Psychics1on1

Digitizing the psychic industry

Psychics1on1

Digitizing the psychic industry

Orlando, FL
Consumer Internet
Psychics1on1 is creating a technology-driven marketplace for the global psychic community and their customers. We are building from the ground-up the next-generation platform that empowers independent psychics to establish, market, and grow their own businesses and allows customers to find, evaluate, and engage with psychics via their choice of communication: text, call, video. All of this is done from the comfort of everyone’s own home. Our tech and ability to attract psychics and customers to one platform will make us a leader in the $2.2 billion psychic industry.

$36,249

raised
58
Investors
$4.5M
Valuation
$4.50
Price per Share
$247.50
Min. Investment
Common
Shares Offered
Equity
Offering Type
$500K
Offering Max
Reg CF
Offering

$36,249

raised
58
Investors
$4.5M
Valuation
$4.50
Price per Share
$247.50
Min. Investment
Common
Shares Offered
Equity
Offering Type
$500K
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Psychics1on1:

$500+
Investment
Tier 1
Invest $500 and we’ll match up to $20 that you spend on the Psychics1on1 platform.
$1,000+
Investment
Tier 2
Invest $1,000 and you will receive $30 worth of credits for our platform as well as early access to new psychics and new features on our platform.
$1,500+
Investment
Tier 3
Invest $1,500 and you will receive 10% bonus shares as well as $30 worth of credits and early access to new psychics and new features on our platform.
$2,500+
Investment
Tier 4
Invest $2,500 and you will receive 20% bonus shares, $50 worth of credits on our platform, as well as early access to new psychics and new features on our platform.

Reasons to Invest

Technology already built – seed capital used to create digital platform, develop business tools for psychics and review and selection tools for customers, and launch text/call/video features
Critical mass of psychics on the platform and proven traction with customers – Over 2,000 verified psychics from across the country are using our platform, providing more than enough psychics to create an engaging community for consumers. In addition, our platform has serviced over 9,500 customers
Stagnant industry poised for disruption – We are group of young tech engineers and marketers who believe that technology can be used to reinvigorate struggling industries and return power back to individual professionals

Widely featured across media

“Comprehensive digital solution built from the ground-up to disrupt the psychic industry”

The Overview


The psychic industry is estimated to have generated over $2.2 billion of revenue in 2019. Most of this revenue comes from industry incumbents that entered this sector over the past few decades but have failed to modernize their offerings to meet today’s customers’ needs and technology expectations. Psychics1on1 seeks to gain market share by becoming the best-in-class service provider to both psychics and their customers. We are doing this via our digital platform that provides psychics with the ability to run their own businesses online and customers with the opportunity to evaluate psychics and engage with them in the setting that is most comfortable to them. Just as technology has disrupted healthcare via telemedicine, we believe our suite of features will increase the number of psychic sessions (revenue to psychics) and enhance customer sessions (more meaningful experiences).

Since launching in early 2020, Psychics1on1 has experienced significant growth, adding over 2,000 psychics to our platform and servicing over 9,500 customers. Our current business model reflects a revenue share with our psychics, in which we earn 20% of the revenue they generate. This model perfectly aligns our aim with our core customer base and makes our platform free for all psychics. We are currently focused on enhancing our marketing efforts to build a larger base of customers. Once we do this, we will introduce additional monetization features, including advertising and subscriptions, and seek to expand our platform globally.


A testament to our platform is our ability to attract young psychics who are also social media influencers. We are working with them to leverage their social footprint to both promote the Psychcis1on1 platform and their own businesses.


Now, more than ever, is the time for our platform to gain market share. The new normal of COVID-19 has accelerated the need for a digital, at-home solution the allows psychics and customers to meaningful engage and that provides psychics with the opportunity to build their businesses.

The Problem


The marketplace is outdated and inconvenient for both psychics and customers

Psyhcis1on1 believes the psychic marketplace has failed to innovate and keep pace with the digital economy that all consumers now expect. Over the past few years, telemedicine has transformed the very idea of “going to the doctor”. For many psychics, however, business is still very much dependent on street traffic at a time when operating storefronts is becoming too expensive, inconvenient, and out-of-fashion.


This entire process is inefficient for both psychics and their customers. Psychics have no way to effectively market to customers. In turn, customers lack a trusted source to find psychics without the ability to screen and evaluate them before paying for a session.

The Solution


Psychics1on1 has developed the digital platform for the 21st century

Psychics1on1’s platform turns the current psychics-customer relationship and business model upside down. Our platform aggregates customers into a central portal that psychics can market to and build their businesses from. Our platform also aggregates psychics into a central portal that customers can search through based on criteria and evaluate before engaging in a session. This marketplace is further enhanced by business development tools that allow the psychics to analyze and grow their “digital storefronts” and by allowing customers to select the mode of engagement they are most comfortable with. Finally, both psychics and customers can engage at the time and location of their own choosing. We further empower psychics by asking them to set their own business times and prices, allowing them to be their own bosses and do what makes sense just for them. 

This completely re-envisioned experience also critically solves the pain points of customer outreach and payment collection for our psychic professionals. At the same time, we hope the customer empowerment and the ease of the experience will allow for more meaningful sessions and ultimately repeat business.

The Market


40% of Americans believe in Psychic Powers

40% of Americans believe in Psychic Powers


There have always been strong “New Age” beliefs in Americans, so much so that now more than 40% are believers in psychic powers, according to the Pew Research Center


The psychic industry was estimated to generate $2.2 billion of revenue in 2019.

Research also shows that 1 in 5 Americans have consulted a psychic. We believe that our technology has the potential to increase people’s comfort in engaging with a psychic and enabling for more convenient interactions. We expect our technology to enable this market to continue its healthy growth trajectory as more psychics and customers look for and rely on digital solutions.

Our Traction


Psychcis1on1 has reached over 2,000 psychics on our platform and hosted over 9,500 customers. We are now focused on creating a scalable customer community.

Since our launch in early 2020, we have experienced strong growth that validates our platform. As of December 2020, over 2,000 psychics and 9,500 customers have joined our platform.


The first stage of our growth plan was to build a critical mass of psychics on our platform. We accomplished this in less than 8 months. Now, with our psychic community’s diversity in experience and expertise, we believe our platform has the right base to serve a much larger customer audience.

We are currently focused on growing our psychics’ customer base. Our current marketing efforts, although limited, have already led to over 9,500 clients. Our digital marketing efforts will create a funnel of new customers that will dramatically increase the revenue potential our psychic community can earn.

What We Do


Psychcis1on1 offers a single portal of customers for our psychic community to serve. By aggregating customers in one place, our platform eliminates the need for psychics to look or market elsewhere for business. In addition, the platform’s individualized dashboards allow psychics to manage their profile and business, including profile picture, credential, multi-media content, scheduling, and pricing. The platform also allows psychics to track their customer interactions and earned revenue. Psychics can also set their own hours and pricing so that the business fully meets their needs and can deliver on their goals by providing tools for client acquisition, analytics, and monetization.


As we scale, our psychic community will benefit from our social paid marketing initiatives. The business model for our psychics and us will dramatically accelerate with more paying customers.

Customers use our platform to search, evaluation, and engage with high-quality psychics. By aggregating a diverse group of psychics in one place, our platform creates a go-to-destination for customers looks for all of their different psychics needs. Our platform also allows customers to read reviews, seek specialties, and understand pricing and timing before engaging. Most importantly, customers also choose whether they would like to text, call, or video with the psychic of their choosing. The ease of this platform is designed to create meaningful sessions that leads to repeat business for our psychics.

The Business Model


Revenue share with our psychic partners

Psychics1on1 earns 20% of the gross revenue the psychics on our platform generate. We purposely align our incentives with our psychics as the number one goal for all is to increase market share and our psychic community’s revenue potential. This fundraise will allow us to engage in social paid marketing to significant grow the platform’s customer base.


In the future, we will launch additional areas of monetization, including advertising and subscription services.

How We Are Different


We believe our competitors are stagnant and lack innovation

In our opinion, our platform is fresh and fitted to the digital needs of the current environment in which we all live. We have studied the product offerings of many of our competitors and believe that many of them have remained the same for years and are not offering either psychics or customers the latest technology and ultimately comfort they seek.


We believe our technology is at the forefront of the industry. It is purposely designed to allow psychics to create and run their own businesses, flush with tools for client acquisition, analytics, and monetization. In addition, we believe our customer experience, from customers’ ability to search for and review psychics to the mode of communication far exceeds our competitors.


Overall, what distinguishes us more from our competitors is that Psychics1on1 is a best-in-class digital marketplace that prioritizes convenience for both psychics and customers and psychics’ profit potential. Our large, multi-hundred million competitors have lost this focus. Psychics1on1 hopes to gain meaningful market share quickly through our technology-first approach.

The Vision


The most innovative platform for psychics and their clients

Over the next several years, Psychcis1on1 will continue to innovate our platform with new features and services for both our psychic and customer communities.


We are also focused on growing internationally. Very few platforms connect customers in one country with psychics in another, and we have identified a large market opportunity to connect people of similar background or heritage despite living very far from each other. This international opportunity to unify these communities is massive and remains unexploited in any meaningful way.

OUR LEADERSHIP


Expert marketers, brand strategists and technologists

Our technology is led by Avi Vaknin, a renowned trailblazer in the industry who has worked for Telx Computers, Telx Web, and HomeEscapes.


In addition to Avi, our marketing efforts are led by Kelsey Malmberg who is responsible for both marketing and product design. Kelsey has over 8 years of experience managing ATL/BTL and sponsorships and production for clients including Microsoft, Verizon, Coca-Cola, Nationwide, NFL, and PGA.

Avi and Kelsey are supported by a team of 6 software engineers, product designers, and marketers, all with extensive experience in building digital platforms.

Why Invest


Be part of disrupting a multi-billion dollar industry

We believe Psychics1on1’s technology and platform are disrupting the psychic industry. We have created a digital business model for psychics to manage and grow their businesses and customers to comfortably engage with psychics. We want you to join us on this journey.


With a growing market and stagnant industry incumbents, now is the time to aggressively win market share by leveraging our established base of psychics and using paid marketing to dramatically and profitably grow our customer base. Our technology-first approach will allow us to gain meaningful market share quickly.


Now is the time to disrupt the psychic industry by investing in Psychics1on1. To sum it up:

  • Massive market – 40% of Americans believe in psychics, creating the basis for a $2.2 billion industry that has been slow to evolve

  • In just our first year, we have already grown our platform to over 2,000 psychics and 9,500 customers from across the country

  • Technology is state-of-the-art and fully scalable

  • Our experienced team has deep roots in tech and marketing

  • We believe the industry incumbents have failed to modernize, thus providing us with a significant opportunity to quickly win market share



Offering Summary


Company

:

Psychics1on1, Inc.

Corporate Address

:

4700 Millenia Blvd Suite 400, Orlando, FL 32839

Offering Minimum

:

$9,999.00

Offering Maximum

:

$499,995.00

Minimum Investment Amount

(per investor)

:

$247.50











Terms


Offering Type

:

Equity

Security Name

:

Class B Common Stock

Minimum Number of Shares Offered

:

2,222

Maximum Number of Shares Offered

:

111,110

Price per Share

:

$4.50

Pre-Money Valuation

:

$4,500,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based:

Friends and Family Early Birds

Invest within the first 72 hours and receive an additional 20% bonus shares.

Super Early Bird Bonus

Invest within the first week and receive an additional 15% bonus shares.

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares.

 

Amount-Based:

$500+ | Tier 1

Invest $500 and we’ll match up to $20 that you spend on the Psychics1on1.com platform.

$1,000+ |Tier 2

Invest $1,000 and you will receive $30 worth of credits for our platform as well as early access to new psychics and new features.

$1,500+ | Tier 3

Invest $1,500 and you will receive 10% bonus shares as well as $30 worth of credits and early access to new psychics and new features on our platform.

$2,500+ | Tier 4

Invest $2,500 and you will receive 20% bonus shares, $50 worth of credits on our platform, as well as early access to new psychics and new features on our platform.

If you are a registered psychic with Psychics1on1.com, you will also receive:

2 Weeks of No Commission if you invest $500+

1 Month of No Commission if you invest $1,000+

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Psychics1on1.com Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Non-Voting Common Stock at $4.50/ share, you will receive 110 Shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $450. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$4,042.00 USD
$0.00 USD
Cash And Cash Equivalents
$0.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$879,996.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$66.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$875,954.00 USD
$0.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Minimum Funding Reached in only 24 Hours!

27 days ago

Thank you to all investors who have already participated in our funding round. In only 24 hours from launch, we achieved our minimum funding, our very first milestone! 

Please continue to share with friends and family our offering and special bonuses for early investors. We will be releasing a press release to the general public in the new year regarding our campaign.

Happy New Year to all!

Best,

Psychics1on1 Team

Show More Updates End of Updates

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