Stay Hungry, Stay Fo... • 1y
If your business model is commision based, then it might become like the Indian e-commerce giants like Flipkart, Amazon India,etc as you'll never get the actual returns from your customers. Also, CAC (Customer acquisition costs) will be really big problem as your company will be very new and the farmers, restaurants and vendors might lack trust in you, so to build that, you need money, and it's not only getting them on board, but to keep them with you is the biggest challenge as when another competitor comes and offers more money they'll definitely shift and you may fall into this chain spending of CAC,CAMC( cost of maintaining customers). If you feel something I mentioned might be true, like this please.
Hey I am on Medial • 1y
If you call selling tea or pakoda a startup then what is the use of being so educated. An illiterate person can also sell tea and pakodas and earn as much as you. If you had saved all the money you spent on your education, you might have bought a nic
See MoreI Help Start-up Foun... • 6m
What would be your approximate Customer Lifetime Value (CLV)? You run a mobile app that offers premium subscriptions for ₹500 per month. Last year, you acquired 1,200 new customers, and your marketing spend for customer acquisition was ₹1.2 lakh.
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