This is the section for you to put forward your cash cow ideas so they can be discussed and with any luck turn us all into millionaires.
DB’s Express
- Cross between home/online shopping and traditional push a trolley shopping. There seems to be a lot of resistance to online shopping in many countries, even though it is simple and readily available. Instead of trying to break this human behaviour, why not improve the process.
- Upon entering each customer will be given a simple scanning device. This allows the customer to scan the product they want, multiple if required, delete option if needed and has a progressive total on the screen. Once finished they walk to a cashier which takes the hand held and swipes the total, you then pay and leave. Groceries are then delivered to your door just like online shopping and you are free to wander off without lugging shopping bags.
- It still gives you the wandering around shopping experience, which I have to say I don’t mind, combined with the convenience of online services.
- Capital expenditure is vastly reduced as floor space is kept to a minimum. Staff costs are also minimal as you remove the need for stocking, excessive cashiers and security/floor personnel. Stores can be designed in a nice simple way, with standardisation also allowing for a Franchise model.
- Sourcing would be the major problem as developing some economies of scale and supply relationships could burn some time and cash at the beginning.
