
The pandemic rocketed sales for sexual wellness products. Being in quarantine, individuals channeled feelings of loneliness through sexual exploration. In fact, sales were up nearly 600% compared to April 2019.* The rise of female-owned sextech companies has empowered more women to sexually explore their desires. Women are destigmatizing sexual pleasure and becoming target consumers as opposed to the male dominated market there was 5 years ago. As this momentum of de-stigmatization continues, Hysteria will be at the forefront to guide high quality decisions of consumers and thus, meet their sexual wellness needs. * Yahoo Finance
There are no other sexual wellness search engines at the moment so we have the opportunity to understand the target market deeply, create stronger customer relationships, and position our engine as a reliable source. As women who come from conservative households, we understand the stigma surrounding sexual wellness and the importance of making these products accessible to young people. Given that we have different sexual orientations, our diverse perspectives will allow us to create a product that will reach users regardless of their gender identity and sexual orientation. Most importantly, we share the same age as our target market which makes it easier to understand the users.
In order to build our first MVP and cover marketing costs, we want to win this competition. These funds will be allocated towards market research, engineering labor costs, servers, and design. Once we have a functional prototype, we will start beta testing with college students because they are part of the target market and we have direct access to them.