caterspot company challenge pres
TRANSCRIPT
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P R E S E N T E D B Y
B E T T Y P . , C H R I S H . , E L T H A N L . , E T H A N Y .
The road to being the go-to catering platform forSingapore
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YOUR PERFECTCUSTOMER
Regular - every 2 weeksKnows how to use thewebsiteWilling to pick up catering(no delivery)Low cost of acquisition,high return on investment
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PERFECTMeet Your
CUSTOMER
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THIS ISME
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MARKET SIZE
110,000 5, 570 510
Students in Singaporeanpublic universities
Number of eventsheld each year
Number ofstudent
societies
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MARKETRESEARCH
Where Are They Finding Caterers
Now?
How Do They React to an
Introduction to Caterspot?
What are Their Suggestions?
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WHERE DO THEY GO NOW?
Referrals OnlineSearch
ExcelDocuments
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Keith A.,President,
Investment GroupOrders $6,800
cateringannually.
Rakesh P.,President,
Consulting GroupOrders $850+
cateringannually
Ernest J., Toastmasters &Radio StationOrders $700
cateringannually
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Annette Y.,International
Relations & PoliticalAssociation
Orders $5,400+catering annually.
Bing Lin G.,RC ^ 3
Orders $1,700cateringannually.
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"It's easy to use...and convenient."
"...would use as long as it gives the best prices.But right now, it's just information overload."
RESPONSE TO CATERSPOT
"...would use as long as promotions aregood."
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"...I'm hesitant to try newcaterers, since I know my caterersso well. They recognize me eachtime I pick up the food."
"...I'm looking for the perfect caterer tosuit all my needs."
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Catering relationships - Addmore personal touch Variety is not the issue.Tackle information overload100% of studentssurveyed suggested a reviewsystem.
CONCLUSION
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PRODUCT DEVELOPMENT:CASE STUDY
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LIVE PROTOTYPE
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EXECUTION PLAN
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Now Future
CONTACT DEAN OF STUDENTS
RECRUITING BRAND AMBASSADORS
NEW ACADEMIC YEAR (2017)TARGET STUDENT ORGANISATIONS
EXPANDING INTO OTHERINSTITUTIONS
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A. CONTACT STUDENTLIFE UNION
$30 OFFMIN. ORDER OF $200
EXCLUSIVE OFFER
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BRAND AMBASSADORS
Hire 2 brandambassadorsper university.
Brandambassadors
introduceCaterspot to each
studentorganization.
Ambassadors areto pitch to 4
societies per hour..
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WHY THIS WILLWORK
Word of mouth is highly
effective.
92% of customers trust peer
recommendations. 33% trust
ads.
Cost of execution: $600
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STUDENTS CATERSPOT
One stop solution -cheaper food,
more choices, andsimpler process
Students usually optfor picking up
catering themselves.
Low cost ofacquisition.
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RISKS MITIGATION
Dean of Students wants aheavier discount, or free
food.
Competitors followCaterspot's example.
Respond to marketchanges.
Instant problem solving.
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PROJECTION
10.5% REVENUE
GROWTH CUSTOMERACQUISITION:
$46CPO: $18 INITIAL RETURN
ONINVESTMENT:
500%
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THANKYOU
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REVENUE CALCULATIONS
10.5% REVENUE
GROWTH CUSTOMERACQUISITION:
$46CPO: $18
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ROI & CUSTOMER ACQUISITION
10.5% REVENUE
GROWTH CUSTOMERACQUISITION:
$46CPO: $18