MyWorldWall is a free social networking services through its website, www. myworldwall.com. It is a user-friendly and fun. Our users will have a lot of options to learn more and entertained at the same time. Our main feature are Cultural values, Interests, Registry, and Stories and experiences. The goal is to create a platform where self expression ,cultural values and diversity are encourage regardless of races, religion or ethnic background.
Capstone slidedeck for my capstone final edition.pdf
Myworldwall presentation
1. MYWORLDWALL SOCIAL MEDIA
NETWORKING
1)MISSION STATEMENT 2)CONCEPT OVERVIEW, 3)MARKET STUDIES&STRATEGY
4)TIMELINES 5)FINANCIAL ASSUMPTIONS. 6) TEAM TRAINING PROGRAM 7)
QUESTIONS & ANSWERS
2. 1)VISION & MISSION STATEMENT
Myworldwall vision is to create a platform where self-
expression, cultural values and diversity are encouraged
regardless of races, ethnic background or religion.
Myworldwall wants to break mental barriers and myths
about cultures and eradicate ethnocentrism. By its
mission, Myworldwall wants to educate, promote and
encourage cultural differences throughout a world of
inter and intra-cultural understanding, acceptance and
tolerance.
3. 2)CONCEPT OVERVIEW(Website
Demo)
FEATURES
Cultural Values: A user can post pictures, videos related to a
specific culture by selecting a continent and a country.
Stories and Experiences: A user can post by video or write story
and experience that corresponds to funny/inspiring/recommended
categories.
Interests: A user can subscribe at free and select its category of
interests by county, state, nationwide and worldwide.
Registry: A user can create dots of families, relatives or most
precious substantial things of its lifetime for the next generation.
4. 3) Market Studies & Strategy
18%
31%38%
10%
3%
How interested are you in
Myworldwall?
extremely very moderately slightly not at all
Figure 1
6. 3)Social Media Usage
forecast 2012-2016
0
10
20
30
40
50
60
2012
2013
2014
2015
2016
Minutes/Days
Entreprise Social Media
Services
Figure3
7. Ground & Online marketing strategy
The ground strategy to penetrate the market is to organize forums at
different schools and Universities (Georgia Perimeter College, Georgia
State University and Georgia Institute of Technology…) to explain the
concept of Myworldwall and reach out to the target audience. Research on
FindTheBest website shows that, the total number of students enrolled at
Georgia Institute of Technology, Georgia State, and Georgia Perimeter
(2012-2013) is 80,000.Through the Forums, Myworldwall plans to reach
10% of this target audience. Word of mouth advertising will enhance from
these students. Schools’ Data obtained from findthebest.com
The online strategy is simply to make an effective web presence through
the current social medias.
8. 4)TIMELINES
2014- 2016: Cultural Values, forums, apps development, cultural events, selling
ads and R&D.
2017-2018: Stories and Experiences , Entertainment production ,
selling ads and R&D.
2019-2020: Interests, contests, selling ads and R&D
2021- Registry, selling ads and R&D
9. Services
wn profile, profile management Own profile, profile management
nline chatting, Group chat Online chatting, Group chat
nline gamming Online gamming
mail Email
vertisements Advertisements
10. Why does Myworldwall different from others?
****Authentic cultural contents
Unique feature over other social sites where participants share cultural contents
such as history, nature, religions and color of life happiness and sadness. This
is virtual family over internet.
11. 1)List My Star-up (LMS) overview, 2)Advertising revenue stream, 3)Initial &
return of investment.
5)Financial Assumptions
12. 1) List My start (LMS DEMO)
Advertising service is more focused on small businesses that target and
provides services to a specific audience based on culture such as
restaurants, nights clubs, raves, shopping center. Myworldwall will take
on the task to name and list all businesses on its page according to the
users post, interests and location.
Starting with Atlanta and its surroundings, businesses’ names and
services will be listed on our website when our users show an interest in
products or services they provide.. Myworldwall thus offers to small
business the opportunity to grow their business through our social
network. This is the game changer for business for businesses; placing
your name out there when the users probably need it the most is a great
13. 2) Advertising revenue Stream
With over 677,700 Registered ventures in Georgia, 97.5% are categorized
as small businesses with less than 500 employees, by the Federal
government. Small businesses with less than 5 employees represent 87%
according to “entrepreneur & small business quick facts.” With that target in
mind and over 589,000 of that business, Myworldwall plan to reach 4% of
small businesses in the LMS program and 1.5% of businesses in general
advertising in Georgia by December 2015.
Pricing (LMS ads fee:) $20/month x 100
4
19. 6)Team Training Program(TTP)
Short term : Evaluation of all staff to confirm existing competences and detect
the weaknesses to be redressed.
Mid-Term: Design a thorough training program that takes into account a
company culture.
Long-Term : Put in place an evaluation system to determine the skills required
for every employee to perform to the best of his or her ability. Provide in a
timely manner the training required to keep up with the fast growing and
changing industry in the domain of activity we are in, otherwise we will
disappear.
Georgia State University, Georgia Technical College, Georgia Perimeter College
Myworldwall conducted a survey to reach out to potential users and obtain feedbacks on the different features we offer. Hundreds of sample surveys were filled out by students via University email system and random individuals on the street. The responses from the survey were very promising with high ratings given to our services. Overall, people are very interested in the concept of Myworldwall and showed a genuine interest in discovering and learning about different cultures from first-hand experiences.
www.Facebook.com/myworldwall
See Insights
Since the creation of Geocities, the first social network, in 1994, this industry has rapidly expanded with the emergence of popular network such as Hi5, MySpace, Twitter, and of course Facebook. The percentage of people using these websites is also increasing each year, causing a shift in people’s behavior, which now interacts more online than offline.
It is a fact, however, that the market is growing with the increase of internet users, meaning that now is the best time to grab a share of this market by seducing the already existing and new users with innovative ideas. The social networks are evolving, being influenced by an increased usage by the consumers. While consumers spent an average of 40 minutes per day on social media sites in the past years, this number rose to 43 minutes in 2013 and is expected to be 55 minutes in 2016. The diversification of the services offered is one of the reasons for this rise. With the increasing popularity of apps, video conversations, and mobile social networks, trends in consumers’ preferences are changing. There is a higher demand due to the easiness of connecting to others anywhere, anytime.
Sara Radicati (2012
Other Marketing points Cultural Shock events, Trip advisor, Forums
When is the next milestone?
What are the expected deliverables?
Known risks and issues
What is the investigation timeline for these issues?
What are the immediate next steps?
Video Profile, access online radio streaming by country.
Multi language Messaging software.
Without including Stories and Experiences, Interests and Registry Myworldwall is innovating the social media.
New system of advertising.
With over 5 million small businesses in USA and the increase in entrepreneurship, Myworldwall find it genius to be able to help all small businesses grow not only in the US but worldwide.
Extension to others cities
Initial Investment 1 million dollars.
As a new social network company, we expect high technology costs to run the website, including IT department salaries, servers, and other computer expenses. Thus, the first and second years’ profit will be negative, as revenue will cover the operating expenses. On the long run however, profit will be positive, as revenues will be large enough to cover the expenses.
First Five years of operations.
Dividends 40%
Our company will reach the break-even in two years.
HUMAN RESSOURCES OUTLINE.
Carrier fairs.
Let’s take an adventure together with Myworldwall .