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:
Giftcartz is a hub of electronic gifting where all that concerns the complexity of gifting is simplified and carried out with ease, it involves the introduction of electronic commerce into the gifting industry, where the electronic commerce is built to suit the functionality of a gifting platform like introducing some plugins that help with, 1. Packaging and customising gift items, 2. Effective delivery to customers and even third parties if need be. Giftcartz is sub divided into two major operational activities, which are 1. The e-gifting platform - this is the website where all online activities are carried out, where our customers can search for suitable gift items, make orders for packaging and personalizing to their taste, make nice arrangement for delivery, even to third party or event delivery. 2. Giftcartz offline - This is the offline section that covers all work related activities to keep the company at float it involves various departments, which are 1. Technology - This department is responsible for building and maintaining the online platform (website), attending to all issues that may be experienced with the website, hosting, building an Application, building an Application programme interface (API) and many more. 2.Legal - This shall be responsible for providing legal services, advice and guidance, shall help in prosecuting cases in court and litigation mangement, also help in drafting and documentations. We have various other department like human resources management, Operations, Finances, and Business development departments. All these departments function together to achieve one purpose- GIFTCARTZ. The main objective is to build the brand name GIFTCARTZ, to be a global brand and the leading electronic gifting platform in Nigeria.
Expected impact of your idea on sustainable development
The gifting industry is an untapped gold mine especially in this part of the world, where we have great gifting culture. GIFTCARTZ will serve as a tool of innovation that will help simplify the complexity of getting the right gift, wrapping and personalizing it, from any where within our geographical location at any time. So with the right tool, that is GIFTCARTZ we will be able to first create an awareness and then maximize the growing industry, developing infrastructure, and create opportunities for others, which is one of the sustainable development goals -"Industry, Innovation and Infrastructure". The other sustainable development goal its connected to, is "life on land". Giving gift has long been a favourite subject of studying human behiavour. Psychologist, economist, anthropologist and marketers have found out that both giving and receiving gifts is a surprisingly complex and important part of human interaction, which helps to define and strengthen bond between family, friends and business partners and this promotes coexistence, affecting life on land. We tend to target an audience of ten thousand customers within the first year of operation, evaluate and monitor our success rate through feedback system put in place, this will also help us stay focused on having customer driven system, evolving while meeting the needs and demands of customers.
Plans for implementation and sustainability
GIFTCARTZ, been an e-gifting platform that sells both physical product and services online, we will have to adopt a business model that will suit our operations, which is creating a shippable physical product, marketing this products online and rendering our services with ease, considering all this, we tend to create a business that cut across various model which are 1. Dropshipping - This is where you sell items on your website that is own or manufactured by someone else and then ships to the customer, this will enable us to have a wide range of inventories because this model will enable us sell products for different wholesalers. 2. Wholesaling and warehousing - This is where you buy products in bulk and store them in a warehouse and then deliver to customers when they order. We are adopting part of this business model because it will help us in wrapping this product, personalizing and customising to gain client's satisfaction. 3.Subscription-based - This is where you rely on a subscription model that delivers your products to customers at regular, scheduled intervals, we tend to adopt this business model because it will help us to best serve our logistics of delivering on time and without stress, so we are creating a suitable business model that cuts across this three business model to have an efficient running system. We are bootstrapping our start up for now, we want to take it to a reasonable and investable stage before seeking for seedfunding or selling some equity, if need be to finance the company. In other to run an effective system and best serve our customers we tend to outsource some responsibility like getting inventries and handling logistics.
I am AIKHAITUAMEN EBOSETALE BEST, born in Esan north east local government in Edo state, Nigeria to the family of Rev and Mrs Roland Best Aikhaituamen, July 8th,1991. Being the first of five children, I was born a leader to lead my immediate siblings. My dad was my role model growing up and I learnt so much from him, he taught me how to be a servant leader which has helped me to succeed with most of my quest. The most prestigious of them is when i was recognised while serving as the Secretary General of the Student Union Government of my institution for an outstanding performance in office. Growing up in this part of the world that is underdeveloped and behind in innovations and technology, i'm driven with so much passion to create a tech friendly environment for the next generation of Africans, to prove to the world we can invent tech that can affect our world positively, while living in this part of the world, generally making africa and the world at large a better place for us and the next generation. Having a young, vibrant and motivated team who have strong knowledge across the gifting industries and are innovative in their approach in solving basic issues, bench marking with the best, we are certain to meet our targets and be very successful with GIFTCARTZ.