Bodner final presentation

Page 1

Howdy.


the pain points

As travelers - when we visit a new place, we have needs. Sometimes we need a local’s perspective. Sometimes we need to go swimming some place with a waterfall. Sometimes we need a ride.

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The Tour Guy


THE TOUR GUY dream big on your vacation


market opportunity Austin is the Capital of Texas and the Live Music Capital of the World. These distinctions, coupled with exceptionally strong housing and job markets, ensure a constant influx of new visitors and inhabitants to our city. Every week in Austin, there is a festival, a conference, a graduation, a seminar, a concert, a sporting event, and/or anything else. Our visitors want to have a good time when they are here and tap in to what makes this place unique. 4

The Tour Guy


Primary Market Validation - interviews

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The Tour Guy


Primary market validation - survey 1

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The Tour Guy


Primary market validation - survey 1

BIGGEST PAIN POINT Finding Things to do Transportation Airport/Flights Kids N/A Cost Time 0

4.5

9

13.5

18

Survey 1 - 38 Responses

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The Tour Guy


Primary market validation - survey 1 Ideal TOUR

Local/Insider

Customized/Personal

Misc

Historical/Cultural 0

3.5

7

10.5

14

Survey 1 - 38 Responses

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The Tour Guy


Primary market validation - survey 1 MOST IMPORTANT THING

Local/Insider Sightseeing Transportation Eat, Drink, 
 Shop, Have Fun Other 0

3.5

7

10.5

14

Survey 1 - 38 Responses

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The Tour Guy


Primary market validation - survey 2 YES

NO

YES

6%

18%

82%

94%

1)

If there were a service where you could call a local and ask them for recommendations, would you be interested?

2)

If so, what would you be willing to pay for this service, if it proved valuable?

Avg - $10.64

NO

1)

Under similar circumstances, if there were a service where you could fill out an online form listing your likes, dislikes, and goals for your trip - and then receive a personalized itinerary within the hour, would you be interested?

2)

If so, what would you be willing to pay for this service, if it proved valuable?

Avg - $9.14

Survey 2 - 17 Responses 10

The Tour Guy


findings

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Based on the surveys, reliable transportation and finding things to do are the biggest pain points of being in a new city.

People want unique, local, and customized options when they travel.

Everyone is different in how they wish to connect to good times when they visit, vacation, or go on business trips.

Enter - The Austin Tour Guy. The Tour Guy


solution/services offered The Tour Guy is not just a tour guide. He’s a comprehensive solution to any and all needs of the modern traveler.

Market Validation

Transportation

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Phone Consultations

Tours

Blogs, Reviews, Videos

Personalized Itineraries

Dance Lessons The Tour Guy


Competitive Analysis and value proposition TOURS ATXcursions, Austin Detours, Access ATX

pros: nice vehicles, organized, fun cons: overly structured, touristy, pre-set

TRANSPORTATION Cabs, Cap Metro, Limo Service, Ride Share

pros: price, luxury, convenience cons: questionable working knowledge of the city, won’t let you DJ

RESOURCES/Info Google, Lonely Planet, Yelp, Trip Advisor

pros: vast amounts of accessible information cons: too much data, not human, passive, no dialogue

Dance Lessons Two Left Foots, Austin Swing Syndicate

pros: fun, cheap, knowledgeable instructors cons: only one: I have better bad jokes

All of these options are great in their own right, albeit with deficiencies. The Tour Guy’s value is in combining these resources in a convenient, accessible way. 13

The Tour Guy


how it works

Market Validation Browse Web and Social CALL DIRECTLY

Fill OUT 
 CONTACT FORM CONSULTATION

CUSTOMIZED PACKAGE
 AND QUOTE

GO

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The Tour Guy


marketing objectives

Market Validation 1

Gain credentials and legitimacy

2

Showcase expertise

3

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Acquire Customers

The Tour Guy


1) gain credentials

Market Validation

Safety and credentials will be concerns of any one seeking any type of guide. The Austin Tour Guide Association certification will help address this concern. It will also provide me with a valuable historical background of the city, which I currently lack. Once certification is complete, ATGA markets their guides on their website and on affiliate visitor websites, like the Austin Convention and Visitors Bureau’s. 16

The Tour Guy


2) showcase expertise

Market Validation This will be done by creating content to be distributed through The Tour Guy’s various marketing channels. This will include videos, reviews, editorials, emails, and anything else. The purpose of this content is to showcase a unique love and perspective of the city, coupled with a playful and engaging personality. This part will be easy, especially when they see me Two-Stepping in my Pink Gorilla suit.

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The Tour Guy


3) Acquire Customers: Initial PPC Campaign

Market Validation

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The Tour Guy


3) Acquire Customers: Initial PPC Campaign

Market Validation

I bid on the keywords listed on the previous slide. So far, some of them are getting decent traction. “Things to do in Austin,” and “Austin Tour Guide” have above a 7% CTR. An average CTR for Google AdWords is around 2%. There are too many factors to consider right now to estimate on actual conversions once they get to the website, but at least people are clicking on the ads. “Things to do in Austin” is costing about $0.49 a click. A decent conversion rate once they land on the website is anywhere from 2-5%. So for every $49 dollars spend on PPC, I can expect 2 - 5 conversions. Pricing and estimates will vary, but the tour guides I talked to make anywhere from $50 - 100 dollars an hour with a minimum # of hours. Taking this into account, the ROI on a campaign like this would be high.

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The Tour Guy


3) Acquire Customers: ATGA WEBSITE

Market Validation

As discussed, after certification, ATGA lists their guides on their website. They are currently #1 in SEO rankings after a search of “Austin Tour Guide.” They also list their guides on affiliate websites, like the Austin Convention and Visitor’s Bureau. This will be a very valuable buffer while I establish my own marketing mix (web, social, digital, on and offline, guerilla, etc.). 20

The Tour Guy


LauncH roadmap/Timeline Mid

Mid

Late

January ‘17

February ‘17

March ‘17

Market Validation Finish Touches

Begin Tour Guide

Build Contacts/

Certification

Partnerships

on Website,

Hotel Concierge Services, The Broken Spoke, The White Horse

Social Pages, and

Create Marketing

content for

Materials (flyers,

website and

brochures,

Social Presence,

guidebooks),

begin building

Compile Contact

website to store

List for Email

Early

January ‘17

February ‘17

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Begin PPC campaign and distribution of marketing materials, Begin tours

Content.

Begin Creating

Early

Launch

Marketing

Finish Tour Guide Certification, List on Austin Tour Guide Association Website, Tours by Locals, and other Tour Operator Websites

Early March ‘17

April

The Tour Guy


Financial Analysis/Growth Strategy

The first three years will be focused on: 1) demonstrating profitability 2) showcasing steady, if modest growth 3) establishing partnerships 4) creating strong relationships and reviews from customers If these criteria are met, The Tour Guy will seek additional funding for expansion. This funding will be used to acquire a party bus and additional employees.

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The Tour Guy


thank you/feedback/questions


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