MGT3960 Entrepreneurship Management Fall 2015

"There's a way to do it better—find it."— Thomas Edison

Venture Idea market analysis

Scheduled delivery system (and mobile application)

Our product is can be used by anyone who purchases stuff online. If you don’t want your stuff dropped in front of the door because it can be stolen or live in a building with no doorman. A lot of buildings are trying to reduce costs since renters complain about high prices. Therefore, certain buildings for example in NYC no longer have doormen, replaced by electronic security systems. Sometimes you might have something unexpected and therefore not be there for your delivery.

Out of 5 billion retail shipments in the US in 2013, 100 million were failed deliveries. We are offering a solution to this problem. Intermediary between delivery company and receiver.

We are going to focus on big cities first.

 

Product schedule delivery everyday of the week (between 4 and midnight)

Value pricing 

 

Key partners

  • US Postal Service, UPS, FedEx
  • Depot partners
  • Online retailers

 

Key activities

Problem solving

 

Key resources 

  • Depot operated by the company
  • Cars
  • Drivers
  • Databases, servers

 

Value proposition 

Convinience (you decide which day you want your package delivered, even on weekends until midnight)

 

Customer segment

Online shoppers

 

Channels

Internet (mobile devices and the application)

 

Revenue stream

Customers are charged per delivery. Until a certain weight, price is fixed ($6.99) no matter day or time. Above that, special prices apply.

 

Cost structure

  • Fixed costs : Deals with the retailers and the depot partners
  • Variable : Location of delivery (gas), costs for servers, database and app (increase with traffic/users), drivers

Promotion If you convince a friend to try the service, his first delivery is free and you also get a free delivery. -> word of mouth and social media (promotion codes)

Competition Amazon one-hour package delivery

 

Global e-commerce statistics and facts

  • http://www.statista.com/topics/871/online-shopping/

Author: m.teyangtatah

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