Adclassify is an online classifieds website where any user can post ads either by free listing or a paid one which improves product visibility, the user has the choice to either choose free listing or the paid one depending upon his needs.
Adclassify is an online classifieds website where any user can post ads either by free listing or a paid one which improves product visibility, the user has the choice to either choose free listing or the paid one depending upon his own need.
It also provides the user to browse through ads posted by sellers and contact them either by email or phone which improves credibility. Not only individuals, a large focus is also done on the other important segment such as companies/institutions in addition to individuals.
This business plan is prepared to obtain financing to the tune of $1 million. The supplemental financing ($0.10 million) is required to begin work on site preparation and modifications, Marketing, equipment purchases, and to cover expenses in the first year of operations. The financing required includes expenses to support operations until revenues reaches stability. Annual gross sales are projected to grow from $0.10 million in the 2nd year of operation to over $1 million by end of third year; the revenue is approximately made up of 10% from customer paid posts. These Sales forecasts are approximately three-quarters the average that is benchmarked all over the world. Net profits are expected to be at 6% through 2011, with reinvestment of 5% for growth initiatives.
Market Overview & Opportunity in Mobile Classifieds
In India out of 1.1 billion population and 88 million active Internet users in 2010, in which 35 million users are looking to either buy or sell their product using search based content through internet which provides trusted spam free content. There are 5.3 billion mobile subscribers (that's 77 percent of the world population). Growth is led by China and India.Half a billion people accessed mobile Internet worldwide in 2009. Usage is expected to double within five years as mobile overtakes the PC as the most popular way to get on the Web. In which 20% mobile users are looking to either buy or sell their product.
The management team for Adclassify is a diverse group with strong skills in technology, marketing and sales, finance and operations. Our management team combines the experiences of executives and an advisory board with extensive backgrounds in managing and developing successful businesses within the Internet industry.
Although Classifieds are very prevalent, the advantages provided by hassle free posting, visibility, and buyer-seller interaction and the large demand for classifieds in India, makes this an attractive investment.
Interested investors can contact us on Merar for more information.