Hi All,
I am a big fan of Alok sir and the Rodinhood community. Number of rodinhoods share their problem in this forum and through the discussions or with help of other members they get their solutions.
My intro-I am running Starshine Infotech which is a distributor for DELL and Samsung Laptop in Karnataka. I am also running www.Laptopwale.com which was doing good but could not face price war any more. I too got email from some VCs for some funding for Laptopwale.com but refused as the online businesses today are running loss making business model and no point taking any funding for running business in losses. We are taught that if we are taking money from someone we must return them with good profit.
Problem: More than 50 lakh plus physical retailers of electronics and other products are loosing their piece of mind because of some online retailers loaded with so much of VC money and selling products below cost price.
The online retailers today are running their business in losses. For online retailers it’s just a GAMBLE and they may fail or succeed in their game plan after many years but for 50 lakh plus retailers like me it’s a matter of livelihood and not just gamble. The small physical retailers can’t run business in losses.
The customer today checks the price in online retail store (XKart, Ydeal..) and then comes to a physical retail store to negotiate for same price by which the physical retail margin shrinks and most of them are losing their interest in the business.
The online retailers run 10% flat discount on all electronics products for Diwali, Navratri…etc..It’s very unethical business they are running. It’s like a one sided game in which the poor retailers in losing battle against the RICH VCs money routed illegally from Singapore etc to sell in losses.
No one should be against any retail format or against any company but should we not fight together for more than 50 lakh plus families who are suffering by the UNETHICAL business practices of these 2-3 online retailers.
I have written letter to COMPETITION COMMISSION OF INDIA and many govt organizations to take some action on this regard. sharing you the letter-
I have also created a website www.wewillact.com on this Dussehra, a Hindu festival that celebrates the victory of good over evil.
I urged the Rodinhood community members to come forward and give us their suggestions of this.
– Hari Rodinhood Rastogi