 Hello everyone, my name is as you can see my name is Mohammed Sheik and today I present to you with Hangol that shop but before I start I just want to ask a quick question you can answer by raising your hands how many African stores are there in Minnesota do you think and have you ever shopped from many of them? One? Alright so so this is the problem that I'm trying to tackle here we have almost yeah we have there are 250 African stores in Minnesota alone in the Twin Cities and Minneapolis and Saint Paul and some of them in Brooklyn Park so we have almost 250 African stores but we never heard of them how come they're part of us their success is our success their failure is our failure because we live together so there is a Jeff he's from Ghana I met him at the festivals of nation in Saint Paul he has a booth he has four different booths over there he has one is Wisconsin one in Shakopee and two in the Twin Cities one in Saint Paul and one in Minneapolis so this guy goes from all over the place setting renting booth to booth to set the to set his his items and we have actual stores that are located in the mall in the Twin Cities and they also don't get a lot of customers care so here I when I was talking to Jeff he said I have to sell my items very quickly so some of these items are very expensive they cost $34 some of them are costing $50 if you go to Amazon but then he said for $15 he said $5 so he can sell them very quickly so there is a big gap here if they are in a store they don't get much customer and if they go to booth and rent a booth they would they have to sell their items very quickly so to solve this problem I came up with Hangol the show I don't know why the image is not showing here supposed to be image of the background so hangol the job is a website platform to help this immigrant sellers sell their products online with no rush taking their time taking their own time it will take their time and with that the value of their product not with very less amount of money they have this beautiful items that you won't find anywhere else but then the Russian they're selling or sometimes they don't even get customers if you're a fashion if you're a fashion person feel like fashion you would want this items you would want to get those items but then the only way to find this by going there or by finding at a booth so in order to make that easy hangol just you would go to the website and you would buy from there and then we ship it to you very quickly so for this one this one's different so in order to get this wedding dress right here which is becoming very popular where wedding dress these days you can see in proms of high schools but it's it's very expensive but then at some time to get that one you will have to go to the twin city and make an appointment and then after that you have to come back we're a week later to get it so in order to make all of this easier you would go to hangol that come you would order it online and would be delivered to your house with less than a week so if you live in Texas let's say and you want this item what you need to do is you have to come to twin city you have to come to Minneapolis or Saint Paul in order to get it but with hangol you would just have to type on gold a shop ordered online and would be there in your house in your four steps with no type with no type none of these items are available online right now it's unfortunate they're beautiful I like them they should be they should get the time they deserve to be online so the goal of hangol is to take this products online to help the sellers sell and maintain their lifestyle they are they have side jobs they do work at the airport but then at the same time they do some side jobs and I believe that they deserve some time and in wide range of in front of wide range of customers so to find this online if you're a fashion person or if you're African person who wants to find some African boots so you can be proud of you would go to the shop so you there is a competition anywhere you go so basically you could say you the itzy of Africa I'm not you go to hang all to sell bet so to celebrate your heritage to celebrate the beauty you would fall in love once you go to hang on it's very beautiful and it's it has 1.8 million sellers they sell all kinds of things but I have unique very unique items and go so this is the financial projections I was out I missed I'm about to start with five stores and each of them in 2017 we'll start with five stores and then by the end of 2020 we would have almost 300 stores because I would give opportunity to non-African entrepreneurs to sell the products and go so that the total revenue and the total operating expense the difference is the profit that I'm gaining which would be six hundred seventy thousand dollars by the end of 2020 but really what matters is not the money what matters the help that I'm giving to this community because they deserve some help so the process is very easy at hang all you sign up I would be helping them to sign up because this sellers don't have any experience with the Internet they list their product I have experience of working in Amazon and eBay as a seller so I would help them list their products and then I would sell and then they would sell through hang all so the question is how would you help on goal achieve its goal thank you very much what is the platform you're using and you developed it or yeah it's a website a huge website it can have many sellers or you can have less errors or you can have one so yeah so it's a website platform that looks like Etsy have you know it or Amazon is this like a third party that you've I mean a lot of this stuff now is off the shelf so you were able to pull it all together with off the shelf components yes yes that's right what what are the economics look like for the the stores that you work with what are their numbers how much do they get they rely on people that people come people that that come to their stores that get their products sometimes they don't even get customers at a day because there's a lot of them at the same area in the same one and they also have the same thing so it's hard it's very hard for them to make money even if they get customers which they don't even get because all of us don't even know about with hang all what what share do they get with hang all but with hang all we would be able to reach a lot of customers wide range of customers that have different backgrounds but a specific but more of the majority of being Africans there are almost three million Africans in the United States and hang all would make easier for this for the sellers to reach all of those customers so the customer that's going to buy in the wedding dress for $100 today how much will they pay for it and hang all and how much will hang all get of that under dollars they would pay they would bring my pay 150 for that and hang all would get 2% of that but then at the same time they would have to pay the shipping cost because this item you won't find anywhere else so so hang up 3% did you say yes oh I forgot to to tell you so for this one when I was talking to Jeff this one was $30 he has to sell this one for $30 but if you go actual store in Brooklyn Park you would get by $75 so they have to get rid of this beautiful items and jewelries very quickly in order to get profit they're renting the booth for $1,000 for almost $1,000 so they send beautiful items for very cheap price so the goal of them goal is make sure that they don't do that let's hear it for