Is "Uber for shoe repair" a good business idea?
The Idea
"Uber for shoe repair"
Roasted by
32
/100
TERRIBLE
Verdict
Every on-demand marketplace for shoe repair burns VC money on CAC and dies.
Supply Acquisition
Supply will not join a marketplace without guaranteed demand. Demand will not come without supply.
Unit Economics
The rake that makes you profitable drives supply to build their own direct channel.
Local Density
This only works when you dominate a single city. You cannot afford to dominate one.
Hall of Shame
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