invention 2 venture: tyler droney
DESCRIPTION
Tyler Droney is currently a senior at the main campus of the Pennsylvania State University. He is the first of his immediate family to attend college and he is majoring in business finance with an economics minor. After achieving his bachelor's degree from Penn State, he plans on attending law school. Tyler also participates in extracurricular activities such as Thon and the National Society of Collegiate Scholars. In the little free time he has, he enjoys watching just about any sport (especially teams from Pittsburgh), playing video games, hanging out with his friends and family, and just being your typical 'college student'. After graduating from Penn State, Tyler plans on using his business degree to help further expand GroceryU to other universities.TRANSCRIPT
FOUNDERS: Tyler Droney
Lucan Schmidt
Brandon Salvador
ABOUT THE COMPANY
GroceryU is a grocery delivery service serving the main campus of the Pennsylvania State University and the surrounding residential areas
Eliminate the hassle of finding a way to the store Save time by ordering from your home Offer reasonable prices and a wide variety of
products Have groceries delivered right to the convince of
your home
THE IDEA November ‘08 Five male roommates
Two years living downtown State College with no vehicle
Hassel of taking the bus No large grocery stores within walking
distance Always ran out of food and had to eat out more
resulting in spending more money
Spring semester of ’09 initial brainwork began
START-UP Declined for a loan needed to come up
with an investment strategy to obtain the necessary start-up funds Nine Investors
Majority being family and friends
Other start-up setbacks?
LAUNCH: AUGUST 31, 2009
HOW IT WORKS Free sign-up
Browse our store and add groceries to your cart Over 3,300+ items available
Choose a delivery time (4pm-10pm) Groceries are delivered next day to your door
if you place your order by 2am
WEBSITE HOMEPAGE
ADDITIONAL FEATURES Different weekly sales Ability to save grocery lists for future
orders Numerous aisles to shop from Parents/guardians can add funds to their
son’s/daughter’s account Refer-a-friend feature allows you to tell
your friends while earning an extra $5 We accept all major credit cards, Lioncash+,
and GroceryU funds We gladly accept any product suggestions
CURRENT OPERATIONS
Over 150+ accounts created Approximately 70+ orders successfully
delivered
Average of $80 per order Average of 2 orders per day
TARGET MARKET
Students Off campus
Also on campus (orders are just typically less)
No vehicle No meal plan
Permanent residents of State College Retirement communities Single parents Handicapped persons
MARKETING
Flyer
T-Shirt
Magnet
OUR VEHICLE
THE COLLEGIAN
Ad and Article A lot of response from article 15 day advertisement
BANNER Provided alternative beverages and food
Such as bottled water, chips, juices, ect This allows us to hand out flyers as well as
hang up our banner
LIONMENUS Three month campaign
Delivery Order Online Search
FACEBOOK 285 registered fans
Multiple sign-ups Promo codes specifically for Facebook
BROCHURE
More informative compared to flyer Used at retirement communities and senior
citizen homes Use to hand out to the residents in the area Also used on weekends (especially home
football weekends) around town to hand out to the parents/guardians of students
FUTURE PLANS: Placing brochure in move-in packets for
apartments in town; and even FTCAP for incoming PSU students
PAPER MENU
Alternative to online ordering People who don’t have internet access May not know how to use a computer
Mainly geared towards those in retirement homes and senior citizen centers Usually have a drop box in the commons area and
specified pick up/drop off days
STUDENT GROUPS
Marketing 422 Marketing 450W
English 202D Communications
VIDEO ARTICLE (PSN NEWS)
OTHER POTENTIAL ADVERTISING
Need to continue to best target anyone within the area that can benefit from our service Need to adjust to consumer’s wants/needs
New advertising you may see soon; Ads placed in the CATA buses Banner hanging at THON Banners hanging at more fraternities and even bars Ad placed in the Centre Daily Times Newspaper
WHAT’S NEXT FOR GROCERYU?
We plan to further establish this location and continue to find new marketing strategies
We hope to eventually reach all the student market and residences within the area
We would like to add more zip codes within Centre County, such as Bellefonte
Our dream: to establish this location enough to allow us to expand GroceryU to other
universities on the eastern/southern coast
WE ARE…GROCERYU!
“Where We Shop For U!”
www.groceryu.com