Best Ideas 2019 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Explain your idea in details:
Many people today buy stuffs online using an e-commerce platform. But wouldn't it be better if they could find and rent a home online, saving them from stress and time searching for available accommodations? Getting access to affordable housing is one major social problem in Africa. Home Spot promises to proffer solutions. Our main objectives are: 1. Use our services to impact social change as part of the SDG's policy framework. 2. Revolutionised the Real estate industry in Nigeria and Africa. 3. We seek a fair and responsible profit, enough to keep the company financially healthy for the long term while proffering creative problem solutions. 4. To solve a social problem using latest web based technology. Through our activities we intend to fulfill our mission of adding liquidity to the illiquid rental and real estate markets, by transforming both the lodging industry and solving the existing affordable housing model. We will develop a secure user friendly website that supports high quality image interactions which would provide a customize user experience. Our ideal Hub would use latest web technology to: Provide an easily accessible 24 hours platform for accommodation searches, Create a totally centralized hub/market for accommodation bookings.
Expected impact of your idea on sustainable development
Home Spot intends to impact sustainable development in Africa as part of the target of goal 9 of the SDG's by providing enabling access to Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all. Also we intend to use Home Spot to "Significantly increase access to information and communications technology and strive to provide universal and affordable access to the Internet in least developed countries by 2020". We will measure success by considering our user adoption growth rate especially for those in rural communities like mine.
Plans for implementation and sustainability
How will Home Spot generate revenue? We have the following proposed revenue streams: Ads placement by leasers, Commissions for successful transactions. Our recurring revenue would be through ads placements on our website by verified sellers or leasers. Our market research shows that publicity has the greatest impact on peoples choice. We intend to use an aggressive marketing strategy which may include: Campus Radio adverts, Printed posters and bill boards for publicity, Offer discount for online transactions, Deploy on-foot personnel to solicit leasers trust in using our service platform, Search for Investors to increase available housing, Use of social media platforms such as facebook, twitter, instagram, snapchat e.t.c., Verbal or one-on-one sensitization. Our financing source plan is to invest some available personal savings. The cash flow projections show that the business will require additional funds. We have identified two options for raising further funds which are: Option 1: by seed funding application Option 2: last option is to approach a bank with a view to raising a medium- term loan
Creativity has been part of me from an early age. One thing for sure about me is that though I may move slowly but I never move backwards.