Presenting Rider Validation and Marketplace Fees"
Hello, entrepreneurs and people from the Philippines! Despite discovering that I posted a blog entry, I'm happy to be back in touch with you after a month. I'm here to discuss the most recent developments on our recently formed business idea with you, as I'm sure you've been waiting for updates.
Our aim with this validation is to secure agreement from our main partners regarding the commission percentage for our startup business and to validate our other key partner, the motorcycle riders. Our team suggests a 10% commission for both shop owners and riders for every order, distributed on a weekly basis. This is intended to ensure that our riders' earnings are fair, especially considering our startup status. Additionally, we propose setting a daily quota of at least 10 orders to maintain efficiency.
During our validation process, we returned stores that we had already vetted in February to negotiate a 10% commission per order for our company. Sungkab, a karenderia, offers a 5-10% variable fee depending on order size and price, with a minimum compensation of 120 pesos for each order. However, Kobi Kopi agreed to the 10% commission unconditionally.
We also interviewed motorcycle riders, our primary partners, and proposed a 10% commission for every order, five days a week, with a daily quota of ten orders. They accepted the terms and then inquired about exceeding the quota, to which we informed them that more deliveries would result in larger rewards. We suggested giving them a part of the delivery fee as well. The riders advocated being alerted of orders that they could potentially agree on.
Our validation documentation is shown in the photographs above. INSIGHTS: Our objective of recommending a 10% commission to our major partners was achieved. Implementing a quota ensures increased earnings for store owners alongside the commission, while riders benefit from meeting or surpassing daily targets. To enhance communication and decision-making, we'll improve our company's communication system. That's all for today's blog post. Stay safe, EarlBlog readers!