Overview:
BizConnect24 is a platform designed to bridge the gap between immigrant business owners and their customers. By providing a dedicated space for these entrepreneurs to showcase their businesses, BizConnect24 enhances visibility and accessibility, ultimately fostering stronger communities and economic growth.
Business Model:
Our primary revenue model is a monthly subscription service for business owners, with tiers ranging from $5 to $25 per month, depending on the features and level of exposure desired. Additionally, we plan to monetize through ad revenue, premium listings, and data-driven insights for larger enterprises and advertisers.
Customers:
Our target customers are immigrant business owners in countries such as Canada, the US, the UK, and Germany. These business owners often struggle with visibility and connecting with their target audience. On the consumer side, our customers are immigrants and local residents looking to support immigrant-owned businesses and access unique products and services.
Products:
BizConnect24 offers a comprehensive platform that includes:
- Business Listings: Detailed profiles for businesses, including descriptions, hours of operation, contact information, and social media links.
- Search and Discovery: Advanced search functionality allowing customers to find businesses based on location, category, and other criteria.
- Reviews and Ratings: Customer feedback to help businesses improve and to guide other customers in their choices.
- Marketing Tools: Tools and resources for business owners to create promotions, engage with customers, and track performance.
Team:
- Thomas Ebere, Founder & CEO: Thomas has 7 years of experience in product management, building, shipping, and scaling software products. He holds a bachelor's in Computer Science and a master's in Electrical Engineering.
- Oscar Waka, Co-Founder & CTO: Oscar has over 7 years of experience as a software engineer and in product operations. He has a background in Electrical Engineering and a master's in Electrical and Computer Engineering.
- Adako Gbemileke, Co-Founder & Chief Product Officer: With experience in Data Science and the financial sector, Leke brings a wealth of knowledge in product strategy and software products. He has a background in Computer Science.
- Feyi Alaka, Co-Founder & Chief Designer: Feyi has a bachelor's in Computer Science and 4 years of experience in design, having designed BizConnect24 from the ground up.
Credentials:
The team boasts a strong mix of technical expertise, product management, and strategic insight, with each member bringing a unique set of skills and experiences to the table.
Market Opportunity:
There are over 44 million immigrants in the US alone, with a significant number owning businesses. Immigrant-owned businesses represent a substantial portion of new business creation, contributing significantly to the economy. By capturing even a small percentage of this market, BizConnect24 has the potential to scale rapidly and achieve substantial revenue growth.
Traction:
We have launched our web application and currently have over 20 businesses registered, with CAD 34,000 already invested by initial investors. Our platform is gaining traction, and we are seeing increasing interest from both business owners and customers.
Unique Value Proposition:
BizConnect24 offers a tailored platform that specifically addresses the visibility and connection challenges faced by immigrant business owners. Unlike broader marketplaces and business directories, our focus on the immigrant community creates a supportive ecosystem that fosters growth and success for these businesses. Our combination of business tools, customer engagement features, and community focus differentiates us from competitors and positions us for rapid adoption and growth.
Our Ask is $200k for Product Development, marketing, and advertisement to achieve the following in 18-24months:
Increase user registration to 30000
Fully expanded all through Canada
Hit a revenue mark of $750k
Increase daily average usage of the application to 8000 users daily