tech-shoot oap [venture lab]

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Your new way for gadget shopping Tech-Shoot

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Presentation slides for Venture Lab OAP. Introduction about Tech-Shoot.

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Page 1: Tech-Shoot OAP [Venture Lab]

Your new way for gadget shopping

Tech-Shoot

Page 2: Tech-Shoot OAP [Venture Lab]

About UsTech-Shoot aims to become the leading Online Gadgets and Accessories Shop for the Net-generation which focuses on providing the most unique and exciting shopping experience for Singapore market.

Page 3: Tech-Shoot OAP [Venture Lab]

Meet the Tech-Shoot TeamPascal Gekko (23 years

old)• Graduated from National University of

Singapore with Bachelor of Engineering (First Class Honours, Top 10% in the Cohort)

• Strong interest in entrepreneurship with his dream to create his own creative startup in technology

"Pascal is a visionary person with great leadership spirit within and a lot of instantaneous brilliant ideas. This sentence wholly summarizes him. A typical strategic leader, He knows what his idea is, what he want it to be, what are the plans and strategies, and what decisions he should take." (Herman Wijaya)

Page 4: Tech-Shoot OAP [Venture Lab]

Meet the Tech-Shoot TeamHerman Wijaya (23 years

old)• Graduated from University of

Wollongong with Bachelor of Computer Science (Digital Systems Security)

• Strong interest in technopreneurship and innovation with passion in gadgets and latest technologies

"Herman is a perfectionist. I think that explains him as a whole. He always tries his best to achieve his goals exactly how he expects himself to be and therefore, he does not compromise." (Pascal Gekko)

Page 5: Tech-Shoot OAP [Venture Lab]

Singapore Market Analysis• About Singaporeans' habits

• Gadget as online commodity

• Possible reasons for reluctancy to purchase gadget online

Page 6: Tech-Shoot OAP [Venture Lab]

Singaporeans' Habits• "Everywhere I go, I bet there is a smartphone user within radius

of 5 metres!" (anonymous respondent)

• Singaporeans rely on their gadgets for many of their activities such as:o Checking location of a placeo Finding new informationo Networkingo Online Shopping, etc

• According to Market Research Society Singapore, 25% of Singaporeans with spare cash will spend their money on New Technology gadgets. This ranks fourth after savings (60%), holidays/vacations (49%), fashion (29%), and loans (28%)

Page 7: Tech-Shoot OAP [Venture Lab]

• As per December 2011, there were approximately 3,658,400 internet users in Singapore (represents 77.2% of the total population). From this figures, 48.3% spend 4-8 hours, 19.8% spend less than 4 hours, 16.9% spent 9-12 hours, 7.5% spent 13-16 hours, and the remaining spent more than 16 hours of online activity per day

Page 8: Tech-Shoot OAP [Venture Lab]

Gadget as Online Commodity• According to TechInAsia, in 2010, IT/Electronics contributed for

11% (S$117 million) from the total of all Singapore online purchases, fourth rank right after travelling (28% share, S$307 million), fashion/beauty (13% share, S$146 million), and Entertainment/Lifestyle (13% share, S$143 million).

• There are still minimum number of well-structured online gadget shops in Singapore. Mostly, gadgets and accessories are sold via blog or online marketplace (e.g. GMarket Singapore) which are less structured and unpredictable credibility level

• The most common online gadget commodity is smartphone casing due to the low risk for buyers and sellers

Page 9: Tech-Shoot OAP [Venture Lab]

Possible Reasons for Reluctancy• Expensive delivery fee (which might cost the buyer to pay 10%

extra as compared to buying in physical gadget shops)

• Confusion about the seller's credibility (the buyer needs to bear the risk of not getting the item after making the payment)

• No on-demand product knowledge, review, or reference (physical gadget shops have salespersons who assist customers' queries)

• No touch-and-feel of the gadget itself (as compared to physical gadget shops which might provide display set to try)

Page 10: Tech-Shoot OAP [Venture Lab]

What makes Tech-Shoot different?• Tech-Shoot commits to provide FREE delivery service for all

items without any minimum purchase amount

• Tech-Shoot provides unbiased review about all products to ensure our buyer gets exactly what they are looking for (In the future, Tech-Shoot will provide our customer service personnels to help each buyer in deciding his/her product needs)

• Tech-Shoot gives the buyer an exciting shopping experience through our affiliate marketing system where the buyer gets incentive whenever someone he/she refers to Tech-Shoot makes a purchase

Page 11: Tech-Shoot OAP [Venture Lab]

How is Tech-Shoot doing now?• Tech-Shoot has secured the domain name as [www.tech-

shoot.com] and currently in progress of designing the web interface

• Singapore market opportunity research was executed with positive response, showing very promising opportunity for Tech-Shoot

• The catalogue of selling items are being prepared (due to the limitation, not all kind of gadgets and accessories can be accommodated)

• Arranging the supplier and supply chain system

• Market penetration strategy planning

Page 12: Tech-Shoot OAP [Venture Lab]

Tech-Shoot DreamIn future, Tech-Shoot is dreaming to become the most complete and most preferred gadget shop which consistently delivers competitive prices and unique/exciting shopping experience with members not only from Singapore, but also from all neighbouring countries in South-East Asia.

Page 13: Tech-Shoot OAP [Venture Lab]

Thank you for your attention!!

Your new way for gadget shopping

Tech-Shoot