David Johnson

New Orleans, LA (USA)
Role(s):
Other

Bizzster.com

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Location: New Orleans
Industry: Technology/Web
Year Founded: 2009
Number Employees: 1-10 people
Business Stage: Growth (not profitable)
Entity Type: Limited Liability Company
Description: (URL removed) is a collaborative social networking innovation that facilitates business relationship building and real-time management of evolving or steady-state engagements between individual consumers, business buyers, and sellers of services. SUMMARY: (URL removed) is a Buyer & Seller of Services Exchange operating in the Business Relationship Management (BRM) space. Bizzster delivers sourcing, business critical intelligence, and risk avoidance functionality for consumer and business buyers and sellers as well as streamlining the efforts for sole proprietors, commercial & industrial service suppliers to demonstrate their qualifications and capabilities to existing and prospective clients. CUSTOMER PROBLEM: Consumers and business buyers take a risk each time they hire a service provider while qualified service suppliers struggle to demonstrate their capabilities and competencies in a crowded marketplace. Most buyer > < service seller solutions are scattered among countless providers, business intelligence retailers, and compliance platforms. This market reality force buyers & service suppliers to operate in a largely fractured business environment, relying often on outdated business information, irrelevant or subjective customer feedback systems, and incompatible or non-integrable technology platforms to make informed business decisions. PRODUCTS & SERVICES: (1) assisting engagements between buyers and sellers (2) providing access to business critical information about buyers and sellers, and (3) delivering software solutions that solve technical issues between buyers and sellers, which are vital in building trustful & profitable business relationships. MARKET DEMOGRAPHICS: United States (a) 125 Million Consumer Buyers of Services, (b) 12 Million Business Buyers and Sellers of Vendor, Contractor, and Third Party Services. CONCEPT, BUSINESS MODEL, & ADVISORY TEAM: Bizzster's development, associate, and advisory team combines 350 years of executive and corporate level business, sales, marketing & advertising, technology, and operational experience to create a diverse, responsible, and capable team. TARGET MARKETS: Individual Consumer User Groups (e.g., (1) Physical Services - Home Repair / Renovation / Maintenance, etc, (2) Professional Services - Insurance, Legal, Engineering, Accounting, etc.)Commercial & Industrial User Groups (e.g. Mining, Utilities, Construction, Manufacturing, Transportation, Information, Telecommunications, Real Estate, Professional, Administrative, Education, Health Care, Arts Entertainment, Accommodations & Food, etc.) SALES & MARKETING STRATEGY: Integrated internet marketing and mass advertising efforts combined with direct sales programs i.e. (a) Affinity Partnerships with multiple associations / organizations creating cross advertising & cross-link opportunities (b) Affiliate partnerships with business intelligence suppliers via co-marketing/branding opportunities. POTENTIAL COMPETITORS1: (1) Online Business Directories, (2) Contractor Sourcing & Referral Services, (3) Contractor Lead Generation & Referral Services, (4) Third Party Qualification Validation / Management Services, (5) Third Party Regulatory Compliance Auditing Services, (6) Third Party Contractor Training Services, (7) Business Intelligence – Business Research & Sales Lead Generation, (8) Business Intelligence Resellers PROOF OF CONCEPT: Market research, experience, academic & business studies, and the legacy business model & enterprise technology platform were validated in an extensive pilot program, which quantifies the new (URL removed) business model. PILOT PROGRAM: 33 months in the US, Canada, and Australia markets SUBSCRIPTION UNIT SALES: 4500 corporate sales (9000 seat licenses) TECHNOLOGY ADOPTION : 87% annual subscription renewal rate (3 successive renewal cycles) REVENUE: $2m gross (subscription revenue only) COMPETITIVE ADVANTAGE: Bizzster employs innovation, product differentiation, and cost strategies to create the ‘consensus’ Buyer / Service Seller Relationship Management solution. 25 years of subject matter expertise & direct domain experience in buyer / service supplier space allows Bizzster to launch a disruptive solution on a globally scalable technology platform. Low technology adoption and low barrier to entry sets up Bizzster to minimize all perceived competitors & dominate the undeveloped BRM market space.