Hey I am on Medialย โขย 6m
This is an interesting approach! Some challenges you might face include: 1. Brand Identity & Recognition โ Without a dedicated showroom, building a strong brand image like Zara or Zudio may take longer. Consider investing in social media and influencer marketing. 2. Retailer Dependency โ Since you're renting space from local shopkeepers, their sales strategy and customer service could impact your brandโs reputation. 3. Inventory Management โ Ensuring that retailers maintain proper stock levels and display your products well can be tricky. A tracking system could help. 4. Pricing & Margins โ Shopkeepers may demand higher margins, affecting your profitability. A clear, scalable pricing model is crucial. 5. Customer Experience โ Unlike a dedicated showroom where you control the shopping experience, customers will interact with your products differently in rented spaces. A strong packaging and branding strategy can help.
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Lognormalย โขย 4m
Many people are thinking about creating hyperlocal quick commerce models to help local shopkeepers. But the fact is margins are very less for them and are around 6 to 25% based on products. Along with creating QCommerce if we are able to give them a
See MoreBIT'Mesra Undergrad|...ย โขย 1y
Some Businesses lack the growth that they need! Is your business also not growing at that pace? But Why? There may be a bunch of reasons behind the slow growth. - Lack of Motivation - Lack of Funding - Lack of creating a Strategy that suits y
See MoreStartups/VC/techย โขย 1m
๐ฆ๐ผ๐บ๐ฒ ๐ฟ๐ฎ๐ป๐ฑ๐ผ๐บ ๐๐ต๐ผ๐๐ด๐ต๐๐ ๐ผ๐ป ๐๐ต๐ฒ ๐๐ธ๐ถ๐ป๐ฐ๐ฎ๐ฟ๐ฒ ๐ฎ๐ป๐ฑ ๐ฐ๐ผ๐๐บ๐ฒ๐๐ถ๐ฐ๐ ๐ถ๐ป๐ฑ๐๐๐๐ฟ๐: Skincare and cosmetics products often have very high gross margins (read: typically above 60%). These margins are then channeled into ret
See MoreSerious Thinkerย โขย 10m
Just a random thought. How about this business idea, Let's you tie-up with shopkeepers in your local market who are old school shopkeepers don't have knowledge of online selling, and list their products like clothing, toys, shoes, jewellery, etc.
See MoreFounder & CEO at Bui...ย โขย 10m
How Apple Commands Premium Prices Without Always Topping Sales Charts Here's a breakdown of their strategy: 1) Branding Magic: Apple's branding is unparalleled. They've crafted a perception of luxury, innovation, and exclusivity that resonates de
See MoreWill become a inspir...ย โขย 2m
โLoss Leader Pricing: Winning Customers by Losing Money (Strategically)โ โLoss Leader Pricing.โ This strategy involves selling a product or service at a price that is intentionally below cost to attract customers. The goal isnโt to profit from the i
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Lognormalย โขย 4m
How about a centralized master warehouse for a group of kirana stores? Currently Kirana stores are getting margins between 6 to 20% and facing issues to go online due to discounts provided by Big Players. With our approach they can get margins fro
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