This is the final opportunity execution report for the online grocery store start up idea from team pune. link for high fidelity is also in the report.
Reclaim Revenue: How to Create Effective Abandoned Cart CampaignsWhatCounts, Inc.
As a marketer, your goal is to turn the costs that you incur in driving traffic to your website into profits. You do this by converting visitors into customers. No matter how good your purchase funnel is, you will have visitors leave your site with items still in their shopping cart.
In this stage of the customer lifecycle, effective abandoned cart campaigns can be a huge asset to a marketer’s email program. In this webinar Emily Keye, Director of Strategy, and Erin Devine, Strategist, will discuss advanced techniques to reduce abandonment and get more effective results from your lifecycle marketing efforts.
How to use Insightful Data to Increase the Customer Lifetime ValueEmarsys
Reaching your customers at multiple touch points throughout their customer journey significantly increases customer engagement and therefore the customer lifetime value. In this presentation we highlight the business benefits of collating and analysing digital data to produce actionable intelligence.
How is it possible? A Masterclass Customer Experience in 30 minutes. I did it during the Insurtech Amsterdam Meetup. Do you want to have the same masterclass or a 2- or 3 hour masterclass? Contact me: pascal.spelier(monkeything)finno.nl
Reclaim Revenue: How to Create Effective Abandoned Cart CampaignsWhatCounts, Inc.
As a marketer, your goal is to turn the costs that you incur in driving traffic to your website into profits. You do this by converting visitors into customers. No matter how good your purchase funnel is, you will have visitors leave your site with items still in their shopping cart.
In this stage of the customer lifecycle, effective abandoned cart campaigns can be a huge asset to a marketer’s email program. In this webinar Emily Keye, Director of Strategy, and Erin Devine, Strategist, will discuss advanced techniques to reduce abandonment and get more effective results from your lifecycle marketing efforts.
How to use Insightful Data to Increase the Customer Lifetime ValueEmarsys
Reaching your customers at multiple touch points throughout their customer journey significantly increases customer engagement and therefore the customer lifetime value. In this presentation we highlight the business benefits of collating and analysing digital data to produce actionable intelligence.
How is it possible? A Masterclass Customer Experience in 30 minutes. I did it during the Insurtech Amsterdam Meetup. Do you want to have the same masterclass or a 2- or 3 hour masterclass? Contact me: pascal.spelier(monkeything)finno.nl
How to avoid Cart Abandonment on an eCommerce store?Knowband Store
Is your eCommerce store suffering from increased abandoned carts? Implement these important tips that can help in grabbing more sales and conversions for your online site.
IS20G11 - Turn Up the Volume! 3 Rockstar Tactics to Close More Deals with Co...Sean Bradley
Dealers that use ecommerce have a competitive advantage. 9 out of 10 shoppers are more likely to buy from a dealer that offers ecommerce. How can you fully capture this demand to increase your sales volume? Incorporate ecommerce into your BDC and sales processes. Attend this session to learn 3 proven tactics to close more deals with ecommerce.
Key Takeaways:
-Explore ways to upgrade your customer experience and win over today’s car buyers
-Discover how building ecommerce into your BDC and sales processes can boost profit per vehicle by $700
-Learn how to leverage ecommerce to close more deals
6 key tactics to boost your e commerce conversion ratesHelios Solutions
Read article to know 6 key tips to boost your e-commerce conversion rates; build a highly-functional e-store from e-commerce development specialist agency.
Craig Rosenblum Provides a Glimpse of the Next Generation of Food Retailingjeffbrice
Willard Bishop partner, Craig Rosenblum, provides insights into the next generation of retailing at the Food and Drug Conference, held Dec 16-17, in Las Vegas.
Craig details the massive changes that are reshaping the world of food and drug retailing. Topics include: Growth Strategies, Omni Channel, Shopper Driven Merchandising, eCommerce, Emerging Formats, Disruptive Products, M&A, and more.
Marketing Plan for OrderFolks, an food-grocery delivering startupArnab Bose
The presentation includes the marketing plan of OrderFolks, an online food-grocery delivery platform. It includes various strategies such as its pricing and its competitive advantage.
How to avoid Cart Abandonment on an eCommerce store?Knowband Store
Is your eCommerce store suffering from increased abandoned carts? Implement these important tips that can help in grabbing more sales and conversions for your online site.
IS20G11 - Turn Up the Volume! 3 Rockstar Tactics to Close More Deals with Co...Sean Bradley
Dealers that use ecommerce have a competitive advantage. 9 out of 10 shoppers are more likely to buy from a dealer that offers ecommerce. How can you fully capture this demand to increase your sales volume? Incorporate ecommerce into your BDC and sales processes. Attend this session to learn 3 proven tactics to close more deals with ecommerce.
Key Takeaways:
-Explore ways to upgrade your customer experience and win over today’s car buyers
-Discover how building ecommerce into your BDC and sales processes can boost profit per vehicle by $700
-Learn how to leverage ecommerce to close more deals
6 key tactics to boost your e commerce conversion ratesHelios Solutions
Read article to know 6 key tips to boost your e-commerce conversion rates; build a highly-functional e-store from e-commerce development specialist agency.
Craig Rosenblum Provides a Glimpse of the Next Generation of Food Retailingjeffbrice
Willard Bishop partner, Craig Rosenblum, provides insights into the next generation of retailing at the Food and Drug Conference, held Dec 16-17, in Las Vegas.
Craig details the massive changes that are reshaping the world of food and drug retailing. Topics include: Growth Strategies, Omni Channel, Shopper Driven Merchandising, eCommerce, Emerging Formats, Disruptive Products, M&A, and more.
Marketing Plan for OrderFolks, an food-grocery delivering startupArnab Bose
The presentation includes the marketing plan of OrderFolks, an online food-grocery delivery platform. It includes various strategies such as its pricing and its competitive advantage.
A Group Presentation for "Entrepreneurship and Creativity " module at University of Nottingham, Malaysia Campus.
https://www.facebook.com/Fahad.R.Rehmani
pk.linkedin.com/in/fahadramzan/
https://twitter.com/FRamzan
This presentation looks at issues which startups need to look while pitching this ideas / business plans to VCs.
Shailesh Vickram Singh has been an entrepreneur and VC for last 16 years and is presently working with SeedFund - India's leading early stage fund.
Tracxn Startup Research - Online Grocery Landscape, August 2016Tracxn
Five companies — Big Basket (Bangalore, 2011), Benlai (Beijing, 2012), Thrive Market (Los Angeles, 2013), Fruit Day (Shanghai, 2009), and RedMart (Singapore, 2011) raised funding rounds of over $100M this year.
Business Model Canvas vs Lean Canvas vs One-Page Lean StartupRod King, Ph.D.
The Business Plan is the traditional document that established businesses and non-profit organizations as well as startups, entrepreneurs, and innovators use to document their strategy and tactics for achieving goals in projects. However, the traditional business plan is voluminous, complex, filled with grand hypotheses (vision), and becomes increasingly irrelevant as a project proceeds in the real world.
In recent years, many individuals and organizations have been abandoning the traditional business/strategic plan in favor of one-page documents that present project plans, business models, and ecosystems. The most common one-page project summaries are currently the tools of the Business Model Canvas, Lean Canvas, and One-Page Lean Startup. This presentation briefly introduces and compares these three business model (ecosystem) mapping tools especially using the workflow of 8 activities for Lean Startup Project Management.
Which business model (ecosystem) mapping tool is your favorite? And why?
What other tools are you using for summarizing, presenting, and managing your project plans as well as business models and ecosystems?
We look forward to hearing from you.
Best regards.
Hvantage is fast and flexible so retailers can easily adapt to the changing landscape of consumer expectations and scale when they grow.
3D Cart is the premier platform for over 18 years in eCommerce and $4 billion in online transactions.
Running head E-Grocery business model – group project1E-GROcer.docxtodd271
Running head: E-Grocery business model – group project 1
E-GROcery business model – group project 8E-Grocery Business Model
Chathuri Samarasinghe
Tharangini Puvvala
Vijay Bula
Sullivan University
CSC560 Electronic Commerce and Intranet Development
May 5, 2019
E-Grocery Business Model
In the past few years, the online grocery shopping industry is growing with consumers rapidly along with expansion of digital world. With e-commerce expanding throughout the global market, the demand for online grocery stores has also been increasing. Companies like AmazonFresh, FreshDirect in the US have opened a platform for the companies to sell groceries to their customers with a single click. Many products that are being sold on online platform, that were considered to be impossible to convert for online shopping. With proper technology usage, the companies can sell perishable goods online and compete the traditional stores. Company Background and evolution
Fresh Grocery, Inc.
Our company, Fresh Grocery, Inc. is an online e-grocery store business that will be launched in December 2019. The online platform will have a wide range of both durables and non-durable goods, organic foods, fresh vegetables and fruits, and basic groceries at affordable prices. The online platform will have products from different brands, so the consumer can choose and buy. The company will be based in Chicago, Illinois with multiple suppliers. This is a privately-owned business, that is owned by Jane Doe (CEO), John Smith (COO) and Susan Smith (CFO). These executive committee members have hired, CTO – Bill Daniels to handle the design and build the website for their products and services. Vision
The company’s vision statement is to become a leading online e-grocery store in the US and to establish a one-stop and click online grocery shopping store in the US. Mission
The company’s mission statement is to establish an online platform to sell groceries from major manufacturing companies/brands at affordable prices to the customers. The company intends to expand their customer target groups throughout East Coast.Organization Structure
The company was co-founded by Jane Doe (CEO), John Smith (COO) and Susan Smith (CFO). The executive committee have hired, CTO – Bill Daniels to handle the design and build the website for their products and services. In addition, the company will have to hire below staff for daily operations:
· Strategic Manager
· Human Resources and Admin Manager
· Merchandize Manager (Supply chain management)
· Sales and Marketing Manager
· Development Team (online website development)
· Project Management Team
· IT Support Team
· Accounting Team
· Customer Care - Call Center Team
· Legal TeamProduct line & services
The company will sell a wide range of goods from top brand companies on their shelves in the state of Illinois. The online platform will have durable and nondurable goods that include the below:
· Fresh organic vegetables and fruits
· Fresh organic dairy .
Still trying to woo customers to your online store? With PNA's E-commerce Data Analytics, you can find out how to bring in customers and turn them into repeat shoppers.
BigCommerce is a fairly new, but quickly rising element in the eCommerce world. In 2009, BigCommerce ranked at number 1 in eCommerce software solution when viewed for its flexible utility and set up by close to 9000 internet sellers - and ever increasing user base; BigCommerce caters to more than 35,000 users across the globe. And here at Hvantage, we very well know the rising popularity and ability of BigCommerce, and have an fervent, skilled and well-informed team committed exclusively to offer you with reasonable and quality BigCommerce back office services.
Aligning Value with Key Capabilities to Drive Retail SuccessCognizant
Cognizant commissioned study conducted by Forrester Consulting of 4600 shoppers globally. Its findings uncover a significant disconnect between what shoppers value and the experiences retailers provide.
1
4
Week 5 Gemba discussion
Britnie Greene
MHA/598
Dr.Sloan
May 14, 2021
Component identified
I was able to visit some aspects of our goal delivery plan during my Gemba Tour. What I saw from these places were the consumer preference of our goods, and I saw that our rivals have a strong rivalry in terms of product preference. Customers will select or purchase the commodity of our rival regardless of the product's unit value. I noticed that our goods were expensive relative to our competitors' products. Our rivals will and the quality of their goods to sell further when our products are stagnant.
Situation
As I watched Gemba on my walk I also saw that several consumers had no knowledge about our goods in the region that I was walking in Gemba (Shaikh, 2018). Many of the consumers didn't recognize our goods and the less who knew our products were too pricey when asking about them.
Background
By observing our focus areas for our product delivery strategy. I have been able to identify certain chances. The benefits that I have found are that due to the rise in clients, we will increase our distribution percentage from 50% to 80%. I was happy to see our revenue increase as we would make current consumers and new customers aware of the products (Regan, et al. 2021). Another chance I had was that we could start a subsidiary at the heart of our sales targets in order to get our goods closer to our consumers.
Assessment
I spoke to our existing clients, access critical and the neighborhood where I held my Gemba walks during my Gemba walk. Our clients, future customers and the world were the people I worked with. They are responsible for using our goods and even selling our products on our behalf (Al Ajlouni, et al. 2021). What I have heard from our clients, future customers and the world is that they need our goods, and because of our weak delivery, they cannot get our products. Everything they said was that in the middle of our project proposal, we must open one branch that would enable them to quickly get our goods without any discomforts.
Recommendation
We can prioritize the delivery of goods as the short-term ideas about how to boost product distribution in our business. This is by placing all our money to enable our products' distribution channel to move efficiently. We should also establish metrics and monitor results. The long-term concept is that we can open different stores at our various consumer points to allow them or to buy and access our goods. My employer is reacting well to this mission, since it provides an incentive to recognize the different methods to be used to enhance the delivery to our consumers of our goods, which can lead our business to benefit.
References
Al Ajlouni, D., & Mohammad, M. (2021). Effect Of Training Level On Environmental Awareness Among Northern Border University Students: A Case Study In Saudi Arabia Related To Vision 2030. Journal of Contemporary Issues in Business and Government, 27(1), ...
2. Startup idea: Online grocery
store(India)
Our startup idea is E-Z grocery (e-tailer for
Groceries ). Groceries form a major chunk of
sales in retail markets and these are
unorganized mom and pop shops run by
family members in India. And now with the
growth in working urban couples, internet
friendly shoppers, rising disposable incomes
and rising ecommerce reliability, times are
changing. There are quite a few benefits of
shopping online for groceries. Working/Busy
customers can save time in terms of
commuting, waiting in long queues at billing
counter.
3. Executive Summary
With the busy lives that most of us lead these days, anything that
saves time is a boon.
e-z grocery is a fantastic and extremely convenient way to shop
groceries. We provide a free home delivery service which saves
you on wasting your precious time in traffic snarls, browsing
through the product lines, payment queues .
Imagine all the things you could do with all the time saved, like
spending quality time with the kids, or perhaps even catching the
movie you have been meaning to see.
We also have a huge variety of products line up which a normal
brick-mortar grocery wouldn't house.
We are very customer obsessed and believe in providing the best
service.
4. Personal Story
We (Harshad, Rachit, Neha, Varun and Mihir),
obviously want to become entrepreneurs and it
is this quest that brought all of us together
through this technology entrepreneurship
course.
We are young and talented bunch of people
who really want to make difference in people's
lives. Our team is a nice blend of experience,
fresh blood, tech savvy and domain experts
5. Marketing
1.Website first
2.Social Media marketing
3.Local search engine optimization
4.Blog writing and marketing
5.Weekly newsletter
6.Geo targets
7.Chain marketing offers
8. Partners and Allies
The partners of our enterprise would be the
people would help us to transport the goods
from the source to our storage. This would be
logistic companies. Logistic companies will
help us procure and deliver our goods.
Suppliers like farmers and companies that
manufacture grocery products would be
partners. Even local bakeries and dairies
would be useful partnerships
9. Partners
However our approach initially would be to
approach the middlemen. We would like to
eliminate some middlemen while working with
a few so as to eliminate cost. Yet eventually
the goal would be to reduce the middlemen to
give the cost advantage to the consumer.
10. Distribution
Our initial distribution would be through partners.
This could be various companies or people
who are already into delivering one thing or
the other(like private mail companies).
However, most convenient and cost effective
method would be to do it directly by us. Firms
that handle logistics would be very useful
partners in this as well.
11. Costs
The cost would have to bear is that of building a
reliable website that would be easy to use and
intuitive. This would require building a good team
of designers. The team would build websites and
applications. Transportation would be a regular
cost which can only become more cost effective
with biggers sales. We would like to reduce costs
by eliminating the middleman as far as possible.
This would reduce the distribution of margins
making the end product cheaper while increasing
our and our partners’ profit margins on any
product.
12. Revenue Model
The revenue would be through different modes of
payment that we would like to offer our costumers.
Options like prepaid, postpaid, and cash on
delivery would be good options. We would like to
encourage our customers to use the prepaid
option by offering incentives like coupons or
discounts. Prepaid would give us capital with
which we can procure larger quantities of goods.
This would give us the power to negotiate and get
better deals on certain goods. The other payment
modes would be convenient to the user and would
contribute to overall experience of shopping with
us.
13. Risks
The consumer not buying certain goods would be
a risk if it is stocked up in inventory. We would
have to carefully estimate what the consumer
would like to buy and to advertise and promote
slowly moving goods. The risk is bigger with
perishables.
Quality- Bad experience in terms of quality of
goods or the quality of delivery can ruin the over
feel of the whole experience. Training suppliers
and distributors would be a key to improving
quality and regular monitoring of these to maintain
the quality will take care of the risk
14. Funding
Initially, this venture will be self-funded with
individual contributions from each of the
founders and funding from Angel Investors’ will
also be sought.
Based on the growth we achieve and our
future plans, funding from venture capitalists
will be sought.
15. What We Did?
Value Preposition of Online store
Market Volume analysis
Market sentiment(Investor Sentiment about the
idea)
Customer Survey
High fidelity prototype
Present rivals and their analysis
16. Test And Survey
Customer Feedback Survey
We asked more than 30 people what problems they face
while doing grocery shopping and what according to them can
make the whole system more efficient.
Website Usability
We made a website for the online store and asked
customers to use it and give us feedback about what parts are
to be improved
Competitor Survey
We also visited all the local grocery stores and online
grocery websites to understand how they work and where do
they fall short.
17. What Changes will convince you to order groceries onlin
0% 10% 20% 30% 40% 50%
Wont use online groceries
Other
More products offered
Faster Turnaround time
My house in the delivery radius
My grocery offering those services
Tengible incentives(freebies,discounts)
Better web design that would make it easier to buy
Lower Fee