Best Ideas 2021 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Fernoia - New Concept Of Fashion Retails
Published on September 30, 2021 um 20:19
Explain your idea in details:
Our business model is a mix of traditional fashion retails franchise and print on demand. As a normal fashion retails franchise our main revenue came from the initial investment and Royalty fee. But our unique selling point is that we finish the product in the shop, not a factory. We will use laser transfer systems to transfer pictures or designs to products. As a normal print on demand, our design is the user-generated design which means freelance designer or artist will give us their artwork and we share it on our platform and franchisee can access our collection to sell on their shop. The designer will pay per sale. Otherwise, we also use the omnichannel solution to have more sales. Our omnichannel solution will help the franchisee help more sales by customers online.
Expected impact of your idea on sustainable development
Our business model will help both franchisees, designer, the customer. We can: - Have a cheaper price for buyers and retailers. - Make more jobs for freelance designers. - More products can be sold in a small shop. - Reduce the impact of fast fashion on the environment. With this idea, we will change the way fashion franchise retails work
Plans for implementation and sustainability
Our main revenue comes from initial investment and Royalty fees as well as platform fees from designers. The picture illustrates the business model, financing source.
I am a student from Vietnam - a developing country in Southeast Asia. I did win Global Shaper Pize of Unicef in 2021 for another startup project.
Stage of Idea
The Business Model & Financing Source