Flashback

Learning & Developmental Opportunities

Provided Insight on the Collective Model
- "When starting a project like this, you must be clear if you want to do a charity or earn money. Both are perfectly fine, but there is no way for you to get the best of both worlds so pick one." - Mayur 2021

For-Profit Model
- Necessary to take a cut from the profit to remain sustainable long term
- Able to use profits to expand on a bigger scale and onboard more businesses, therefore making more impact
- Social Impact for current partners not fully maximised
Charity/ Non Profit
- Funding will be uncertain, thus growth and expansion will be slow
- Short- term impact made on the current vendors will be bigger as compared to a for-profit model
Hybrid Model
- Inspired Flashback to adopt a hybrid model
- Start as a Non-profit to grow in knowledge of the Collective Model and increase our credibility
- Progress towards a For-profit model with increased knowledge and credibility to generate bigger community impact.

Meeting with Mr Nah Yong En (Arts Business Management)

Provided insight on product value
- “Yes you want to be able to save these trades. But the question is “Is there still a demand for these items?” There is a reason why these trades are dying you know?”
Product Value on tradition items
- No longer in demand due to a wide range of choices available online
- Traditional Items are harder to make and cost more
- No longer practical for an everyday consumer to purchase items that are less functional but cost more
Creating Demand for Traditional Items
- Demand = How much people value these items
- Give people a renewed reason for people to purchase these traditional items
- No longer practical, so it is vital to find a new marketing angle and target demographic to sell the products to
- Eg. Market these products as “instilling a feeling of nostalgia”. People will be attracted not because they will use the items, but because it reminds them of something.

Future of Business = On mobile phones (specifically smartphones)
E-commerce merchants must be well equipped to accept payments worldwide to grow globally
4 main payment method preferences of E-commerce merchants
- Efficiency
- Easy to use
- Affordable
- Effective Service
One time Integration (Future of Mobile Payments)
- More scaleable for merchants to meet global consumers cost efficiently and effectively
- Reduces need for merchants to adopt new payment gateways one by one
- Reduces the need for merchants to worry about foreign conversion exchange
- Facilitates data exchange between merchants on the platform
- Provides a smoother payment flow
Not just a payment gateway, but also a marketing tool
- Allows merchants to remotely add discounts and checkout page
- Allows users enjoy more rewards via flash discounts, E-vouchers and daily rewards
- Increases Engagement and check-out rates

Fintech (The Digital Secret Sauce to reach more consumers globally)

100% Satisfactory rate on overall service provided by Team Flashback

75% Satisfactory rate on sales increased using Flashback's online collective platform

75% Satisfactory rate on communication between Team Flashback and Vendors