Established Pay-per-bid auction seeking expansion capital - Investment Proposal at Venture Giant

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Investment opportunity

Established Pay-per-bid auction seeking expansion capital

An established lowest unique bid auction business is looking for £250,000 to execute the marketing and white label plan.

We have spent the last year testing the market with our fully operational auction platform. Customer retention is high, cost per acquisition is low and profit margin is between 50% and 75% per pound spent on the site.

Our USP is that the average winning bid is usually around 95% below the RRP. We make profit by charging customers to bid.

There is only one established competitor in this market with 85,000 customers that does not effectively use online marketing.

The founder has 7 years of experience at a FTSE 100 company in driving sales through online marketing and generated over $2 million net profit through retail customers in finance.

Total Funding Required:	£250,000.00
Min. per Investor:	£50,000.00
Industry:	Internet
Sec. Industry:	Retail

Region:	Central London
Proposal ID:	3033
Investment Reason:	Expansion Capital
Proposal Status:

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