B2B SaaS + B2C Rewardsplace
a unique model marrying rewards/royalty prgramme at consumer end with online buying of services or products for B2B businesses like resturants, retail, hospitality & other services
The only other entity which has a similar business model mapped is UK-based Foodhub but there is a handful of B2B ordering SaaS solutions in the market.
What we will be doing differently is that the B2C component will have rewards/royalty engine making it also a preferred way to buy things online. Something in line with what Cred is doing for credit card payments
Digital transactions and data are the currency we will earn via the rewards engine which will enable us to make the platform valuable for advertisers and businesses.
The B2B component will be the revenue generator short term in the form of SaaS revenue from business owners who wish to take their business online.
Our solution would let them take orders in their own domains with a mobile-first approach. This means an app-less mobile ordering solution for business owners.
Every customer or transaction on the client system will create a mirror username in our B2C database with consent from users.
What’s the business model or how will we make money?
The growth in revenues of restaurant-to-consumer delivery orders mean restaurants need a commission-free solution that helps them take ownership of the channel and give better returns than giving 15-30% commission to the likes of Justeat.
Our initial audience customers or early adopters are fine dining restaurants or restaurant chains or hotels that already have a substantial online ordering income.
We will offer our free plan to smaller restaurants.
B2B
£399 or ₹9999 for the annual subscription which covers POS device, menu setup, QR & Marketing materials, and support. 1%+10p transaction fee
£40pcm or ₹999 for the monthly subscription with £80 upfront, which covers the first and last months subscription. POS device, menu setup, QR & Marketing materials, and support. 1.5%+10p transaction fee
B2C
advertising or brand partnerships
Launch own brands/products/services
6 Reasons why the business has huge potential
70% OF CONSUMERS PREFER TO ORDER DIRECT FROM RESTAURANTS, NOT THIRD-PARTY SERVICES.
Research from Preoday, reveals findings on U.K. consumer attitudes to third-party mobile and online ordering providers that charge commission fees; 70% say they’d rather order direct, preferring that their money goes straight to the restaurant, not a third party. Only 15% said they didn’t really care how much money the restaurant received from their order. Read more here.
THERE IS A GROWING SENTIMENT AGAINST DELIVERY APPS FOR CHARGING HIGH COMMISSIONS
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
OWNING THE ORDERING EXPERIENCE IS MORE IMPORTANT THAN EVER
43% of restaurant professionals said they believe third-party apps—many of which withhold data—interfere with the direct relationship between a restaurant/bar/pub and its customers. .
LOCKDOWN/COVID HAS CREATED BUSINESSES TO THINK AHEAD WHEN IT COMES TO DIGITIZING THEIR BUSINESS
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
MOBILE IS WHERE THE ACTION IS
Orders placed via smartphone and mobile apps will become a $38 billion industry and make up nearly 11 percent of all quick-service restaurant sales by 2020 Read more here.
RESTAURANT TO CONSUMER DELIVERY LEADS ALL THE WAY WHEN IT COMES TO ONLINE ORDERS
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Peers
Uk & Ireland
Flipdish- https://www.irishtimes.com/business/technology/flipdish-secures-40m-in-funding-from-stripe-backer-tiger-global-1.4481550 - one of the main players in Ireland - https://www.flipdish.com/
Order Yoyo - https://orderyoyo.com/
Ordering app - https://the.ordering.app/
Yoello - https://www.yoello.com/
Podium - https://podiumapps.com/
Store Kit - https://storekit.com/takeaway#pricing
USA
Olo - https://www.olo.com/ - not a SaaS model but more of a custom solutions provider
Yelo - https://yelo.red/ - not a SaaS model but a whitelabel model
Restolabs - https://www.restolabs.com/pricing
XE eats - https://xeeats.com/pricing
India
Limetray - https://limetray.com/order-management-for-restaurant
Dotpe - https://dotpe.in/
https://www.eatabl.in/
https://www.peppo.co.in/
https://www.yumzyx.com/pricing
https://thrivenow.in/order
https://www.uengage.in/
https://www.urbanpiper.com/
These are similar players that are shortlisted as active players but a lot more can be found here.