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Listing ID: 1491455

New Discount & Point Redemption Website & Mobile Apps (iOS & Android) For Sale

Petaling Jaya, Selangor, Malaysia

BUSINESS SOLD

(Furniture / Fixtures included)

Revenue: $ under 100k

Cash Flow: $ 0 to 100k

Business Description

New innovative and first of it's kind online discount & point redemption website for takeover!!!

INTRODUCTION OF THE WEBSITE

It is an online discount and point redemption programme devoted to the consumers in Malaysia and caters to their daily community advance needs. The programme is specially designed to capture attention of the young generation discount seekers comprising of affluent young adults, regular shoppers, teenagers, college students and tech-savvy adults with core target aged between 15 to 40 years old.

It is the only online discount and promotion website in Malaysia that doesn’t practice profit sharing and we’re offering free services to all our participating merchants. The programme is a cost-free platform for our merchants to increase their monthly sales revenue and a perfect cross-referencing concept for all merchants to utilise on each other’s customers by offering their discount on daily basis. It is also the first deal website that offers reward points to our users. Members entitled for reward points for each deal redemption and after a certain period, they can redeem products or gifts from our website using the reward point which they have collected.

Members are also able to get daily notifications on the latest deals and promotion once they have subscribed to our notification feature. We’re working closely with renowned associations such as banks, cinemas, telcos, loyalty programme companies, social messaging companies, publishers, colleges and travel agencies by offering free membership to their online members. With our geo-targeting capabilities, deals in the surrounding 1 km radius will appear on the member’s smartphone too.

It was officially launched on 6th January 2015 at Berjaya Time Square Grand Mahanttan Ballroom and was featured in 5 major newspapers such as The Star, Sin Chew, Berita Harian and etc. Currently, we have more than 500 participating merchants with us and we have more than 500,000 member database with us too. By having these ready resources and exposures, successful buyer is able to start business immediately even without a proper office as it can be operated from the buyer's home.

It is a fully functional website that includes domain name, dedicated server for hosting, payment gateway (ipay88, VISA/Mastercard, Online Debit for Local Banks (FPX) and PayPal) and integrated with CRM (Customer Relationship Management) and CMS (Content Management System) for both admin and merchants. Asking price is RM 350,000 for the entire business. A proper proposal will be provided upon request. Meanwhile, you're able to login to the website and facebook page for more details.


HARDCOPY COUPON REDEMPTION

1. Visit the website and login with username and password then search for merchant’s outlet and details.

2. Click into merchant’s page for full discount info then click on “Redeem Now” button to print out hardcopy coupon from a normal printer. Few credits will be deducted (depending on discount value) from member’s account once the button is clicked. Merchant will also be provided with info once the button is clicked.

3. Pass hardcopy coupon to merchant and redeem discount once arrived at the outlet. This works exactly like other discount coupon portal in Malaysia such as Groupon, Milk A Deal or DealMate. Merchant will verify the coupon serial number with their computer, laptop or tablet and system will provide reward points to the member immediately.


MOBILE APPS REDEMPTION (iOS & ANDROID)

1. Activate the mobile app and login with username and password then search for merchant’s outlet and details.

2. Click into merchant’s page for full discount info then click on “Redeem Now” button for booking the discount before arrival. Few credits will be deducted (depending on discount value) from member’s account once the button is clicked. Merchant will also be provided with customer info once the button is clicked.

3. Provide redemption code to merchant to key in for verification purpose. Redeem deal or discount from the outlet and also get reward point immediately after payment has been made. Merchant with smartphone is able to download the merchant app and scan the QR code featured in the user's mobile app to complete the redemption process.

4. Mobile apps can also search for categories, location and nearest outlet in the surrounding premises once its switched on because it's equipped with location based technology (geo-tags).


HOW WE EARN OUR PROFIT?

As mentioned above, we don't make any profit from our participating merchants because we don't take commission or profit sharing from them. Instead, we make money from our users by selling coupon credits to them. We're selling our coupon credit package at RM 15 for 20 credits.

Users who wish to redeem deals or discounts featured in our website is required to purchase coupon credit from our website before they're allowed to redeem the said deal or discount. We strongly believe that users will reload their coupon credits regularly (targeted average 1 time to 2 times a month) once they find that our website and mobile apps is useful and beneficial to them.

Property Details

Years Established:

1 year

Property Type:

Lease

Other Details

Competition:

Groupon, Living Social, Ensogo, Lazada, Alibaba, Amazon, etc.

Operation Details

Employees:

5

Trading Hours:

9 am to 6 pm

Support & Training:

2 months guidance and support

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Do not have sufficient fund to proceed further and make it a successful online discount & point redemption website.

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BusinessForSale.com

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VAT No. 747791385 Company
Registration Number: 3788210

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