Buying club Startup Weekend Pitch

Buying Club SoftwareWhy you will want to invest in this application

Bulk Buying PowerWe’ve been doing this for a long time

Health FoodCo-operatives of people join together for bulk discounts: Buying Clubs

The ProblemsOrders are collected in an off-linemanner (Email, Fax, Phone, mail)Coordinators spend so much time doingrepeated tasks that they only offer onedistributor or vendorCoordinators struggle with accountingMembers cannot consult previous orders

The SolutionDevelop a hosted software solution which: Allows members to complete entire order online Allows searching of vendors’ products Provides invoicing & AR Is a single utility to run/manage a buying club in an easy way

Buying Club StatsOver 2,000 UNFI buying clubs east ofthe MississippiOver 1,500 Frontier Buying ClubsOver 1,500 Tree of Life Buying ClubsAverage Buying Clubs have 15-30membersOver 100 Buying Clubs in Metro GrandRapids alone

The CompetitionUNFI offers an online ordering system Cannot check historical orders/no AR Cannot order from another distributorWest Michigan Co-Op Software Cannot order from non-local sources (aka national vendors)Foodclub. org -- not user friendly

Pricing/Revenue Options$1/member/month 5,000 clubs, avg 25 members =$1.5 million/yearAlternative future revenue sources Ads targeted based on users’ purchase history Selling sanitized customer information, product preference etc.

The Current TeamMarketing CoordinatorClub CoordinatorAccountantSysAdmin

This WeekendCode up a working prototypeChoose a nameDevelop a brand

One more thingLaughing Tree BakeryCreswick Farms

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Buying club Startup Weekend Pitch

by Paul Kortman on Jan 12, 2011

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Buying club Startup Weekend Pitch — Presentation Transcript