nextbook
Post on 25-Feb-2016
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NextBookCassius Miller
Preston Dunlap Miguel Velazquez
Jair Garrido
Cassius
Cassius23 year old full-time studentBusiness Major at UTDComes from Single Parent householdHas worked 3 jobs at a timeHelps provide for Mom and little
brotherUses Textbooks every semester
Text Books: Today• Textbooks are expensive• The average student spends $650-1100 on
textbooks every year• The average student takes 5 years to complete an
undergraduate degree.• (5 years or school x average
cost of books)= $3250-5500 on textbooks for college
Textbook costs for buying used/new books past 12 monthsMarketing book:$120-160Finance book: $150-220Real Estate: $65-100Operations Management: $190-240Statistics: $120-175Tax Accounting: $260-300International Business: $80-100Entrepreneurship: $120-216Total Cost (used or new)= $1,105 to $1511
Textbook costs for used books past 12 monthsMarketing book:$80Finance book: $120 Real Estate: $56 dollarsOperations Management: $140Statistics: $90Tax Accounting: $200International Business: $60Entrepreneurship: $102Total Cost (rented)= $848
Solution?NextBook
Nextbook OverviewProvide students necessary textbooks at
low costEliminate the stress of getting
unnecessary textbooksAllow students unlimited textbook rentals
throughout their college career
How the Nextbook Membership worksMembership Start-Up Fee: $50One Semester Cost: $350One Year Cost: $ 600Two Year Commitment: $800Four+ Year Commitment: $1250Early Cancellation Fee: $100 flat ratePayment Plan Fee: $50 flat rate
The Order of our Target Market1. Business Students at UTD (7000+)2. ALL of UTD (29000+)3. Students in college in Texas (over 1
million)4. America (over 20 million people start
college annually)5. College Students around the globe
(over 200 million)
CompetitorsCampus
BookstoresAmazon.com eBooks.com
Strengths • Easily Accessible
• Strong School Culture
• Excellent customer service
• Wide variety • Low Prices
• Provides digital Books
• Targets all of Book Market
Weaknesses • Extremely overpriced
• Low inventory
• Too many other products
• No customer culture
• Inconsistent Shipping
• Digital Textbooks are not popular
Start-Up FinancialsStart-Up Expenses
Legal $2000.00Storage for Book Inventory $1500.00
Computer and Office Equipment
$5,000.00
Pre-opening Marketing $15,000.00
Used/New Books: Inventory $100,000.00Total Expenses $123,500.00
Start-Up AssetsCash in bank $10,000.00
Website $2000.00Total Assets $12,000.00
Recurring CostsRent (in future) $600.00Utilities $250.00Inventory $1000.00
Marketing $500.00Number of months 12Total Recurring Expenses(Annually)
$28,200
Total Estimated Start-Up Costs: $164,000
Your Investment is the Golden Ticket
Calculated start-up cost: $164,000*We estimate that we will be able to pay back within 1
year.If we get 164 students to commit to the $1,250
membership we have already surpassed breaking even*.
College Textbook Total Market: 18 BillionUTD Total Market: $37,700,000Your investment of $164,000 earns an
equity stake of 20%, and 25% of all fee’s.
Recap of Fees and Membership costMembership Start-Up Fee: $50One Semester Cost: $350One Year Cost: $ 600Two Year Commitment: $800Four+ Year Commitment: $1250Early Cancellation Fee: $100 flat ratePayment Plan Fee: $50 flat rate
25% of all fee’s also go to investors
Skills Profile and Benefits
Cassius: Business Administration, Founder, Motivational Speaker, Sales
Jair: Marketing Manager, CMOPreston: Sales/Public Relations/CCOMiguel: Production/MarketingNextbook: Students who face the issue of expensive textbooksBenefit: There are new students joining UTD everyday, which gives us a reoccurring customer basis
Partnership GoalsPartner with UTDPartner with Lupus Foundations to help
find a cure.Partner with charities to provide books to
underprivileged children
Questions??
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