chadlpowell
Joined 14 years ago
Joined 14 years ago
We see delivering products (of any kind) in as fast as possible more inevitable than as our differentiator. For a large group of consumers, Uber has contributed to the shift of consumer expectations to mobile, instant and high quality.
We actually don't think of local florists as competition. Rather we partner with the good ones, provide the tools and training to make awesome arrangements, and bring in the urban logistics to make on-demand delivery possible. As you said, vertically integrating all of this new infrastructure would be way too capital intensive. There's a fairly new entrant to the market doing that now and it's taken a long time to hit a $4mm run rate.
On the consumer side of things, you're absolutely right. Great branding and awesome customer service will solve a ton of problems. Worst case for BT, a little bit rubs off on the incumbents and customers still win. Thanks again for your comment.
Most of our users are sending flowers in creative ways outside of the obligatory flower send occasions. For this reason and others, we see the total addressable market to be quite large. In fact, we've reached substantial small biz levels of revenue in a matter of months.
Delivery in 90 minutes is what allows people to send flowers in creative ways. But hey, we're happy to concede 90 minute delivery isn't a game changer these days - it's a requirement.
Our users tell us the power flowers arriving moments after leaving a meeting or closing a deal is quite real.
Thanks for your comment!
Existing online shops give florists a lot of leeway in the arrangements they put together. BloomThat, however, works very closely with our partners, providing exact specifications for each arrangement.
By keeping the offering limited and holding everyone to a high standard, we're able to ensure quality across the board.