HOW TO START & MANAGE YOUR OWN ONLINE GROCERY STORE BUSINESS 2020
As the pandemic confines all of us to our homes, there are only a few industries that are expected to thrive, one of which is grocery delivery. Grocery items form a basic necessity for every family. They constitute daily need items which need to be purchased on a daily, weekly or monthly basis.
So how does an traditional grocer / an individual go about setting up his/her online grocery store business?
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“Omnichannel grocery is open for business & ready to grow. With consumer habits still evolving, traditional grocers have a unique opportunity to lead the online migration.”— BAIN & COMPANY + GOOGLE
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CLICK & COLLECT SALES SURGED AMID COVID-19
“22% of users are new & ⅔ plan to continue their use in a post-COVID world. Brands & Retailers need to react to this fundamental shift in consumer behavior.”— NUMERATOR.COM
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“As coronavirus pandemic pushes more grocery shoppers online. Experts say this will remain at a higher level as customers have tried new services and discovered their conveniences.” — CNBC.COM
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FORECASTED PENETRATION RATE OF ONLINE GROCERY
“Demand for online grocery has surged during the pandemic, outstripping the delivery and in-store collection capacity of many grocers. But what of the next five years? We modeled three 2020–25 scenarios around variables such as how quickly a cure or vaccine is found and the quality of the customer experience. In all three scenarios, penetration is poised for a marked acceleration. This poses a challenge to the industry. Online grocery is usually less profitable than in-store transactions. To avoid damaging dilution, executive teams need to act now to improve the economics of the channel.”— BAIN & COMPANY
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“By making an active investment in ecommerce now, you will be better positioned to achieve successful market results in the future.”— ENTREPRENEUR.COM
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TOP 10 CHALLENGES IN AN ONLINE GROCERY BUSINESS.
✓ Finding the right products to sell
✓ To reach the right audience & location
✓ Customers not being a technoid
✓ Customers reluctance to pay delivery charges
✓ Changing over shoppers into paying customers
✓ Nurturing the ideal prospects
✓ Focusing on horizontal expansion instead of vertical
✓ Not mastering the art of inventory management
✓ Choosing the right technology & partners
✓ Challenges in operations and training
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HOW TO START ONLINE GROCERY BUSINESS?
✓ Decide a target location/audience
✓ Integrate with different vendors
✓ Register your business
✓ Start an online grocery app
✓ Set the inventory & list them category wise
✓ Find a delivery system
✓ Multiple payment options
✓ Social media presence
✓ Make a marketing plan
✓ Store Scalability
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WAS IT HELPFUL
ARE YOU LOOKING FOR AN ONLINE GROCERY APP?
Find out how we can work together to convert your grocery app idea into reality.
GET IN TOUCH —REACH@BLAZEDREAM.COM
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