experience.
• Additionally, they would invite friends to join so that
  would automatically mean that the site visitors would
  increase geometrically.
• A group of friends could pool resources and buy a gift
  for a mutual friend – add a social experience like video
  or audio chat along with a wish list slide show
• User could approve a certain amount so children can
  shop within a given budget without having to use
  credit cards and such.
The Value Proposition
• So all in all:
   – guaranteed best price, even better than the
     source
   – Fun, social experience that is currently
     absent in online shopping.
   – Unique new features like buying a gift
     aggregately with friends for a mutual friend
     or relative.
   – Peace of mind while your kids shop online
     with amounts that you specify.
The Value Proposition

• In conclusion, we are addressing all
 the things that people (we surveyed)
    are not totally sold on, as far as
   online shopping goes. And we are
      improving on things they are
        satisfied with – like, more
    choice, convenience and better
                   price.
Thank You

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Online Aggregated Mall - Re-defining the Shopping Experience

  • 1. AGGRE-GET MALL Identifying the Market Opportunity And the Value Proposition An aggregated Mall consisting of all the best and biggest online retailers, coupled with a Comparison shopping Engine and a Social E-Commerce Experience * Comparison Shopping * Aggregate Buying * * Shop with Friends * Shared Wallets *
  • 2. The Survey • We took two different Surveys: – Face to Face Survey of 18 People (12 F, 6 M) – Online Survey of 48 People (Gender Undetermined) • The Survey tried to find out: – How many times the person shopped (alone and with friends) for gifts – What they thought about certain aspects of Online Shopping – Given certain new features (not currently available), how willing they would be to use it and how it would affect their shopping experience
  • 3. Survey Results • Though most men shopped relatively less (less than 4 times a year) and were more likely to shop alone (72%), we found that most Women shopped more (More than 6 times a year) and were more likely to shop with friends (78%) • Over 65% of those polled said that they had neutral or Negative feelings about having fun with the online shopping Experience. Over half of them also had neutral or negative feelings about getting the best possible online price.
  • 4. Survey Results • Over 60% of women said that they would be very likely to use audio, video or text chat while shopping and discuss products, get their friends’ opinions, etc. • While 80% of all polled said that they would be very likely to shop if they had a comparison shopping mechanism offered to them. • Over 80% of those polled said that the new features mentioned (best prices, interactive chat, aggregate buying and shared wallets) would make their shopping experience somewhat to significantly better.
  • 5. Survey Conclusion • It was clear that people found the following value propositions attractive: – Better than the best price on the web (everyone) – Fun, Interactive, social shopping experience (women) – Peace of Mind while allowing their tweener & teen kids to shop online while controlling the budget (parents) – Pool resources as a group to buy a present (Event driven buying segment for weddings, baby showers, birthdays, bar mitzvah, etc.)
  • 6. The Aggre-get Mall Idea • The idea would be to enable users to shop for gifts (with a comparison engine) at a store that would be the aggregate of all the best and biggest stores online (who we would have affiliate relationships with), so that for any product, the shopper would be offered the best available price. • Not only that – we would take it a step further by giving the shopper an additional 5 – 10% discount (from our affiliate commission earnings), so that they could get it cheaper than buying from the actual store selling it. We would do this to get more traffic so that we can grow an additional revenue stream out of advertisement space on our site.
  • 7. The Aggre-get Mall Idea • Additionally, shoppers would be able to talk, chat and look at products in the wish list together with friends and make it a fun interactive experience. • Additionally, they would invite friends to join so that would automatically mean that the site visitors would increase geometrically. • A group of friends could pool resources and buy a gift for a mutual friend – add a social experience like video or audio chat along with a wish list slide show • User could approve a certain amount so children can shop within a given budget without having to use credit cards and such.
  • 8. The Value Proposition • So all in all: – guaranteed best price, even better than the source – Fun, social experience that is currently absent in online shopping. – Unique new features like buying a gift aggregately with friends for a mutual friend or relative. – Peace of mind while your kids shop online with amounts that you specify.
  • 9. The Value Proposition • In conclusion, we are addressing all the things that people (we surveyed) are not totally sold on, as far as online shopping goes. And we are improving on things they are satisfied with – like, more choice, convenience and better price.

Notes de l'éditeur

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