Tech-Shoot OAP [Venture Lab]

Your new way for gadget shopping

Tech-Shoot

About UsTech-Shoot aims to become the leading Online Gadgets and Accessories Shop for the Net-generation which focuses on providing the most unique and exciting shopping experience for Singapore market.

Meet the Tech-Shoot TeamPascal Gekko (23 years

old)• Graduated from National University of

Singapore with Bachelor of Engineering (First Class Honours, Top 10% in the Cohort)

• Strong interest in entrepreneurship with his dream to create his own creative startup in technology

"Pascal is a visionary person with great leadership spirit within and a lot of instantaneous brilliant ideas. This sentence wholly summarizes him. A typical strategic leader, He knows what his idea is, what he want it to be, what are the plans and strategies, and what decisions he should take." (Herman Wijaya)

Meet the Tech-Shoot TeamHerman Wijaya (23 years

old)• Graduated from University of

Wollongong with Bachelor of Computer Science (Digital Systems Security)

• Strong interest in technopreneurship and innovation with passion in gadgets and latest technologies

"Herman is a perfectionist. I think that explains him as a whole. He always tries his best to achieve his goals exactly how he expects himself to be and therefore, he does not compromise." (Pascal Gekko)

Singapore Market Analysis• About Singaporeans' habits

• Gadget as online commodity

• Possible reasons for reluctancy to purchase gadget online

Singaporeans' Habits• "Everywhere I go, I bet there is a smartphone user within radius

of 5 metres!" (anonymous respondent)

• Singaporeans rely on their gadgets for many of their activities such as:o Checking location of a placeo Finding new informationo Networkingo Online Shopping, etc

• According to Market Research Society Singapore, 25% of Singaporeans with spare cash will spend their money on New Technology gadgets. This ranks fourth after savings (60%), holidays/vacations (49%), fashion (29%), and loans (28%)

• As per December 2011, there were approximately 3,658,400 internet users in Singapore (represents 77.2% of the total population). From this figures, 48.3% spend 4-8 hours, 19.8% spend less than 4 hours, 16.9% spent 9-12 hours, 7.5% spent 13-16 hours, and the remaining spent more than 16 hours of online activity per day

Gadget as Online Commodity• According to TechInAsia, in 2010, IT/Electronics contributed for

11% (S$117 million) from the total of all Singapore online purchases, fourth rank right after travelling (28% share, S$307 million), fashion/beauty (13% share, S$146 million), and Entertainment/Lifestyle (13% share, S$143 million).

• There are still minimum number of well-structured online gadget shops in Singapore. Mostly, gadgets and accessories are sold via blog or online marketplace (e.g. GMarket Singapore) which are less structured and unpredictable credibility level

• The most common online gadget commodity is smartphone casing due to the low risk for buyers and sellers

Possible Reasons for Reluctancy• Expensive delivery fee (which might cost the buyer to pay 10%

extra as compared to buying in physical gadget shops)

• Confusion about the seller's credibility (the buyer needs to bear the risk of not getting the item after making the payment)

• No on-demand product knowledge, review, or reference (physical gadget shops have salespersons who assist customers' queries)

• No touch-and-feel of the gadget itself (as compared to physical gadget shops which might provide display set to try)

What makes Tech-Shoot different?• Tech-Shoot commits to provide FREE delivery service for all

items without any minimum purchase amount

• Tech-Shoot provides unbiased review about all products to ensure our buyer gets exactly what they are looking for (In the future, Tech-Shoot will provide our customer service personnels to help each buyer in deciding his/her product needs)

• Tech-Shoot gives the buyer an exciting shopping experience through our affiliate marketing system where the buyer gets incentive whenever someone he/she refers to Tech-Shoot makes a purchase

How is Tech-Shoot doing now?• Tech-Shoot has secured the domain name as [www.tech-

shoot.com] and currently in progress of designing the web interface

• Singapore market opportunity research was executed with positive response, showing very promising opportunity for Tech-Shoot

• The catalogue of selling items are being prepared (due to the limitation, not all kind of gadgets and accessories can be accommodated)

• Arranging the supplier and supply chain system

• Market penetration strategy planning

Tech-Shoot DreamIn future, Tech-Shoot is dreaming to become the most complete and most preferred gadget shop which consistently delivers competitive prices and unique/exciting shopping experience with members not only from Singapore, but also from all neighbouring countries in South-East Asia.

Thank you for your attention!!

Your new way for gadget shopping

Tech-Shoot