Okay so this thing has distribution backend too. I don’t get how these stores make money. At say $20/sq-ft for a 200 sq-ft store, you’re talking about $300 in margin/day just to cover rent. At say a 60% gross margin for overpriced tchotchkes, that’s $500/day revenue to cover renthttps://twitter.com/aneel/status/1191023145546858496 …
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I mean, for the most part, I would suspect that the purpose of these shops isn’t to make money and the proprietors don’t need the shops to make money. In the case where they do need that, they’re in for a rough ride born of disillusionment.
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Yeah that’s my guess too. It just annoys me.
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Dude I’m like 90% sure that half of all businesses get started by people who don’t think about cost structure or market size even a little
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In 2015 when the food and grocery delivery book took off in India with 100M USD cheques being written, one guy started a drinks delivery company called Thirstkart. What did they do? Deliver Starbucks at cost to you in <30 mins.
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I think that these stores are the new "art galleries". Real estate developers give them store space for super cheap to fill an actually unaffordable space and up sell their new condos until they can move a Starbucks in. I think there is a cabal of developers email list.
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I also have noticed "the red door" in real estate listings, I don't know the story but I imagine that in the Realitor's cabal email list that someone had stats for sales of houses with red doors being higher. No actual house owner is going to paint their door red, it's weird.
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Boutique money launderers? A MLM scheme for gentrifiers?
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