2. Brief Introduction:
Welcome to Easybid !!!! We are one stop source for all your
electronic product needs. We deal with electronic
components, systems, subsystems, educational kits, test and
measuring instruments, EDA tools etc.
Easybid was founded by a group of Internet entrepreneurs to help
electronic component buyers easily locate the best deals from the
best catalog supplier for each particular request.
Our team of experts analyze the various suppliers sites based on a
number of strict criteria and only include companies that are truly
offering great service and value to customers
3. • These are then sorted according to the likelihood that they will offer the
best buying options for that particular request.
The top 2 to 3 options are highlighted for the user but the entire universe
of eligible sellers is also made available.
The goal of Easybid is to be the trusted source of the best sourcing
information for consumers regardless of the Electronic products they are
looking at.
• WHY WE NEED TO BUY FROM EASY BID ?
• The answer is very simple. We are a search engine for all leading suppliers
of electronics components in the world. Just type the part number and we
search for you the best price and place to buy the items. Be assured for
genuine product with best price and place to buy !!!
• WHY NOT GIVE US A TRY????
4. Face to Face Customer Interviews
• Yes it looks good and what i understand is that with one click i can
get the best price details along with delivery schedule from
various sources. It makes my life simple by not wasting my time
searching in many websites. We buy over US$12mn electronic
components in a year and is growing at the rate of 30% per year.
------------------ Scientist Defence Lab
• One innovative website which gives me all technical details of Test
equipments and tools at one place. Comparing of various quotes
at one place is really awesome . We purchase US$20Mn per
annum of Test instruments for our projects -----------Team Leader
, Embedded testing, Global engineering company
5. • Being in a Government sector I would prefer to get a quick
online quote generated from your website with all terms
and conditions and pricing from various vendors. We need
a Paper quote and cannot buy online. We may also need
other payment terms than buying through pay pal or credit
card etc .We being a Production company our purchase of
electronic components would be to the tune of US$20mn
per year.------------------------------------- General
Manager, Purchase, Govt
• We being an SME company we liked the concept very well
and shall place the orders soon. We buy around US$2mn
per year of components and systems ----------Purchase
Manager – SME company
6. • Buying will become so easy with your website.
The concept is very much appreciated. We will
use your website for our electronics purchasing
needs very soon.
---------Procurement executive, UMC LTD
• Nothing much new concept wise but we did not
find such website till date for electronic products
sourcing. We will be your customers soon.
----------- Dean, Military College
7. Market Size Analysis
Market Size for Electronic
components, systems, subsystems By Segment
Government
Private
Research
others
8.
9. Market Size
• It is clear from data that india imports around US$75B in 2012 with
consumer electronics being the major share. This is a clear ISSUE
for india but there lies the OPPORTUNITY.
• Electronic components, Systems and subsystems, T&M equipments
which are distributed through catalog manufactures and other
distributors will be around US$3Bn going by most conservative
figures. Expected to grow to US$15B by 2020.
• Electronics catalog suppliers have market around US$900mn .
• We intent to project around 6% of this share through our website
which would be US$55mn in first year of sales.
• Even with 2% to 3% commission we can have over US$1mn to
US$1.5mn revenue for our start up company in the first year.
• Expect the company revenues to grow to US$10mn in 3 yrs with
current market growth and with additional value added services.
10. Survey
• The face to face with customers revealed the following
interesting facts. We have covered all the segments of
potential customers like
Government, Defence, Public, Pvt, SME, Education and
Global Engineering companies:
a) There is a huge demand for electronic
components, systems and subsystems in India and is
expected to grow very fast.
b) Customers are preferring for competitive quotes when
they purchase electronic components and are not just
buying from where ever it is available.
c) Survey also was helpful in knowing what exactly the
customers are looking for and what were the short falls in
our project.
12. LESSONS LEARNED:
• Catalog companies only work online. Meeting the
customers personally gives additional advantage.
• A quick quote that is generated through online
for the best price availability will solve the issues
with Government customers as they need paper
quote.
• Additional features like technical data
sheets, quick comparison of products with other
brands will be really handy for the customers.
