Bryce Anderson
Westerville, OH (USA)
Role(s):
Founder/Owner/Principal
We-Dot.com
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Startup
Location:
Westerville
Industry:
Internet
Year Founded:
2010
Number Employees:
1-10 people
Description:
(URL removed) will offer members the ability to purchase and give event cards to Friends, Family and Acquaintances (F.F.A). (URL removed) will automatically remember to send event cards/gift cards to anyone they select year after year. Once the customer becomes a member, they will literally never have to come back to the web site to change cards or gift cards again. There are a few companies which you will read about that are making an attempt to perform some similar processes. However, they are not offering our key capabilities or our focus.
The Owners of (URL removed) strongly believe based on the below business plan, that there is a real opportunity to become one of the first companies to change the way people remember special moments and how they send event cards and gifts to their friends, family and acquaintances. Based on the research we have conducted, we feel the market is ready for our business model which will offer our members a revolutionary way to extend their love, caring thoughts and memories to all of their loved ones!
(URL removed) Objectives:
1. A net profit margin of 14.7% in year one, 28.2% net profit margin in year two and 35.2% profit margin in year 3.
2. To retain between 70-80% of all memberships from year one through year 3.
3. To achieve a deliver accuracy rate of 99.5%
4. Provide a revolutionary way to remember important events.
5. Redefine how America buys event cards.
6. To be debt free by end of year 3.
o Estimated return on investment:
o Option 1. The owners of (URL removed) are prepared to offer a up to a 20% return on any potential investors initial amount. This will be paid after 18 months from the opening of the business. This will be paid to the investor in one lump sum.
o Option 2. The owners of (URL removed) are prepared to offer up to 24% of the Net profit on an annual basis depending on the amount invested. The owners of (URL removed) reserve the right to purchase these shares of Net profits back from the investors after the 2nd year from initial launch of the business. (URL removed) has the option extend this buy back to year 3 if the investor is called upon to invest additional funds anytime within the first 2 years. All Net profit returns will be purchased from investors by end of year 3.
o Exit strategy for investors: (URL removed) offers any potential investor the ability to exit the business after 2 years, no later than the 3rd year. The owners will buy back the shares of the profits at the year ending net profit value. This will not exceed the 24% net profit that was distributed to the investor at the launch of the business.