Jason Hejna
Kalamazoo, MI (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Virtual Retail Solutions
Find More Startups
Startup
Location:
Kalamazoo
Industry:
Software
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Not Incorporated
Description:
We take panoramic images in retail stores and create a link overlaid on each panoramic image which references dynamic information, and pulls data from existing inventory servers onto our users Android OS Smart phones or iphone. Our goal is to make every product in large retail stores digital. So we can provide a list of the products they have bought over a lifetime. This sweeping data will allow marketers to do product testing in the field for free, and with smarter feedback on buying trends, we can help stores reduce food waste. Additionally, we can eliminate bar code scanning for our users with software only changes to existing cash-registers. Operating expenditures for 80 changes a day per 100,000 items totals $2,500 a year. While one time implementation costs between $44,000 and $60,000. Our revenue is generated from a 1/2 a percent of each sale we charge stores for each user of our mobile application. This will net between $100k and $250k per store annually if 30% of customers use our application. There are a million ways to add in features and improve our ability to analyse products to help the lives of our users. By providing a digital copy of each users receipts over a lifetime. We can let you can track what you buy, generate meaningful and relevant statistics on that data which are simple to access and understand. To do this we plan to partner with (URL removed) so we can aggregate our data with bank data. As a result we want to help track the effects of our diets on our well-being and overall health. Thats just the beginning of our plans for the data. In an open source model we can drive critical thinking about our habits as consumers and make shoppers smarter, while increasing store efficiency.