It helps buyers to get verified sellers and sellers to gain supportive buyers.
Current Status
Our idea includes two applications. One for sellers and another is for buyers and then finally merge them so as to provide sellers a genuine buyers and buyers a verified sellers in all categories. Our seller's app is ready and launched in the month of December,2021. We have kept it free as of to get feedbacks. Currently we have 10+ customers .
Market
We are at the moment targetting clients attached with e-commerce world. And in India, e-commerce will reach US$ 99 billion by 2024, growing at a 27% CAGR over 2019-24, with grocery and fashion/apparel likely to be the key drivers of incremental growth
Problem or Opportunity
With growing e-commerce activities, issue like fraud,lack of customer,lack of funds,poor marketing strategise,high commission percentage etc.
We already solved the problem of fraud,high commission percentage and lack of funds issue through seller's app. We are yet to solve marketing strategy and lack of customer problems. We will soon solve it as we will launch the buyer side app which will provide maximum engagement to sellers in a very cost effective way. And once we can provide engagement to sellers then sellers will be ready to pay as it will be a one stop solution to all their day to day problems.
Solution (product or service)
We already solved the problem of fraud,high commission percentage and lack of funds issue through seller's app. We are yet to solve marketing strategy and lack of customer problems. We will soon solve it as we will launch the buyer side app which will provide maximum engagement to sellers in a very cost effective way. And once we can provide engagement to sellers then sellers will be ready to pay as it will be a one stop solution to all their day to day problems.
Competitors
Dukaan
Digital showroom
Bikry
But if we are developing buyer's app then there is no such compitetors.
Advantages or differentiators
We are thinking of building an one stop platform where buyers will be able to take a virtual walk, watch live streaming,chat with sellers in any categories. Sellers will be able to showcase their product,have crm,can communicate,will not have to give any commission. Therefore, this our USP
Finance
We have thought of Revenue generation in two ways
I. Subscription model- Rs 350 per 50 users
II.Marketting strategy- Rs 3 per click
Money will be spent on
We need investment mainly to
i. Marketing so as to ensure maximum customers, targetting 5 million downloads in two years
ii. Hire more efficient developers
iii. Set up infrastructure so as to discuss and develop the entire product efficiently