Sell it inc. company overview (english) 140827

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Sell it inc. company overview (english) 140827

  1. 1. Copyright © 2014 Sell it Inc., All Rights Reserved.
  2. 2. 2003 I was in high school… 2013 10 years later, after failing at my second startup…
  3. 3. Inconvenience The Problem We Are Solving The reason most people give up selling their used goods is inconvenience Trust Trust is not guaranteed in a normal P2P sale Suboptimal Price Asymmetric information and lack of market data means seller does not get highest price
  4. 4. Seller Buyer A new kind of commerce platform which sells your used goods for you. Re-commerce = Re-Sale E-commerce Manages entire process The Solution: Re-commerce
  5. 5. Sell it! is the easiest and the fastest way to sell used consumer electronics. Selling used goods is an inconvenient and complicated process Sell it! intends to disrupt this process through information technology and through innovating the retail and distribution system The Solution: Re-commerce
  6. 6. [VIDEO] Service Introduction
  7. 7. Choose the category of item you wish to sell Select the model Check the condition of the item User Experience: Selling
  8. 8. Sell it! proposes a price for the item (excluding shipping and handling fee) Money is transferred to the user’s specified account User Experience: Selling
  9. 9. Follow what you want to buy If you follow a particular item, you will be sent a push notification when one is available for purchase User Experience: Buying
  10. 10. Shipping & Handling User Experience We send you a shipping box and reservation code – just put your item in the box, and off it goes! Direct Deposit to Your Account We quickly deposit the sales amount into the account you specify, through direct deposit! We Guarantee the Sale We guarantee the sale. If your item does not sell to another buyer within 2 weeks, we buy it!
  11. 11. Sell it! earns a 10% commission on each product sale. $20 Average Commission Average sales price of $200 (smartphone, tablet, laptop) $36,000 Monthly Sales (July) 37% month-over-month growth Business Model
  12. 12. LOW User Experience HIGH User Experience HIGH Trust LOW Trust Positioning
  13. 13. China and Southeast Asia are the largest markets for smart device sales 2013 Smart Phone Unit Sales 400M 110M 32M Source: Strategy Analytics Arbitrage Strategy
  14. 14. Price of used Korea-made smart devices in China and Southeast Asia is on average 225% higher than in Korea 316% 186% 171% Price Comparison by Country 190,000 60,000 560,000 300,000 1,200,000 700,000 Galaxy S2 Galaxy Note 10.1 Samsung Series 9 Opportunity to sell Korean devices in China/Southeast Asia Arbitrage Strategy Source: Choongo Nara, 85.com, Craigslist Korea China SE Asia
  15. 15. 1. Web Crawling by Country 2. Price Database product_id time country Product_name Price 1 2014.1.14. 14:23 SG Galaxy S3 170,000 2 2014.1.12.12:22 CN Galaxy S4 240,000 3 2014.1.11.19:24 CN Galaxy Note1 85,000 3. Price Modeling 4. Derive Export Price 5. Forecast Future Prices Web crawling in China, Singapore, etc. / 58.com, Craigslist.sg Crawling data : Date, Country, Model, Price Shipping, handling, FX rate, tariffs used to calculate optimal sales price Profit maximization through smart pricing engine Arbitrage Strategy: Smart Pricing Engine
  16. 16. HQ Hong Kong Singapore Singapore and HongKong will act as a base for expansion throughout Asia No. 1 Re-commerce platform of Asia Arbitrage Strategy
  17. 17. Year Date Milestone 2013 Aug 31 Launched android App Sept 3 1st Product registered Sept 11 Launched iOS App Oct 1 Over 100 products registered 2014 Jan 11 Selected as Google Play Recommended App Feb 10 Over 1,700 products registered Feb 17 Established Sell it Inc. Feb 20 Received seed funding from TheVentures Co July 30 Monthly sales over $36,000 Milestones
  18. 18. 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2013.9 2013.10 2013.11 2013.12 2014.1 2014.2 2014.3 2014.4 2014.5 2014.6 2014.7 Average monthly growth rate of sales is 37% as of June, 2014 Registered goods Sales Milestones USD
  19. 19. Year Date Milestone 2014 Dec Ready for service in Singapore Mobile/Web Service Logistics, Partnership, Tax, etc. 2015 Feb Establish Corporation in Singapore Mar Begin Marketing Apr Beta Test Jun Launch Version 1.0 Overseas Expansion Plan
  20. 20. 1.Partnership for co-work and developing Southeast Asia Re-commerce Market Sales Platform Payment Platform Logistics Company Overseas Expansion Plan: Next Steps 2.Investment (Series A Round)
  21. 21. Deahyun Kim Operating used goods Naver community, 8 years E-commerce CEO, 1 year Chulwoo Kim, CPO & Designer Start-up Product manager, 2 years Jihoon Jeon, iOS Engineer Co-founder Programming, 8 years Smilegate Inc. , 3 years Hoon Kang, Web & Server Engineer Programming, 10 years Viki Web front & server programming Jungdae Kim, Android Engineer Co-founder Programming, 8 years Lotto Inc, Easyworks Universe Inc Changseong Ho Co-founder of TheVentures and Vingle Co-founder of Viki (Acquired by Rakuten , 2013) Jiwon Moon Co-founder of The Ventures and Vingle Founder of Viki (Acquired by Rakuten , 2013) Team Investment Advisors Our Team And join confirmed Data Marketer Global Manager from Singapore biggest e-commerce company
  22. 22. We are the best experience for selling used consumer electronics Vision
  23. 23. THANK YOU. Daehyun Chris Kim / CEO & Co-founder M. 010-9969-7184 E. dhkim@withsellit.com F. facebook.com/withsellit

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