Business Plan: Hotel Price Tracking Tool

Introduction:

Our product is a price tracking tool designed to monitor hotel prices on various booking websites. The tool is equipped with a unique feature that alerts users when prices increase after using discount portals. This helps users save money and ensures they get the best deals for their hotel bookings.

Target Market:

Our target market includes frequent travelers, budget-conscious consumers, and individuals who are looking to make smart and informed decisions when booking accommodation.

Revenue Streams:

Subscription Fees: Users can subscribe to our service for a monthly or yearly fee.
Affiliate Marketing: We can earn commission by partnering with booking websites and earning a percentage of sales made through our platform.

Marketing Strategy:

Social Media Marketing: Utilize platforms like Facebook, Instagram, and Twitter to reach potential customers.
Influencer Partnerships: Collaborate with travel influencers and bloggers to promote our tool to their followers.
Search Engine Optimization: Invest in SEO to ensure our website ranks high on search engine result pages.

Financial Projections:

Monthly Subscription Fee per user: $5
Total number of users: 1000
Monthly Revenue: $5 * 1000 = $5000

Conclusion:

Our price tracking tool addresses a key pain point for travelers and budget-conscious consumers, helping them save money on hotel bookings. By leveraging subscription fees and affiliate marketing, we aim to generate a steady stream of revenue while providing value to our users.

Estimated MRR: $5,000

Startup Idea: A price tracking tool that monitors hotel prices on booking websites and alerts users when the prices increase after using discount portals