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- Issue
- Solution
- Market validation
- business model
- Competition
- Founding team
- Traction
- Fundraising
Issue
Printing is a necessity for almost everyone. From designing presentations to printing images to decorate your wall, we all need a printing solution at our fingertips. But have you ever come across a situation where you needed to print something urgently but couldn’t? Maybe the nearest print shop was too far away, or they were already closed, or you just didn’t have time to go there. This is a problem that many people face today, especially those who need good quality prints for their projects.
Another problem people face are low quality printouts. Even after putting effort and time into designing something, getting a poor quality print can ruin your whole project. Low quality prints can be disappointing and frustrating, especially when you urgently need high quality prints.
What is the relevance of the problem?
With the growing importance of presentations and visual aids in everyday life, the demand for quality printing solutions is at an all time high. Additionally, the Covid-19 pandemic has forced many people to work from home, making access to reliable printing solutions even more crucial. As a result, the demand for print-on-demand solutions has skyrocketed, and the need for high-quality print has become even more urgent.
What is the current solution for the problem?
Current printing solutions are mostly manual, which means the print quality can be different every time. Going to a traditional print shop is not always a feasible solution, as they may be located far from your location and may not offer print-on-demand services. Online printing services can provide high-quality printouts, but they can be expensive and time-consuming.
Why does the problem exist?
The problem exists because there is no reliable, fast, and cost-effective print-on-demand solution available to the masses. Current printing solutions also lack the convenience and flexibility that people need in their daily lives. As a result, people end up compromising their printing needs.
Solution / value proposition
Our print-on-demand business aims to solve the age-old problem of hassle-free printing. We offer an innovative solution that allows customers to print and have their documents delivered right to their doorstep. This eliminates the need for customers to visit brick-and-mortar stores, deal with unreliable printing machines, and waste time and energy on print-related issues.
Our solution is unique and revolutionary. Through a user-friendly online platform, customers can easily place their orders in minutes, customize their documents and select the quality and type of paper. Our system has been designed to handle high order volumes, ensuring fast delivery and minimal risk of delays. In addition, we use environmentally friendly production processes and high-quality materials to provide durable and excellent printed materials.
Our solution provides customers with an incredible hassle-free printing experience. Customers can comfortably order their documents globally from their homes or offices. Our commitment is to provide top notch customer service, our customer support team always on hand to help with concerns and queries.
We believe our solution is outstanding and will exceed customer expectations. All our services are provided with total efficiency and quality assurance guaranteeing total customer satisfaction. Our platform gives customers a personalized touch to their print delivered right to their doorstep.
In summary, our solution eliminates the frustration of finding reliable printers for people on the go. It provides convenience, ease and quality assurance to customers at an affordable price.
Market validation
Print on demand is a rapidly growing industry, with a global market size expected to reach .8 billion by 2024. This reveals that there is a huge tom for our business to tap into. The industry is growing owing to the growing demand for personalized printing products and advancements in technology that make it relatively affordable.
One of the main specificities of our addressed market is Revenue per customer . The average revenue for print-on-demand businesses is around ,000 per month. However, this may vary depending on the customer’s order, the quality of the print and the variety of services offered by the company.
Starting a business in the print-on-demand market is a good idea due to the growing demand for personalized products and the ease of accessibility to new technologies. With the growing number of small and medium-sized businesses (SMBs) requiring professional printing services, there is a growing need for a reliable, convenient, and cost-effective print-on-demand service provider.
Moreover, the market is currently growing due to the growing preference of customers for freelance and custom printing services. Our surveys and customer feedback reveal that people are willing to pay a premium for personalized, high-quality printing services that are tailored to their specific needs.
On average, customers are willing to pay around -30 per printed product. Based on our competitive pricing strategy, our prices are expected to be at par or even lower than our competitors.
business model
Our print-on-demand business generates revenue by offering a range of custom printing products and services to businesses and individuals. We offer high quality printing solutions at affordable prices, and our customers have the flexibility to order products online or in our retail stores. Our printing products include flyers, business cards, banners, brochures, invitations and custom apparel.
We generate revenue through a variety of sources, including printing fees, shipping and handling fees, and customization fees. Our customers can select from a range of printing options, including paper quality, size and finish, and they can choose from a variety of personalization options, such as fonts, colors and logos. , to make their products unique to their brand.
Our business strategy is to provide a seamless and hassle-free customer experience by offering easy online ordering, fast turnaround times and exceptional customer service. We work closely with our customers to understand their needs and provide tailored solutions that meet their requirements. We also offer volume discounts and bulk pricing to attract larger organizations and businesses.
- How will you generate income?
- We generate revenue through printing fees, shipping and handling fees, and customization fees.
- What is the total amount of income?
- The total amount of revenue depends on the volume of orders and customizations. Our projections indicate a profitable business model with a high return on investment for potential investors.
- What products will generate revenue?
- Our printing products include flyers, business cards, banners, brochures, invitations and custom apparel.
Competition
Our competitors in the print-on-demand business include established companies such as Vistaprint, Printed and Customink. These companies have a strong market presence and offer a wide range of printing services, including custom designs, apparel, and promotional products.
Although our competitors have strong track records in the industry, we believe they fail to deliver personalized service and quality products. Many of our competitors rely on automated systems that offer limited customization options, resulting in a generic end product.
What makes us better
In our print-on-demand business, we focus on personalizing the customer experience. We allow customers to upload their designs, customize products to meet their unique needs. Our team of experienced designers work closely with our customers to ensure that the final product meets their expectations. By offering a more personalized service, we guarantee customer satisfaction.
Who is stealing from our customers and how
Our potential customers may be attracted by our competitors’ established brand names, extensive product catalogs and lower prices. However, what they may not receive is the personalized experience we provide at our print-on-demand business. Our competitors may lack attention to detail and the customer service we provide, which ultimately leads to dissatisfied customers.
Our USPS
- Personalized services to ensure customer satisfaction
- A collaborative approach with customers to achieve the best possible end product
- High quality products using top notch materials
- Timely production and delivery of all orders
- Competitive prices, making our services accessible to everyone
Overall, we believe our personalized approach and attention to detail gives us a competitive edge in the print-on-demand market. Our USPS sets us apart and positions us to be the best player in the industry.
Founding team
At On Demand Printing Business, we have assembled a team of experienced professionals with a proven track record in the printing industry. Our team is made up of:
- John Smith – CEO and co-founder. John has a bachelor’s degree in business administration and has worked in the printing industry for over 15 years. Previously, he held a management position in a leading printing company and has expertise in operations, sales and marketing.
- Samantha Johnson – Chief Executive Officer. Samantha has a Masters in Operations Management and has worked in the printing industry for over 10 years. She specializes in process improvement, supply chain management and cost optimization.
- Robert Lee – Chief Technology Officer. Robert holds a bachelor’s degree in computer science and has over 12 years of experience in software development. He specializes in creating user-friendly and scalable software solutions for the printing industry.
- Kate Williams – Marketing Director. Kate holds a Bachelor’s degree in Marketing and has worked in the digital marketing industry for over 8 years. She has experience developing successful marketing strategies and executing integrated campaigns.
Our main goal is to offer a fast, affordable and convenient printing service. Our team is passionate about delivering high quality print products that meet the needs of our customers. We believe our combined expertise in the printing and technology industries will help us achieve this goal.
We’ve identified the skills we need to be successful in this business, and we know we have the skills and experience to overcome any challenges we may face. Our team is well balanced and has expertise in all areas of the business, including operations, sales, marketing, technology and finance.
We are convinced that we are the right people for this challenge, and we are passionate about the success of print on demand. Our goal is to create a sustainable and profitable business, and we believe our team has what it takes to achieve this.
Traction
As a print-on-demand company, we have made great strides in the industry. Our business has experienced substantial sales growth due to the growing demand for digital printing. The following steps are proof of our success and indicate our ability to achieve substantial market share in the printing industry.
- We have successfully created and executed marketing campaigns that have resulted in a significant increase in our customer base.
- We have seen a steady increase in monthly recurring revenue from our existing customers and have maintained low churn.
- A recent survey indicates that our customers are satisfied with our services, with an average satisfaction rate of 90%.
- We have formed strategic partnerships with leading suppliers in the printing industry, allowing us to provide the best rates to our customers.
- Our team is dedicated to continuous improvement of quality and efficiency in all aspects of our operations.
The metrics we track indicate that our business model is scalable and profitable. Our revenue and customer growth proves that there is a strong demand for print-on-demand services. We are continually working to improve our workflow, product offerings and services.
In conclusion, our traction so far indicates that our business is moving in the right direction, and we are well on our way to establishing product market fit. Our satisfied customers, strategic partnerships and constant innovation indicate a promising future for our company. The milestones we have achieved and will achieve in the near future are a strong indication of our ability to increase market share and become a leader in the printing industry.
Fund raising
Our print-on-demand business is seeking seed funding of 0,000 to expand our product offering and accelerate growth. Our innovative platform provides a revolutionary approach to print services and we have received positive feedback from our early adopters.
The funds will be used for product development, marketing efforts and new hires. Specifically, we plan to allocate 40% of funds to additional software development, 30% to marketing and promotion, and 30% to additional technical hires.
- 40% – Product Development: Our development team will focus on expanding our product offerings and we aim to introduce a new range of digital printing services.
- 30% – Marketing: We will invest in digital and traditional marketing initiatives to expand our customer base and increase awareness of our brand.
- 30% – New Hires: Additional hires will be brought into administration to improve our technical capabilities and support our growth.
With the funds, we aim to achieve several milestones, including releasing additional printing services, expanding our customer base, and increasing revenue. Specifically, we plan to achieve the following over the next year:
- Launch of an improved software platform and new printing services.
- Expansion of our marketing efforts to reach new customers.
- Increased customer base by 25% and revenue by 35%.
- Expansion of our technical team to support our growth.
We are confident that this additional seed funding will enable our print-on-demand business to achieve these goals and establish us as the leading platform for print-on-demand services.