tempo
Redfin for luxury watches.
PROBLEM
Authenticity is an important concern for luxury watch buyers.
Forums are tedious to navigate and price tracking and sales records are lost in the clutter.
No easy way exists to buy, track watch sales and verify authenticity for an individual seller.
Legacy of watch owners' is lost in history due lack of record keeping.
Watches need service and currently there are no easy to use tools that allow you to upload service records and get service notifications.
Web platform for watches where users can buy and sell, verify service records and receive notifications, get recall info from manufacturers and subscribe to market data plans allowing them to see historical sales records and owner prominence.
SAVE MONEY w/ MARKET DATA
MAKE MONEY
BE WATCH HISTORY
buyers are associated w/watch for a lifetime
SOLUTION
see market data before making purchases
from watch sales
1,000 monthly
chrono24.com
Source: http://www.watchuseek.com/advertise
Source: http://www.chrono24.com/offer
successful private sellers
VALIDATION
forums.watchuseek.com
watch enthusiasts & decision makers each month
4 million
ONLINE LUXURY SALES (GLOBAL)
Total available market.
Source: Bain & Company
ONLINE WATCH SALES
Serviceable available market
Source: Bain & Company
$322
"Luxury market grew by 5% to an estimated €1.2 trillion globally in 2017"
Source: Bain & Company
$4.9
in(billions)
Estimates are 3% (4 billion) of 41% (13.57 billion) of the accessories market that makes up 23 billion of total global online sales.
in(billions)
$737
in(millions)
15% of available market
SALES W/TEMPO
Share of market
MARKET SIZE
1) SEARCH BY BRAND
2) REVIEW LISTINGS
3) BUY IT!
PRODUCT
We take 2.5% commission on each transaction.
$737
in(millions)
15% of available market
SALES W/TEMPO
Share of market
Source: $5,000 is the avg watch price on chrono24
$150
AVG FEE
1 watch @ $6,150
$5.5M
REVENUE PROJECTED
Projected by 2020
BUSINESS MODEL
$99
MONTHLY
watch market
data access
Premium subscription plan.
2
Sources of income.
Events
target events monthly
Partnerships
watch market reports
Watchuseek
dual posting feature
Salon International de la Haute Horlogerie (SIHH) 20,000 people
Baselworld 145,000 people
Dubai Watch Week 6,500 people
MARKETING & GROWTH
EASE OF USE
search by price and condition
PROFILES
browse seller profiles and buy in 3 clicks
DESIGN & BRAND
memorable name
1st to Market
for crytpo currency-based watch sales and service/defect record tracking
SELLER INCENTIVE
crypto purchase option means lower transaction fees and service record tracking lessens buyer concern
LIST ONCE
after watch serial number is added, history tracked for lifetime
COMPETITIVE ADVANTAGE
ROB
CO-FOUNDER & CTO
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s
MICKEY
CO-FOUNDER & BIZ DEV
TEAM
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s
DAN
MARKETING & OPERATIONS
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s
We are looking for 12 months of financing to reach 20,000 transactions on tempo.watch.
initial investment opportunity
ANGEL ROUND
WATCHES SOLD W/TEMPO
avg $150 fee
REVENUE
over 12 months
2.5M
20K
$500K
FINANCIALS
thanks
TEMPO
By Rob Sawyer
TEMPO
Redfin for the luxury watch market.
