WeSync is a mobile app that allows private groups to share audio and video content through voice over IP technology, with ease of access. It aims to target consumers through social media campaigns and competitions. While other apps focus only on music streaming or one type of media, WeSync incorporates multiple forms of media streaming within private groups. The financial projections forecast increasing revenue from app purchases, ads, and in-app purchases over five years.
6. Competition
Boombotix
o Forces user to listen to one DJ and does not allow for streaming of music
unless one becomes DJ.
Mystream
Tune Mob
o None incorporate multiple forms of media streaming.
7. Financial
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Year 1 Year 2 Year 3 Year 4 Year 5
Gross Revenue
Gross In-App Purchase Revenue
Gross Ad Revenue
Net Profit