SavvySaver
Startup Idea: A grocery deal aggregator app that notifies users of the best ongoing sales and discounts at local supermarkets, allowing them to save money and stock up on essentials.
Pain point: People looking to save money on groceries and stock up on discounted items
- Categories
- Frugal Grocery Deals Discounts Notifications Local Supermarkets
- Idea Generated From
- Reddit Post: Ham Sale! 69¢ per pound! (Albertson's & Piggly Wiggly)
- Potential Monthly Revenue
- $12500
Business Plan:
Title: Grocery Deal Aggregator App
Executive Summary: Our grocery deal aggregator app aims to help users save money by informing them about the best ongoing sales and discounts at local supermarkets. With the app, users can easily compare prices, stock up on essentials, and make informed decisions about their grocery shopping. By providing a convenient platform for users to access exclusive deals and promotions, we aim to become the go-to app for budget-conscious shoppers.
Market Analysis: The grocery industry is a stable and essential market segment, with a consistent demand for products. Consumers are always looking for ways to save money on groceries, making our app highly attractive to a wide range of users. With the rise of digital platforms and mobile apps, there is a growing trend towards online grocery shopping and deal aggregators.
Revenue Model: Our revenue model is based on partnerships with local supermarkets and brands. We will earn a commission for each sale generated through the app. Additionally, we plan to offer premium subscription options for users who want access to exclusive deals and advanced features. The app will be free to download with optional in-app purchases for enhanced functionality.
Marketing Strategy: To attract users to our app, we will focus on digital marketing channels such as social media advertising, search engine optimization, and influencer partnerships. We will also collaborate with supermarkets to promote our app to their customers and offer exclusive discounts to app users. By creating a strong brand presence and targeting our core audience effectively, we aim to build a large user base.
Financial Projections: - Monthly active users: 10,000 - Average commission per sale: $1 - Conversion rate to premium subscription: 5% - Monthly subscription fee: $5
Estimated Monthly Revenue Calculation: Commission revenue: 10,000 users x $1 commission per sale = $10,000 Subscription revenue: 10,000 users x 5% conversion rate x $5 subscription fee = $2,500 Total Estimated Monthly Revenue: $12,500
Estimated MRR: $12,500