Blorebuy is now a member of a Business Network group called BNI and its a great marketing way identified. The blog has not been updated for a long time, i admit i was focusing heavily on business.
Blorebuy is no longer a startup we have few big esteemed clients with us. Though the revenue does not seem big, hopes and confidence is taking new shape. Since the last post we have achieved 50% of our high sales target. Blorebuy has also identified and has imported two new Environment friendly Water Treatment product. Selling these would cover the running cost of Blorebuy for year 2010-2011.
Current unsolved Challenges:
1) How to avoid being eaten up by Big companies entering your niche segment ?
Our product is slowly becoming visible to Big companies. We have taken all the efforts to get an new technology product to the market. We infact are creating a new market in itself and we are unable to anticipate the problems when big company enter the market with huge investment and covering the entire country.
2) How to multiply your current sales and increase margins keeping the running costs same ?
We have not increased the team since April last year, but our existing employees are more knowledgeable and experienced. We are in the "Chicken and Egg problem" should we put more people to generate business or should we make money and then invest to get people.
Thursday 9 September 2010
Subscribe to:
Posts (Atom)