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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?
Hereβs 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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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)
ββ’ 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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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:
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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βUnicorn 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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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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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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Criteria | User 1 | User 2 |
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Name | The Focused Trader | The Chaotic Trader |
Age | 25-35 | 35-45 |
Demographics | Abhishek | β |
(refer the table below) | Location: Tier 1 Cities Education Level: MBA Graduate | Location: Tier 2 & 3 Cities Education Level: B Com. Degree/No Degree Occupation: Runs a local business |
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. | 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? |
Goals | Macro Goal: To make better profits from the stock market. | Macro goals: Build a second source of income |
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 |
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 |
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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.β
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Factors | Tickertape | Screener | Stock Edge |
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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. |
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. | Discoverability from Google Search is on highest priority. | Digital channels include: Mobile App, YouTube content marketing, Email Marketing, SEO, Paid Ads. |
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 |
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 productβs 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. |
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 |
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 nowβ
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Channel Name | Cost | Flexibility | Effort | Speed | Scale | Lead Time |
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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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For Unicorn Signals the channels that fit the criteria of Effort, Flexibility, CAC, Lead Time and Scale are
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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.
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Keyword | Volume | SEO difficulty | Paid Difficulty | CPC |
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Use Case | β | β | β | |
intraday stocks for today | 22200 | 46 | 13 | βΉ 32.71 |
stock screener india | 12100 | 46 | 25 | βΉ 36.91 |
stock screener | 74000 | 54 | 6 | βΉ 0.84 |
swing trading stocks | 8100 | 42 | 8 | βΉ 38.58 |
Brand | ||||
unicorn signals | 1300 | 26 | 3 | βΉ 40 |
Competitor | β | β | ||
stock screener india | 12100 | 46 | 25 | βΉ 36.91 |
screener.in login | 14800 | 39 | 2 | βΉ 0.84 |
Use case topic | β | |||
stocks to swing trade | 3,600 | 44 | 9 | βΉ 30.20 |
how to find multibagger stocks | 1,000 | 12 | 23 | βΉ 20.13 |
how to find stocks for intraday | 880 | 24 | 26 | βΉ 36.07 |
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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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I have particularly taken Google Play as the number of Android Users are on the higher side compared to iOS users.
Based on the keywords for Search Engine Optimization, I had picked up some keywords directly related to the product and added them to an App Store Optimization (https://keyapp.top).
β’ It has given me insights regarding the keywords and where the app is ranking on the app store.
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Validation of the data
As seen in the Screen Recording below, we can see the app is currently not ranking high for one of the mentioned keywords.
By applying App Store Optimization Practices like:
1. Using a relevant keyword in the name
2. Adding relevant keywords in the short description of the app
3. Adding relevant keywords in the long description. Here we have an opportunity to add multiple keywords that are related to any features. For example, Intraday Stocks Screener and Swing Trading App keywords can be added to Intraday Signals and Swing Trading Signals features' description in the long description.
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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, three major platforms can help us grow through content.
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Platform | Hook | Generator | Distributor |
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Learn Section on the Unicorn Signal's Website | Structured Content regarding Intraday Trading, Swing Trading, Short Term and Long Term Investing in the Indian Stock Market | Unicorn Signals Team | SEO (Google Search) |
YouTube | Long Form and Short Form Videos educating stock market traders and investors regarding better ways to trade, strategies of trading and market news | Unicorn Signals Team | YouTube Platform/YouTube SEO |
Stock Analyzer and Market Prediction Results | Results of In App Features | Unicorn Signals Team | App Users |
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- Once the users clicks on Learn Better Trade Better on Home page, they will be directed to dedicated page for learning where they would find Text and Videos based learning for particular topics related to the stock market.
- When the user clicks on Learning Modules they would be directed to a page which has structured Text based modules with short video explanations on on How to get started in the Stock Market, Intraday Trading, Swing Trading, Short Term Investing and Long Term Investing. We can create this with the help of our content team.
- When they click on Videos, they would be redirected to a page where they can learn Strategies related to Intraday Trading, Swing Trading, Short Term Investing. These videos will have Unicorn Signals the platform being used by the educator to conduct research for picking stocks.
When the instructor is using the platform it will create a buying intent with the user.
- To give the user a sense of accomplishment and to test their knowledge, we can add a section for tests where multiple choice question based tests will be provided to them.
This section particularly will be behind a registration wall. The user will have to create an account to access the tests.
- The Learning Modules will be open for all, people can access them no strings attached. We will be optimizing each and every text and video module for SEO to drive traffic to the individual pages.
Intraday Trading Module
Swing Trading Module
Short-Term Investing Module
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Graphical Representation of the Idea
1. When the user lands on the home page, they will see a LEARN button on the header
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We will be able to generate traffic for the Unicorn Signalsβ website through this addition boosting overall growth in terms of user acquisition and eventually revenue as well.
Getting Started page for users who land on the Learn Page
After this page they will get dedicated lessons based on their choice.
I propose adding Share features on the most used features of the app like Market Prediction, Stock Analyzer & Ask The Analyst
Users can be nudged to share results from their analysis of stocks and predictions of how the market will move.
Hypothesis: Assuming 5% of the users will share the results with their social circles or on social media platforms.
Sharing this will be available for Whatsapp, Email, Instagram, X.com, SMS, Facebook.
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By leveraging the video content on YouTube in Long Form and Short Form for 3 particular niches we can generate good amount of potential users for the product.
a. Intraday Trading
b. Swing Trading
c. Short Term Investing
Currently we have made a few videos in this context with product features integrated in them.
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β’ Intraday Signals + Morning Clues: This one has over 27,000 viewsβ
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β’ Swing Trading + Continuous Trend has 9300+ views
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β’ User Generated Contentβ
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But focusing on just the three niches we can drive good amounts of traffic
YouTube Videos also list on Google Search
A quick analysis on Semrush derives that Swing Trading has a monthly search volume of 33,000+
Optimizing videos to such keywords can help us get good rankings on YouTube and Google Search
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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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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
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.
Ask The Analyst
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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!
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.
The benefits will include:
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:
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For better visibility:
Check thisβ
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.
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:
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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:
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.
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.
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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