AI Generated Business Plan
Here is your Startup Idea
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Smart Shopper
Smart Shopper is the best way to find the best deals on products you need.
- Industry
- technology
- Product Type
- physical
- Problem
- High prices of goods in local stores are not affordable to most consumers in developing countries.
- Market Size & User Personas
- Middle-income consumers in China, India, Brazil and Mexico.
- Solution
- A mobile app that collects product prices from local stores and compares them to online shops in order to find the best deal for the user.
- MVP Features
- Ability to scan barcodes at local stores, price comparison feature, social sharing options, gamification elements within the app.
- Implementation Details
- The app will be built on a scalable architecture and use a secure payment system.
- Value Proposition
- Saving money by comparing prices and finding the best deals.
- Pain Points to Solve
- High prices, limited availability of goods and uncertain quality of goods.
- Sales & Marketing Channels
- Direct mail, email marketing, social media campaigns, in-store promotions, meetups and word of mouth.
- Revenue Stream Sources
- Subscription fees, advertising, and commissions.
- Cost Structures
- Development costs, hosting costs, marketing costs, personnel cost, and support costs.
- Key Activities
- Product development, marketing and promotion, customer service.
- Key Resources
- Software engineers, product managers, designer, marketers, customer support staff, legal advisors.
- Key Partners
- Online retailers, manufacturers, distributors, and local stores.
- Competition Landscape
- Competition in the retail market is fierce, but the app stands out because of its unique features.
- Competition Advantage
- The app offers the most user-friendly experience and the most price comparisons in the industry.
- Idea Validation Steps
- Market research, customer interviews, development of prototypes, user testing, pricing strategy, marketing campaigns.
- Potential Business Challenges
- Competition, disruptive technologies, and lack of consumer trust in the new platform.