2015년 7월 4일 토요일

Couple App/Couple Messenger/Couple SNS - Between

커플 SNS/커플사진/커플메신져/국민커플 앱 -  비트윈 
Couple App/Couple Messenger/Couple SNS - Between

1. Introduction

 Between, VCNC’s couple exclusive SNS application, has become the official national couple app since its launch in 2011, with over 10 million downloads. In the early stage of its launching, Between obtained 100 thousand USD from Softbank Ventures, and 300 thousand USD in January 2013 from Softbank Ventures, Stonebridge Capital and KTB Network. Further to this, in February 2014, Between secured ‘strategic investment’ from DeNa, a leading IT company in Japan, which will serve as a firm foundation for global expansion. 60% of Between users are based in Korea, while the remaining 40% are users from Japan and other South East Asian countries and the global user base is increasing steadily. From providing couples with private space for chatting, posting pictures and updating their calendar, Between hopes to expand into a platform business through its addition of mobile shopping and gift shop function. 


Between  

2. Features 

a. Moments - Sharing pictures and memories between couples

 The main reason Between was able to position itself was by providing a private space for couples to post and share pictures on. Between was successful in satisfying couples’ largest needs which was a private space online for couples. There are many SNS services such as Facebook, Kakao Story and Instagram where people can share pictures with a wide range of friends, but there was no space for couples to share their pictures. This was not only a space for couples to share their intimate pictures but also a method of creating space where the couple be connected on-line. The best picture taken of the day can be set as the cover picture and a memo function which allows couples to write short notes to each other pulled couples more intimately together. The main screen shows how many days have passed since the couple started dating, helping forgetful men remember important anniversaries.




b. Between messenger provides couple exclusive chatting, cute emoticons and a PC version

 Between, not only used as private space but also used as a couple exclusive messenger! Unlike Kakao Talk or Line, the chatting function of Between enables couples to focus on one another without the interference of other people. As of April 2015, the accumulated number of messages sent through Between amount to over 26 billion messages and there are approximately 50+ stickers, showing how much investment is being made into Between messaging. In late 2014, a PC version was launched, which aimed to match the quality of the Kakao Talk PC version. As all other messengers, the basic business model was to create cute emoticons to raise revenues.



 c. Various events targeting various anniversaries and special days for couples

 After Between gathered a large user base of couples, their next concern was how to create a profitable structure while assisting couples to date. Starting with coffee or ice cream mobile gifticons, Between expanded its business model by partnerships with travel agencies, hotels and rent-a-car companies with extensive marketing. What is unique about Between is its present recommendation service which recommends birthday presents or jewelry or perfumes for couples while reminding them of the other person’s birthday one week in advance. However, as this has only newly been launched and there are a limited number of products and little revenue generated for now, it is difficult to say that how successful this service is for now. Providing events that can be enjoyed on a more frequent basis and finding synergetic partners to help design popular events will be critical in the future.

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  3. Business Opportunity

a. Business Model - Between has 4 business models; emoticon stickers used for chatting, a mobile coupon shop for lower priced convenience store focused products, a gift shop for couple bracelets, watches or shoes and marketing for special days or anniversaries. The emoticons of Kakao talk have the advantage of being able to widely use them after purchasing to a wide range of people, however since Between is only for couples, the portion of such sales is expected to be much less than that of other messengers. In the case of mobile coupons, Between differentiates itself from other services by enabling users to send them with cute emoticons. However, there are no distinct advantages or benefits for using Between’s mobile coupons and gift coupons, how they will overcome this will be interesting to see.

b. Global Platform Business - Line was successful in expanding into South East Asian countries such as the Philippines or Taiwan by launching stickers tailor-made for each territory and carrying out aggressive marketing campaigns. After procuring a user base based on the couple catting or picture sharing functions, it will be crucial to build commercial services by country. Personally, I believe that since South East Asian countries like Korean cosmetics and jewelry, enabling purchase of these products from abroad may be a good strategy.




4. Conclusion 

Currently, Between has procured a large user base, however it can be said that its business model has not been firmly established. By branding itself as a closed SNS service for couples and procuring a large user base, Between must naturally guide users to use their mobile commerce services. After validating services in Korea, Between must adapt it to the various countries for success in the local markets. How effective Between is at localizing the business model, how successful it is in creating contents, products, events and services will determine how successful it will be in becoming a global couple app.

[국민커플 앱/커플 메신저/커플SNS] - 비트윈 Between

2015년 7월 2일 목요일

Movie Recommendation/Movie Ratings/Movie Taste Analysis/Reserve Tickets - Watcha

Movie Taste Analysis App - Watcha

1. Introduction

 Watcha is a movie rating app, developed by a start-up company, Programs, for analyzing the movie tastes of people. More than half of the staff at Programs are programmers and Watcha is a well-established start-up service that has already retained funding amounting to 3.5 million USD. “Big data” and “Curation” are two words that can be used to describe Watcha, however Watcha is tuned towards recording the personal tastes of individuals rather than compiling mass opinion. 


2. Feautres

a. Expected Ratings and Movie recommendations


 Everybody has their own taste in movies. Some enjoy thrillers with a twist, action movies or superhero movies, while others like melodrama, romance or family oriented movies. Based on your past ratings, Watcha differentiates itself from other apps by recommending movies that suit your taste and by letting you know the expected ratings and thereby attracting viewers’ attention.




b.  
Latest Movie Information, Reserving Tickets 


 Reviews and ratings from sites such as Naver Movies or movie distribution companies have lost their reliability as part-timers are put on their payroll to rate their movies higher. Watcha is being effectively used as a promotion channel as it provides reservation rates and ratings of movies. Recently, Watcha began expanding its service areas so that viewers may watch movies real time that they want to watch by partnering with movie theaters, IPTV, Hoppin and other services.




c. 
Follow – Social Function for Enjoying Movies Together


 Watcha has a social function so that one can follow friends or movie manias. By following people with a similar taste in movies, you can check out reviews or ratings that the person you are following for more reliable ratings and reviews. It doesn’t stop there; a new function of managing movie partners enables you to control your movie friends. 


3. Business Opportunity

a. Business Model 

  Within Watcha, users are naturally attracted to TV/VOD, mobile movie and movie theater links. As users are naturally induced into such sites, Watcha can be used as an effective click/touch based marketing channel. Watcha also has great potential for becoming an efficient marketing channel of movie distribution companies by specifically targeting wanted customer segments based on the movie tastes of viewers, using the data of ratings. In addition, based on the large user base procured, Watcha may also rent out their ratings to other websites.


b. Risk/Opportunity 

 Maintaining the design of the recommendation algorithm, so that users can continuously rely on Watcha will be a critical factor in operating Watcha. If expected ratings were high, but actual satisfaction was low, Watcha’s algorithm is not doing its job properly. Although, Watcha cannot satisfy every user’s taste, losing the trust of users will be a long run risk the programmers must overcome. Recruiting movie critics and related experts may be one useful option to enhancing its credibility and eating up the market share of movie magazines and advertisements.

4. Conclusion

  Watcha is an unrivaled app in the movie sector backed by its smart programmers that have created a big data algorithm that is unparalleled by those of its kind. Great expectations for Watcha, on how it will efficiently deliver movie advertisements and increase MAU procurement through its elaborate recommendation algorithm. 

[영화추천/영화평점/영화취향분석/영화예매] 왓챠 Watcha - Click for the Watcha posting in Korean