The Idea Bridge is unique. If you're looking to invest in a new business, online or otherwise here's a list of the advantages of choosing theideabridge solution over some of the alternatives. Our commission payment model helps us keep the upfront costs of our start up packages within reach to give you a low risk, low cost start and help you fund development and promotion.
Drawbacks v ideabridge advantages:
Template design & development £4,200-£9,600
Lots of competition:
eg. 490,200 stores selling clothes
Limits to potential revenue by just selling products
Lower potential emotional rewards/fulfilment
Recurring costs
Very limited sell on value
Drawbacks v ideabridge advantages:
Upfront costs basic £5-£15K,
Medium complexity £15-£40K.
Brand design not included
Sourcing products
Competition
Lower potential emotional rewards/fulfilment
Recurring costs
Limited sell on value
Drawbacks v ideabridge advantages:
Upfront costs from £3K-£100K
(Medium complexity £15-£40K)
Ongoing costs
Limited autonomy
Dependence on the franchisor
Market saturation/Territories Rules on selling the business
Possible contractual disputes
Reputation through no brand control
Limited sell on value
Lower potential emotional rewards/fulfilment
Drawbacks v ideabridge advantages:
High initial costs
Ongoing expenses
inc. staff wages
Location dependence
Limited customer reach
Operational challenges
Scalability issues
Vulnerable to external factors: weather/rent increases etc.