WeSync is a mobile app that allows private groups to share audio, video, and voice calls through VoIP technology, providing an easy way for users to stream multiple media types together. The company plans to target consumers through social media campaigns and competitions, and expects revenue to grow over five years from in-app purchases, ads, and services as it offers a more collaborative experience than competitors that focus only on music or single-user streaming.
3. The Solution:
WeSync
Private groups for sharing
Voice over IP technology
Audio and Video sharing capabilities
Ease of access
4. Marketing
Target Consumer
Campaigns through social media
BigAppsNYC, Verizon Innovative App Challenge
5. Competition
Boombotix
Forces user to listen to one DJ and does not allow
for streaming of music unless one becomes DJ.
Mystream
Tune Mob
None incorporate multiple forms of media
streaming.
7. Financial
60,000
50,000
40,000
30,000
20,000
10,000
0
Year 1 Year 2 Year 3 Year 4 Year 5
Gross Revenue
Gross In-App Purchase Revenue
Gross Ad Revenue
Net Profit