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DropConf is a new way of conducting on-demand conference calls. Our niche is to target the small businesses and home offices that do under 3 conference calls a month.
Basic App/Service Information
Users pay per conference room and have no monthly fee. Traditionally conference calling companies charge monthly fees and require you to reserve a conference room in advance. With DropConf users can create as many conference rooms as they'd like, on-the-fly, and a-la-carte.
Our target audience is small business and home offices who don't want to waste $15-$50 a month on a conference calling service. These contract services are only useful to people who will need to create many conference rooms over the course of the month.
This can be converted to a monthly-fee type service!! It's just not what we had planned for it if we were to operate it.
This is an unreleased startup. We haven't done any PR or promotion, we just made the site live for the purpose of this sale.
This is the perfect opportunity for someone looking to start a high-technology company, someone looking to make money online or for an existing company to purchase as an add-on to an existing product or service.
The Application - How It Works
This isn't a turn-key web script. We built this application from scratch for the purpose of building a business around it.
Users come to DropConf.com and signup. Users are not required to enter their credit card information when they signup. A new account will be created and they will have a free trial conference room with 2 free minutes to test.
If a user wants to create a new on-demand conference room they simply enter in a room name and click Create. Their account will be billed $5 and they will instantly have access to a new conference room in their dashboard with the information to give out to other participants.
On the conference room dashboard there is a set of functions that, as far as we know, no other conference room service has. They are unique to DropConf.
The user can enter in the phone numbers of the participants and DropConf will call them and place them into the conference room. The user can also see who is participating in the conference room and mute, unmute and kick participants right from the Conference Room Dashboard!
The entire process, from the homepage down to the Conference Room Dashboard is extremely intuitive and pleasing on the eye.
Technology Behind It
The telephony backend that powers the voice applications is powered by the Twilio technology. The application and web site itself are programmed in PHP with a MySQL backend. The service is currently being hosted on a server at RackSpace. It is recommended that the new owner utilize a dedicated server and not use shared hosting.
Prior Investment
As you can imagine, we have put in months of development and thousands of dollars in costs to get DropConf to be what it is today.
Pricing Structure
Our current pricing structure is:
The new owner can set whatever pricing they like very easily.
All payments from users are made through PayPal merchant services, they enter in their credit card information in the billing section of their account.
Costs
It costs $5 per month per toll-free number. The service currently only uses one toll-free number. You will not need more than one, you could offer dedicated toll-free numbers to users for an extra charge in the future.
You are making $5 profit on every new conference room created. It doesn't cost anything to the owner to create a new conference room.
It costs $0.05 per minute per inbound call to your toll-free number and $0.03 per minute per outbound caller (those who use the dial-in participants feature on the dashboard).
You are making $0.02 or $0.04 per minute per caller.
How Much You Can Make
If there are 500 conference calls a month each averaging 5 callers that spend 15 minutes on the call, you will make a profit of $3,250 a month.
With a little work and some simple PR like; reaching out to bloggers and a little advertising on Google. We believe reaching 500 conference calls a month will be easy and quickly attainable.
In fact, with a more aggressive approach to attracting users we expected to triple that and make a profit around $9,000 a month.
Maintenance
There is no daily maintenance required to keep this application running and making money. It's completely self serviced by the users.
Service Transfer & Setup
We will work with you from start to finish to get DropConf up and running on your servers and ready to begin making money. We will provide continuous support and training until the service is running on your own setup.
Rest assured that we will not leave you high and dry. You will get our full attention until DropConf is up and running at 100% on your own setup.
Why We're Selling It
We created a great app in DropConf. It has a well defined market (small and home businesses) and tons of potential with little risk (the conference calling industry is growing).
We are a team of developers. We're good at designing and building great applications, that is what we love to do. We created DropConf from scratch and we know we, being developers, that we will never truly maximize the value in this app. Our skill-set just doesn't apply, so we decided it would be best to sell it to someone or to a company who will profit greatly from it.
Price
Our BIN is $33,500
We are accepting offers. This is listed elsewhere and we have already been in contact/negotiations with potential acquirers.
Questions
If you have ANY questions, please do not hesitate to message me. If you have specific requirements or would like to add features, please ask and we will see if we can accommodate them.
Basic App/Service Information
Users pay per conference room and have no monthly fee. Traditionally conference calling companies charge monthly fees and require you to reserve a conference room in advance. With DropConf users can create as many conference rooms as they'd like, on-the-fly, and a-la-carte.
Our target audience is small business and home offices who don't want to waste $15-$50 a month on a conference calling service. These contract services are only useful to people who will need to create many conference rooms over the course of the month.
This can be converted to a monthly-fee type service!! It's just not what we had planned for it if we were to operate it.
This is an unreleased startup. We haven't done any PR or promotion, we just made the site live for the purpose of this sale.
This is the perfect opportunity for someone looking to start a high-technology company, someone looking to make money online or for an existing company to purchase as an add-on to an existing product or service.
The Application - How It Works
This isn't a turn-key web script. We built this application from scratch for the purpose of building a business around it.
Users come to DropConf.com and signup. Users are not required to enter their credit card information when they signup. A new account will be created and they will have a free trial conference room with 2 free minutes to test.
If a user wants to create a new on-demand conference room they simply enter in a room name and click Create. Their account will be billed $5 and they will instantly have access to a new conference room in their dashboard with the information to give out to other participants.
On the conference room dashboard there is a set of functions that, as far as we know, no other conference room service has. They are unique to DropConf.
The user can enter in the phone numbers of the participants and DropConf will call them and place them into the conference room. The user can also see who is participating in the conference room and mute, unmute and kick participants right from the Conference Room Dashboard!
The entire process, from the homepage down to the Conference Room Dashboard is extremely intuitive and pleasing on the eye.
Technology Behind It
The telephony backend that powers the voice applications is powered by the Twilio technology. The application and web site itself are programmed in PHP with a MySQL backend. The service is currently being hosted on a server at RackSpace. It is recommended that the new owner utilize a dedicated server and not use shared hosting.
Prior Investment
As you can imagine, we have put in months of development and thousands of dollars in costs to get DropConf to be what it is today.
Pricing Structure
Our current pricing structure is:
- $5 per conference room
- $0.07 per minute
- NO monthly fees (this is a big competitive advantage)
The new owner can set whatever pricing they like very easily.
All payments from users are made through PayPal merchant services, they enter in their credit card information in the billing section of their account.
Costs
It costs $5 per month per toll-free number. The service currently only uses one toll-free number. You will not need more than one, you could offer dedicated toll-free numbers to users for an extra charge in the future.
You are making $5 profit on every new conference room created. It doesn't cost anything to the owner to create a new conference room.
It costs $0.05 per minute per inbound call to your toll-free number and $0.03 per minute per outbound caller (those who use the dial-in participants feature on the dashboard).
You are making $0.02 or $0.04 per minute per caller.
How Much You Can Make
If there are 500 conference calls a month each averaging 5 callers that spend 15 minutes on the call, you will make a profit of $3,250 a month.
With a little work and some simple PR like; reaching out to bloggers and a little advertising on Google. We believe reaching 500 conference calls a month will be easy and quickly attainable.
In fact, with a more aggressive approach to attracting users we expected to triple that and make a profit around $9,000 a month.
Maintenance
There is no daily maintenance required to keep this application running and making money. It's completely self serviced by the users.
Service Transfer & Setup
We will work with you from start to finish to get DropConf up and running on your servers and ready to begin making money. We will provide continuous support and training until the service is running on your own setup.
Rest assured that we will not leave you high and dry. You will get our full attention until DropConf is up and running at 100% on your own setup.
Why We're Selling It
We created a great app in DropConf. It has a well defined market (small and home businesses) and tons of potential with little risk (the conference calling industry is growing).
We are a team of developers. We're good at designing and building great applications, that is what we love to do. We created DropConf from scratch and we know we, being developers, that we will never truly maximize the value in this app. Our skill-set just doesn't apply, so we decided it would be best to sell it to someone or to a company who will profit greatly from it.
Price
Our BIN is $33,500
We are accepting offers. This is listed elsewhere and we have already been in contact/negotiations with potential acquirers.
Questions
If you have ANY questions, please do not hesitate to message me. If you have specific requirements or would like to add features, please ask and we will see if we can accommodate them.
