Social Network Website Investment Opportunity in Abu Dhabi, United Arab Emirates
Established | 0-1 year(s) |
Employees | 10 - 50 |
Legal Entity | Sole Proprietorship/Sole Trader |
Reported Sales | Nil |
Run Rate Sales | Nil |
EBITDA Margin | Nil |
Industries | Social Network Websites |
Locations | Abu Dhabi |
Local Time | 10:56 AM Asia / Dubai |
Listed By | Business Owner / Director |
Status | Active |
In year 1, we forecast 7k to 9.5k paid members for its Dubai-focused social and booking platform. Memberships are estimated to generate between USD 700k and USD 950k in revenue from two packages:
Main membership: USD 100 for an annual membership.
Traveller membership: USD 30 for a 45-day membership targeted at visitors and tourists.
We also expect to generate USD 200k to USD 350k in commission revenue (10-25% of ticket and booking sales) from partner events, tours, entertainment venues, and activities. Total year 1 revenue is forecast between USD 900k and USD 1.3 million.
In year 2, expected membership growth by 75% to 12,250 to 16,625 members generating USD 1.2 million to USD 1.6 million in membership revenue. Commission revenue is expected to increase from USD 350k to USD 525k. Total year 2 revenue is forecast between USD 1.5 million to USD 2.1 million.
In year 3, we expect membership to reach 22,125 to 33,188 members generating USD 2.2 million to USD 3.3 million in membership revenue. Commission revenue is expected to increase from USD 525k to USD 787k. Total year 3 revenue is forecast between USD 2.7 million to USD 4.1 million with the potential to exceed USD 10 million if growth objectives are achieved.
The revenue forecast above is based on the plan to grow its membership base by 75% in year 2 and 50% in year 3 through partnerships, targeted digital marketing campaigns, event sponsorships, and word-of-mouth marketing. Achieving scale through increased membership and network effects is central to our ambitious growth strategy and long-term vision.
The business is not yet operational and we have applied for our registration certificate.
The promotor has an experience of 5+ years in building applications.
Our team consists of professional front-end and back-end developers.
1. Venues: Users can explore detailed information about various venues, including their offerings, without restrictions on whether the venue offers discounts through your app.
2. Event organizer: Provide event organizers, DJs, and other professionals with an admin page to manage and control their events through the app. This feature enables seamless event organization and coordination.
3. Yacht: Users can choose their preferred yacht, invite others, and split the bill directly within the app. This feature enhances the convenience and social aspect of planning yacht outings.
4. Activities: Users can discover and participate in various activities offered in the UAE through your app.
5. Activity provider: Allow activity providers to list their offerings and manage their services through an admin page or dashboard.
6. Vouchers/events/tickets: Enable users to purchase vouchers, and tickets, or attend events directly through the app.
7. Stories: Users can share their experiences, recommendations, or highlights through the stories feature, promoting engagement and user-generated content.
8. Membership: Offer users the option to purchase a membership with added benefits, such as discounts, exclusive offers, or premium features.
9. Invitation system (private/public): Implement an invitation system that allows users to invite friends privately or publicly to join them in activities or events.
10. Bucket list: Users can create and share a bucket list of places or experiences they wish to explore in the future. This feature is particularly beneficial for tourists.
11. Follow system: Enable users to follow other users, venues, or event organizers to stay updated on their activities and recommendations.
12. Chat: Implement various chat functionalities, including user-to-user, user-to-venue, and user-to-groups communication.
13. Advanced search: Provide users with a robust search function that allows for filtering and finding specific venues, activities, or events based on their preferences.
14. Add system: Enable users to contribute by adding new venues, activities, or events to the app's database.
15. Nearby component: Users can discover and connect with people in their vicinity and initiate chats or interactions.
16. Gift sending: Allow users to send vouchers or gifts to others within the app.
17. Service recovery: Enable venues to send gifts or offers to users as a form of service recovery, ensuring customer satisfaction.
18. Push notifications: Implement dynamic push notifications to keep users informed about updates, promotions, or relevant information.
These features make your app comprehensive, interactive, and user-friendly, catering to a wide range of interests and enhancing the overall user experience.
Source code, experience, knowledge, development, creativity, UI and UX.
40 % equity is allocated for new investment in the application.
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Earlier than 15 daysCFO, Investments, Dubai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, IT Services And Consulting, Dubai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysAdvisor, Telecommunication, Dubai, Individual Investor / Buyer connected with the Business