The Artificial Neural Networks dive in the Legal Templates online-market.
Changes are coming to the way people get legal services online.
We do not cease to express our gratitude to the companies that are engaged in the online sale of document templates. They have come a long way, starting from scratch, have created the schemes and rules for working in a new market. Their experience and financial results allow us to accurately plan our development, understand to which indicators we should strive for and which requirements we should meet. Look at the financial results of these companies. They are all public. These are the indicators on which we can orient in our development, and orient our investors and partners. Creating first 200 legal templates is one of such landmarks.
This will allow us to enter the market, start working and enable customers to feel and appreciate the quality of not the template, but the finished document. We will not just sell the template, but prepare an individual, personalized final document based on it. This fundamental difference will allow us to quickly gain a foothold in the market and begin to develop. Due to the quality and individuality of our template documents, already in the second year of our work we are quite realistically planning to reach a gross income of 40 million dollars a year. This is not the hundreds of millions of dollars that our competitors earn. But this is the volume which will allow to return investments and gain profit. We do not need to calculate the cost of an annual subscription with access to the entire database of templates, it has long been formed around 40–60 dollars a year.
Our advantage is to offer more for the same money. It will be our competitive advantage without which it is not possible for a newcomer to get a share in the existing market. Implementation of 800 thousand subscriptions during the first year and realization of the same number of separately prepared personalized documents, would allow us to reach a yearly gross income of 40 million dollars. It is an absolutely achievable goal. These indicators are only around 2% of the total market volume of online templates. Considering our competitive advantages and the steady growth in demand, the numbers we have announced are rather undervalued. Our personal forecasts are even more optimistic. We specifically focus our investors on goals which we can achieve. As a result, they can count not only on profit from their investments but also on additional bonuses from our developments. Considering the significant capabilities of the neural networks, we expect over time to allow our application to be used not only by those who need legal templates but also by accountants, financiers, and private users to create and fill out, for example, a tax return, analyze and prepare answers to the questions you received. Therefore, our application can be used in any other areas of human-state interaction. Depending on the request, the application adapts to the solution of any problem. Artificial Neural networks provide endless opportunities for development and profit for investors.
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