Landlords pay-as-you-go similar to Upad.co.uk List property from your phone So simple, my 2 year old niece can create a professional looking listing [email protected] @WigwammHQ
their marketing footprint to scale • Generate some revenue, while critical mass built for auction 1. Control primary data: Listing App for agents - £50pm 2. Convert to using our platform as their website - £150pm 3. Critical mass achieved in an area, agents turn on auction • 1% of transaction value to Wigwamm (from weekly auction) – Average rent (£1400pcm) x Contract value (12 months) x 1% fee = £168 per property – UK auction revenue potential of £350m @WigwammHQ [email protected] Note: Wigwamm 1% fee of annual rent on transactions. Average tenancy 18 months. Revenue potential = £750bn x 7% average rental yield x 1% fee x 2/3 = £350m
UK property portals revenue £150m 1. Value proposition: e-commerce/one-stop-shop 2. Wigwamm UK revenue potential £333m** • If Amazon rarely had available stock, it would be a tiny player in a huge market. That’s Rightmove (and its clone, Zoopla). • We want to be the Amazon for £50bn of UK lettings*. • Listings = noise, frustration, fragmented market – portals – Rightmove, Zoopla, Gumtree, Craigslist – aggregators – Adzuna, Zillow, Trulia – start-ups – Zumper, Lovely • Websites = outdated – 3rd parties – Property Jungle, Homeflow, Estates IT, Expert Agent • Start-ups = trying to be agents – Rentify, OpenRent, Rentlord, AdvanceToGo [email protected] @WigwammHQ
years overseeing family property business 4 years travelling world opening investment banking offices Failed Computer Scientist Seeking business focused co- founder Famous designer behind Comic Sans Criminal Both full stack devs Caroline an expert on auction mechanisms Nathan also a talented designer Matt [email protected] @WigwammHQ
1,200 agents, to test market fit of auction – 80% of pitched to agents sign up for beta trial – have interacted with many tenants to help shape user experience – customers want the Listing App first • Product demos – Listing App: http://wigwamm.co.uk – Auction: http://old.wigwamm.com (use keyboard arrow keys) [email protected] @WigwammHQ