Best Ideas 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Idea’ category. All the entries consist of innovative solution or proposition for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage. If you want to know the 10 finalists in this category, click HERE
Explain your idea in details:
Premiere Vending is full service / product business dedicated to consistently and continuously supply basic everyday products and consumables through technology; aimed at ensuring easy accessibility that will generate customer satisfaction through high standard technology at acceptable and affordable price or value. It is a self service / self help system. It's no news there are no existing vending machines in Benin Republic. People consume a lot of edibles and other related products daily, but within a limited time. Benin has a growing market of consumers of about 10,008,749 people; according to 2013 statistics. Lack of vending machines makes it difficult for retailers to sell more and consumers to buy more at any hour of the day and anywhere. Premiere Vending offers VENDING MACHINES, that will be set-up, programmed and available to vend any product depending on demand or request. The Machines can be bought at affordable prices or rented, with various features for an enjoyable experience per customer. Say bye to rude sales-persons and poor customer service. MAIN OBJECTIVES: -To engender retail technology and development through innovation -Selling wider range of products anytime, anywhere -Introducing self service system -Bringing about technological advancement and infrastructural modernization -For robotic customer service ACTIVITIES: -Retail technology -Selling of robotics to enhance retailing -Infrastructural development INNOVATIVE APPROACHES: Giving people extra options at any hour of the day, to get same products with same quality at fixed prices by the retailer or business owner is an innovative approach on its own. It's introducing them to self service system. -Vending basic daily consumables -Simple to use features -Robotic experience -Fast dispensing -Friendly customer experience (Robotic) -24H/24H availability -Nation wide distribution Premiere Vending is the first self-service technology in the country. Innovation for an outstanding satisfaction, integrating already existing retail industries of Bénin into profitable, innovative technology driven spheres.
Expected impact of your idea on sustainable development
Retail industry of Benin Republic is economically viable, volatile, fast moving and highly consumptive. There is constant and continuous growing demand for products, more accessibility to goods and commodities with better services across the country, most especially the economic capital: Cotonou. The retail market is highly feasible and promising. This has led to a stream flow of imported and locally made products into the market. Retail sector trends and studies show that as time becomes more awakening and enlightening, people want better products, more products, better and faster services at all times and in one location if possible or easily accessible locations. Customers are now more educated, more exposed, more informative and more demanding than ever before; especially for quality. Our market area is basically the economic capital of the country - Cotonou and its surrounding communities such as: Porto-novo, Calavi, etc. TARGETS: Entire population customer profile: Schools, company corridors, supermarkets, malls, street, etc. Retailers / retail business owners, manufacturers and distributors SUCCESS EVALUATION: -Economic advantage -Social advantage and tourist benefit -Technological advantage to infrastructural development -Societal advantage to consumers (The Population) -Profit margin -Unbeatable service to be dispensed -Innovative concept -Ease and facility of service
Plans for implementation and sustainability
The product offered by Premier Vending is simply VENDING MACHINES. That will be set-up, programmed and available to vend any kind of product depending on demand and request. The Vending Machines can be bought at affordable prices or rented, with various features for an enjoyable experience per customer. Innovative technology Wide range of products covered Self service system Technological development The service or services offered by Premiere Vending is simply self help technology; giving people an extra option at any hour of the day, to get same product with same quality at a price fixed by the retailer or business owner (could be same price). It is introducing them to a system of self service that Premiere Vending envisions. Quality products At anytime, anywhere Availability everywhere. i.e. in shops, kiosks, offices, schools, etc Variety of choice Self help technology In line with the turn over expectation and in line with the peculiarity of the nature of this business as well as the base country, our advertising strategies will be the following: Television publicity Radio publicity Magazine ads Billboards Posters Satisfied and pleased clients who will through word of mouth attract more clientele and awareness. Every media medium available in the country will be an advertising strategy for us. Our research has shown that television publicity is one of the best advertising strategies for this business, as far as Benin Republic is concerned. There will be a team dedicated to market the service and product offered by Premiere Vending. They will be responsible for all matters relating to sales, discount offers and general arrangements. OWNERS The owners constitute every retailer, retail business owner, product manufacturer or company that purchases a Premiere Vending Machine. This includes companies that will want to equip their office corridors.
Akinloye Tumi Solange is founder and CEO of Premiere Communications. A 24 years old entrepreneur, with a B.sc in International Relations, three professional certifications in Project Management, Customer Relationship Management and Understanding Human Rights. She is a professionally certified member of EC-Council, where she obtained her first two professional certifications and the third from YALI Network. Born and raised in Cotonou, Republic of Bénin, she professionally worked at MRS/CORLAY oil & Gas in Cotonou, WTST World Touring Students Team, Cotonou and CAB Industrie, Cotonou. She is currently employed at GMT Groupe Maisons et Travaux as a project translator and interpreter. She is a member of Kennedy King Library at the U.S Embassy, Cotonou, where she occasionally volunteers to moderate TED Talks and read out short articles or stories written by herself to an audience of English learners. She volunteers at different occasions for different courses. She is familiar with customer psychology and customer relationship. Solange's motivation for this project arose at age 15 when she witnessed a home robbery and was unable to call the police because she had no airtime in her phone. In following years and with professional experience, she discovered a stronger need for this innovation in the corporate world and global business. Solange definitely has what it takes to make this project a reality and success. QUALITIES: -Highly self motivated -Very Determined -Passionate -Feasible market with constant demand -Done analysis AWARDS & RECOGNITION -Head Girl, Nig. Int. School, Cotonou -Editor of School magazine NISCOPE. Nig. Int. School, Cotonou. -Welfare Assistant, Covenant University Student Council Welfare Team. -Covenant University Tour Guide Assistant Co-ordinator -Vice-chair Female, Covenant University International Students -1st place winner, Covenant University debate with cash price (twice)