
-
2010 February 12
Company Description
Website
aDollarOne.com is a website where local businesses are selling their products and services for $1.01. Businesses are also offering an extra percentage off if the client decides to buy something else once he/she visit the store. (Ex. appetizer for $1.01+ 30% off entire food bill). Businesses are self-listing those deals therefore they can decide the number of deals, the day/s of the week when they can be redeemed, down to the specific time-frame (ex 3x manicure services Sunday and Tuesday between 10am and 8 pm). http://www.adollarone.com/products/detail/127/classic-spa-manicure/ (link to the actual live deal). Why would businesses want to offer products and services for $1.01 on our website? Just some of the key reasons: • To offset slow business on specific days/hours • To convert excess/perishable inventory into regular customers • To have an opportunity to up-sell these consumers once in the door • To introduce new products and services • To provide consumers with a strong incentive to visit their businesses Why would consumers want to use this website? • Because of the extraordinary savings • Because of the low cost/low risk commitment • Because they can try/test products/services for just $1.01 • Because we have yet to find someone who wouldn’t! We will be generating revenue from multiple sources, including $5 per month from businesses (they can list unlimited number of deals), the retention of the $1.01 paid by consumers, the $1.01 one-time business verification fee, various marketing and promotional programs. Market conditions are favorable and offer significant opportunity for growth. More than 75MM consumers browse the internet for savings each month while businesses have increasingly taken advantage of online promotional programs reaching nearly $12B. ADOLLARONE.com delivers a unique, innovative web-based service – a fully integrated, all-encompassing web portal that connects businesses with customers offering products and services through a whole new format. ADOLLARONE.com was launched on February 1, 2010 in the greater Los Angeles market. Venturino Piccolo and Nadine Curias own and operate the Company. To achieve the Company’s objectives, Golden Piccolo, LLC is seeking $ 450,000 in total funding through outside investment. Benefits of this revolutionary sales channel include: • Great way to introduce new products on the market • Businesses can list offers for certain days or certain hours to offset slow business • Businesses will pay per customer and not per click or per traditional advertising space. • Consumers are given the chance to try/test new stuff for as little as $1.01 • Members will have to register before they buy, giving the Company demographic information • Businesses will not be charged pay-per-print fees • Dramatically reduce the waste associated with unused products and services • Businesses could encourage repeat patronage through offering another coupon once the client has walked through their door • With the Company handling all of the monetary transactions, it can accommodate small businesses that do not have an online payment system of their own Pay-Per-Click versus Pay-Per-Customer Model ADOLLARONE.com enables pay per customer, as opposed to pay per click, marketing. Businesses pay nothing to post coupons on the Company’s website, and lose only the revenue that would have been gained from selling the product or service at full price. In many situations, this revenue was already lost as the product would have expired or the service slot would not have been filled. Instead of complete waste, the business has gained a customer that will potentially return to the business for future products and services at full price. In the Company’s pay per customer model, each business only “pays” for the customers that redeem the coupons, as opposed to pay per click models where advertisers are charged for every person that clicks an online advertisement, regardless of whether that person then buys anything from the business or is converted into a patron. This pay per customer model is a huge advance in online advertising and a revolutionary method of combining web models to unite consumers and businesses.
-
Manufacturer:
E-Commerce -
Formed:
February 12, 2010 -
Company Website:
-
Company E-mail:
-
Company Address:
Los Angeles, CAUnited States -
We recognize our sponsors starting at $1 per entry.
Learn more at https://www.ithistory.org/benefits