02/08/2022
๐ ๐ฅ๐๐ ๐๐๐ฅ๐๐ฌ ๐จ๐ง ๐๐๐ซ๐๐ณ ๐ข๐ง ๐๐ฎ๐ฅ๐ฒ (๐๐๐ฌ๐ ๐๐ญ๐ฎ๐๐ฒ : ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐ข๐ง๐ ๐๐% ๐๐๐)
๐๐๐ฌ๐ ๐ฌ๐ญ๐ฎ๐๐ฒ : We launched this store in February 2022, it has taken 1.5 months from account creation to product ranking, by the ๐๐๐ ๐ข๐ง๐ง๐ข๐ง๐ ๐จ๐ ๐๐ฉ๐ซ๐ข๐ฅ the store goes to recover its ROI rapidly and become stable.
And then it keeps growing due to proper marketing and competitor research.
This screenshot shows the last ๐๐ ๐๐๐ฒ๐ฌ ๐ซ๐๐ฏ๐๐ง๐ฎ๐ ๐ฐ๐ข๐ญ๐ก ๐๐% ๐ฉ๐ซ๐จ๐๐ข๐ญ margins overall.
๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐๐ซ๐๐๐ค๐๐จ๐ฐ๐ง :
It's total investment was 4 lac
20k for branding
50k for legalization (TM and Company)
30K for ranking
250K for inventory purchasing
Daraz one of the best marketplaces for building a brand
Daraz has the potential to scale up businesses. Besides being the biggest marketplace, Daraz has Monopoly throughout Pakistan. If someone goes build one's asset into Daraz then it must get big chunk of sales.
๐๐ก๐๐ญ ๐ข๐ฌ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐ ๐๐ซ๐๐ง๐?
A business account based on private limited company (SMS)
A trademark or acknowledgement letter based on your private limited company
For building a brand, it requires to hunt a niche not individual products with different niches.
5 to 8 winning products belong to same niche
The products prices should between 500 to 1000 with 25% to 30% profit margins
For sourcing Pakistan local markets are preferable, because current value of pkr against dollar is not in the favour of import.
For marketing and ranking Daraz campaigns, Facebook ads and influencer marketing are quite effective.
Once all goes accordingly, by reducing profit margins to increase sales velocity, the buyers convert into followers. These efforts ultimately result in higher and higher revenues.
Special Appreciation to Hanzala Yaseen for making it possible.
hashtags: