AuthenticReach

Startup Idea: A platform that connects businesses with vetted freelance social media managers who specialize in creating unique and engaging content to boost brand awareness and revenue without resorting to fake engagement tactics.

Pain point: people are struggling to find authentic and effective social media management services for their businesses, facing issues with agencies offering fake engagement as part of their packages

Categories
Socialmediamarketing Social Media Marketing Freelance Management Platforms
Idea Generated From
Reddit Post: New Social Media Management proposal seems fishy…
Potential Monthly Revenue
$15000

Business Plan

Business Idea:

The business idea is to create a platform that connects businesses with vetted freelance social media managers who specialize in creating unique and engaging content to boost brand awareness and revenue without resorting to fake engagement tactics.

Target Market:

The target market for this platform includes small and medium-sized businesses looking to enhance their social media presence, engage with their audience, and increase their brand visibility and revenue. These businesses may not have the resources to hire full-time social media managers but still want to have a strong social media presence.

Revenue Streams:

  1. Subscription Fees: Businesses on the platform will pay a monthly subscription fee to access a pool of vetted freelance social media managers.
  2. Commission: The platform will charge a commission on the fees paid to the freelance social media managers for each project they complete successfully.
  3. Premium Features: Additional revenue can be generated by offering premium features or services to businesses or social media managers for an extra fee.

Marketing Strategy:

  1. Digital Marketing: Utilize social media advertising, content marketing, and SEO to reach businesses looking for social media management services.
  2. Partnerships: Collaborate with marketing agencies, business associations, and industry influencers to promote the platform.
  3. Referral Program: Implement a referral program to encourage businesses and social media managers to refer others to the platform.

Estimated Monthly Revenue Calculation:

Assuming an average subscription fee of $200 per month per business and a commission of 10% on each project completed by freelance social media managers, let's calculate the estimated monthly revenue:

  • Number of businesses on the platform: 50
  • Average subscription fee per business: $200
  • Commission rate on projects: 10%
  • Average number of projects per business per month: 2
  • Average project fee: $500

Monthly Revenue: Subscription Fees: 50 businesses * $200 = $10,000 Commission Fees: 50 businesses * 2 projects * $500 * 10% = $5,000

Estimated MRR: $15,000

By providing a platform for businesses to connect with skilled freelance social media managers, we aim to help businesses enhance their online presence and achieve their marketing goals organically and sustainably.