lovethis overview 27.11.2012
DESCRIPTION
Description of the LoveThis business and customer propositionTRANSCRIPT
Alexis Dormandy
Never Forget A Recommendation Again
The Customer Problem: What should I book/try/buy?....
Timeconsuming
Too many sources
Sources not known and nottrusted
Reviews not Recommendation
… I only really trust my friends…
Source: Nielsen Trust Survey
…what I need is a place to remember my recommendations and share them with my friends
= +
… for recommendations
+…
LoveThis: Website & iPhone
Save FindSend
Paddy Cosgrave
The competition don’t deliver the basic solution to the problem
Competitor Product Comparison
Functions Required To Be A Friends' Recommendation Service LoveThis Email Evernote Yelp? Qype?
Social Recommendation Apps**
1) Recommend anything Yes Yes Yes No No
2) To anyone (not just other users) Yes Yes Yes Yes No
3) Search recommendations to find one you need Yes No* No No No
Search your own recommendations Yes Yes Yes Bookmarks No
Can view all other friends recommendations Yes No* If sent to you Yes Yes
Search friends recommendations Yes No No Bookmarks NoFilter friends recommendations Yes No No No Only by category
By friend Yes No * No No NoBy category Yes No No No YesBy keyword Yes No Yes No No
View on map Yes No No Yes No
* Emails are searchable, but only the ones sent directly to you, and only if you can remember the name of the recommendation or person** e.g. Stamped, CircleMe, Get Glue
Awards
• Top 20 British Tech Startups 2012 – TechRadar
• Future 50 Most Disruptive Brands in UK - Real Business
• Finalist HSBC Startup of the Year 2012 Awards
Revenue Models
+
Social Commerce
Customer Data & Insight
B2B
Building a valuable business
Who is this valuable to?
◄ The obvious (Facebook, Google etc)
◄ Data businesses (Nielsen, Experian)
◄ Media companies (content distributors and advertisers)
◄ Internet Businesses in adjacent markets (e.g. Yelp, Tripadvisor)
◄ Large Retailers (e.g. Amazon)
Who is trusted
?What will
people buy?
Who buys what?
Who to market to, with what
offers?
What media those people will use?
What is recommended and to whom?
LoveThis knows:
Who is truste
d