Bussiness Ideas
Lensroom Technologies is an AI-powered online platform designed to streamline the process of booking professional photographers. The platform caters to product-based startups selling on eCommerce platforms, small content creators, influencers, and travel bloggers. By leveraging real-time location tracking, Lensroom connects users with nearby photographers who match their budget and category preferences, allowing for instant or scheduled bookings.
The business operates on a marketplace model, charging photographers a 10% commission per transaction. Users will also be charged a 2% convenience fee starting from the third year. Photographers receive 88% of the transaction value in the first two years, which reduces to 85% thereafter. The average ticket size per booking is ?6,000, and the company aims to onboard 250 customers and 250 photographers at launch, with a projected customer growth rate of 10% per month.
Operational expenses include a fixed monthly cost of ?2,50,000 and variable costs such as payment gateway fees (2%), promotional expenses (3%), and infrastructure costs (server, hosting, SMS, API calls, and CDN).
Starting in Delhi NCR, Lensroom will expand to major Indian cities. The platform aims to disrupt the traditional photography booking system by offering a seamless, AI-driven solution that optimizes photographer availability and enhances user experience.
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