Music App with Retail & Gamification Model
For sale is an app which aggregates all your music libraries and streaming platforms. The app is free and offers smart features such as the Artist info, Videos, static Lyrics with translation, Karaoke, Scores and Blind-test function. The Gamification model the owners developed includes a branded wallet, which rewards the user for using the app by getting Coins that can be exchanged at electronic retail chain partners. The wallet model works here 1/3 goes to the user, 1/3 to the retail partner and 1/3 to the app owner.
This app is fully developed and ready to expand in iOS and Android versions. It is also compatible with some specific devices, meaning that users can control them through this app as they would do with the default device app.The POC has been a success where the owners applied it and the Gamification business model works. The Industry is also responding very positively as this is a complementary indirect marketing approach to potential new customers, through a passion aspect of the user (music).
Highlights & Key Assets:
o User friendly app
o Nicely designed
o Good retention rate, people tend to use it daily once they downloaded it
o Recurring revenue through B2B contracts
o User rewarding model
o ROI is quite immediate if new owner already has access to retail partners for the platform
o Product is fully functional on the Amazon cloud, only need to change the logo and color
o Forecasted revenue for next 12 months is $89,000
Training & Support:
Full support and training will be provided. This is negotiable depending on your needs. The owner is committed to making it a success for a new owner. Founders also available for ongoing consulting or advising.
The current owners have used all of their capital and can’t invest anymore, which is clearly limiting the app. If a new owner could invest more into marketing that would clearly help to increase the user base, the retail partners and therefore the revenue. The current owners are simply tapped out and are open to offers.
Sale Pending: No
First Seen: Fri, Sep 15th 2017
Last Updated: Wed, Feb 21st 2018