Vince Bellitti, Sam Neumark, Craig Schindler and Gideon Popkin propose Deal Wizard, a tool to help small businesses optimize their daily deal offerings on sites like Groupon and LivingSocial. Their working prototype aggregates deal data from multiple sites to provide analytics in one place. They plan to commercialize Deal Wizard by selling subscriptions to small businesses and marketing through workshops, with the goal of helping businesses maximize profits from daily deals.
2. OUTLINE
The Product
Our Prototype
The Market
Commercialization
Social Impact & value for
businesses
Team Composition
Conclusion
3. THE PRODUCT
Deal Wizard
A tool that lets businesses to better understand their online
placements on daily deal sites, such as Groupon & LivingSocial
Helps small business enhance loyalty among their customers,
ultimately increasing profitability
4. WORKING PROTOTYPE
Demonstration of
“competitive analysis”
component of the Deal
Wizard product
Shows the Deal Wizard user
competing deals that he/she
might be interested in
Works by querying the
Groupon API, analyzing the
returned data, and
presenting the user with
deals relevant to his
business
5. PROBLEM SOLVED
Helps small businesses optimize their daily deal offerings
Maximize ROI for businesses and maximize daily deal value for
customers
Aggregates different daily deal websites into one easy-to-
understand analysis
6. THE MARKET
Small Business that utilize
primarily Groupon, Living
Social, and Facebook ads
We will reach then through
looking at current deals and
contacting those that often
utilize these technologies
Emphasize the increase in
efficiency through the use of our
product
Gain exposure by leading small
business workshops through
attending local business groups.
BADJA, AAEP, NHF
Small
Businesses
Mechanic:
Charles Toyota
Entertainer:
Avalon
Entertainment
Seven Locks
Barbershop--
Curious about
groupon
Comedy Club
Stand Up New
York
7. COMMERCIALIZATION
Manufacturing:
We plan on using outside groups
to build version 1
After revenues we plan on hiring a
full time developer
Sales:
Managing Partners
Break Up the country into regions
Set Goals for 10 new users per
person per month
Distribution:
Online user sign up with
telephone support to help with the
registration problems and
questions
Support:
We will continue using development
services to support the first edition
as we get more comfortable with
bugs and fixes
Continue close personal
relationships with clients to help
prevent loss of the early adopters
Marketing:
Managed by partners
Each will come up with workshop
plans
Move from standard marketing
approach
Workshops
Incentives
Break down the barriers of an online
tool.
9. SOCIAL IMPACT
Helping Small/Local Businesses
Businesses unable to afford high-
technology revenue management
systems
Businesses with low marketing
budgets
Businesses without dedicated
market research and analytics teams
“Small Businesses are The Bread and
Butter of Our Economy”
Small Businesses are finding it
increasingly difficult to compete
Difficulty to price comparably to that of
large online retailers (i.e Amazon)
Less targeted advertising campaigns
Less information/data points on
customers
Growth of “Apps” making Mom and Pop
stores less accesible
10. SOCIAL IMPACT
Increased Profitability
Real-time data/analytics on how
profitable individual campaigns are
Businesses can compare success of
different campaigns
Allows for better structuring individual
deals to ensure enhanced profitability
Competitive Intelligence
Data on competitors allows for better
structuring competitive deals
Customer Loyalty Metrics
Ability to quantify customer loyalty
patterns from individual deals
11. TEAM COMPOSITION
Business Leads Technical Leads
Sam Neumark
Small business network
Research lead
Team lead
Vince Bellitti
Strong leadership experience
Business strategy and
implementation
College Park small businesses
Craig Schindler
EE Major
Technically savvy – Technical
Manager
Gideon Popkin
CS Major
Experienced programmer
12. MENTORS/ADVISERS
Jesse Leikin
Hinman CEO Alumnus
ParkPlace
Daniel Wiener
Associate at LivingSocial
Small business owners
14. EXECUTIVE SUMMARY
Deal Wizard is an online application targeted at small business owners, which helps them
better understand online marketing. While the term “online marketing” encompasses quite a
few areas, Deal Wizard would initially focus on the daily deal aspect of marketing, such as
offering deals with sites like Groupon and Living Social.
Many small businesses run the same deal on multiple daily deal websites. This creates a
problem for the small business owner – it is difficult to understand the performance of the daily
deals when there are multiple deals spread out across multiple sites. These daily deal sites
offer their own internal analytics for merchants, but only for the deal being run on that specific
site. This is where Deal Wizard comes in – the software will read analytics from multiple daily
deal sites and present it to the small business owner in one easy-to-read document. This way,
the merchant only has to look in one place to see how all his daily deals are selling.
Deal Wizard also helps the small business owner optimize the deal itself. All daily deals
operate by offering a significant discount to the consumer, usually over fifty percent from the
normal price. However, there is a fine line between a well-designed deal that will result in a net
profit for the business, and a poorly designed deal that inadvertently causes huge losses. Deal
Wizard will help the small business owner understand where exactly that line is, allowing him
to maximize profits.