Vidmy aims to attract 5,000 users from Egypt, Saudi Arabia, Dubai, Morocco, and Kuwait, in the second half of the year, according to CEO Ahmed Mazen.
Mazen pointed out that he is preparing marketing campaigns for Vidmy through social network websites, especially in the Arab world, by the end of this May, in addition to a number of European countries.
Vidmy offers a service that helps users make money through videos on YouTube and Facebook. The client can create his own account through Vidmy, through which he can look for the videos he wants to publish on his own account, through keywords. Vidmy, thus, looks for the videos the user wants to publish on his account.
Mazen said that the number of videos allowed in a user’s personal page is set as per the monthly subscription, which is divided into three categories: the first category starts with $15 a month, with 1,000 videos allowed; the second is for $30 a month and allows the user 5,000 videos; and the third category is for $90 and allows 20,000 videos. In case a user cancels his subscription, all videos that were automatically uploaded are deleted from his account.
Payment is done via credit cards, and all customers are from outside Egypt, according to Mazen, because the idea is still new and is not used in Egypt or the Arab world. The CEO added that the European market welcomes this idea and is more interested in it, since it provides $3,000 for its users outside Egypt.
The company achieve revenues through the advertisements in the videos users publish on their pages.
The majority of the people using Vidmy are from the US, UK, Canada, and Australia, and the total number of users reached 5,000. Mazen hopes that the number of clients will reach 20,000 users by the end of 2015.
He added that the Technology Innovation and Entrepreneurship Center (TIEC) supported his project with a fund of EGP 120,000.