Better Price Analytics and sourcing
As we have been there in the industry for a longer time with better connections we are able to source our products at a better price point compared to our competitors.
Design in Ratio od 60:40
We work on a design model of 60:40, where 60% of products are procured and imported from the design of other factories and 40% of designs are searched where skilled designers develop and we have an MOU with the respective manufacturing companies.
Less Inventory Risk
The franchise has the benefit of replacing 20% of the unsold stock in the ratio of the sales which gives them a free hand to fill fresh designs at regular intervals and get rid of unsold stock.
Virtual stylist & Omni Channel Sales
Franchisees have an option to create their Omni channel pages but under the specific company guidelines like on social media, classified, WhatsApp, etc and the company would also provide training on the same.
Successful model with the financial proof of working
We are happy to say that all our franchises are running successfully with 92% conversion of our customers at our store and 87% at the mall with 42% repeat customers at the store and 28% repeat customers at the mall. Our average ticket size per bill has been increasing by 25% half yearly.
Opportunity to tweak and correct at regular intervals
As we are in a designing industry that has fast fashion, we are always at the doors coming up with new designs and trends. If any designs are category required for our respected franchise, can always be developed.
Few reasons why a business is not successful and how does Flaunt Basket come up with it
Few reasons why a business is not successful and how does Flaunt Basket come up with it
Wrong Location
Location plays a vital role in the sales number of the store. At flaunt basket being an impulsive bank product line our main focus would be a place that has a floating crowd with female-centric stores in the surrounding and we also maintain a checklist while dis adding a location.
Wrong Product
People end up making mistakes by selecting a product by dealing with products that might be off the trend or might attract huge competition, which might affect the margin. At flaunt basket, as new categories and designs have always been our primary focus, we could come up with a category and design which suits the location of the respective franchise which would eradicate the risk of going off the trend. And when it comes to starting as it requires huge knowledge and skills and that is why our franchise is successful and easy for a new entrant as the responsibility would be more focused on sales and customer handling and all the rest is taken care of by us.
Team
The team is the face of any retail unit. Here at flaunt basket, we provide intensive training to the sales team along with regular checks in different formats.
Promotion
The company has two patterns of promotion, centralized and area-specific. In the case of centralized any activity where all the stores and the brand is uplifted would be taken care from the company. Any activity which would be area-specific is born by a franchise with skilled assistance from the company.