Date post: | 13-Jan-2015 |
Category: |
Small Business & Entrepreneurship |
Upload: | venturesquare |
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Copyright © 2014 Sell it Inc., All Rights Reserved.
2003 I was in high school…
2013 10 years later, after failing
at my second startup…
Inconvenience
The Problem We Are Solving
The reason most people give up selling their used goods is inconvenience
Trust Trust is not guaranteed in a normal P2P sale
Suboptimal Price
Asymmetric information and lack of market data means seller does not get highest price
Seller Buyer
A new kind of commerce platform which sells your used goods for you.
Re-commerce = Re-Sale E-commerce
Manages entire process
The Solution: Re-commerce
Sell it! is the easiest and the fastest way to sell used consumer electronics.
Selling used goods is an inconvenient and complicated process
Sell it! intends to disrupt this process through information technology and through innovating the retail and distribution system
The Solution: Re-commerce
[VIDEO]
Service Introduction
Choose the category of item you wish to sell
Select the model Check the condition of the item
User Experience: Selling
Sell it! proposes a price for the item
(excluding shipping and handling fee)
Money is transferred to the
user’s specified account
User Experience: Selling
Follow what you want to buy If you follow a particular item, you will be sent a push notification
when one is available for purchase
User Experience: Buying
Shipping & Handling
User Experience
We send you a shipping box and reservation code – just put your item in the box, and off it goes!
Direct Deposit to Your Account
We quickly deposit the sales amount into the account you specify, through direct deposit!
We Guarantee the Sale
We guarantee the sale. If your item does not sell to another buyer within 2 weeks, we buy it!
Sell it! earns a 10% commission on each product sale.
$20 Average Commission
Average sales price of $200 (smartphone, tablet, laptop)
$36,000 Monthly Sales (July)
37% month-over-month growth
Business Model
LOW User Experience HIGH User Experience
HIGH Trust
LOW Trust
Positioning
China and Southeast Asia are the largest markets for smart device sales
2013 Smart Phone Unit Sales
400M
110M
32M
Source: Strategy Analytics
Arbitrage Strategy
Price of used Korea-made smart devices in China and Southeast Asia is on average 225% higher than in Korea
316% 186% 171%
Price Comparison by Country
190,000
60,000
560,000
300,000
1,200,000
700,000
Galaxy S2 Galaxy Note 10.1 Samsung Series 9
Opportunity to sell Korean devices in China/Southeast Asia
Arbitrage Strategy
Source: Choongo Nara, 85.com, Craigslist
Korea
China
SE Asia
1. Web Crawling by Country
2. Price Database product_id time country Product_name Price
1 2014.1.14. 14:23 SG Galaxy S3 170,000
2 2014.1.12.12:22 CN Galaxy S4 240,000
3 2014.1.11.19:24 CN Galaxy Note1 85,000
3. Price Modeling
4. Derive Export Price
5. Forecast Future Prices
Web crawling in China, Singapore, etc. / 58.com, Craigslist.sg Crawling data : Date, Country, Model, Price
Shipping, handling, FX rate, tariffs used to calculate optimal sales price
Profit maximization through smart pricing engine
Arbitrage Strategy: Smart Pricing Engine
HQ
Hong Kong
Singapore
Singapore and HongKong will act as a base for expansion throughout Asia
No. 1 Re-commerce platform of Asia
Arbitrage Strategy
Year Date Milestone
2013
Aug 31 Launched android App
Sept 3 1st Product registered
Sept 11 Launched iOS App
Oct 1 Over 100 products registered
2014
Jan 11 Selected as Google Play Recommended App
Feb 10 Over 1,700 products registered
Feb 17 Established Sell it Inc.
Feb 20 Received seed funding from TheVentures Co
July 30 Monthly sales over $36,000
Milestones
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
2013.9 2013.10 2013.11 2013.12 2014.1 2014.2 2014.3 2014.4 2014.5 2014.6 2014.7
Average monthly growth rate of sales is 37% as of June, 2014
Registered goods
Sales
Milestones
USD
Year Date Milestone
2014 Dec
Ready for service in Singapore
Mobile/Web Service
Logistics, Partnership, Tax, etc.
2015
Feb Establish Corporation in Singapore
Mar Begin Marketing
Apr Beta Test
Jun Launch Version 1.0
Overseas Expansion Plan
1. Partnership for co-work and developing Southeast Asia Re-commerce Market
Sales Platform
Payment Platform
Logistics Company
Overseas Expansion Plan: Next Steps
2. Investment (Series A Round)
Deahyun Kim Operating used goods Naver community, 8 years
E-commerce CEO, 1 year
Chulwoo Kim, CPO & Designer Start-up Product manager, 2 years
Jihoon Jeon, iOS Engineer Co-founder
Programming, 8 years
Smilegate Inc. , 3 years
Hoon Kang, Web & Server Engineer Programming, 10 years
Viki Web front & server programming
Jungdae Kim, Android Engineer Co-founder
Programming, 8 years
Lotto Inc, Easyworks Universe Inc
Changseong Ho Co-founder of TheVentures and Vingle
Co-founder of Viki (Acquired by Rakuten , 2013)
Jiwon Moon Co-founder of The Ventures and Vingle
Founder of Viki (Acquired by Rakuten , 2013)
Team
Investment Advisors
Our Team
And join confirmed Data Marketer
Global Manager from Singapore biggest e-commerce company
We are the best experience for selling used consumer electronics
Vision
THANK YOU.
Daehyun Chris Kim / CEO & Co-founder
M. 010-9969-7184
F. facebook.com/withsellit