2. Executive Summary
Virtual Wallet started by offering mobile recharge and
utility bill payments and storing ID proofs.
Today it offers a full marketplace to consumers on its
mobile apps and emerged to be among the Top e-
commerce Businesses.
As simple as it is! To keep things at ease, you can also
use Virtual Wallet to pay the amount.
The world is increasingly mobile: people want access
from wherever they are, whenever they need it.
3. Overview
Everyone has a distinctive taste of his own and Virtual
Wallet offers what consumers exactly need.
You can have what you need with just a few clicks.
Be it Mobile Recharges, home & Kitchen Appliances ,
Landline Bill Payments, clothes, shoes &Accessories
Recharge, mobiles, Data Card bill Payments,
computers, DTH Recharge, cameras.
4. Mission
Happy to help, 24x7
100% Assurance At Virtual wallet.
If you have any issue, your money is immediately
refunded. Sit back and enjoy your shopping.
Virtual Wallet Trust Your money is yours! All refunds
come with no question asked guarantee.
Virtual Wallet Promise Happiness is guaranteed.
If we fall short of your expectations, give us a shout.
5. Market Description
Market includes all the internet users and smart phone
users.
Keeping in mind the mobile world, Virtual Wallet
Mobile App is compatible with all possible platforms
including Android, BBM, IOS and Windows.
6. Product Review
Based on the Customers reviews and ratings we can
understand the contribution of mobile recharges in
Virtual Wallet's income.
7. How does the app work?
The app takes simple inputs from the user such as the
favorite club of the user, the favorite player of the user
etc.
It then uses different APIs such as Facebook, Twitter,
Instagram to customize your app experience and
include the player’s and team’s data.
9. Competition
Its major competitors are Freecharge, chargeitnow,
snapdeal, flipkart, Amazon, Jabong, ebay...Vitual Wallet
is better than than it's competitors as it is a combined
version of major competitors.
Virtual Wallet= (Rta m-
wallet)+(Freecharge)+(Flipkart)+...
10. Company Overview
Core Competencies:
Virtual Wallet destination for all wallet
related activities
Increases attachment towards a virtual
wallet.
Wide range of options to customize
your feed according to your purchase
preference
11. Strategic Assets
In app purchases
Freemium model
In-app advertisements
Communication partners
13. Strengths:
Virtual Wallet provides excellent and unbelievable
offers.
People are getting addicted to this app for recharging
their mobile with different schemes.
It provides better schemes than other apps and are
valid for wallet balance also.
It is a quick stop for recharge.
It is easy and reliable.
Shopping with Virtual Wallet is as easy as pie.
14. Weakness
Virtual Wallet has grown into something that offers a
lot of functionalities in areas other than its chief
purpose i.e., RECHARGES.
This makes the app bulky and takes up lot of space.
Processing takes time and finally fails to recharge.
No replies on mails from customers.
Huge traffic during festive seasons when new offers
are introduced.
15. Opportunities
Online Shopping has seen anexponential growth in the
recent years.
Virtual Wallet has taken this as an opportuinity and
entered the world of online shopping with top brands
across all verticals.
You can literally buy anything in the wonderland of
Virtual Wallet.
16. Threats
Since Virtual Wallet is a mobile commerce, obviously it
requires smart phone users.
So smart phone penetrations, mobile internet access
penetration are required.
No benchmarking of parameters.
17. Target Markets
The target group primarily involves every person using
phone with internet.
Another customer segment is the betting customers
who wants cashback offers for every close aspect.
18. Strategy
Our strategy is to target more key consumers by
providing them more cash back offers individually.
To replace wallet completely by making relation with
government of india for id cards.
19.
20. Customer Acquisition
Discounts (50% off, Buy 1 get 1 free,
Rs.150 off etc)
Cash back (If you pay Rs.1000, if a
cashback of 10% is applicable, then
Rs.100 will be given back to you)
Reward points
Referral offers
Lucky draws
Coupons (Using Coupon codes will
give you discounts)
Vouchers
21. Value Proposition
Customer Value: Personal, virtual, 24/7 customer
service will give a lot of information to the customer.
Collaborator value: Successfully competing with other
major players in the industry.
Company Value: Positive work environment, good pay,
growth potential, opportunity to pursue interests.
23. Product
The free version of the app will have the following
features:
Monthly Payment up to Rs20000
Cashback offers
Login not required to do immediate transactions.
Can hold only 1000 digital visiting cards.
24. Premium version
The premium version of the app will have the
following features:
Personalized rewards
Contests
Transaction groups and discussion forums
Exclusive Immediate Cash Backs
Storage of all ID proofs of family in wallet
NO limit for Cash Transfer
25. Brand
Name: Virtual Wallet
Tag line: Phone is enough to pay, store, eat, shop.
Core brand values: Quality, Variety, Innovation, Ease
and Efficiency
27. What will be get through
Virtual Wallet.
Giving Special offers on Consumers Birthdays.
Team headed by Chief Marketing Officer (CMO)should
maintain a Virtual Wallet Customer Database
containing their Birthdays so that they can inform the
customer about their offers a week prior to their
birthday.
28. Price
Free version of the app will generate traffic and attract
new users
The premium version of the app will be priced at $0.99
which is quite affordable.
31. Implementation
Hire app developers and brief them about the design
Search for potential investors to financially aid us
Prepare the print and video advertisement