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  • sd@turbado 10:13 on October 14, 2014 Permalink |
    Tags: billion euros business, , , , we need help   

    Turbado | We need your help! 

    Turbado is a network of internet shops in each EU country, based on an innovative business model, where you don’t buy your electronics, but use them as yours as long as you want it and we take care it will just work as intended.

    Since the first idea of creating Turbado, registering its trademark, developing and verifying its viability, changing what had to be changed, finding local managers in several EU countries, opening local companies, offices, finding local tax advisers, lawyers, accountants and throwing money at them to verify our business model works in each EU country, developing our websites, redesigning them for mobile devices, making them more user friendly, secure and easy to order, implemented every local payment and delivery method, implementing the different local legislatures, requirements, languages, translations and different expectations of the local markets, getting us registered to local catalogs, price comparison websites, building back-links, writing and publishing PR articles, further developing advanced functionality of our web-shops, opening our network of warehouses, finding and training the good people to work with, solving local and international logistics, developing a warehouse connector to every our web-shop, daily updating of our prices based on the market situation, talking and meeting with suppliers, distributors, manufacturers, payment processors, credit insurance companies, inventory financing companies, banks, potential investors, and many other tasks that are necessary for running a business,

    we arrived at the stage, where we need external help with financing our inventory, financing our growth into new countries and financing of the initial marketing expenses.

    Until now, we were able to self finance our entire operation, investing over one million euros into the pre-launch stages and arriving to a point, where we are operational in

    HUNGARY | SLOVAKIA | POLAND | CZECH REPUBLIC | SPAIN | GERMANY

    We have 42 staff members that support our company, we have 4 warehouses that are able to fulfill the daily orders and delivery the orders to the customer next business day, we are getting orders every day from each country and we are fulfilling them with over 98% customer satisfaction. And even customers that were not satisfied for whichever reason, get a small gift from us as an apology for not meeting his or her expectations and we learn and advance by solving every large and small problem on the way.

    Turbado was self financed by the money we made in the previous years in TVPartner, a B2B trading company, which is now out of money for 3 reasons:

    1) Most of our focus was on building our B2C platforms, where we invested our time and money (1M euros)

    2) Tax office in Slovakia, Poland and Czech Republic, from where we were exporting the goods we sold, owe us over 3M euros on VAT held back, having open some tax controls for over a year, as trading with mobile phones is apparently a high risk business, and they are checking every inch of our companies and those of our suppliers and of our customers. We just don’t know when will our money be paid back to us.

    3) We don’t have enough stock in our 4 warehouses, as we don’t have means to finance them (point 1 and 2) and this way we are getting way less orders in the 6 countries than what we would with sufficient inventory.

     

    WE NEED YOUR HELP!

    We need:

    1) inventory financing – this is the most crucial for us at the moment, to have enough stock in the 4 warehouses. ESTIMATED 1 million euros is needed in 2014 and 3 million euros in 2015

    2) marketing financing – we need to acquire customers by giving first and receiving later. ESTIMATED 1 million euros is needed to acquire 200k customers, iPhone owners, that will want to upgrade their iPhone to a new one through us

    3) growth financing – we want to open 6-8 new countries every year. ESTIMATED 100 thousand euros per country is needed for the pre-launch stage and another 100 thousand euros per country for the initial marketing expenses

    4) trade financing – this is to get back into B2B as we made 2 million euros profit in the previous 1.5 years, which we invested into our B2C operation and the tax office holds back our money. ESTIMATED 1 million euros is needed to resume our trading business and continue building on the established relationships and experience

    TURBADO investors wanted

    TURBADO investors wanted

    What we give:

    a) Turbado aims to fulfill one million orders a year with a turnover around 350 million euros and profits over 20 million euros (thanks to our innovative business model of long term rental)

    b) TVPartner aims to resume trading, supplying web-shops and achieve over 1M euros profit @ 50M euros turnover in 2015

    c) collateral of over 3M euros which the tax office owes us, secured stock inventory in our warehouses, warehouse building of 1000 m2 in Slovakia that is our property, worth 150k euros; movable properties of around 80k euros,

    d) higher than industry ROI (thanks to our innovative business model), secured by our previous investments and inventory, optionally secured by company stock

     

    WE WANT LONG TERM PARTNERSHIPS

    Our success of having over 80 thousand B2C customers and over 2600 suppliers and B2B customers and stable growth is achieved by our long term vision, long term partnerships with clients, employees and customers and by our efficiency at delivering and keeping delivering even in the more difficult times.

    So if you are an investor, banker, venture capitalist, enthusiast with money, a fundraiser or anyone that can give us support, WE NEED YOUR HELP now.

     
  • sd@turbado 18:39 on September 20, 2014 Permalink |
    Tags: amazon.com, billion euros business, expert, ifa, , mediamarkt, ,   

    Turbado | IFA Berlin 2014 

    Turbado was presenting its services at IFA Berlin 2014, September 5 to 10.  You can see our online profile on ifa-berlin.de

    It was a busy week, lots of meetings, lots of talking and lots of new contacts. We had a great location for our stand this year, at hall 7.2C next to Amazon stand. Our CEO, Bertalan Bognar counted that over 130 thousand people passed by our stand and about 3 out of 10 noticed it, 1 out of 10 remembered after 30 seconds they saw a “Buddha” recently.

    Turbado IFA 2014 stand

    Turbado IFA 2014 stand

    But the more important thing is, we got noticed. We had companies coming to IFA only to meet us, companies and people from France, Sweden and Greece, interested in opening a franchised business with our services and a lot of business people wanting to work with us to offer their products on our websites in each EU country.

    Companies’ reps that walked by and also those that had their stands with interesting products, they got our brochure TURBADO – The next BILLION euros business, creating some shatters in the background 🙂

    Turbado IFA 2014 leaflet outside

    Turbado IFA 2014 leaflet outside

    And probably some of them read the inside as well, because they came back to us later in person or by phone and email to ask for more info:

    Turbado IFA 2014 leaflet inside

    Turbado IFA 2014 leaflet inside

    So another successful exhibition is behind us and we must continue our work towards that billion euros target, to get us notices by potential buyers in the future (hint: Amazon.com, Mediamarkt, Expert).

    I would like to thank to Lucie Kockova, Wasilios Spanos, Maic Dannemann, Bertalan Bognar to represent us in person at IFA, without which I would be sitting there alone 😀  Thank you guys, it was great to drink beer with you after hours 😉 and we are all looking forward to the next get together.

     
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