Switemshop

Switemshop (an online store builder) is a market response that empowers SMEs and businesses in the informal sector to expand their horizons by taking advantage of the global marketplace which the internet presents. Switemshop has potentials because it provides a low-cost, low-risk means of owning an online business. It encourages entrepreneurship, wealth creation, empowerment, and can boost a nation’s GDP.

Fundraising

This venture has not initiated a round of financing on this platform. If they choose to, the summary of the fundraising round will appear to registered investors here.

Idea

We only have a longer pitch. We want you to sign an NDA before we share our business plan. We plan to execute a proven concept in a <abbr title="Base of the Pyramid">BoP</abbr> market.
We only have a longer pitch. We want you to sign an NDA before we share our business plan. We plan to execute a proven concept in a BoP market.

Switemshop is an intuitive ecommerce platform to promote and sell products/services of Startups & SMEs to a global marketplace in a professional manner thus boosting brand recognition, credibility, patronage and income for SMEs. Offered on a monthly subscription basis, the platform is a low cost, low risk, scalable solution to improving SMEs’ revenue avenues.

Team

Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product. Given the time and money, we can deliver on our promises.
Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product. Given the time and money, we can deliver on our promises.

Mr Michael Egwali - Head of Strategy & Business Development; Mrs Mayokun Catherine Egwali - ICT consultant


Product

We have a demo or prototype and are ready for the next step. We have developed the product ourselves and own all of the <abbr title="Intellectual property (IP) rights are legally recognized exclusive rights to creations of the mind.">IP</abbr> for the product. The product is built with open hardware and/or software, so there is no proprietary third-party IP.
We have a demo or prototype and are ready for the next step. We have developed the product ourselves and own all of the IP for the product. The product is built with open hardware and/or software, so there is no proprietary third-party IP.

The product is currently in beta stage.

Revenue

We already have revenue from paying customers.
We already have revenue from paying customers.

It involves a monthly, quarterly, or annual subscription model. Addon services like website design, search engine optimisation (SEO), graphic design, digital marketing etc would be available to interested customer for a fee.


Inclusiveness

We involve low-income groups as consumers. We involve low-income groups as distributors. We involve low-income groups as employees.

It is a solution for low-income earners. It provides a low-cost, low-risk means to starting and growing an online business. Benefits include: 1. Increase in revenue avenues 2. Easy access to goods and services via access to websites hosted on the e-commerce platform. 3. Increase in profits for business due to more sales

We involve low-income groups as consumers. We involve low-income groups as distributors. We involve low-income groups as employees.

We aim to reach 10,000,000 people

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Impact

  6. Investment

Team

Updates