Business Model
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Revenue Model
The revenue model of MyGroceryNeeds.com is very simple. MyGroceryNeeds.com does not charge
any customer for browsing. The browsing is made free of cost. The revenue model can be
segregated onto the following sub categories, namely:
Registration Fee
Manufacturers or Distributors pays annual rent for registering to MyGroceryNeeds.com. In order to
enlist their products or to put any kind of advertisements the companies must be registered. This is a
fixed rent.
Listing Fee
Manufacturers or Distributors pays annual rent for listing each product. This is a variable rent
calculated keeping the cost and various other factors in mind.
Service Charges
Service Charges are in terms of the following:
•
Shipment – MyGroceryNeeds.com charges a nominal amount for shipment of products
to the door step. This depends on the distance and amount gradation.
•
Maintenance – MyGroceryNeeds.com also charges a percentage of the order for
maintenance of its business.
•
Discounts – MyGroceryNeeds.com offers discounts to all of its deals depending on the
time and volume of orders.
Advertisements
MyGroceryNeeds.com allows different advertisements which are also a source of revenue.
Supplier
Registration
Product
Enlistment
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Products
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