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Need a car occasionally?. Have trouble with parking space in the city?. Need to repair your car?. Need to drive in one direction?. Need a second car sometimes?. Want to save the planet?. Do not want the hassle of owning a car?.
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Need a car occasionally? Have trouble with parking space in the city? Need to repair your car? Need to drive in one direction? Need a second car sometimes? Want to save the planet? Do not want the hassle of owning a car? You are not a frequent driver and need a cheaper alternative? Want to access it for 7/24 ? In a hurry? Or miss the bus? Do not want to deal with paperwork everytime?
Our Mission To provide a simple,flexible and affordable alternativeto private car ownership that enhances the environmental, economic, and social well-being of our stakeholders and planet.
Value Proposition • Cost efficient driving experience for 7/24 • Easily accessible parking spots in city centre • Free of return choice • No insurance, fuel, maintenance expenses... • No fixed payments • Pay as much as you drive!
Industry analysis • Rising population in Istanbul • Increasing number of car ownership • Improving public transportation system but: Is it enough ?? • Economic factors • Environmental problems • Rising traffic congestion and scarcity of parking space
Target Customer • Occasional drivers • Capable of using the technology • Do not own and/or cannot afford owning a car • Need a second car for some times • Have trouble in finding parking space in city centre • Need to drive in one direction only • Environmentally concious
Distribution Channels • One main office • Website • Telephone line • Temporary kiosks
Salesprocess & strategy • Sales goal 1:20 • On-site • Off-site
Marketing strategy • Target market • Marketing way • Influencing customers
Why is mycarrightforyou? You would rather be alone in the car Bus & train are fine, door-door is quicker You would like to have your car, but as student it’s too expensive You would like to lease a car near your home You only need a small car for short journeys Convenient for carrying around shopping bags
Customerrelationshipmanagement • Customer profile • Call Center • FAQs
MarketIng plans • Enhanced &constantly updated web page • Providing press releases& key articles • Direct mail marketing • Internet advertising • High quality brochures • Celebrity endorsement
CelebrIty endorsement Deniz Akkaya da artik “MyCar” kullaniyor! Alkollu olarak araba kullandigi icin basi surekli derde giren Deniz Akkaya cozumu artik Istanbul’da iyice yayginlasan MyCar arabalarinda bulmus. Kullanis acisindan cok kolay olan ve oldukca ekonmik olan bu arabalar Avrupa ve Amerika’dan sonra artik Turkiye’de de kullaniliyor. Daha fazla bilgi icin www. mycar.com.tr’yi ziyaret etmenizi oneririm.
Partners • Government municipalities Parking space • Restaurants, cinemas, clubs... Discounts for MyCar members
WE OFFER YOU A PROFITABLE BUSINESS... • Break–Even point achieved in the 2nd month of the 3rd year • Fixed Costs being spread over years • After tax profit of 563,319TL at the end of Year 3 • ROE = 38% • Low costs leading to low prices, therefore to satisfied customers
PRICING STRATEGY • We offer the CHEAPEST prices to customers but get the HIGHEST revenue.
Revenue drIvers • Pricing base; Minutely fee ; 0.25 TL per minute Application deposit(refundable); 500 TL Membership fee ; 100 TL per month Penalty fees
PRICING STRATEGY • Pricing below all our competitors with regarding our costs • Differential pricing; the more usage more discount. • Low prices → high # of customers → high revenues.
Long term strategIes • Growth • Extending the business scale • Evolution of vehicle offerings • Rate Adjustments • Application & per hour fees • Membership penalties • Launch in a new city
Risks&Possible Problems • Necessity for large fleet • Attracting new customers: Expensive & Takes time • Issuing the right amount of membership fee and penalties • Difficult marketing • Underperforming vehicles • Hybrid car legistation