2polyglot june2015 en
TRANSCRIPT
2POLYGLOT.com We understand everyone!
Polyglot is international freelance platform for tutors, translators, copywriters and tour guides.
THE MAIN IDEA OF PROJECTThe project is able to help people communicating in different languages to resolve cooperation issues while making the world better.
We understand
everyone!
2polyglot – is an international service for lingualancers (linguistic freelancers),
which unites translators, copywriters, tutors, tour guides helping them to earn money
and those who need their services.
Key moments:
* Service is available all over the world;
* It does not depend on political situation (war, corruption);
* Service is totally legal and clear;
* Longtime perspective;
* It does not depend on location. An office can be opened in any country, in any
moment it is possible to take a laptop and to go for ruling the business in
another location.
TASKS OF PROJECTWe help Customers to choose qualified specialists.
1. TranslationsFrequent tasks are translation of documentation,
specifications,necessity of interpreter for a business meeting ,
conference, negotiations. We assist in resolving this issue.
2. Tutoring and educationPeople cooperate all the time. We help to overcome an obstacle
of language barrier, uniting a lot of tutors on our platform.
3. Tour guides and sightseeingFirst impression cannot be renewed. We assist in making the
first impression about a city bright and interesting with the help of
our service tour guides.
4. Texts are always neededIn the age of the Internet content development people need
qualified information such as texts for websites, books, essays or
other materials. We help to realize finished texts and to write
new ones.
5. Possibility to earn money using one’s knowledgeEvery linguist can earn money thanks to one’s knowledge. It is also
possible to improve oneself and to become more qualified
professional. And we assist in it.
PRODUCTWe have already got the ready functionality in opened beta-testing.
We do not hesitate to implement the best and useful experience from
other services and competitors.
Function of projects operating
and reminders for both Executors
and Customers
Project system
Possibility of payments receiving,
Arbitrage system
Safe Purchase
PayPal is integrated, other
payment systems are going to be
implemented.
Payments receiving
A lot of settings for editing, and
operating.
User account
Permanent work on improving
filtration of Executors and
Projects.
Flexible search
Mechanism of interface
multilingualism, 7 languages are
planned to be integrated, 2
languages are implemented.
Multilingualism
CURRENT SITUATION
1. We have working prototypeWe launched our project on March, the 24-th in 2015 and
now there are 2000 Executors and 3500 subscribers in social
networks.
3. We have a strategyWe gather all ideas from simple to global ones. We
work on every idea and hypothesis planning
development strategy of the product.
2. We have a team14 employees work on our project. They are
specialists and enthusiasts who believe in idea and do
their best for making it real as soon as possible.
4. We have supportSupport of committed and interested people. Financial
support is included.
5. We have salesFunctioning ability was confirmed by successful deals.
We got to know it from those who were suggested to
use our service.
We strive for making name of our project a synonym for quality and usefulness in the area of linguistic
services. We are planning to become a leader in area of freelance services with the help of linguists.
COMPETITORS ?!
There is an active audience and demand (confirmed by 34 respondents).
Our competitors have
either niche services or
multi-disciplinary ones.
Resource 2polyglot.com proz.com upwork.com elance.com fl.ru profi.ru preply.com
Services linguists translators all all all all tutors
Multilingualism + + - - - - +
Expandedfunctionality + + + + + - -
Safe Purchases + - + + + - -
Products shop + - - - - - -Newsline and notificationsystem
+ - - - - - -
OUR ADVANTAGESOur project is oriented on solving Customers’ tasks operatively, qualitatively and for an
adequate price. We connect thousands of Customers to thousands of Executors.
1. We unite specialistsIn order to satisfy Customers’ needs in a linguistic area
we offer them a wide choice of Specialists.
2. We keep data safeWe save your projects, certificates, documents as long
as required. On a discrete fail-safe server with
everyday reserve copies.
3. We work in the entire world and in
many languagesWe have no limits for countries, languages,
nationalities. We are pleased to unite all people in our
project.
4. Multi-disciplinarityProject was developed taking into account Translators,
Copywriters, Tutors, Tour Guides (editor-corrector and
stenographer are being considered).
5. InnovativenessService is free. One user can combine different roles
and specialties. We develop clever selection of projects
and specialists.
6. Safe PurchasesWe defend Customers from losing money in case of
undone work or unqualified work by Executors. We
refund all money if Executors do not complete the work.
MarketThere are competitors, big companies, good services in this niche, but there are extremely few of resources,
which unite linguists with different specializations in one place. The market is wide and dynamically emerging.
Volume of world market of
translation services – is
about 47$ billion per year,
26$ billion per year on the
market of tutors’ services!
$73 billion per year
Total quantity of people in
the area of services of
translators, tour guides and
tutors exceeds 1.5 million
persons
*according to competitors’ sites
1,5 million professionals
42% of additional specialists
are forecasted to be in the
translation area services in
2020
+42% of specialists
Rate of increase of the
translation services market is
about 15% per year
Rate of increase
73 1.500.000 42% 15%
FORECAST
On a base of free data, surveys and competitors analysis we make current forecast.
$6 125
$17 100
$35 200
$58 750
$25 900
$36 500 $36 500 $34 500
$0
$10 000
$20 000
$30 000
$40 000
$50 000
$60 000
$70 000
III, 2015 IV, 2015 I, 2016 II, 2016
Income Expenses
MONETIZATIONOn a base of free data, surveys and competitors analysis this is what we are planning
Quarter III, 2015 IV, 2015 I, 2016 II, 2016 Sum
Number of Executors 8000 19000 31000 45000
Number of Projects 950 2800 6000 10500
Turnover, thousand. $ 120 420 900 1510
Income from deals, $ 4275 12600 27000 46750 90625
Income from PRO accounts, $ 1850 4500 8200 12000 26550
Expenses, $ 25900 36500 36500 34500 133400
11INNOVA Powerpoint Template
AMBITIOUS PLANSWe count our expenses. We approach to any expenses economically.
We are planning to achieve self repayment within 14-18 months.
300 thousand of ExecutorsTo gather a base of 300 thousand executors, conversion 2%.
Service fee is 9$ per month or 65$ per year.
400 thousand $= 300000*0.02*65 in first year from service fees.
Shop salesFees from articles sale are 10%.
200 thousand $ per year
Additional monetization (4-10% from partners)Finding partners such as hotels, educational centers.
Partner income 4-10% of the sum of purchases.
Income amount depends on popularity of a brand of Polyglot.
Forecast for 5 yearsAfter 5 years we consider gathering a base of Executors more than 1 million,
increasing conversion of paid services about 3-4% and income up to 20 million per
year.
Safe purchases serviceGuarantee of deals making with 10% fee (5.2% without taxes) of the sum.
250 thousand $ per year
0,85 1,52,6
6
20
0
5
10
15
20
25
2016 2017 2018 2019 2020
Income, million,$
PROPOSITION FOR PARTNERS AND INVESTORSWe are not afraid of receiving of help. The Product is needed and will evolve.
1We salute PRWe are ready to share
information about our product,
participate and organize
meetings, events, communicate
with mass media.
3We invite investorsWe are ready to consider
propositions starting from 50$
thousand.
2We accept assistingWe are glad to communicate
with mentors, professionals,
committed people.
4We welcome partnersWe are looking for partners for
realization of the diversity of our
ideas.
OUR TEAM14 persons of our team are specialists in different areas – marketing managers, translators,
submitters, copywriters, PR managers, SMM specialists, programmers and just good
people.
Founder
Andrey Prudko
Entrepreneur, owner of marketing
company, IT developer.
12 years in web technologies
area
PR manager
Alexey Lemberg
25 years in events organization area,
uniting people, public relations.
For last several years has been actively
developing SMM
International direction
Vasyl Tsyktor
Official member of the European Youth
Parliament (EYP-Ukraine).
З years experience in organization of
international events
Marketing manager
Pavel Nastoburko
5 years experience in Marketing
2 years experience in Internet
marketing and SEO promotion.
More than 160 successful projects
THANK YOU
http://2polyglot.com
+38(067)-953-53-51
twitter.com/polyglotservice facebook.com/2polyglot vk.com/polyglot_service
Polyglot is international freelance platform for translators, copywriters, tutors and tour guides.
We understand
everyone!