Playing the Trump to save retail Franchise

Scott started his first business venture at a very early stage with a readymade fashion store. His unique business model allowed him to open up a store at almost zero cost. He got introduced with the new brand franchise model which exposed him to the nitty-gritty’s of brand retailing and the franchisee business challenges. With the advent of online trading platforms the franchisee business were been hit by declining sales.

Scott quickly learned that the franchisee businesses need a comprehensive solution to enhance the business opportunities. He realized that a franchise store can be profitable if they generate revenue and cut down their losses by disposing the dead-stock.

Scott’s Idea to aggregate dead stock of franchisees and selling it through an e-comm platform revolutionized the retail business. For technical expertise, Scott partnered with Leo TechnoSoft to designing and developing an e-commerce platform with the automated processes for catalogue management, tax calculation, Purchase order Management, invoicing, labeling, dispatch etc…. The e-comm platform opened up new opportunities from global venues for franchise owners and a new revenue generation source. The platform did wonders for franchisee owners and infused new hopes.

It is again a success for the BOMT model, a hybrid partner product development model.