Questions

I'm making a food delivery company that advertises the restaurant's products. This has been done many times over with different companies throughout the years (grubhub, doorstep delivery, eat24, etc.) the majority of them are making million's per year and it seems like it would be a home run. What we've done differently is that we have been able to market the restaurant's with full picture menu's, video and banner ads across our website and various forms of social media. Even though we don't have much traction yet would this be justifiable enough to investors to pitch the idea.

I would recommend to get traction so that you pitch your investors..
-What type of capital you need to run your operations? explain more
-If your differentiating point is images and videos start working on those and social media advertising. Work with restaurants, collaborate to a special dishes, chef videos, chef recommends, etc...engage customers to collect more clicks
- You need to work on a very thin profit margin for traction.
-You need to be the best friends of restaurants/local businesses


Answered 8 years ago

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