Me plug v0.9

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Me plug v0.9

  1. 1. MePlug <ul><li>A search engine for your friends recommendations </li></ul>
  2. 2. Overview <ul><li>MePlug was founded by two friends who met whilst consulting for a client on a successful project over the last 9 months </li></ul><ul><li>MePlug is a online service that allows you to share recommendations and to find relevant recommendations from your friends </li></ul><ul><li>Our vision: to become the most popular way for friends to share recommendations online </li></ul>
  3. 3. The problem <ul><li>We wanted to find a reliable, trustworthy tradesman… </li></ul><ul><li>What we needed was a reliable, trustworthy recommendation - a search engine and repository for everything your friends like, rate, and recommend </li></ul><ul><li>There is a vast choice of online recommendation sites for consumers, but none: </li></ul><ul><ul><li>Consider how much you value each friend </li></ul></ul><ul><ul><li>Provide a simple way to get recommendations based on those relationships </li></ul></ul><ul><li>Solution: MePlug </li></ul>
  4. 4. MePlug is… <ul><li>A search engine and repository for everything your friends like, rate, and recommend </li></ul><ul><li>Allows user input to create more valuable and accurate recommendations </li></ul><ul><li>Learns about its user base to suggest recommendations </li></ul>
  5. 5. How it works <ul><li>User tells us their top friends and how highly they rate those friends across various predefined categories </li></ul><ul><li>The user and her friends recommend products and services on their phone or web applications </li></ul><ul><li>Recommendations from friends have a greater bearing on results depending on ranking and input frequency </li></ul><ul><li>Users with a public profile making highly ranked relevant recommendations are considered experts </li></ul><ul><li>Search for that advice - receive credible recommendations! </li></ul>
  6. 6. How it evolved <ul><li>Bluetooth technology used to share recommendations allowing users to access this information via a search engine </li></ul><ul><li>The idea was presented to friends who loved it but location enabled mobile phones and bluetooth technology has significantly increased the potential of the idea </li></ul><ul><li>Come 2011 – the influence of social networks and location enabled mobile devices has created a cultural and technological shift that allows MePlug to work in its element. </li></ul>
  7. 7. MePlug QR Code <ul><li>For location based dining and services </li></ul><ul><ul><li>Users scan the QR Code </li></ul></ul><ul><ul><li>Recommendation box appears </li></ul></ul><ul><ul><li>Tie in location </li></ul></ul><ul><ul><li>User submits the recommendation </li></ul></ul>
  8. 8. What sets us apart? <ul><li>MePlug can: </li></ul><ul><ul><li>Differentiate between the value of one friends advice over another – do you value friends opinions equally? </li></ul></ul><ul><ul><li>Utilize your friends ’ friends, or local experts experiences </li></ul></ul><ul><ul><li>Tie in offers with recommendations - incentivize me! </li></ul></ul><ul><ul><li>Make it fun! </li></ul></ul><ul><li>Competitors are: Yelp, GetGlue, Hipster, Blekko, and Domo </li></ul>
  9. 9. Why it will work <ul><li>Users are more likely to consume if they have a relevant recommendation from someone they trust </li></ul><ul><li>Information is gold to business success, a way to monitor service satisfaction and conduct market research </li></ul><ul><li>Businesses are keen for customers to recommend their product and services – it is the most credible form of marketing </li></ul><ul><li>Businesses are willing to pay for this (pay for what?) </li></ul><ul><li>Word of mouth spreads rapidly online </li></ul><ul><li>Attractive because its free </li></ul>
  10. 10. Revenue stream <ul><li>Advertised recommendations – when personal recommendation sources are exhausted </li></ul><ul><li>Affiliate marketing </li></ul><ul><li>Analytics and market research revenue </li></ul><ul><li>Keyword auctions </li></ul><ul><li>Advertising space </li></ul>
  11. 11. Implementation <ul><li>Launch as a Facebook application through an ‘invite only’ beta to get a fast user uptake and feedback. </li></ul><ul><li>Launch the website and iPhone app two months later through an ‘invite only’ beta </li></ul><ul><li>Launch the website to the public </li></ul><ul><li>Release a public API </li></ul><ul><li>Lessons learnt will be reviewed after each stage of implementation </li></ul>
  12. 12. The team <ul><li>Leon Johnson </li></ul><ul><ul><li>28, Management consultant, started own Management consulting company at 24 </li></ul></ul><ul><ul><li>Cocoa and Python programming skills </li></ul></ul><ul><ul><li>Skilled graphic designer </li></ul></ul><ul><li>Kenneth Kwok </li></ul><ul><ul><li>Actuary and mathematics graduate </li></ul></ul><ul><ul><li>Market research skills developed as an equity analyst </li></ul></ul>
  13. 13. What we need <ul><li>Advice and financial backing for development and marketing </li></ul><ul><li>Relevant contacts to promote this product </li></ul>

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