πŸ“ˆ Unicorn Signals | Acquisition Project
πŸ“ˆ

Unicorn Signals | Acquisition Project

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The Elevator Pitch

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Imagine you are creating your Trade Setup for the next day

And you see 100s of stocks to select from but don't understand which to pick!

Frustrating right?

Here’s Unicorn Signals

A Stock Research Platform that makes picking stocks easier and faster.

We make this happen with the help of 20+ years of research experience built into AI systems that detect stocks that might see breakout or breakdown in the next trading session and bring them to you for Cash Intraday Trading, Stocks Future Intraday Trading, Swing Trading and Short Term Investing in a simple and clear way through our web and mobile applications. It provides you with crucial levels to remove the guesswork of entry prices and stop loss.

If you are a Trader or Investor, you can easily get the most out of the platform and make your stock market journey 10x better.

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What is the Product?

Unicorn Signals is a Stock Research Platform that helps traders and investors to pick stocks in an easier and faster way.

What Are The Features of the Product?

β€’ Market Prediction
(provides a prediction on how major indices can move for the day. Available for Sensex, NIFTY, BANKNIFTY, FINNIFTY & MIDCAP NIFTY. Covers Cash and Futures segments.)

β€’ Stock Analyzer
Gives you access to all necessary data on 5000+ listed stocks based on technical and fundamental data.
Best thing about this one is that it provides you with buy sell rating of the stocks you want based on technical indicators.

β€’ Ask The Analyst
Analyzes stocks and gives you current trend and insights on whether you should hold or sell a particular stock

β€’ Intraday Trading Scans for Cash & Stocks Future Segments
Provides a list of stocks that are nearing breakout and breakdown with necessary levels to ease the selection process

β€’ Swing Trading Scans
You get list of stocks that will be see breakout and breakdown the next day with levels that a trader can enter above for short term trading

β€’ Investment Opportunities
This provides stocks from the Midcap and Smallcap segment for short term investing

β€’ Daily Target & Stop Loss
Provides support and resistance levels for 5000+ listed stocks based on the traders risk appetite, divided into 3 Conservative, Moderate and Aggressive)

​‒ Sector Analysis
Gives you live standing of each sector in the Indian Stock Market

β€’ Stock Signals
Get insight on Buy and Sell Zones of the stocks on your watchlist so you can make a better trading/investing decision on for that particular stock. You can check status of 5000+ listed stocks in the Indian Stock Market

β€’ Analyst Zone
Experienced market analysts provide their views on the market and stocks (not advice just for educational purposes)

Apart from these there are other features as well like

Gap Up Gap Down Stocks, Continuous Trend, Live Option Signals, Morning Clues, Circuit Upper/Lower, Stock Price Analysis, Out Under Performers, Near 52W High/Low, Top Gainers & Losers, Pivot Calculator, F&O Lot Size, IPO Scanner and Market Calendar.

Everything a Trader Has Ever Wanted!

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Product Showcase
Google Play Store

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User Registration/Onboarding

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In App Features

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What Problem Does The Product Solve?

Unicorn Signals is a platform designed to simplify the complex world of stock market trading and investing for its users. It primarily aims to address the following problems:

  • Lack of reliable market information: Users often struggle to find accurate and timely stock market data and analysis. Unicorn Signals provides various tools and data points to help users make informed decisions.
  • Difficulty in identifying trading opportunities: Spotting profitable trading opportunities can be challenging. The platform offers intraday scans, swing trading scans, and other features to assist users in identifying potential investment avenues.
  • Complex market analysis: Understanding market trends, analyzing stocks, and making sense of technical indicators can be overwhelming. Unicorn Signals simplifies this process by providing user-friendly tools and insights.
  • Risk management: Managing risk is crucial in trading and investing. The platform offers features like stop-loss and target levels to help users mitigate potential losses.

In essence, Unicorn Signals strives to empower users with the necessary tools and information to make more informed and confident trading decisions.



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Core Value Proposition

​Unicorn Signals is in the business of providing accurate and timely trading scans with crucial levels to help traders and investors make informed decisions and potentially increase their profits from the stock market.

Essentially, it promises to be a one stop solution through the complex stock market, offering insights that can give users a competitive edge.

When talking to actual users of the product there were a few common points that stood out among everyone

1. It has saved them lot of time and energy by having a short list of stocks rather than having 100s of stocks to select from.

2. The support team was quick to resolve any issues and helpful enough to clear out any queries they have.

3. People who have renewed the subscription said that it provides enough data so they don't have to rely on any telegram channel or advisories for tips and recommendations.

4. While referring they would use the words fast, accurate and quick support to describe the product.




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Understanding the Users

The total number of users interviewed are 9
Out of which 4 have been users of competitor's products, 2 are Subscribers of our premium plans, 3 are churned users, 2 of them are users who have not paid for the premium plan but are using the free version.

Findings from the people using competitors products:
β€’ They are majorly in the age group of 25-35 and have started their stock market journey 4-5 years back.
β€’ Their major investments are into Mutual Funds, Long Term Stock Investments and they engage in Swing Trading rather than Intraday Trading due to time constraints from their work.
β€’ Ticker tape and screener were products they had majorly used and stock edge being the choice of 1 interviewee.
β€’ When made aware about a solution that could make the process easier and faster for them, they responded positively to the features.

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Findings from users of the product:


Premium Subscribers
β€’ They belong in the age range of 27-40
β€’ When asked what could make their experience better, they prompted that they are happy with the current setup as their needs are being fulfilled.
β€’ When asked about if they would refer it to their friends and family, both gave a positive response.

Churned Users:
These users belong to the age range of 25-35
β€’ When asked about their reason for not continuing with the paid service, 2 of them prompted they stopped trading due to other priorities.
β€’ 1 User did not understand the app that well but when they were explained how it works and how they can make better use of the app for their trading style they were happy and said they would try it once again.

Free Plan Users:
β€’ They are in the age range of 25-40
β€’ They are beginners in the stock market and have not understood the actual use of the app.
β€’ They need to be made aware how it can help them
β€’ When shown a way to use the app for their needs, they were keen to explore the app further.

User Research Questions and Responses:
1. Questions: Check here
2. Responses: Check here




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Ideal Customer Profile

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Criteria

User 1

User 2

Name

The Focused Trader

The Chaotic Trader

Age

25-35

35-45

Demographics

Abhishek

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(refer the table below)

Location: Tier 1 Cities
Marital Status: Single

Education Level: MBA Graduate
Occupation: Sales Manager at a FMCG Company
Income level: Above 10 LPA

Location: Tier 2 & 3 Cities
Marital Status: Married

Education Level: B Com. Degree/No Degree

Occupation: Runs a local business
Income level: 15 LPA

Need

A simple and fast way to pick stocks for trading and investing

Needs better way to do Intraday Trading and make it a second source of Income but doesn't want to spend too much money behind it.

Pain Point

Not being confident enough to determine whether to enter a stock or not. Takes confirmations from multiple places before taking trades.

In his current style of stock picking Abhishek goes through information overload, decision paralysis and has time constraints as main pain points.

Not able to pick stocks by himself so relies on random groups, friends, relatives on stock advice.

Solution

A platform that provides him with necessary levels for entry prices and other crucial stats so he can make better decisions confidently without investing too much time.

A platform where he can find stocks by himself with little knowledge about the stock market.

Perceived Value of Brand

Provided with crisp information that no platform is providing, ease of use, trustworthy, quick with support and assistance.

Easy to understand platform, crisp data for quick decision making, quick support and assistance.

Marketing Pitch

Can't make out the right entry and exit points for Swing Trading?


Try Unicorn Signals, it helps you make better decisions with crisp stock analysis, pre-screened stock list for swing trading all built with 20+ years of research experience into 1 easy to use platform.


Taking random tips or following your friends advice on intraday trading and making bigger losses day by day?

Try Unicorn Signals, a reliable stock research platform that will remove your reliability on random tips forever!

You can easily select stocks from a pre-defined list based on our stock selection models made using 20+ years of research experience.

Goals

Macro Goal: To make better profits from the stock market.
Micro Goal: to make the process faster and become confident in making decisions.

Macro goals: Build a second source of income
Micro goal: to create this opportunity via stock market with limited knowledge and limited fund allocation.

Frequency of use case

6 Days a week, as he is an active trader

6 Days a week as he wants to day trade.

Average Spend on the product

Rs. 600-1000 per month

Rs. 400-1000 per month

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We have multiple users of a product and not all of them can be our ICP for whom we make our strategies, we need to prioritize.

Criteria

ICP 1

ICP 2

Adoption Curve

High

Low

Appetite to Pay

High

Medium

Frequency of Use Case

High

High

Distribution Potential

High

Low

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ICP 1 is more likely to adopt, pay, use and distribute the product. Hence, it will be the ideal choice to prioritize in the acquisition strategy.​

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Understanding the Market

Competitor Analysis

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Factors

Tickertape

Screener

Stock Edge

What is the core problem being solved by them?

Efficient stock research, news about stock deals and presents stock forecasts to help them make smarter trading and investing decisions.

Difficulty in finding good stock ideas for investing and trading.

Data aggregation, it gathers data and provides at one place.
Screening capability: Provides screeners based on technical analysis tools for users to select stocks.

What are the products/features/services being offered?

Content, information and analytics on financial market instruments like stocks, ETF & mutual funds.

Data of the financial markets, stock screening, technical and fundamental data, news and announcements,

Real Time Market data, Advanced Charts, Portfolio Management, News and Alerts, Fundamental Analysis, Derivatives analysis, Educational Content, Sector Analysis.

Who are the users?

Individual Investors, Young Professionals, Experienced Investors, Students and Learners

Individual Investors, Young Professionals, Experienced Investors.

Retail Investors, Day Traders, Swing Traders, Long Term Investors, Options Traders, Financial Analysts

GTM Strategy

Focused on a niche market, Education First, Leveraging Technology, Partnerships, Freemium Product offering.

Their primary GTM is Search Engine Optimization.

Providing Educational Resources, Technology driven approach, strong digital presence. content marketing, Partnerships, Customer Support.

What channels do they use?

Mobile and Web App.
For discoverability: Instagram & YouTube are their major platforms.

Discoverability from Google Search is on highest priority.

Digital channels include: Mobile App, YouTube content marketing, Email Marketing, SEO, Paid Ads.

Offline: Partnerships & Events

What pricing model do they operate on?

They provide Monthly, Quarterly and Yearly Plan

Provides yearly subscription plan for the premium offerings

It has 3 Categories
Premium, PRO & Club. All of which are available on Monthly and Yearly Basis.

How have they raised funding?

Seed round of Rs. 370 Million by Smallcase

Unfunded/Bootstrapped

They have raised $1.9mn from a Seed and a Corporate funding round

UX Evaluation

User Experience and layout of the web portal is easy to understand

User experience and layout is clean and easy to use.

Design style is slightly outdated but does the job.

What is your product’s Right to Win?

Our product provides crisp and to the point data that is easier to understand and use compared to the screeners provided on Tickertape.

Screener alot of screener based tools and flexibility to screen stocks but is not providing the crucial levels for entry in those stocks nor is the data directly actionable, user has to derive from their own analysis (which takes alot of time) whether to enter the stock or not.

It has too many features that can confuse the user and cause a delay in the decision making process and overwhelming the investor.
Our platform combats that by providing to the point data on which execution of trade can become faster.

What can you learn from them?

UX, a few features that could benefit our user base and payment process.

Search Engine Optimization Strategy

Content marketing and educational content creation

Monthly Traffic

5.13mn

26.63mn

2.64mn


Market Potential and Current Position
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Total Addressable Market =16,00,00,000 Demat Accounts in India
This is derived from the data published by ICICI Direct
When multiplied with ARPU this comes to Rs. 17,44,00,00,000

Serviceable Addressable Market = 88% of the TAM
14,08,00,000 Users
The number is derived from a research paper published by Securities Exchange Board of India (SEBI)

Serviceable Obtainable Market
Taking the current state of user acquisition, Unicorn Signals has 3,50,000 Registered Users

Which accounts to 0.24% Market Share of the total SAM
We have obtained the 0.24% of the market share till now​

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Acquisition Channel

Channel Prioritization

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Channel Name

Cost

Flexibility

Effort

Speed

Scale

Lead Time

Organic

Medium

Medium

High

Low

High

High

Paid Ads

High

High

Medium

High

High

Low

Referral Program

Medium

High

Medium

Medium

High

High

Product Integration

High

Low

High

Low

Medium

High

Content Loops

Medium

Medium

High

Low

Medium

High

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Priority Channels

For Unicorn Signals the channels that fit the criteria of Effort, Flexibility, CAC, Lead Time and Scale are

  1. Organic Channel
  2. Paid Ads
  3. Referral Program

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Organic Channel

For Unicorn Signals there is no set Organic Search strategy, the organic users we get is via the primary website EquityPandit.com. A funnel has been created inside the existing website itself which takes users to the product.

Keyword Research

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Keyword

Volume

SEO difficulty

Paid Difficulty

CPC

Use Case

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intraday stocks for today

22200

46

13

β‚Ή 32.71

stock screener india

12100

46

25

β‚Ή 36.91

stock screener

74000

54

6

β‚Ή 0.84

swing trading stocks

8100

42

8

β‚Ή 38.58

Brand





unicorn signals

1300

26

3

β‚Ή 40

Competitor

​

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stock screener india

12100

46

25

β‚Ή 36.91

screener.in login

14800

39

2

β‚Ή 0.84

Use case topic

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stocks to swing trade

3,600

44

9

β‚Ή 30.20

how to find multibagger stocks

1,000

12

23

β‚Ή 20.13

how to find stocks for intraday

880

24

26

β‚Ή 36.07


Findings from keyword research

The keywords with highest volume fall in the Use Case category and the SEO ranking difficulty is Medium for them. Since we have not implemented an SEO strategy particularly for this product, we don't have data on Search to click, click to registration and registration to paid user metrics.

I propose a basic SEO Strategy where we will be publishing content to tackle the problems from the use cases.

My selected keywords to work on will be
1. Intraday stocks for today
2. stock screener
3. swing trading stocks
4. stock screener india
5. stocks to swing trade
6. stock screener india

We shall initiate by optimizing Title and Meta Descriptions for existing pages, if pages don't exist we shall build new pages that are relevant to the keywords. Secondly, we will start publishing content around the keywords and questions users have.
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Paid Ads

CAC to LTV Ratio:

As suggested by AP in the live session, a healthy CAC:LTV ratio is 3 and above
Our current CAC:LTV Ratio based on rough numbers is 1.38
CAC calculated as
Total amount invested in Sales + Total Amount invested in Marketing / Total number of acquired customers

LTV calculated as
Average Revenue Per User * Customer Lifespan

CAC: Rs. 250
LTV: Rs. 329

Conclusion: This does not qualify the product for Paid Ads

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Referral Program

Proposed Referral Program

Context:

When the user signs up for the product, they are greeted with a host of Free Tools that can help them make better trading and investing decisions.

Having knowledge about the stock market and finances has always garnered a good social status among peers for people residing in India.

My suggested Referral flow will be based on the following

Who will you ask for a referral?


1. Users who have performed stock searches for a minimum of 3 times on Stock Analyzer or Ask the Analyst.
Context: When a user searches stocks for 3 times, the data they have found on each or one stock has helped them in some way or the other to make a better decision. This is a potential happy moment where they can be prompted for a referral.

2. Users who have checked Market Prediction for 3 days in a row.

Context: When a user is using Market Prediction they want to know how the stock market's movement will be for the particular day. When they use it for 3 days, it gives an idea that it has been useful for them. This is a happy moment which can be utilized as a prompt for a referral.


How will they discover it?

First User Story (Stock Analyzer and Ask The Analyst users:
A banner will appear below the result

Ask The Analyst

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The Banner Copy will be: Love the analysis? Share it with friends and earn Unicoins and unlock a host of Premium Features!

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Stock Analyzer

1000141169.png

A Banner will be placed between these two sections:
Banner Copy: Share trending stocks with your friends and Unlock Premium Features!

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Second User Story (Market Prediction Users):

1000141173.png

A Banner will be placed here to make user aware of the referral program.
Banner copy: Know how the market will open? Let your friends know too!

Why will they share it?

With the wave of stock market and trading in India, possessing knowledge about it gives one a positive boost in social situations.

With sharing data like Market Prediction and Stock Analysis with their peers, it can make them look better among them.

Since we are on the Why part, it is essential for me to include the platform currency:
UNICOIN
A user can use Unicoins for multiple cases
1. To unlock certain premium features for a specific duration of time. This will give them an idea of what is inside the premium section. For example, 1000 Unicoins will unlock 2 searches in the stock scans feature where they can see the bullish/bearish zone of the stock.

  1. To use it for discounts on the purchase of premium plans. For example 5000 Unicoins can help get them 20% Discount on the original price of the premium plan.

The benefits will include:

  1. Money: in terms of platform currency Unicoins. The Free User can collect Unicoins and use them to unlock premium features like Scans for Intraday, Swing Trading and Investing or Get credits for Using the Stock Signals feature where one can get bullish and bearish zones of any stock. Second use case can be to avail discount on Premium Plans that will include all the premium features.
  2. Dopamine: When sharing things like a market prediction or a stock's analysis with someone, it gives people a feeling of knowing something that other's don't know.
  3. Fame: Sharing knowledge that people only know among their peers will make their social status better making them feel proud of themselves.


How will they share it?

Users will be sharing their referral links on Whatsapp, Telegram and SMS as the primary channels for communication among traders and investors have been identified to be these.

The communication will happen here in two ways here:

  1. 1 to 1: Sharing with particular friends/family members/colleagues etc.
  2. 1 to many: Sharing with groups that they engage in on a day-to-day basis.


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Here is a simple flow of how will they refer:

User uses Stock Analyzer or Ask the Analyst for 3 Times.jpg

For better visibility:

Check this

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How will they track?

Users will be given a dedicated screen where they can check the number of referrals they have shared and the number of successful referrals gained. This will also have a wallet that will contain all the Unicoins they have earned through referrals and where they have spent them as well.

How will they keep referring?

Once a user completes their first referral successfully
They will be prompted with a screen that introduces them to things they can get via referring to more and more people.

Example Milestones with their rewards:

  1. 10 referrals will get them access to Cash Intraday Scans for 2 Days
  2. 25 referrals will give them access to Swing Trading Scans + Stocks Scans + Tutorial on how to use them
  3. 50 Referrals will unlock Unicorn PRO section for them for 3 days


Content Loops

Since, we cannot utilize Paid Ads as an acquisition channel, Content loop is the next best thing for us as per the criteria of prioritization.

For Unicorn Signals, two major platforms can help us grow through content.

  1. YouTube
    Educational Content related to capital markets can increase the discoverability of the product and drive user and customer growth for us.
  2. Quora
    As we know Quora is the go to place on the internet for getting your questions answered.
    A lot of Indian people who are clueless about investing and trading in the stock market ask questions regarding the same. Answering relevant questions and adding links directing to the product can create a good source of discoverability for the product.


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Conclusion

Unicorn Signals is a stock research platform designed to simplify the complex world of stock market trading and investing for its users. It offers various features and data points to assist users in making informed decisions, including:

  • Market Prediction for major indices
  • Stock Analyzer with technical and fundamental data and buy/sell ratings
  • Intraday, Swing Trading, and Investment Scans with crucial entry and stop-loss levels
  • Daily Target & Stop Loss suggestions
  • Analyst Zone with market and stock insights

The Ideal Customer Profile

  • Age: 25-40 years old
  • Occupation: Sales manager, business owner, etc.
  • Investment goals: It could be things like building a second source of income, making better profits, or growing wealth)
  • Pain points: Difficulty selecting stocks, information overload, lack of confidence in decision-making
  • The ICP chosen to prioritize is ICP 1 as it fits all the given criterion.

Competitive Edge

Unicorn Signals' Right to Win lies in its focus on providing easy-to-understand, actionable data with clear entry and exit points. This is a differentiator compared to competitors who may offer a wider range of features but can be overwhelming for users.

Current Market Position

Unicorn Signals has a user base of 350,000 which represents a 0.24% market share. There's significant potential for growth, considering the total addressable market of 140.8 million users in India.

Recommendations

  • Organic Growth: Implement a basic SEO strategy targeting high-volume keywords related to use cases (e.g., "intraday stocks for today").
  • Referral Program: Encourage existing users to share the platform with their network by offering incentives like "Unicoins" (platform currency) for successful referrals. Unicoins can be used to unlock premium features or get discounts on subscriptions.
  • Paid Ads: Based on current CAC and LTV calculations, paid ads are not recommended at this time. However, this can be revisited as the user base grows and the CAC:LTV ratio improves.
  • Content Loops: YouTube and Quora can be utilized to create content loops for the product.

By focusing on these areas, We can attract new users, improve brand awareness, and establish ourselves as a valuable resource for traders and investors in the Indian market.

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Thank You




































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