Problem (Pain Point)
Residents of Maldives face significant challenges in finding and comparing product prices across different islands and retailers. The geographical dispersion of the islands makes it difficult to know where products are available and at what price, leading to inefficient shopping experiences and potentially higher costs.
Proposed Solution
A digital platform that aggregates product information from retailers across Maldives, providing real-time availability, pricing, and comparison features. The platform will connect local retailers with consumers while offering inventory management tools for businesses.
Overview
Core Features:
- Real-time product search and availability tracking
- Price comparison across different retailers
- Store locator with island-specific filtering
- Inventory management system for retailers
- User reviews and ratings
- Price history tracking
- Mobile app for convenient access
User Experience (UX):
- Simple search interface with location-based results
- Filter options by island, price range, and availability
- Product cards with detailed information and comparison tools
- Interactive map for store locations
- Merchant dashboard for inventory updates
Benefits:
- Time and cost savings for consumers
- Increased visibility for local retailers
- Improved market transparency
- Better inventory management for businesses
Technical Approach:
- API integration with retail POS systems
- Real-time inventory synchronization
- Progressive Web App for cross-platform access
- Machine learning for price trend analysis
Target Audience Personas
- Local Maldivian residents seeking better deals
- Tourists planning purchases during their stay
- Local retailers and shop owners
- Import businesses and wholesalers
Market Gap
Current solutions lack comprehensive coverage of the Maldivian market and real-time inventory tracking. Existing e-commerce platforms don't address the unique geographical challenges of the Maldives.
Implementation Plan
MVP Development (3 months):
- Basic product search and comparison
- Store listings and locations
- Simple merchant dashboard
Beta Testing (2 months):
- Partner with 20-30 retailers on 2-3 main islands
- Gather user feedback and iterate
Full Launch (6 months):
- Expand to more islands
- Add advanced features
- Scale merchant acquisition
Tech Stack
- Frontend: React Native for mobile, React for web
- Backend: Node.js with Express
- Database: MongoDB for flexibility
- Cloud: AWS for scalability
- Maps: Google Maps API
Monetization Plan
- Freemium model for basic listings
- Premium features for merchants (analytics, promoted listings)
- Commission on facilitated sales
- Premium subscription for consumers (price alerts, exclusive deals)
Validation Methods
- Landing page with email collection and merchant interest form
- Surveys in popular shopping areas
- Beta testing with limited merchants and users
Risks and Challenges
- Internet connectivity issues on remote islands
- Merchant adoption and data accuracy
- Competition from existing e-commerce platforms
- Regular price and inventory updates
SEO + Marketing Tips
- Target keywords: 'Maldives shopping', 'product prices Maldives', 'local stores Maldives'
- Partner with local influencers and shopping blogs
- Social media presence focusing on Instagram and Facebook
- Local business directories and tourism websites
- Email marketing for price alerts and deals