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i am building a online mall,would you invest in it ?
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This is a great idea, in theory, however from a business point of view:The idea is quite simple ...
Shops / Services Providers rent space on the online mall platform to sell their products / services .
For the monthly fee they will pay ,let's say 2500 euros per month ... they will get a lot of visitors do to fact we are going to invest most of that money let's say 70% in entertainment/development/programming/marketing & advertising,salaries .
This is a great idea, in theory, however from a business point of view:
Lastly, and just my opinion, it looks very dated. If I ended up there from a 3rd party link suggesting I buy something I'd immediately leave the site feeling like it's a quick throw together to spam people (sorry).
- It's been done a million times, and millions of such sites already exist including huge names that already have the market share tied up. How will you compete?
- For a business that is worthwhile having on your site to pay so much they are going to want a "profit" from the get go, otherwise they wont pay it.
- The business model you propose needs the revenue from them BEFORE you invest in massive ad campaigns to enable them to get a return profit. This model is not a viable B2B attraction with a profitable return that someone will invest in. You are quite literally wanting businesses to "fund" a site that has no traffic and gives them no immediate viable returns until the site "becomes popular". Which in itself has no guarantees and they could just lose all their money.
I feel you're being defensive, which is understandable, but no need.1.Show me links to similar sites ?
2.Like it shows in the diagram when a shop joins ,70% goes back in to programming/advertising services etc...that generates traffic for the platform ...
3.Well that is the point isn't it ? If i create a free shop for you and i do all the advertising and programming ,i hire all the artists etc i will go bankrupt in a few days,months ...
4.That's a wireframe not the real design... just so people understand what i am trying to build.
I feel you're being defensive, which is understandable, but no need.
--snip--
Your website is not a "real mall" it's the same as Amazon, therefore the comparison of your venture vs Amazon is surely valid?1.In a real mall you can communicate with the merchant ,and any question you ask they will answer it for you ... On amazon it's lifeless
Sorry, I fail to see the relevance of this in the discussion of your website being a viable business or investable venture.If your a shop you pay a monthly fee of 2.5k like in a real mall ,if your a investor 2.5k that is low amount investment for a mall like this ...do something else with that money ,investors understand what i said by just looking at diagram ... now if your a shop owner and pay 2.5k fee monthly ,your money is peanuts...your money stays in escrow or is used for ads to make other shops join in etc until more shops joins in ...Marketing / Advertising team will know exactly what to do with that money ,you as a shop focus on your clients to provide best service/products for them , and how we brink traffic in leave it for the marketing/advertising team ...this is why you pay them via your shop monthly fee ...There will be a initial investment that will generate traffic etc just look at the diagram i made...
I don't see what any of this has to do with your idea being viable or the likelihood of real businesses investing?3.So you say you got a shop ok ... now how much it cost you cloud hosting ,how much it cost you the payment methods you use ...? How much it cost you designers ? Are you sure you can provide all payment methods for clients ? When a hacker attacks your site and destroys it what do you do ? Beside marketing /advertising services you also get programming,security,design services and so on ...you just focus as shop on providing the best services / products for clients .
Live the dream. Best of luck to youThink of my mall idea as the Roman Empire ...and your single shop no matter what brand you are as a small village...your choice if you join or try to compete it
But in the long run you will not be able to compete with my mall as a single shop ,my mall idea is a cooperative .Either you join us or you go bankrupt as a single shop.
Your website is not a "real mall" it's the same as Amazon, therefore the comparison of your venture vs Amazon is surely valid?
Sorry, I fail to see the relevance of this in the discussion of your website being a viable business or investable venture.
You are not a shop you are a website, competing with Google ads, Amazon, Ebay, etc.
And for whom is $2.5K peanuts? If it were then you'd need no backing or investors. It's a lot of money, business who see it as otherwise have gone bust. Or are huge corporate companies who use other huge operations to advertise with, not someone's new tiny venture (no offence, just facts).
I don't see what any of this has to do with your idea being viable or the likelihood of real businesses investing?
Live the dream. Best of luck to you
Keep this in mind, not just ebay, amazon, and so forth are there for businesses, but now tik tok, instagram and more internet media companies getting into stores.
See facebook, one can do all that for free.
Amazon: An Amazon storefront is free. Companies do not have to pay a fee to open an Amazon Store. Many companies with an Amazon Store, however, do subscribe to the Professional selling plan, which costs $39.99 per month.
So it will be hard to convince someone to pay you 2.5k dollars per month.
The time series shows the net revenue of Amazon.com's e-commerce and service sales from 2004 to 2019, in billion US dollars. In the last reported year, the multinational e-commerce company's net revenue was 280.5 billion U.S. dollars, up from 177.86 billion US dollars in 2017.
ANd not one of their storefronts are paying 2.5k dollars per month, except maybe those selling enough products to pay the % fee amazon wants.
You are not looking out for the businesses, the people who sell the products, instead you are only looking out for investors!!!!
And that dooms you from the start.
You will not be able to compete with my mall ... not even amazon will
Do you even realize how many resources it will have if 100k shops join in and each shop pays a 2.5k rent fee + 30% for investors ?
That's 250.000.000 USD monthly just for advertising/marketing/programming/security/hosting services etc...
And that's 3.000.000.000 USD yearly
Now imagine 1 million shops joining in that's 30 billion USD ... + other services etc ... it's a giant
producer ...When you mean a (Shop) you mean a producer or X Good ?
i am building a online mall,would you invest in it ?
Preview: