Grocery Bazaar Essay

http://grocerybazaar.nowfloats.com/

GROCERY BAZAAR BUSINESS MODEL

Online grocery business is expected to grow at a rate of 25-30% per year in majority of the cities in India and is expected to cross $25 billion by the year 2020.

Grocery Bazaar online grocery store work on the franchise model. Simply put, it is nothing but collecting orders through one common portal and then assigning the orders for delivery to designated stores.

Although it may sound a simple idea to execute, some of the key steps need to be planned well to ensure success with this idea.

Some of the basic steps involved in setting up Grocery Bazaar are as follows:-

STEPS

1. Identifying /deciding coverage area

2. Listing known grocers in the area and discuss partnership

Once we have a plan ready for Grocery Bazaar, we need to reach out for a good Grocery Delivery App Development Company [NowFloats Technologies Pvt. Ltd. . (http://nowfloats.com/) in our case] and get our app or website developed.

Now that we have a well-defined app or website with us, we start gathering the resources required to set up the business like delivery boys, internet, telephone system, etc.

Since we are planning to set-up a business in a high competition industry, we need to put in a lot of efforts in advertising and marketing so that more and more people are aware of your services. Also, mark your presence on all social media. Make ourselves as much visible as possible.

The right steps will definitely flood us with loads of orders.

How Much Investment Is Required

To start Online Grocery Delivery Start-up, we will be needing an app (N0wFloats Boost App in our case and a website (http://grocerybazaar.nowfloats.com/), telephone system, Internet connection, delivery boys, bikes, marketing. Excluding marketing it will cost us somewhere around 5 lakhs to 7

Here are some challenges we will surely be facing while establishing and running Grocery Bazaar:-

• Online Grocery Delivery Services are a low margin game. We need to make effective strategies to make our profits.

• Differentiating ourself - With the growth of industry and popularity of service, our competition is increasing day by day. We need to think something real out of the box to make your business stand out from the rest.

• Creating loyal customers or getting on time buyer turn into repeated customer is another major challenge.

• Making handling, packaging and deliveries cost effective for our business.

Conclusion

The best thing about Online Grocery Delivery Business is that it is a capital intensive business and is yet to be cracked for maximum profits. So, we can start afresh with some new strategy and try to make it a huge success setting up a role model for others looking forward to start Online Grocery Delivery Business.

Watch Out For Grocery