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anonymous about 12 hours ago
Hi! I'm curious what is your perspective on etchical point of view in this product. If it's ment to decrease staff, then it's going to increase unemployment. Also one principal purpose of this product is to increase sales and impulse shopping. Then it's expected that it will affect on increase of consumer waste (and, in the start of the production chain, increased need for resources).
Alexey Levin 8 days ago
Great business and huge opportunity ahead of you! I've got some questions before deciding to invest.
- How are the 16% conversions calculated? Transactions / Shop visits or Transactions / App visitors? It is not the best way to compare conversion rates of completely different environments with different user intents. If you catch a visitor inside a supermarket, he would have a 90%+ probability of transacting.
- Question about Scandit and self-checkout. How to check if a visitor scanned all the products correctly? Any theft protection ideas?
- Smartcart users spend 74 % more than the average shopper" - How can you tell with much confidence that it is Smartcart that has increased conversions? Maybe it is just a result of filtering out of more affluent visitors disproportionally attracted by a new fancy gadget?
- Why are your smart carts so expensive to manufacture? 10,000 Euro, really? 2,600 EUR per item for transportation and installation costs also looks too much.
- Do you have plans to create your own brand-agnostic shopping list app (I mean not a third party app K Ruoka, which has a poor user rating)? Users could use the list, sync it with a smartcart and shop. This could give you more power over shopping networks if users would belong to your platform/ecosystem, but not the shops. Also the app could work as a cash-back service, or best-deal locator, or an advertising platform driving foot traffic, tracking the whole online-2-offline journey, etc. In today's modern world you need to become a platform, but not just be a hardware/software commodity producer."
- What % of visitors start their shopping journeys in the app before visiting a store? And what % of total smartcart users actually sync the app with a cart?
- What % of revenue comes from a top-1 retailer? What % of growth last year can be attributed to this top-1 retailer? How may customers do you have now and how many did you have a year ago?
- Why did you choose Paraguay for international expansion ?
- Why didn't multiple attempt to create smart carts take off? See https://newatlas.com/smart-cart-sk-telecom/19368/, https://www.behance.net/gallery/7333153/Digital-Shopping-Cart-Tablet or dozens of similar cases for many years. The idea is pretty obvious and it has been attracting attention for at least a decade. Why and how is SmartCart able to crack the problem?
Best Regards, Alexey Levin https://angel.co/levin-levin