Current Market Scenario Existing E-commerce Ventures Focusing only on selling To known shipping addresses only No gift aggregation possible General Market Conditions Don’t know what to gift We gift what we have extra We end up receiving the same gift (3-4 Juicers)
With Getmygifts.com a sender Need to be a member of GMG Need to know only email id, facebook id, twitter @ or anything similar of the receiver. Can send gifts even anonymously. Can cancel the gifts he has sent to others. Can be assured that the receiver is happy with the thing she want. Can make an option to make the gift un-
With Getmygifts.com aReceiver Need not be a member to receive gifts but need to provide address to receive the gifts. Need to be a member to manage (convert, upgrade, transfer) the gift. Will get choice in email to accept, reject or convert the gifts to GMG cash. GMG cash can be used to purchase gifts. Member can schedule, convert, cancel
Other Features Gifts Aggregation – Many people can aggregate together to send a big gift to the receiver. The gift could either be her’s wish list or some suggestion. Gifts Management - The receiver can manage the gifts to arrive at a future time, can upgrade to better version or even transfer to another person. Can also be used in B2C transactions. A winner in a scheme can manage the gift she got to the gift she wants. Either it could be transferrable or upgradable.
Few Examples Your boss is getting married. All the associates get together and gift a trip to Singapore. But it may turn out that your boss’s husband already had booked a trip for Mauritius. So what they can do with the other trip?. With GMG they can schedule the trip to future. A person won a Maruti Wagon R Car in a scheme by a Company. But she is more interested in getting Maruti Swift Dzire. With GMG, the company can make the gift non-convertible and non-transferrable but it can be upgradable. So now she can upgrade to MS D’zire. A company want to gift a demo item to one of the visitors at their stall. By only having their email id, they can send the gift to her. Again she has choice to accept or reject the gift.
Money We will be making money by Commission on each gifts (est. 5%-20%) Rejection of gifts by Receiver Cancellation of Gifts by Sender Conversion to GMG cash Upgrading gifts (from company) Interest Income