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AVoice




The smart way to wait for an answer!
The Problem: Waiting Time!

    How many times did you wait
    for a friend to answer your call?

    How many times have you
    waited for customer service to
    pickup the phone?

    How long did you endure
    listening to music you hate or
    meaningless recorded
    messages while waiting?
     “Please hold..Your call is very
    important to us”!
The Solution: Avoice..
A service that allows users to choose what to hear
while waiting:
  
      New music albums of favorite singers
  
      Suggestions of nearby attractions, restaurants,
      movies
  
      Exclusive offers and deals
The service is provided through a mobile app
(installed on the user’s phone)
  • with a complementing value-added service (through
    telecommunications company)
Value for the User

    The service is offered for free to the user.

    The user can customize his/her waiting time
    
        Customizable preferences
        which types of ads to listen to, at which times etc.
    
        Intelligent ad selections
        taking current location, time, called number into account

    Exclusive offers and deals
Value for the Advertiser

• Untapped advertising channel
• Highly customizable and targeted
  •   Ads is customized to individual users (unlike TV & radio)
• Highly effective
  •   User hear the ads without distraction from the content
      (unlike the web where most ads go unnoticed).
• Highly competitive pricing
  •   Aside from app development cost, and marketing, there is
      no recurring content cost (unlike TV and Radio)
Avoice in real life (1)


ou call your wife while driving from work to decide
where to go on Friday night. While waiting, Avoice
tells you about an amazing exclusive offer at your
  favourite French restaurant. Your wife answers
 the phone and you suggest the restaurant. She
 commends the choice. Upon finishing your call,
 you say “avoice”. The phone automatically calls
  the restaurant and you make the reservation.
Avoice in real-life (2)


ou call the customer service of your 5 year old car
    to schedule car service. While waiting for
  someone to answer the call, Avoice tells you
  about an exclusive test drive of your next car
 model only this weekend. You decide to give it a
  try. After the customer service call, you open
   Avoice app for more details about the offer.
Revenue

    Primary revenue will be generated from
    advertisers
    
        Potential advertisers include movie distributers,
        restaurants, CD distributers, etc.

    Two alternative models:
    
        Pay per click: every time user clicks a provided URL
    
        Pay per play: every time an ad plays (cheaper)

    Secondary sources of income include
    
        Premium services for users
    
        Commission from partner referrals (audio studios)
Preliminary Market Analysis
• We conducted preliminary face-to-face survey
  with 12 users where we discussed the main
  idea of avoice
• This resulted in revising our business model in
  a number of ways, including
  • Focus on movies, songs, and offers
    Initially we considered general ads (e.g. cokecola)
  • Ads not to introduce any delay in calls
    Initially we considered offering free minutes if users accept
    hearing an ad before placing a call
Technical Analysis
•   Avoice service is provided as
    mobile app. Android will be our
    first platform due to its market
    share, growth, and open source
    availability
    •   Current Andoid technology supports
        monitoring outgoing phone calls
•   Complementary service is                 Android Growth
    provided through ring-back-tones,
    via profit sharing with telecom
    companies (confirmed through our
    contact with du, one of the main
    service providers in UAE).
Market Segment
• Source: International     6 billion Mobile devices
  Telecommunication 
  Union (November            2 billion Smartphones
  2011) and 
  mobithinking.com 
  (May 2012)               1.2 billion Android phones
• The computation of             0.6 billion Android 
  the dollar market              with Internet
  value was done 
  using the survey         Our market share
  (explained later)        $25
                           million/day
In-depth Market Analysis
• We conducted more detailed on-line surveys
  from 43 users to test our main assumptions.
• We focus here on the two most important
  hypotheses:
  • Demand
    How many people would be interested in such service
  • Market Segment
    How big is our revenue from advertising, given the limited
    window of waiting time
Hypothesis 1: Demand

•   Of the 43 survey participants,
    only 15 (about 34%) indicated
    that they will not be interested
    in hearing anything other than
    the beep.
    •   Of the 0.6 billion Android users
        with Internet access, our potential
        market is 0.64 * 0.6 =
        0.4 billion users
•   The highest demand was for
    local events and weekend
    activities
    •   Avoice is particularly suited for
        geomarketing
Hypothesis 2: Market segment
• The market segment depends on the
  percentage of calls that the person waits long
  enough for an ad to be played.
• In the survey, we collected:
  •    how many missed calls a person gets
  •    how long a person is willing to wait for an answer.
• Combining both questions, reflects the average
  waiting time.
Hypothesis 2: Market segment
                    (cont.)
•   On average a person makes/receives
    8 mobile calls per day.
•   More than 80% of callers wait for 3
    beeps or more (enough for at least
    one ad).
•   Combining both statistics, a person
    can hear > 8 * 0.8 = 6.4 voice ad per
    day.
•   With 0.4 potential users (slide 13),
    there is potentially 0.4*6.4= 2.5 billion
    ads to be played per day.
•   With only 1 cents an ad, the potential
    revenue is 25 million dollars a day.
Conclusion
• Avoice is a service that allows a mobile caller to
  control what to hear while waiting for an answer
• Unlike TV and Radio, Avoice ads are
  customized, targeted, and cheap
• Unlike the web, Avoice ads are highly effective
• The potential market share is $25 million per
  day

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Selling+pitch 4

  • 1. AVoice The smart way to wait for an answer!
  • 2. The Problem: Waiting Time!  How many times did you wait for a friend to answer your call?  How many times have you waited for customer service to pickup the phone?  How long did you endure listening to music you hate or meaningless recorded messages while waiting? “Please hold..Your call is very important to us”!
  • 3. The Solution: Avoice.. A service that allows users to choose what to hear while waiting:  New music albums of favorite singers  Suggestions of nearby attractions, restaurants, movies  Exclusive offers and deals The service is provided through a mobile app (installed on the user’s phone) • with a complementing value-added service (through telecommunications company)
  • 4. Value for the User  The service is offered for free to the user.  The user can customize his/her waiting time  Customizable preferences which types of ads to listen to, at which times etc.  Intelligent ad selections taking current location, time, called number into account  Exclusive offers and deals
  • 5. Value for the Advertiser • Untapped advertising channel • Highly customizable and targeted • Ads is customized to individual users (unlike TV & radio) • Highly effective • User hear the ads without distraction from the content (unlike the web where most ads go unnoticed). • Highly competitive pricing • Aside from app development cost, and marketing, there is no recurring content cost (unlike TV and Radio)
  • 6. Avoice in real life (1) ou call your wife while driving from work to decide where to go on Friday night. While waiting, Avoice tells you about an amazing exclusive offer at your favourite French restaurant. Your wife answers the phone and you suggest the restaurant. She commends the choice. Upon finishing your call, you say “avoice”. The phone automatically calls the restaurant and you make the reservation.
  • 7. Avoice in real-life (2) ou call the customer service of your 5 year old car to schedule car service. While waiting for someone to answer the call, Avoice tells you about an exclusive test drive of your next car model only this weekend. You decide to give it a try. After the customer service call, you open Avoice app for more details about the offer.
  • 8. Revenue  Primary revenue will be generated from advertisers  Potential advertisers include movie distributers, restaurants, CD distributers, etc.  Two alternative models:  Pay per click: every time user clicks a provided URL  Pay per play: every time an ad plays (cheaper)  Secondary sources of income include  Premium services for users  Commission from partner referrals (audio studios)
  • 9. Preliminary Market Analysis • We conducted preliminary face-to-face survey with 12 users where we discussed the main idea of avoice • This resulted in revising our business model in a number of ways, including • Focus on movies, songs, and offers Initially we considered general ads (e.g. cokecola) • Ads not to introduce any delay in calls Initially we considered offering free minutes if users accept hearing an ad before placing a call
  • 10. Technical Analysis • Avoice service is provided as mobile app. Android will be our first platform due to its market share, growth, and open source availability • Current Andoid technology supports monitoring outgoing phone calls • Complementary service is Android Growth provided through ring-back-tones, via profit sharing with telecom companies (confirmed through our contact with du, one of the main service providers in UAE).
  • 11. Market Segment • Source: International  6 billion Mobile devices Telecommunication  Union (November  2 billion Smartphones 2011) and  mobithinking.com  (May 2012) 1.2 billion Android phones • The computation of  0.6 billion Android  the dollar market  with Internet value was done  using the survey  Our market share (explained later) $25 million/day
  • 12. In-depth Market Analysis • We conducted more detailed on-line surveys from 43 users to test our main assumptions. • We focus here on the two most important hypotheses: • Demand How many people would be interested in such service • Market Segment How big is our revenue from advertising, given the limited window of waiting time
  • 13. Hypothesis 1: Demand • Of the 43 survey participants, only 15 (about 34%) indicated that they will not be interested in hearing anything other than the beep. • Of the 0.6 billion Android users with Internet access, our potential market is 0.64 * 0.6 = 0.4 billion users • The highest demand was for local events and weekend activities • Avoice is particularly suited for geomarketing
  • 14. Hypothesis 2: Market segment • The market segment depends on the percentage of calls that the person waits long enough for an ad to be played. • In the survey, we collected: • how many missed calls a person gets • how long a person is willing to wait for an answer. • Combining both questions, reflects the average waiting time.
  • 15. Hypothesis 2: Market segment (cont.) • On average a person makes/receives 8 mobile calls per day. • More than 80% of callers wait for 3 beeps or more (enough for at least one ad). • Combining both statistics, a person can hear > 8 * 0.8 = 6.4 voice ad per day. • With 0.4 potential users (slide 13), there is potentially 0.4*6.4= 2.5 billion ads to be played per day. • With only 1 cents an ad, the potential revenue is 25 million dollars a day.
  • 16. Conclusion • Avoice is a service that allows a mobile caller to control what to hear while waiting for an answer • Unlike TV and Radio, Avoice ads are customized, targeted, and cheap • Unlike the web, Avoice ads are highly effective • The potential market share is $25 million per day