1. I am Jorge Spinatto, I possess a particular skill set that makes me a valuable person to any company. I fly airplanes for a living and I believe this business idea will take off. I see this business going mainstream and if done correctly we will be doing numbers like Netflix.
2. In the simplest form what I am offering the customers are movies and show suggestions. The app we are developing will make suggestions to our customers via a learning algorithm.
3. We are offering this product to all and every consumer who already uses Netflix and Hulu. This would even branch out to the individuals who have left these platforms because they couldn't find anything to watch. Our service could attract them back. Primarily our customer target age would be anywhere from 5+ to 30. All my customers love to watch movies and shows but fall victim to the plethora of content to watch on these platforms.
4. The customers will not have to pay for the services we provide, we will have a business plan similar to Facebook. We will offer our services for free and let word of mouth take the company to new heights. Once the company creates enough traffic will introduce ads, just like YouTube and Facebook have. The customer will use our platform since it will be free and help them with finding a show or movie. Nothing grabs consumers' attention than free.
5. What sets us apart from anyone else is we would be the first ones, we would create a new industry. The Tinder of movies and shows.
Overall I think that these points work hand in hand with each other and only makes me think that our business idea is a solid one. The word of mouth for our target age will attract a lot of attention and since the app is free and only makes revenue via ads it will be perfect for the volume we are trying to achieve and match up with those of Netflix users. We are indeed one of a kind company and will create a new industry.
I really like your idea in part 4. It seems counterintuitive for companies to do this but it ends up working in their favor. I can think of the free to play games that have successfully done this too. How will your company create enough traffic? This might be difficult if there is not any source of revenue at first.
ReplyDeleteHey Jorge, I find it really cool that you are able to fly a plane, and do it for a living (also nice pun). I think making your revenue from ads is a great idea as people would be more likely to use a free service, which would result in more ad revenue. I like how you describe the service as the Tinder of movies and shows.
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