Explore GEN family of websites, social media experiences, blogs and more.

Unleashing ideas.
Strengthening startups.

Back to search results
    Date submitted
  • 23-May-2017

Qneo

Abstract

Qneo partners with Chambers of Commerce to offer their members a unique, cost-effective platform to reach new customers while generating annual recurring revenue for their organization.

Chamber members pay a small, monthly fee to have access to Qneo. They can submit up to 10 separate coupon offers in a 30-day window which our regional users can save. A Chamber receives a commission for each of its members on Qneo.

Once per day our users receive a bundle of coupons (Q's) from local businesses. They have 24 hours to save the ones they like. If saved, the Q is valid for one week and can be redeemed at that business with the tap of a button. Any Q that is not saved before the time is up is removed but immediately replaced by a new bundle of offers.

Each business has access to our web portal where they can track and view user interaction to improve their strategy or test ideas to use on other platforms.

Users are able to share a download link to friends via our share feature.

Video

Original YouTube URL: Open

Introduction Video

Photos

Additional Questions

Who is your customer?

Chamber of Commerce executives with 800 members or more who are progressive and innovative in ways they add value to their members and generate revenue for their organization.

What problem does this idea/product solve or what market need does it serve?

Chambers of Commerce are losing memberships due to new, younger business owners believing they can build their own network in today's digital age. Many Chambers also lack resources needed to continually add value to members in today's evolving business landscape. National retailers, from Starbucks to Target, are teaching customers to use their mobile apps to motivate purchase and reward loyalty. However, small businesses lack resources to build and maintain their own apps to compete. Qneo solves these issues by providing a cost-effective platform to small businesses, allowing them to reach local customers, by partnering with their local Chamber of Commerce so it has an additional value add to propose to members while also generating revenue for the organization.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

Qneo is built on the message that users (customers/shoppers) can save money and shop local, supporting their community - keeping more dollars in their community to strengthen it and help it grow. Having surveyed hundreds of shoppers we have found that the two most important factors that affect a purchasing decision are price/convenience and the ability to shop locally. Qneo solves both of these two major factors.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

Qneo partners with Chambers of Commerce to add value to their organization and leverage the existing relationships within the community. Doing so allows us to quickly expand to new markets rather than trying to form these small business relationships individually. We have built a platform which saves small businesses money while driving traffic to their business, pays Chambers a higher percentage than many other offered partnerships, and one that is fun and easy to use for local customers. Having already spent two years working with users and local businesses, we have created a product which meets their needs and allows business to stay local.