This document provides information on HostAContest, a platform for hosting online contests. It outlines problems like a photographer struggling to make money from his hobby and a business owner unable to find a suitable logo design. The platform allows users to host contests on topics of their choice and earn money from premium entries. Contest hosts get a share of entry fees, promoting contests grows their networks. The idea was validated through real contests on other sites, which confirmed people's willingness to pay and join competitions online. Further testing of a landing page showed interest before launch. The business model involves earning revenue from both contest participants and hosts.
2. TABLEOFCONTENTS
PROBLEM
Here we mention the
current problem that we
are going to solve by
introducing this system
02
PRODUCT
Here We describe more
about the product and,
unique features.
03
validation
Here we describe how we
are planning to get into
the market and our
findings of market study
04
BusinessMODEL
Here we describe our
model, how do we make
money out of this.
05
TEAM
Overview of our team
members, roles and
backgrounds
01
3. About
HostAContest - A One stop Platform
for Hosting online contests. We
enable users to monetize their
hobbies. Users can gamify the
problems they want to solve by
getting solutions through airing
contests.
4. OURTEAM
He is the one who makes our app look
great!
Sijithchandran
Always sit in the back and
handle all backend stuff!
Sanjaymonessary
Tajujoseph
A fit guy who always
wants to fit this product
in the right Market!!
I am the lazy guy who
sits and relaxes seeing
my idea flourish!
anuraj
The one who creates all the mess by asking the right
questions and helping us see things differently!
HUGOMESSER
6. PROBLEM#1
Meet Mr. John, a hard working Photographer by passion and a daily
wages employee by Profession! After taking photos he used to share
it in social media and seeing the likes he gets from there, he feels a
sense of completeness. He feels accomplished doing something
which he loves. You may be thinking ‘What is the Problem here?’
Well, you should meet his wife Mary as well!
7. This is Mary, wife of John. She is always angry with John
because he takes leave from his job and goes to take photos
and simply post it in social media for likes and comments. To
Mary he is just wasting his time losing his daily income when
he takes leave!
8. SOLUTION
John started submitting his photos for the contests in
our platform and thereby started earning reputation
and money by winning the prizes. Since John has a big
network of similar minded people, he started hosting
similar contests in our platform and began to earn
more money by inviting his friends to join the contests
which he hosts in our platform.
Now John is happy doing what he loves to do in his
free time and Mary is happy because john earns more
money doing what he loves and she gets more money
for shopping.
Well we didn’t know this could also be a marriage saver!
9. PROBLEM#2
Meet Mr. TOM. He wanted to start a company and
hence was planning to design a logo. He asked few
freelance designers but the cost was too high. So he
posted a project in one of the freelancer websites,
talked with a few and finally awarded the job to one
person. The designer gave the designs in 2 months.
Right now he is screaming because even after
explaining what he wanted, he didn’t get the one which
matches his expectations and he just got 3 options
from the designer and still he had to pay him for not
getting what he wanted.
10. SOLUTION
Tom came to know about the hostAcontest platform
from his friend John. Then he hosted a contest for
logos and published the contest in our platform with
prize money. He also shared it within his network and
placed ads for his contests. He got a massive
response from a lot of designers and instead of 3
options he got 300+ options and finally he got what he
wanted with a minimum amount of money.
12. Host a contest
Host a Contest is a community platform which acts
as a crowdfunded contests platform.
1. Show your style
2. Challenge yourself
3. Inspire others and get better
4. Earn Money & Reputation
5. Network with like minded people
As a contestant here you can:
By hosting contests, you can:
1. Find what you want from the best
2. Earn Money
13. Howitworkedoutforjohn?
John loves photography and opens a
contest in hostacontest and
published it with a publishing fee of
$10 since he was a free member.
● Photographers who join his contest could choose 2 options:
○ Free entry (Win title, No prize money)
○ Premium entry (Can win both title and prize money)
14. Howitworkedoutforjohn?
John spread this contest in social media and other platforms and he got
2000 entries, out of which 1000 was premium entry.
Total fund generated for this contest = $2000 (1000*2)
Total Prize money = $1005 ($5[0% of publishing fee] + $1000 50% of premium entry)
John Got $400 (40% of balance fund generated ie. 40% of $1000)
HostaContest got remaining $600 as platform fee.
All this from just one contest.
15. Moneydistribution
Collected a total of $2000 ie 1000 premium entry
Paid $2 each
Total Prize Money for ist,2nd and 3rd
John got $400 as Contest Bonus
$2000
$1005
$400
60%
30%
50%
Host a contest got $400 as platform charge
$400
17. Idea validation
We wanted to know if Photographers would love to join
online contests like this and that too by paying an entry
fee. So our first experiments to validate our product is
with photographers. We hosted several events on
existing platforms and validated that people would love
to join contests online and are willing to pay entry fee
and join.
18. IdeasvalidatED
Ran a competition on
Viewbug.com
Run a contest on
Shuttout.com
Ran a contest in
Instagram with minimum
marketing efforts
Peoplewant
recognition
Peoplepaytojoin
premiumconteststo
earnrewards/money Peoplejoincontest
bypayinguntrusted
source
3000+
Entries
35/45
paid
21
entries
Interviewed
photographers/event
coordinators
Eventcoordinators
interestedtohost
contest andmake
money
57+
23. BusinessModel
People can join contest as free or
premium entry by paying $2. Only
premium entry has cash prize. Otherwise
just the title
When someone hosts a
contest, a percentage of their
premium entry will be shared
with us.
Only one entry is allowed, for each
multiple entry you have to pay extra which
also increases the chance of winning
Premiumentry Contesthosting Multipleentry
24. THANKS!
Does anyone have any questions?
info@hostacontest.com
+91 952 601 1521
www.hostacontest.com