Online Auction platform expansion plan

Online Auction platform expansion plan

Project Cost: RM750,000

Amount Invested : RM350,000

Amount Required : RM400,000

Knowledge / Experience Required:
strategy
sale & marketing

Proposed Investor’s Role:
part-time
as mentor
as consultant
others (Sleeping Partner)

Industry:
informatics / multimedia
internet

Project Stage:
early expansion

EXECUTIVE SUMMARY:

Company History:
more than 10 Years on internet marketing, SEO and affiliate program

Product / Service Description:
not just online platform for user to buy and sell, current available platform available online only, they overlook the offline user who don’t buy online.

Business Opportunity:
linked business to enhance the business, integrate payment gateway, insurance to make buy and sell much easier and safer.

Revenue Model:
we are making money from listing, targeting casual sellers and retail shop maximize products exposure to the buyer.

Management Team:
currently manage by me, we have outsource programmer and designer who is ready to do changes when necessary.

Current Status:
we are currently on second stage expansion which is new design, new feature, implement more useful function and cleaner interface,investment up to date is RM 350,000 on office furniture, design , programming and other necessary expenses, we are getting revenue from user listing online and offline.

Funding Milestone:

milestone first 1 month, give the website a brand new face, friendly , simple and quick , implement new feature/function.
milestone for 2nd month, mobile apps and sms verification service,
making our site a safe place.
milestone 3rd month , marketing,hiring stuff and publishing.

Business Valuation:
20% of the equity i am willing to allocate, the idea and effort worth a lot more than that and the potential of the business.

Expected Return On Investment:
expected rate of 100% of the amount invested within 3 years

Investment Risk and Mitigation:
other big company can follow what we are doing as we do not
have that much of financial support compared to them.

Exit Strategies:
when investor decide to exit during not loss on account, we will buy over the equity.

CONTACT INFORMATION

Gigabos Sdn Bhd
Postal Address : M1-11-02 8Trium Tower,
Jalan Cempaka SD 12/5
State : kuala lumpur
Post Code : 52200
Country : malaysia
Telephone : 012-6667333
Website : www.ezybid.my
Mobile: 012-6667333

 

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