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Contacts
Day 1: 9
Day 2: 17 (restart)
Day 3: 62
Day 4: 47
Total: 135
Les Envies: 126
                                     Team U
                                     Save Big
    Not your parent’s reservation – helping restaurants fill empty seats, users save
    and feeding those in need




          Patrick Chang              Rodulfo Prieto          Fangyuan Wang
Day 1 - What we thought

Idea: Save Big

Provide low income families with tools that allow them to
purchase larger-size consumer goods and generate savings
through economies of scale
Day 1 - Canvas


                  - Finance                        Dedicated
 - Retailers        platform                        personal
 - Consumer       - Education    Access to:        assistance      Mothers of
   Brands                        - Credit (card)                   low income
 - Banks                         - Education                         families
 - Government                    - Savings
 - Insurance                       account
                 - Financial                         Retail +
                 - Human                             Word of
                 - Physical                          Mouth

        -   Credit cost & risk
        -   Education staff                Royalties from consumer brands
        -   Systems                        and brokerage (credit card) fees
        -   Advertisement
Day 1 - What we did & what we found
After “getting out of the building” (9 interviews) we found
that:

• The problem does not exist in the US --- though we did
  confirm it exists in Latin America (and possible other
  developing markets)

• Our solution would generate “more problems” as credit
  could fuel consumption in non-productive goods

              Need to perform a Randomized Control Trial (A/B
              test) to test customer behavior reaction to credit
Day 2 – Research new idea

                                     Platform to                         Mothers of low
                    •    Finance
                                     save by            Microfinance         income
                         platform
•   Retailers                        having              institution       families in
                    •    Education
•   Consumer                         access to         customer base       country X
    Brands                           credit, educat                      (below poverty
•   Micro-                           ion and                                line and
    finance                          banking                             working in the
    Banks                            resources                              informal
-   Governme                         New revenue                           economy)
    nt                               stream
-   Insurance        •   Financial                      Retail + Word
                     •   Human       Exclusivity –        of Mouth        Microfinance
                     •   Physical    more market
                                                                             Banks
                                     share
                                                                          Consumer
                                                                         Goods Brands
          •   Education staff
          •   Systems                            Royalties from consumer brands and
          •   Advertisement                         brokerage (credit card) fees
Day 2 – New Idea


 Platform that offers daily discount deals
 when booking on-line reservations at high-
 end restaurants
Market Size

                 Total Available
                     Market
              8.3bn transactions/yr

                 Served Available
                      Market
                 1.7bn transactions
               (20% of transactions would
                   entail reservation)


                   Target Market
                  83m transactions
                   (5% offer discount)



              $250m (@ 3$/transaction)
How it works diagram
Dinning
User fills empty seats (3pm -6.30pm )
and pays dinner (net w/discount)

                      Restaurants                   Inform restaurant
                                                    about reservation

                  30%-50%
                   discount

     User                                     Platform

                  Make on-line reservation:
                  User pays:
                                                     Donation:
                  • $10 per reservation, or
                                                     • $0.25 - $0.5
                  • A discounted rate of $5
                                                       ($1 = 2 meals)
                    if promotes site and
                    restaurant in social
                    media                     Non-Profit
Day 2 – What we thought and learned


         Hypothesis                             Discovered                                To do

 • Restaurants need help filling     • Confirmed                              • Validate our discovery with a
   empty seats                                                                  larger one to one interview
                                                                                sample size
 • Consumers want a discrete way                                                     • Interview more channels
                                     • Overwhelming positive
   to save                                                                             and partners
                                                                              • Online survey for a broader
 • Consumers are willing to pay to   • A limit to how much they are             sample
   save                                willing to pay
                                                                              • Test new hypothesis based on
                                            •   Various options - possibly      consumer feedback such as the
 • Consumers want to support                    subscription based or           subscription model
                                                monthly fee rather than per
   social responsibility causes                 reservation

                                     • Social responsibility is polarizing
 • Consumers are willing to use        – there are people who did not
   social media channels to            care, hated it, or loved it
   promote in order so save more
                                                                                      17
                                     • Most likely – they already share
                                       without any benefits                       Interviews
Landing Page Wireframe
Partner Page Wireframe
Search Page Wireframe
Day 3 – Canvas

                             •Continually building a     Users                      Users                     Users
                             list of restaurant          •Save on overall bill      •Ensure they have a       •Young professionals
                             partners                    (including food and        great experience          who like fine dining
 •Mid to Higher – end        •Improve data collection    alcohol)                   •High end service for     but are price
  Restaurants                and marketing for           •Discrete saving (no       high end restaurants      sensitive
                             restaurants
                                                         coupons)                   •Possible special         •Middle income who
                             •Grow customers
 • Charity partner –                                     •Supporting social         events                    want to experience
                             •Intuitive/creative
  TBD                                                    cause as you dine                                    fine dining but at a
                             design
                                                                                                              reasonable cost
                             •Indepth concept            Restaurants
 • Benefit companies                                                                                          •Active social media
                                                         •Help fill empty seats                               users
  for corporations
                                                         •Increase social                                     • Interested in social
                                                         media awareness            Restaurants               responsibility causes
                                                         and users sharing          •Other restaurants
                             •Restaurant partners        •New avenue of
                             willing to provide a        marketing                  Users                     Restaurants
                             discount                                               •Social Media             •Partners who offer
                                                         Nonprofits                 •Word of mouth            reservations
                                                         •Another source of         •Benefit sites
                                                         income                     •Food Blogs               Non-profits

             •Website build
             •Customer acquisition
             •Potential kick backs for premium
                                                                        •Users pay for the reservation
              restaurants to attract other restaurants
                                                                               •Exploring an unlimited monthly membership
              initially
                                                                                fee (subscription)
             •Content creation (blog / marketing)
                                                                        •Search revenue stream – featured restaurant
             •Talent to expand
                                                                        •Advertising
Day 3 – What we did
 More customer contacts (62)

      Use some form of discount websites         Do you feel cheap or think people who            If you are offered a flat rate discount
                                                  use discounts websites are cheap?              such as 30% or 50% off, do you tend to
 50
                                            50                                  46                   consume/spend more on dining?
              39
 40                                                                                         50
                                            40                                                           40
 30                                                                                         40
                                            30
                                    19                                                      30
 20                                         20                                                                                     18
                                                          12                                20
 10                                         10                                              10
  0                                          0                                               0
             Yes                    No                    Yes                   No                       Yes                     No




         Willing to Support Social Causes           Would you be willing to share your            When you make a reservation, how
 50
                                                 experience or plans on your social media          likely are you to commit to the
              43                                   (facebook, twitter, etc) channels for                     reservation?
                                                                                            50                                          42
 40                                                 additional discount at restaurants?
                                                                                            40
 30                                         40            34                                30
                                            30                                  24          20                                13
 20                                 15
                                            20                                              10     2           1      0
 10                                                                                          0
                                            10
  0                                          0
             Yes                    No                    Yes                   No
Day 3 – What we found
 From end-users
 •   Low awareness about competition (Savored)
 •   Channel: app preferred over web page
 •   MUST be high-end restaurants
 •   They LOVE social responsibility cause. Would enjoy a social good counter
 •   Some skepticism over sharing on social media sites
 •   Disliked subscription fees
 From Restaurants
 •   Have been approached by Savored but did not want to use Savored.
 •   Hard time keeping reservations if they are done for free
 •   Some LOVE the social media, but main driver of interest is filing empty seats
 •   Waitresses and waiters are supportive
 •   Providing analytics to restaurants would be extremely interesting and helpful
Day 4 - Canvas

                                                                                        Users
                            •Continually building a     Users                           •Social Media Users
                                                                                                                        Users
                            list of restaurant          •Save on overall bill           •Email marketing                •Young professionals
                                                        (including food and             •PR from food                   who like fine dining
                            partners
                                                        alcohol)                        organizations, blogs and
                                                                                                                        but are price sensitive
•Mid to Higher – end        •Improve data collection    •Discrete saving (no            Nonprofit partners
 Restaurants                and marketing for           coupons)                        •Customer surveys               •Middle income who
                            restaurants                 •Supporting social cause        •Loyalty Programs               want to experience
                            •Grow customers                                             •Gamification                   fine dining but at a
• Charity partner –                                     as you dine
                                                                                        •Referrals to grow and build
                            •Intuitive/creative                                         credits                         reasonable cost
 TBD                                                                                    Restaurants
                            design                      Restaurants
                                                                                        •Cold calling, emails, visits
                                                                                                                        •Active social media
                            •Indepth concept            • New avenue of                 •Sales force                    users
• Benefit companies                                     marketing                                                       • Interested in social
 for corporations                                       •Increase social media
                                                        awareness and users
                                                                                                                        responsibility causes
                                                        sharing                        Users
                                                        •Restaurant analytics          •App and web page
                            •Restaurant partners        •Help fill empty seats         •Partnerships that
                                                        (restaurants believe this is   generate traffic                 Restaurants
                            willing to provide a                                                                        •Partners who offer
                                                        a value proposition)           •Social Media
                            discount                                                   •Word of mouth                   reservations
                                                                                       •Benefit sites
                                                        Nonprofits
                                                                                       •Food Blogs
                                                        • Additional income
                                                                                        Restaurants                     Non-profit
                                                                                        •Other restaurants
            •Website build
            •Customer acquisition
            •Potential kick backs for premium                             •Users pay for the reservation
             restaurants to attract other restaurants                       •Exploring an unlimited monthly membership fee/ (subscription)
             initially                                                    •Search revenue stream – featured restaurant
            •Content creation (blog / marketing)                          •Advertising
            •Talent to expand
Day 4 - What we did & what we found
 •   More Customer Contacts: 45
 •   Meeting with non-profit entity with food social responsibility cause
      o Money is their primary need
      o $1 donation = 2 meals
      o Open to promote lesenvies.com as long as it’s done in an “elegant fashion”
      o Suggested local partnership (more meaningful to help your own community)
      o Social media advertisement is a GREAT plus
 •   Cost experiment (Google Ad)
 •   Referral experiment
 •   Experiment lasted 15 hours: 3:00pm – 6:00AM
 •   Interview with a famous Chef/restaurateur
       • He personally checks his social media every day and has his assistant monitor it
           constantly. They use it for feedback and love the buzz
       • Supports multiple food related cause in the city and would love to participate in a
           corporation that supported a cause as a main objective
       • Has never done a flash sale but would consider discounting for the sole reason of
           supporting a great cause
Day 4 – What we did                                                                           100
                                                                                                        Would you prefer discrete dining at a
                                                                                                              fine dining restaurant?
                                                                                                                   89
                                                                                              80
                                                                                              60
                                                                                              40
 More customer contacts (45)                                                                  20
                                                                                                                                        18

                                                                                                0
                                                                                                                   Yes                  No



         Use some form of discount websites         Do you feel cheap or think people who                   If you are offered a flat rate discount
                                                     use discounts websites are cheap?                     such as 30% or 50% off, do you tend to
 35
                29                            40
                                                                                                               consume/spend more on dining?
 30                                                                                35
                                                                                                40                  37
 25
                                       20     30
 20                                                                                             30
 15                                           20
                                                             13                                 20
 10                                                                                                                                        12
                                              10                                                10
     5
     0                                         0                                                    0
                Yes                    No                   Yes                    No                               Yes                    No



          Willing to Support Social Causes            Would you be willing to share your                     When you make a reservation, how
40
                                                   experience or plans on your social media                   likely are you to commit to the
               36
35
                                                     (facebook, twitter, etc) channels for                              reservation?          23
                                                                                                    25                                  22
30
                                                      additional discount at restaurants?
                                                                                                    20
25                                            40                                                    15
                                                            29
20                                            30                                                    10
15                                   13                                           20                           3
                                              20                                                     5                    0      1
10                                                                                                   0
 5                                            10
 0                                             0
               Yes                   No                     Yes                   No
Day 4 - What We Found in Experiment #1
(Google ad words)
Google Ad    Range     Clicks   Impress   Clickthr   Avg      Cost       Convers   Cost/Co      Convers
words                           ions      ough       Cost                ion       nversio      ion rate
Metrics
                                          rate       per                           n            per
                                                     Click                                      click
181          $0.60 -     116    46,191     0.25%      $0.70    $81.45       5       $16.29       4.31%
variations    $1.10




  Sample words included NY Reservations, NYC Restaurant Reservation, Fine Dining NYC, and NYC
  Reservation Nonprofit

  Experiment lasted 15 hours: 3:00pm – 6:00AM




              GOOGLE IS EXPENSIVE!!!!!!
Day 4 – Referral Program (Experiment #2)
                                           Offered $10
                                           dollar credit
                                           for every 5
                                           referrals
                                           that sign up

                                           690 clicked
                                           the unique
                                           URL

                                           39 Signed
                                           up

                                           Conclusion:
                                           Cheapest
                                           and Fastest
Day 4 – Traffic and Conversion
Channels              Avg Website            % Clickthough       Clickthrough          % Conversion   Conversions
                        Traffic                  rates               rates                             Per Month
Local Nonprofit           10,000                  15%                1,500                   3%           45
Partner (City
Harvest, FBNY, or
Etc)

Nationwide               100,000                  20%                2,000                   3%           60
Nonprofit (United
Way, Share our
Strength)


Employee Benefit         500,000                  1%                 5,000                   5%          250
Portals*
Google Ad Words                                                       116                  4.31%           5

Mailing list from    Mailing list size            5%                  750                    1%            7
food partners        average in NYC
(yelp, opentable)      metro area:
                         15,000
Referral Program    690 on first day of      Assuming pace       Hits per month             5.5%         341
                     experiment x 30        dies down by 70%          6,210
TOTAL:                   630,700                                     15,576                 4.5%         708
                    Excludes mailing list



                     Assumptions based on industry average
                     *Employee benefit portal does not account for one time joining notification
                     Does not account for word of mouth or family and friends
Day 4 – Revenue and Cost per Month
                                                                                                                  Total


Revenue                       Sign ups: 708              Average Reservations             Average Price per       $4,248
                                                             per Month: 2                  Reservation: $3



Website Hosting                                                                                                    $50

Sales Force                                                                                                       $1,000

Premium Restaurant                                                                                                 $100
Partnerships
Partnerships*                                                                                                     $1,000
(employee benefit
sites)
Marketing (Google                                                                                                  $200
adwords, Guerilla
Marketing, etc)
Other Administrative                                                                                               $100
Cost

Bottom line                                                                                                   $1,798 (42%)
Donations                    $0.50 per                   708*2 = 1,416                                            -$708
                            reservation                                                                       =$1,090 (26%)
                       *Partnership is an estimate
                       Average Reservation per month is low but the number of users using it is high
Day 5 - Canvas

                                                                                        Users
                            •Continually building a     Users                           •Ambassador Program
                                                                                                                        Users
                            list of restaurant          •Save on overall bill           •Social Media Users             •Young professionals
                                                        (including food and             •Email marketing                who like fine dining
                            partners
                                                        alcohol)                        •PR from food organizations,
•Mid to Higher – end        •Improve data collection                                                                    but are price sensitive
                                                        •Discrete saving (no            blogs and Nonprofit partners
 Restaurants                and marketing for           coupons)                        •Customer surveys               (See following slide)
                            restaurants                 •Supporting social cause        •Loyalty Programs               •Middle income who
                            •Grow customers                                             •Gamification                   want to experience
• Charity partner –                                     as you dine
                                                                                        •Referrals to grow and build
                            •Intuitive/creative                                         credits                         fine dining but at a
 TBD                        design                      Restaurants                                                     reasonable cost
                                                                                        Restaurants
                            •Indepth concept            • New avenue of
                                                                                        •Cold calling, emails, visits   •Active social media
• Benefit companies                                     marketing                       •Sales force                    users
 for corporations                                       •Increase social media
                                                        awareness and users
                                                                                                                        • Interested in social
                                                        sharing                                                         responsibility causes
                                                        •Restaurant analytics
                            •Restaurant partners        •Help fill empty seats         Users
                                                        (restaurants believe this is
                            willing to provide a                                       •App and web page                Restaurants
                                                        a value proposition)
                            discount                                                                                    • High-end
                                                                                       Restaurants
                                                        Nonprofits                     • 1:1                            Non-profit
                                                        • Additional income
                                                                                                                        • Food related

            •Website build
            •Customer acquisition
            •Potential kick backs for premium                             •Users pay for the reservation
             restaurants to attract other restaurants                       •Exploring an unlimited monthly membership fee/ (subscription)
             initially                                                    •Search revenue stream – featured restaurant
            •Content creation (blog / marketing)                          •Advertising
            •Talent to expand
Customer Segments (Archetype)
        Users                    Restaurants                   Nonprofit

Young Working                Higher end Fine Dining     Food Related Nonprofit
Professionals                • Range of price per       • Attacks food issues
• Age: 22 – 39                  main course $20 - $50   • Hunger
• Income: $60k - $200k       • Takes reservation        • Eating Healthy
• Price Conscious            • Has a need to fill       • TBD: National or Local
• Food Enthusiasts              empty seats
• Dines out 1x-3x a                                     Examples
   week at a Fine Dining                                •   City Harvest
                                                        •   Slow Foods
   Establishment             Not our target
                                                        •   Share our Strength
                             • Ultra high end and       •   Food bank of New York
Middle Income
                                popular restaurants     •   NY coalition against hunger
• Age: 22 – 39                                          •
                                  • Eleven Madison          City Meals on Wheels
• Income: $60k - $200k                                  •   Feeding America
                                       Park
• Dines out at nice                                     •   TABLE FOR TWO USA
                                  • Gramercy Tavern     •   United Way of New York City
   places infrequently but
                                  • Per Se              •   Wellness in the Schools
   would like to splurge                                •   New York Coalition for
   for special occasions                                    Healthy School Food
                                                        •   Just Food (New York City)
                                                        •   Plumpy’nuts
Customer Relations
 • GET
    • Ambassador / Referral program
    • Social Media Marketing
    • Word of Mouth
    • Employee Benefit Partnership websites
    • PR from Tech blogs, News Agencies, Food Bloggers, nonprofit organizations
    • Guerilla Marketing
    • Restaurants: Cold Calling, Restaurant Visits, Sales Force


 • KEEP
    • Loyalty Program
    • Gamification
    • Positive experience
    • Restaurants: Positive Experience, demonstrate value add with customers and social media buzz


 • GROW
    • Referral Program
    • Word of Mouth
    • Social media buzz through the additional discount provided per social media share
    • Restaurants: Word of Mouth, positive experience, demonstrate value add to other potential
      restaurants
Marketing Plan – Halo Effect


                   invites you to
  discover a delicious way you can
  help feed those in need
  By making your dinner reservations at lesenvies.com you not only get
  valuable discounts to high-end restaurants in NYC, you also support United
  Way’s Hunger Prevention & Nutrition Assistance Program


  This method may not generate direct hits but it will hopefully create a halo
  effect and positive word of mouth
Marketing Plan (cont.)
  • Search for “earlyvangelists” in [United Way’s] member
    database

  • Advertise the lesenvies.com & United Way Partnership
    (not lesenvies.com by itself!)
     o Launch event hosted at a very high-end NYC
        restaurant – media, press release, etc.
     o Advertise partnership in top food blog site – e.g.101
       cookbooks, 80 breakfast, etc.
     o Food celebrity that already supports United Way
       likes lesenvies.com & United Way partnership
Marketing Plan (cont.)
  • Ambassador / Referral program: Users are given a unique URL
    which they share and is tracked for each visit and sign up
    conversion. We provide $10 credit for every 5 sign ups.
  • Partner with benefit websites offered to large corporations
  • Partner with Celebrity Chefs
  • Social Media Campaigns on all channels
  • Possibly one feature nonprofit that we partner with a month on top
    of our main cause
  • Special events such as tasting events
  • Food / Online blog
Next Steps


   WE WILL CONTINUE
    WITH THE IDEA!

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Save Big by Filling Empty Restaurant Seats

  • 1. Contacts Day 1: 9 Day 2: 17 (restart) Day 3: 62 Day 4: 47 Total: 135 Les Envies: 126 Team U Save Big Not your parent’s reservation – helping restaurants fill empty seats, users save and feeding those in need Patrick Chang Rodulfo Prieto Fangyuan Wang
  • 2. Day 1 - What we thought Idea: Save Big Provide low income families with tools that allow them to purchase larger-size consumer goods and generate savings through economies of scale
  • 3. Day 1 - Canvas - Finance Dedicated - Retailers platform personal - Consumer - Education Access to: assistance Mothers of Brands - Credit (card) low income - Banks - Education families - Government - Savings - Insurance account - Financial Retail + - Human Word of - Physical Mouth - Credit cost & risk - Education staff Royalties from consumer brands - Systems and brokerage (credit card) fees - Advertisement
  • 4. Day 1 - What we did & what we found After “getting out of the building” (9 interviews) we found that: • The problem does not exist in the US --- though we did confirm it exists in Latin America (and possible other developing markets) • Our solution would generate “more problems” as credit could fuel consumption in non-productive goods Need to perform a Randomized Control Trial (A/B test) to test customer behavior reaction to credit
  • 5. Day 2 – Research new idea Platform to Mothers of low • Finance save by Microfinance income platform • Retailers having institution families in • Education • Consumer access to customer base country X Brands credit, educat (below poverty • Micro- ion and line and finance banking working in the Banks resources informal - Governme New revenue economy) nt stream - Insurance • Financial Retail + Word • Human Exclusivity – of Mouth Microfinance • Physical more market Banks share Consumer Goods Brands • Education staff • Systems Royalties from consumer brands and • Advertisement brokerage (credit card) fees
  • 6. Day 2 – New Idea Platform that offers daily discount deals when booking on-line reservations at high- end restaurants
  • 7. Market Size Total Available Market 8.3bn transactions/yr Served Available Market 1.7bn transactions (20% of transactions would entail reservation) Target Market 83m transactions (5% offer discount) $250m (@ 3$/transaction)
  • 8. How it works diagram Dinning User fills empty seats (3pm -6.30pm ) and pays dinner (net w/discount) Restaurants Inform restaurant about reservation 30%-50% discount User Platform Make on-line reservation: User pays: Donation: • $10 per reservation, or • $0.25 - $0.5 • A discounted rate of $5 ($1 = 2 meals) if promotes site and restaurant in social media Non-Profit
  • 9. Day 2 – What we thought and learned Hypothesis Discovered To do • Restaurants need help filling • Confirmed • Validate our discovery with a empty seats larger one to one interview sample size • Consumers want a discrete way • Interview more channels • Overwhelming positive to save and partners • Online survey for a broader • Consumers are willing to pay to • A limit to how much they are sample save willing to pay • Test new hypothesis based on • Various options - possibly consumer feedback such as the • Consumers want to support subscription based or subscription model monthly fee rather than per social responsibility causes reservation • Social responsibility is polarizing • Consumers are willing to use – there are people who did not social media channels to care, hated it, or loved it promote in order so save more 17 • Most likely – they already share without any benefits Interviews
  • 13. Day 3 – Canvas •Continually building a Users Users Users list of restaurant •Save on overall bill •Ensure they have a •Young professionals partners (including food and great experience who like fine dining •Mid to Higher – end •Improve data collection alcohol) •High end service for but are price Restaurants and marketing for •Discrete saving (no high end restaurants sensitive restaurants coupons) •Possible special •Middle income who •Grow customers • Charity partner – •Supporting social events want to experience •Intuitive/creative TBD cause as you dine fine dining but at a design reasonable cost •Indepth concept Restaurants • Benefit companies •Active social media •Help fill empty seats users for corporations •Increase social • Interested in social media awareness Restaurants responsibility causes and users sharing •Other restaurants •Restaurant partners •New avenue of willing to provide a marketing Users Restaurants discount •Social Media •Partners who offer Nonprofits •Word of mouth reservations •Another source of •Benefit sites income •Food Blogs Non-profits •Website build •Customer acquisition •Potential kick backs for premium •Users pay for the reservation restaurants to attract other restaurants •Exploring an unlimited monthly membership initially fee (subscription) •Content creation (blog / marketing) •Search revenue stream – featured restaurant •Talent to expand •Advertising
  • 14. Day 3 – What we did More customer contacts (62) Use some form of discount websites Do you feel cheap or think people who If you are offered a flat rate discount use discounts websites are cheap? such as 30% or 50% off, do you tend to 50 50 46 consume/spend more on dining? 39 40 50 40 40 30 40 30 19 30 20 20 18 12 20 10 10 10 0 0 0 Yes No Yes No Yes No Willing to Support Social Causes Would you be willing to share your When you make a reservation, how 50 experience or plans on your social media likely are you to commit to the 43 (facebook, twitter, etc) channels for reservation? 50 42 40 additional discount at restaurants? 40 30 40 34 30 30 24 20 13 20 15 20 10 2 1 0 10 0 10 0 0 Yes No Yes No
  • 15. Day 3 – What we found From end-users • Low awareness about competition (Savored) • Channel: app preferred over web page • MUST be high-end restaurants • They LOVE social responsibility cause. Would enjoy a social good counter • Some skepticism over sharing on social media sites • Disliked subscription fees From Restaurants • Have been approached by Savored but did not want to use Savored. • Hard time keeping reservations if they are done for free • Some LOVE the social media, but main driver of interest is filing empty seats • Waitresses and waiters are supportive • Providing analytics to restaurants would be extremely interesting and helpful
  • 16. Day 4 - Canvas Users •Continually building a Users •Social Media Users Users list of restaurant •Save on overall bill •Email marketing •Young professionals (including food and •PR from food who like fine dining partners alcohol) organizations, blogs and but are price sensitive •Mid to Higher – end •Improve data collection •Discrete saving (no Nonprofit partners Restaurants and marketing for coupons) •Customer surveys •Middle income who restaurants •Supporting social cause •Loyalty Programs want to experience •Grow customers •Gamification fine dining but at a • Charity partner – as you dine •Referrals to grow and build •Intuitive/creative credits reasonable cost TBD Restaurants design Restaurants •Cold calling, emails, visits •Active social media •Indepth concept • New avenue of •Sales force users • Benefit companies marketing • Interested in social for corporations •Increase social media awareness and users responsibility causes sharing Users •Restaurant analytics •App and web page •Restaurant partners •Help fill empty seats •Partnerships that (restaurants believe this is generate traffic Restaurants willing to provide a •Partners who offer a value proposition) •Social Media discount •Word of mouth reservations •Benefit sites Nonprofits •Food Blogs • Additional income Restaurants Non-profit •Other restaurants •Website build •Customer acquisition •Potential kick backs for premium •Users pay for the reservation restaurants to attract other restaurants •Exploring an unlimited monthly membership fee/ (subscription) initially •Search revenue stream – featured restaurant •Content creation (blog / marketing) •Advertising •Talent to expand
  • 17. Day 4 - What we did & what we found • More Customer Contacts: 45 • Meeting with non-profit entity with food social responsibility cause o Money is their primary need o $1 donation = 2 meals o Open to promote lesenvies.com as long as it’s done in an “elegant fashion” o Suggested local partnership (more meaningful to help your own community) o Social media advertisement is a GREAT plus • Cost experiment (Google Ad) • Referral experiment • Experiment lasted 15 hours: 3:00pm – 6:00AM • Interview with a famous Chef/restaurateur • He personally checks his social media every day and has his assistant monitor it constantly. They use it for feedback and love the buzz • Supports multiple food related cause in the city and would love to participate in a corporation that supported a cause as a main objective • Has never done a flash sale but would consider discounting for the sole reason of supporting a great cause
  • 18. Day 4 – What we did 100 Would you prefer discrete dining at a fine dining restaurant? 89 80 60 40 More customer contacts (45) 20 18 0 Yes No Use some form of discount websites Do you feel cheap or think people who If you are offered a flat rate discount use discounts websites are cheap? such as 30% or 50% off, do you tend to 35 29 40 consume/spend more on dining? 30 35 40 37 25 20 30 20 30 15 20 13 20 10 12 10 10 5 0 0 0 Yes No Yes No Yes No Willing to Support Social Causes Would you be willing to share your When you make a reservation, how 40 experience or plans on your social media likely are you to commit to the 36 35 (facebook, twitter, etc) channels for reservation? 23 25 22 30 additional discount at restaurants? 20 25 40 15 29 20 30 10 15 13 20 3 20 5 0 1 10 0 5 10 0 0 Yes No Yes No
  • 19. Day 4 - What We Found in Experiment #1 (Google ad words) Google Ad Range Clicks Impress Clickthr Avg Cost Convers Cost/Co Convers words ions ough Cost ion nversio ion rate Metrics rate per n per Click click 181 $0.60 - 116 46,191 0.25% $0.70 $81.45 5 $16.29 4.31% variations $1.10 Sample words included NY Reservations, NYC Restaurant Reservation, Fine Dining NYC, and NYC Reservation Nonprofit Experiment lasted 15 hours: 3:00pm – 6:00AM GOOGLE IS EXPENSIVE!!!!!!
  • 20. Day 4 – Referral Program (Experiment #2) Offered $10 dollar credit for every 5 referrals that sign up 690 clicked the unique URL 39 Signed up Conclusion: Cheapest and Fastest
  • 21. Day 4 – Traffic and Conversion Channels Avg Website % Clickthough Clickthrough % Conversion Conversions Traffic rates rates Per Month Local Nonprofit 10,000 15% 1,500 3% 45 Partner (City Harvest, FBNY, or Etc) Nationwide 100,000 20% 2,000 3% 60 Nonprofit (United Way, Share our Strength) Employee Benefit 500,000 1% 5,000 5% 250 Portals* Google Ad Words 116 4.31% 5 Mailing list from Mailing list size 5% 750 1% 7 food partners average in NYC (yelp, opentable) metro area: 15,000 Referral Program 690 on first day of Assuming pace Hits per month 5.5% 341 experiment x 30 dies down by 70% 6,210 TOTAL: 630,700 15,576 4.5% 708 Excludes mailing list Assumptions based on industry average *Employee benefit portal does not account for one time joining notification Does not account for word of mouth or family and friends
  • 22. Day 4 – Revenue and Cost per Month Total Revenue Sign ups: 708 Average Reservations Average Price per $4,248 per Month: 2 Reservation: $3 Website Hosting $50 Sales Force $1,000 Premium Restaurant $100 Partnerships Partnerships* $1,000 (employee benefit sites) Marketing (Google $200 adwords, Guerilla Marketing, etc) Other Administrative $100 Cost Bottom line $1,798 (42%) Donations $0.50 per 708*2 = 1,416 -$708 reservation =$1,090 (26%) *Partnership is an estimate Average Reservation per month is low but the number of users using it is high
  • 23. Day 5 - Canvas Users •Continually building a Users •Ambassador Program Users list of restaurant •Save on overall bill •Social Media Users •Young professionals (including food and •Email marketing who like fine dining partners alcohol) •PR from food organizations, •Mid to Higher – end •Improve data collection but are price sensitive •Discrete saving (no blogs and Nonprofit partners Restaurants and marketing for coupons) •Customer surveys (See following slide) restaurants •Supporting social cause •Loyalty Programs •Middle income who •Grow customers •Gamification want to experience • Charity partner – as you dine •Referrals to grow and build •Intuitive/creative credits fine dining but at a TBD design Restaurants reasonable cost Restaurants •Indepth concept • New avenue of •Cold calling, emails, visits •Active social media • Benefit companies marketing •Sales force users for corporations •Increase social media awareness and users • Interested in social sharing responsibility causes •Restaurant analytics •Restaurant partners •Help fill empty seats Users (restaurants believe this is willing to provide a •App and web page Restaurants a value proposition) discount • High-end Restaurants Nonprofits • 1:1 Non-profit • Additional income • Food related •Website build •Customer acquisition •Potential kick backs for premium •Users pay for the reservation restaurants to attract other restaurants •Exploring an unlimited monthly membership fee/ (subscription) initially •Search revenue stream – featured restaurant •Content creation (blog / marketing) •Advertising •Talent to expand
  • 24. Customer Segments (Archetype) Users Restaurants Nonprofit Young Working Higher end Fine Dining Food Related Nonprofit Professionals • Range of price per • Attacks food issues • Age: 22 – 39 main course $20 - $50 • Hunger • Income: $60k - $200k • Takes reservation • Eating Healthy • Price Conscious • Has a need to fill • TBD: National or Local • Food Enthusiasts empty seats • Dines out 1x-3x a Examples week at a Fine Dining • City Harvest • Slow Foods Establishment Not our target • Share our Strength • Ultra high end and • Food bank of New York Middle Income popular restaurants • NY coalition against hunger • Age: 22 – 39 • • Eleven Madison City Meals on Wheels • Income: $60k - $200k • Feeding America Park • Dines out at nice • TABLE FOR TWO USA • Gramercy Tavern • United Way of New York City places infrequently but • Per Se • Wellness in the Schools would like to splurge • New York Coalition for for special occasions Healthy School Food • Just Food (New York City) • Plumpy’nuts
  • 25. Customer Relations • GET • Ambassador / Referral program • Social Media Marketing • Word of Mouth • Employee Benefit Partnership websites • PR from Tech blogs, News Agencies, Food Bloggers, nonprofit organizations • Guerilla Marketing • Restaurants: Cold Calling, Restaurant Visits, Sales Force • KEEP • Loyalty Program • Gamification • Positive experience • Restaurants: Positive Experience, demonstrate value add with customers and social media buzz • GROW • Referral Program • Word of Mouth • Social media buzz through the additional discount provided per social media share • Restaurants: Word of Mouth, positive experience, demonstrate value add to other potential restaurants
  • 26. Marketing Plan – Halo Effect invites you to discover a delicious way you can help feed those in need By making your dinner reservations at lesenvies.com you not only get valuable discounts to high-end restaurants in NYC, you also support United Way’s Hunger Prevention & Nutrition Assistance Program This method may not generate direct hits but it will hopefully create a halo effect and positive word of mouth
  • 27. Marketing Plan (cont.) • Search for “earlyvangelists” in [United Way’s] member database • Advertise the lesenvies.com & United Way Partnership (not lesenvies.com by itself!) o Launch event hosted at a very high-end NYC restaurant – media, press release, etc. o Advertise partnership in top food blog site – e.g.101 cookbooks, 80 breakfast, etc. o Food celebrity that already supports United Way likes lesenvies.com & United Way partnership
  • 28. Marketing Plan (cont.) • Ambassador / Referral program: Users are given a unique URL which they share and is tracked for each visit and sign up conversion. We provide $10 credit for every 5 sign ups. • Partner with benefit websites offered to large corporations • Partner with Celebrity Chefs • Social Media Campaigns on all channels • Possibly one feature nonprofit that we partner with a month on top of our main cause • Special events such as tasting events • Food / Online blog
  • 29. Next Steps WE WILL CONTINUE WITH THE IDEA!