@kumarharsha2212 10 years of digitization yet 89% of high ticket value are sold offline, especially electronics but the discovery will happen through the internet. Awareness and consideration from the marketing platform have changed how people perceive a product but decisions are made offline.
@kumarharsha2212 Absolutely. But one can mimic the behavior of offline on an online platform. Like in higher ticket value items generally, the buyer initiates an unspoken bidding among sellers to get the better price. The same can be mimicked through time-bound reverse-budding
@shrishtie And yet we are not solving for India. We immediately started working on the hyped tech and forced the same to be used by others.
Solve first for India with the tech in hand.
It is so great to see normal ads during a match as before fantasy sports companies had inflated the ad inventory prices sky-high making other industries opt out from high viewership matches.
GST's move on fantasy sports companies is having a different kind of impact.
@mukularora India is a very retail-oriented ecosystem so building a hybrid marketplace as consumer behavior is shifting from a total digital purchase towards a hybrid behavior, especially in higher ticket value items like electronics.
Keeping this thought and trend we are creating @ohlocal
For CEOs, and founders it's okay not to think of only results. If you have a "result-only thinking" mindset you will not be able to build a successful working relationship with fellow founders and C-suit. Outcomes are very important, but it is more important to work as a team.
It's always challenging to find the right seller and price to buy electronic products.
At OhLocal we have solved the hassle of discovery of sellers and prices.
The true way of digitizing the commerce ecosystem.
#disruption#commerce#marketplace
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Yesterday my sister told me that she ordered something from Minimul one of the Instagram fashion brands and unfortunately her experience with the exchange was horrific.
To her surprise, she was told to DISCONTINUE her affiliation with the brand.
Thought?
@sandeepssrin@amazonIN@sony_india In the last decade, we have seen so much hassle and fake products from Amazon or Flipkart that's why we created @ohlocal where you can buy electronics from your trusted city seller at better prices. Do check out us.
@AKhandelwal11 Absolutely. India's retail ecosystem is a major backbone of India's economy.
But as we are seeing a shift in user behavior we need to elevate the retail ecosystem through tech.
What are some customer pain points in shopping through local retail?
1. Time-consuming product search
2. Lack of real-time offers
3. Lack of personalized offerings
4. Ineffective complaint redressal
5. Product unavailability
How can retailers be digitized?