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Navigating the car buying process can be overwhelming, especially for first-time buyers who fear getting ripped off. Our innovative solution utilizes gamification to transform the experience into an engaging adventure. By designing interactive games for choosing the right car and negotiating fair prices, buyers can feel empowered with support from friends and the community. We aim to create a multi-player online platform that not only provides valuable data but also offers referral opportunities for financing and insurance. Join us in revolutionizing car buying!
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Thomas Zheng Carolyn Ray Chris Mackey Michael Levin Irene Chen Michael Campos Make it Funfor first time car buyers
Problem 1: Too Much Information • Overwhelmed
Problem 2: Getting Ripped Off This is your first car! This is how much you paid! • The Fear of GettingRipped Off
Solution: Gamification • Design and promote • games to decide what car to buy • games to get the car at a fair price
A Game for Deciding • Facemash meets Edmunds.com Old way New way Friend Support
A Game for Buying • A multi-player online game Vs. Them You
Business Model • Anonymous Preference Data for Sale • Online Advertisement • Click To Buy • Referral for Financing and Insurance
Marketing And Sales • Facebook • College Campuses • Dating Sites
Competition • Edmunds • Consumer Reports • AAA • Zynga • Mobile Game Developers • Dealerships • Online Automobile Marketplace
Team • Neuroscientists • Game Developers • Machine Learning Experts • Business Developers • Domain Experts in Automobile
Milestones • 12 Month Milestones • Reach 1M active users • Obtain funding for Year 2 development • 18 Month Milestones • Data Analytics Contracts with at least 1 car manufacturers • 24 Month Milestones • Convert 1% of users to purchase a car on our site • Expand to other niche markets, e.g. women
Financial Projections • 1styear development cost: $100K • Estimated 3.6M cars purchased by First Time Car Buyers • $200 per car referral fees • $50 per 1000 insurance policies • $100 per 10000 auto loans
Timeline • Game Design (2 -4 months) • Data Analytics Tools (2-6 month) • Web Design (1 month) • First car sold on our site (12 months)