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varganas
Joined 15 years ago
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1
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1
Member since
Nov 28
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Comment · 15 years ago
Good concept, bad pricing. Not owning your product and selling it at a high markup (starts at cost + ~$20 for small items and converges to 20% markup for more expensive items I believe) will prove to be a non-viable business model. Consider offering some customization, bundling, or outright proprietary products - difficult to do, but that's often the way to own the space. Eg look at Warby Parker and how owning the product allowed them to disrupt the glasses market.