IDecideFast – Bidding Business Model
Expanding Bidding Free Model Online Automated Bidding Bulletin Templates Service for bidders Users Bidders accessTraffic drivers such Customer fellow biddersas bidding websites Bidders in online Acquisition Auctions: e.g. Priceline.com Access to bidders 1. Traditional eBay Auction 2. Best Offer eBay 3. Three offers – eBay 4. Name your own price - Priceline Modelers/ Algorithms Bidders in Real Estate: Zillow.com Internet 1. Best Offer Real Estate. Software 2. Haggling – Real Estate. Developers Advertising MKTing/Sales/Admin Companies Software Development People Ads/Coupons Hosting/Infrastructure Sales/initial customer acquisition
1. Traffic 1. Expanding 1.
Social 1. Online self- generators service 1. Decision bulletin templates/Categories networking (keywords from 2. Customer Users 2. Collaborative• Twitter acquisition beyond 2. Advertising decision making college students companies• Ask.Com 3. Rapid feedback 3. Build/operate/ 3. Template Users• Facebook maintain 4. Detailed Updates) solutions for select problems2. (templates)Professional/Student 1. Internet 1. Modelersassociations/LinkedIn 2. Software vendor 3. MKTing/Sales/3. Template Domain Operation/adminExperts personnel1. Software development2. People 1. Advertisement3. Incentives (for initial customer acquisition) 2. Coupons4. Hosting/infrastructure5. Gathering data for templates 3. Template fees6. Survey/questionnaire costs for templates
Here is what we thoughtGeneric
decisions: Collaborative Decision Making (Revenue Streams: Ads/Coupons) + Specified Templates (Revenue Streams: Fee for template use)
Here is what we didWe
GOT OUT OF THE BUILDING again.Main Hypotheses we wanted to test• Would people be willing to blog about their decisions?• Would they be willing to pay for specified solutions?
Pivot Here is what we
learned: Specified Templates (Revenue Model: Free template use) Customer Acquisition for ads Main changes in Business Model From Fee to Free Templates http://nqued.com:8888/