By: Adam Kint

Have you ever had a Problem Choosing a Product?

V.S =

Solution

+ =

•Never regret a purchase again

•Compare products side by side to find the right one

•Find the cheapest product around your area

How does it work?

1. Find a product

2. Scan it

3. Make an informed purchase

Review IT

• If you are having trouble picking out a product, or even just wanting to learn about one, then just scan the barcode, and BAM!, all of your problems are solved

Business Model

Adam will sell 1 appand receive $0.91 foreach app sold. Economics of One Unit

Selling Price $2.00 Cost of materials N/A Cost of labor $0.50 Other variable costs $0.59Total COGS/ COSS $1.09Contribution Margin $0.91

Definition of One Unit1 app

Monthly Break Even Units$134.91

= 149.9 ≈ 150 units$0.91

Market Analysis

Description of Target ConsumerDemographics Geographics

Any person from 17-45, and an income of $25,000+ per year

City of Chicago

Psychographics Buying Patterns

•Are interested in new products•Likes to shop

•Would like to know more about products (40 million customers like to showroom products)•Impulse buyers

Total population of targeted geographic area

Population of target market

2,659,598

Market size(based on

survey)

Target Market Size

Market Statistics

Industry Name: Consumer Services Market Cap: 3.1 billion

1,969,234

921,291

Promotion and Sales

• Have a website• Earn points • Host scavenger hunts• Donate to charity • Customer of the month

Competition

Direct• There are several

shopping apps on Google play

Indirect• Shopping website

that give help to shoppers

Why Review IT?1. You can compare items side

by side2. Find the cheapest products in

your area3. Gives products similar to the

ones you scanned4. Accurate reviews

Qualifications• Enrolled in a NFTE

entrepreneurship class, and is also in Chi-Tech Launch

• Received a 50 for the Future award

• Has very good leadership skills and makes good decisions

• Knows HTML, CSS, and JavaScript

Sales Projections

Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec0

50100150200250300350400

Units Sold

Units Sold

Total Units3,804

Gross Revenue$7,608.00

Net Profit$1,533.98

Startup Funds

Item Why Needed CostComputer To write the code and run

the software to create the app

$1000

Marmalade To make the actual app work

$149

Total Startup Expenditures $1,149Emergency Fund $574.50Reserve for Fixed Expenses $404.73Total Startup Investment $2,128.23

How to Scale Review IT

• Review IT will partner with stores to promote their products, and they will promote Review IT

The App