Acquisition project | Atlys
πŸ“„

Acquisition project | Atlys

Atlys.com


Introduction

Atlys is a start-up aiming to make the tourist visa application process streamlines, user friendly and transparent founded in 2021 by Mohak Nahta . They are in direct competition with Global leader in visa processing VFS Global, Teleport among others. Their growth is dependent on their contract with different country governments for visa processing at one end and growing the customers (travel agents & consumer) at the other end. 

As per the founder initially they tried the concept for Indian passport holders residing in the USA. Now they have moved their focus to Indians needing visa for their international travel. 


We will look at The India business as bulk of their users reside in India and acquistion strategy will change with country of origin and their passport dynamics.


Core Value of the Product

​

The core value proposition of Atlys revolves around simplifying and expediting the visa application process for international travellers in a transparent manner.



Product Review

WhatsApp Image 2024-06-08 at 2.20.20 PM-2.jpeg WhatsApp Image 2024-06-08 at 2.20.20 PM.jpegWhatsApp Image 2024-06-08 at 2.20.19 PM-2.jpeg WhatsApp Image 2024-06-08 at 2.20.19 PM.jpeg​


Take away

  1. Lot of satisfied customers who liked their hassle free and easy inetrface for visa (ignoring if they are paid reviews)
  2. There are customers who are not happy with Atlys's lack of communication and policy of no refund in the case of rejection of visa request
  3. There is anxiety among people who have recieved visa if the visa given by Atlys is indeed legitimate.


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User Research


Macro Objective

Create an acquisition strategy for Atlys.



Micro objective

Visa processing is largely pull driven where consumers who are looking to travel look for right solution. The idea is to be present in the right places when such instaces arises for potential users.

  1. What is the reason for travel to a country where visa (which is a high effort task) is needed?
    1. What primarily motivates them to travel to countries where a visa is required?
    2. How often do they travel internationally requiring a visa?
  2. What factors decide their visa provider?
    1. Before choosing a visa service provider, what sources of information do they consult?
    2. What factors are most important to them when selecting a visa service provider?
  3. What is their current experience with visa provider?
    1. If they have ever used Atlys for visa and the reason for choosing Atlys?
    2. If they have used any other providers and the reason for choosing?
  4. What is their current level of satisfaction with their provider?
    1. How satisfied were you with your previous visa service provider (including Atlys)?
    2. What could make them switch from your current visa service provider to another one like Atlys?
  5. What is their future outlook?
    1. Considering their future travel plans, how likely are they to consider using Atlys for their visa needs?

​


User Calling

​

Date of the Call

Name

Objective focussed on

Learning

Decision factor

06/06/2024

Shashank Kaushik

Understand the choice of visa service provider.

It is strictly a need based service and the choice depends on time at hand, past/peer experience. This person has heard about Atlys but not used it.

Trust and WOM plays a role

07/06/2024

Nitisha Sethia

Understand the choice of visa service provider.

She chose Atlys because her friend from college tried and bragged about the ease of interaction they had with Atlys.

Recommendation from own network is an important factor.

07/06/2024

Meeta Chandrasekhar

Understand the choice of visa service provider.

She has used Atlys multiple times after she tried it for her trip with friends to Vietnam. Everyone in the group used Atlys.

Group think helps reduce the anxiety in selecting a new player like Atlys.

07/06/2024

Shekhar Raghav

What factors decide their choice of visa service provider.

He has only used agents as feel human interaction is more trustworthy then using an app and visa is critical for a trip.

Visa is a high stake and they trust humans for it.

08/06/2024

Farhin

What factors decide their choice of visa service provider.

She has used many service provider. Her choice depends on the time at hand. She didn't have time to fill the form. So an agent got her the visa with minimal effort from her side.

Ease of use and carrying information from past interaction can help massively.

​






Ideal Customer Profile 

 

 

ICP-1

 

ICP-2

ICP-3

ICP-4

ICP-5

ICP-6

Who are they

Student Abroad

Professionals needing work visa 

Business Travelers

Younger Tourists

Older tourists

Travel Agents

Age

18-28

22-50

30-55

20-40

40-60

Any

Gender

Any

Any

Any

Any

Any

Any

Location

Tier 1 and Tier 2 cities moved to university towns abroad

Tier 1 and Tier 2 cities moved to economic hubs in developed countries

Tier 1 cities in India

Tier 1 and Tier 2 cities in India

Tier 1 cities in India

Tier 1 and Tier 2 cities in India

Occupation

College/University student

Works abroad, often in tech, education, or manufacturing

C-suite, senior management

Varied with bulk in service sector.

Retired, Own enterprise

Running Travel Agency

Income


Dependent/ Scholarship

Middle to high

High

Middle to upper-middle

Middle to High

Middle

Relationship Status

Single

Single/Married

Married/Divorced

Single/Married

Married

 

Married

Lives With

Alone/with Family/Shared Accommodation

Alone/with Family/Shared Accommodation

Family/Alone

Alone/Family

Family

Family

Where do they spend their time? What are their interests?

Campus events, student forums, interest based social media groups

Expat communities, cultural engagement activities

Business seminars, luxury travel amenities

Work, Commute, Social media, Travel content, leisure activities

Family, Social events with fellow senior citizen

Work, social media, Family time

Where do they spend money?

Educational fees, travel, occasional splurges

Living abroad expenses, remittances, travel, family

Business class travel, high-end accommodations, finer things in life

Experiences, Lifestyle products, Affordable luxury

Family, Travel, Household items

Family, Occasional family entertainment

What do they value? Time vs Money

Money

Balance of Both

Time

Both

Time

Money followed by time

Previous expense on related services

Occasional spending on travel and study visas

Regular spending on visa and immigration services

Frequent spending on travel services

Few instances of ticket and visa expense in the past

Few instances of ticket and visa expense in the past

Not for personal use

International trips do they make each year?

1-2

1-2

5-10

1-2

1

NA

What is their preferred method of communication with service providers?

Chat/Email

Chat/Email

Email/Phone

Chat/Email

Phone

Email/Phone

Biggest frustrations with current visa processes?

Lengthy student visa processes

Complexity of obtaining work permits

Urgency and unpredictability of approvals

Complexity and variability by destination

Complexity and variability by destination

Managing expectation of clients

Willingness to pay for streamlined visa service

Low to moderate

Moderate

High

Moderate

Moderate

Low

Travel planning and booking channels

University travel portals

Company travel department

Direct bookings through airline websites

Online apps/ Travel agencies

Travel agencies

Own/White-Labeled travel solutions

Additional valued features/services

Student discounts, integration with university systems

Multi-entry visa management, frequent traveller programs

Fast track services, global entry support

Travel Packages, Streamlined process, fast service

Family travel packages, guided application processes

Volume Discounts

Measures for successful travel planning

Cost-effectiveness, ease of process

Stability and reliability of service with focus on Value for Money

Time saved, ease of obtaining visas

Simplicity, reliability of visa issuance

Simplicity, reliability of visa issuance

Predictability

 

 

 

 

 

 

 

 

 Based on the above ICPs we will have to look at the prioritisation through few lenses:

 

ICP-1: Student Abroad

ICP-2: Professional with work visa

ICP-3: Business Traveler

ICP-4: Young Tourist

ICP-5: Old Tourist

ICP-6: Travel Agent

Value to user

Medium to High

High

High

High

High

High

Ease of Adoption

Very High

High

High

High

Medium

Medium

Frequency

Medium

Medium

High

Medium

Medium

High

Appetite to Pay

Medium

High

Very High

Medium to High

Medium

Medium to High

CAC

Medium

High

High

Medium

High

Low

 

 

Prioritisation Reasoning for Atlys:


Focusing on high value, medium to high CAC and high ease of adoption, the profiles we can target are:

 

  1. ICP-4: Young Tourists:
    1. For a company like Atlys which is adding tech enabled convenience on top a largely bureaucratic process ICP-4: Young Tourists would be an ideal customer profile to go after. 
    2. Adoption Curve: They have high ease of adoption, if successfully converted their LTV would be high and reaching them on digital platforms would be easier than older tourists who may not be as present on digital platforms. 
    3. Frequency of Use Case: For a upwardly mobile younger generation looking for experience getting visa is a major hassle and a platform which can solve it and also give some predictive analytics on ease of obtaining visa for other countries would be great β†’ more travel. That may lead to increase usage frequency.
    4. Appetite to Pay: For tourists going for international travel appetite to pay would be medium to high.
    5. Distribution Potential: Given their volume and social network marketing to this group can also be considered as a strategic investment with high distribution potential.
    6. Influencer: peer group
    7. Blocker: peer group/ online review
  2. ICP-6: Travel Agents: 
    1. Their expertise in travel logistics means they value reliable and efficient service provider. They can also help us capture a sizeable portion of Older Travellers.
    2. Adoption Curve: They would have lesser ease of adoption compared to the above group. But as it's their bread and butter they have higher motivation to learn if it helps them in their business.
    3. Frequency of Use Case: They have high frequency of use case making them an attractive group to go after.
    4. Appetite to Pay: They would have medium to high appetite to pay depending on the value add they see in terms of incremental revenue they can make through Atlys. By targeting travel agents, Atlys can tap into a network that frequently deals with bulk visa applications, leading to volume-based revenue and potentially lower customer acquisition costs due to the B2B nature of the relationship. 
    5. Distribution Potential: Partnering with travel agents can also lead to sustained usage and referrals within the travel industry, increasing Atlys's market penetration and brand credibility.
    6. Influencer: fellow travel agents
    7. Blocker: integration with existing system

​

 

​ 

Based on the two prioritised ICP above the Job To Be Done framework would look something like this:

 

  1. ICP-4: Young Travellers:

Functional

I need a fast and reliable visa process to travel.

Personal

I want to travel to fulfil my wanderlust.

Financial

I want to spend less money on functional products and services like Visa

Social

I want to show to the world how well travelled I am.

  1. ICP-6: Travel Agents

Functional

I need reliable bulk visa service provider with ease of use and single dashboard

Personal

I want a worry-free visa process so I can spend my mental bandwidth on growing my business

Financial

I want a cheap visa provider which can add to my bottomline.

Social

I want to appear competent and successful travel agents in front of my social and business network

 Learning for User Calls and research on the Industry

Visa and travel is a high cost and high anxiety inducing activity. If the visa processing doesn't happen or if it doesn't happen on time, people lose a lot of time and money. This makes them decide on their visa service provider based on the following factors in descending order of importance:


​

Factor

Explanation

Position of Atlys

Trust

Trust their immediate peers and network to help them decide and their past experience.

As per Atlys’s employee they have so far relied on short video, influencer marketing and social media. Unfortunately none of these channel builds trust as WOM and reference from network does. 

Anxiety

Visa application is ridden with confusion and humans prefer getting in touch with humans to hand hold them particulary if they are occasional travellers.

Unlike their competition Atlys provides no Whatsapp communication channel to hand hold and convert the customer.

Transparency

People understand visa issuance is tricky and sometimes perfect application gets rejected by the host country. They value transparency and ready communication from their service provider, without any claims that they can't fulfil.

They have used β€œOn Time Guarantee” as a marketing campaign. That brings them across as low trust as our ICPs understand that no service provider can guarantee a visa.  

Price

For ICPs of Young Travellers & Travel Agents the cost should not be many order of magnitudes removed from other equally trustworthy options. 

They are priced in the same range as other alternatives. 

Ease of Processing

The application process of VFS the largest player is paper heavy and requires a lot of effort from users who are used to digital first solutions in other spheres of their life. 

This is where Atlys wins as they offer a seamless digital first user friendly interface. 


Solve for Trust, Transperency and Human Touch.

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​


TAM, SAM and SOM

​

We have not divided the TAM, SAM and SOM based on the ICP as both are essentially serving the lesiure travellers. We will need to understand the market size of the problem Atlys is trying to solve:

Total Addressable Market

  1. Approximately 1.5 billion international travellers (tourists and non tourists) were recorded globally in pre-pandemic years, according to the World Tourism Organisation (UNWTO).
  2. Within this 1.5 billion due to passport strength(countries with bulk of traveller like USA, UK, Europe etc.) only ~40% of the travellers may need visa. This brings our number to 600 million.
  3. Below that there would be countries with visa agreements and multi entry visa accounting for ~10%. This brings our number to 540 million.(1.5 B X 40%= 600M, 600m X 90%= 540 million)
  4. An Average visa will be ~$40 based on average of countries ranging from high to low.
  5. This makes the TAM, 540 X 40= $ 21.6 billion

​

Serviceable Addressable Market

  1. For Atlys for the foreseeable future it would concentrate on Indian travellers which is about 2% of the world travellers (30 million Indians travelled annually in 2023 as per latest report. So 30/1500 would be ~2%.)
  2. This makes the SAM approximately $432 million.

​

Serviceable Obtainable Market

  1. The visa service provider is dominated by VFS global with tight government partnership. The key being the Government parties which moves slow and has ecosystem that they seldom look to change.
  2. So realistically and optimistically Atlys can look at 10%- 12%of the market given their push and streamlined process. This brings to annual market of $50 million.
  3. This is the market available immediately for Atlys.




​

 Channel Selection

This will depend upon where our ICP spend their time and money.


ICP-4 : Young Travellers

  1. They typically stay in tier 1 cities and bulk of their time goes at work.
  2. They spend their time on social media like Instagram, follow travel influencers and pages.
  3. They spend their time on experiences and tend to be confident in their future earning potential to sustain their lifestyle and even improve it.

​


ICP-6: Travel Agents

  1. They spend bulk of their waking time running their small to medium sized business(s). They are typically set in their ways and it takes effort to change their ways of doing things. Partnering with them will get them captive audience. Many travellers still trust travel agents to get them visa and this can be a valuable way to reach those travellers.




​

Channel Prioritisation


Channel

Cost

Flexibility

Effort

Lead Time

Scale

Trust

Organic

Low

Low

High

High

Low

Medium

Paid

High

High

Low

Low

High

Low

Content Loop

Low

Medium

Low

Medium

Medium to High

High

Referral/ Partner Design

Medium

High

Medium

Medium

High

High

Product Integration & Partnership

Medium

High

High

Low

Medium to High

High

​







​

Based on the above we will select Referral/Partner Design and Product Integration as the two channel to run our acquisition experiment.




​

Referral/ Partner Design

This is a channel which we will experiement in as it solves for trust more than other channels

The following will work for ICP4: Young Travellers​

Experiment design #1

Hypothesis for ICP 4 : To build on trust people give more weightage to words from their family, friends and network rather than paid ads or influencers on social media.

  1. Brag Worthy Proposition: Digital first and hassle free visa processing.
  2. Platform Currency: coins that will help travellers get discount with holiday attraction inventory supplier like
    1. Klook
    2. Viator
    3. Isango, among others, here 1 coin= Re.1 discount on attraction


      Logic: You want to give coins for toursit attraction for their country of visit instead of visa prcessing fee discount (for next travel) as people who got their visa on time would value discount for attraction more and that will nudge them to refer their friends & family.

  3. Who to ask for referral: People who have recieved the visa on time and are waiting for their travel date to arrive.
    1. Validation: A call/chat from their travel concierge (who is a SPOC and already in touch with them through the visa process, providing familiarity and human touch point) to get feedback and explain how referral can help them see holiday attraction with some discount.
  4. Discovery of referral program:
    1. Call/message of refering friends: "Gift a Visa" β†’ no platform fee.
    2. In app CTA as shown below


      Screenshot 2024-06-08 at 1.45.39β€―PM.png
  5. How will they share the voucher code/ referral link?
    1. On the screen tap on the Share Link button,
    2. User will be requested for access to Contacts,
    3. User will select the contact they want to invite and tap on the Invite.
    4. The app will draft a message with an unique invite link
    5. User can also personalize the message if they wish
    6. Send the message via whatsapp or SMS
    7. The recipient would have to install Atlys using the received invite link to claim the gift (no platform charge)
  6. Tracking of referral
    The user can track their friends visa status in the same screen (app downloaded> visa applied > visa processed)
  7. Referee landing page design

    WhatsApp Image 2024-06-08 at 2.09.12 PM.jpeg
  8. Incentives for keeping referring
    1. The very real discount on holiday attraction for their immediate places of visit through different supplier of holiday inventory (ex- Get Your Guide)
    2. The bragging rights of introducing friends/ family to a service provider which is hassle free.
    3. Mockups:


      WhatsApp Image 2024-06-08 at 5.01.12 PM.jpeg

      Once the user clicks on Claim your reward button, the following popup opens up:

      WhatsApp Image 2024-06-08 at 5.06.55 PM.jpeg



Experiment success metric: Number of signups



​

Experiment design #2

Hypothesis for ICP 4: Yong travellers spend significant amount of their time at work. Majority of them work in corporate. To build for trust & visibility Atlys needs to show up at their work place during break time and engage to build trust.

​

​

​

Construct

  1. Reach out to Admin and HR of corporates with seating >2000 members in the office.
  2. Sponser friday activity that involves a "Travel Quiz" titled "Are You Boarding or Bored? πŸ˜…"
  3. Have fun questions that tests people on travel location.
  4. Give goodies to winners like, Passport Covers, Travel Checklist, Anti Theft Bags etc. Goods which one would associate with leisure travel.
  5. Get leads from people and explain to them the seamless feature of Atlys and invite them to try out.

​

Experiment Success Metric: Number of signups




​

Product Integration

Experiment design #3


Hypothesis for ICP 6: Travel Agents use and trust the online travel solutions they use day in and day out. Atlys can integrate with those partners to reach Travel Agents.



For India, typically the ticket/ accomodation booking is either done prior to visa application (Ex-Schengen Area) or done parallely.


Our ICP spends a significant time in OTA for flight and accomodation booking. They use OTA like MakeMyTrip/ IATA. We can integrate can in such a way there there is a clear call out after the flight is booked and the same can be done for accomodation booking as well.

WhatsApp Image 2024-06-08 at 3.16.24 PM.jpeg

​

Experiment Success Metric: Number of visa booked through partners



​

Content Loop

For now we will leave the status quo on the content loop apart from what delighted users may share their experience about Atlys on social media.

​




​

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Organic Channel

Based on my research, Atlys has a search value of $36, 956. which they would have spend if they went the paid keyword route for the words.

Organic Keywords

KEYWORD

POSITION

CPC

VOLUME/MONTH

atlys

1

$0.00

720

eticket dominican republic

10

$1.38

22,200

embassy vs consulate

1

$0.00

1,600

difference between embassy and consulate

1

$0.00

1,000

difference between consulate and embassy

1

$0.00

1,000

us citizen visa for kenya

1

$1.77

720

difference between consular and embassy

1

$0.00

720

atlys visa

1

$0.73

210

travel to greece from usa

1

$1.57

590

malaysia visa for indians

1

$0.00

480

​

Points to note

  1. They fair quite high for educational key words like the difference between embassy vs consulate. With relevant blogs they can further increase their presence in more topics where their potential user could be trying to understand travel and adjacent territories. Right to win β†’ more educational blogs.
  2. Keyword "eticket Dominican republic has a relatively high search volume, indicating significant interest in e-tickets for the Dominican Republic. Ranking 10th means Atlys is on the first page, but there might be room to improve visibility. Right to win β†’
    1. by providing in depth article, this can include guides on how to buy, use, and manage e-tickets, along with any related travel tips.
    2. using long tail keywords, such as "how to book Dominican Republic travel e-tickets" or "Dominican Republic e-ticket advice."
    3. Link from high-authority pages on the site to the e-ticket Dominican Republic content to pass on more link equity.
    • Optimizing the page load time as Google considers page speed a ranking factor.
    • Ensuring the page is mobile-friendly, as a significant number of searches are performed on mobile devices.
  3. Keyword "Malaysia visa for Indians" shows first for a specific demographic looking for visa information implies good content targeting and SEO performance. The zero CPC indicates low commercial competition, which could mean an opportunity for Atlys to dominate this niche. Right to win β†’
    1. While popular destinations have high competition, offbeat or less traveled destinations offer a unique niche. Keywords can include ex: "tourist visa guide for Georgia" or "how to visit Namibia on a visa."

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​

Paid Channel


The LTV for the two selected ICPs would be:

  1. ICP-4: Young Travellers: $40 (average Visa Fee) X .20 (Visa processing fee) X 2 (Average travel per year) X 5 (Average Customer Lifespan) = $80
  2. ICP-6: Travel Agents: $40 (average Visa Fee) X .20 (Visa processing fee) X 100 (Average travel per year) X 5 (Average Customer Lifespan)= $4000



​

Paid Keywords

​

KEYWORD

CPC

VOLUME/MONTH

kenya visa

$1.63

5,400

kenya evisa

$2.31

4,400

egypt visa

$1.21

2,400

egypt visa for us citizens

$1.95

1,600

cambodia visa for us citizens

$1.90

1,600

kenya e-visa

$1.66

1,300

electronic visa

$1.24

1,000

egypt e visa

$2.04

1,000

evisa kenya

$1.56

4,400

visa for egypt

$1.21

590

  1. High Search Volume and Traffic for Kenya Visa Keywords: Keywords related to Kenya visas ("kenya visa", "kenya evisa", "kenya e-visa", "evisa kenya") have high search volumes and collectively contribute a significant portion of traffic. This indicates a strong interest in Kenya visas. What would be interesting to understand where the searches originate, if they are outside India, they should optimise for search orginating from India.
  2. Dominance in Position 1: Atlys holds the top position for most of the keywords, which is advantageous for visibility and click-through rates.
  3. Low Competition for Some Keywords: Keywords like "electronic visa" and "visa for egypt" have very low competition (0.02 and 0.20, respectively). These keywords can be cost-effective targets for PPC campaigns, providing good ROI due to lower bidding costs.
  4. High CPC for Specific Keywords: Keywords such as "kenya evisa" and "egypt visa for us citizens" have relatively high CPCs ($2.31 and $1.95, respectively). While these keywords are more expensive, they also contribute significantly to traffic and traffic cost, indicating their importance in the overall strategy.

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Conclusion

Atlys is at Early Scaling stage where it nees to solve for visibility and trust. The two ICPs that we have prioritised are Young Travellers and Travel Agents. This will give us a very large market to go after. For acquistion we experiment with referral program powered with tie up with holiday attraction inventory suppliers, coroprate shows and integration with existing OTA players. We will closely monitor the channels and modify the experiment construct based on what works and what doesn't.









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