I will tell you another promising startup. Build-my-home. Through this app. First, we can draw a plan for the building, no matter whether it is a simple home or hotel or restaurant or factory or whatever. This plan will give you a real life picture of the building with furniture, interior designing. Next it will connect builders, interior designers, engineers, furniture marketers, bricks, painters, even basic workers with the customers who want to build their home. Definitely this startup is gonna fetch billions of dollars.
First, select the number of rooms, in case of building home. Choose the place, adjust its size, drag and place it anywhere you like. Choose its color, choose interior designing from standard ones or contact designers through app, who are best rated or who will suit your budget. Even vasthu can be checked through our app. Know how the entire home will look like and know the approximate expenditure to build the entire home. Company will also provide blueprint designers, certified by the company, who knows very well, how the app can be used to design. Select available engineers, again rated or based on your budget availability. Choose masons available in your locality. Basic workers can connect with this app to be notified, wherever they are wanted.
Manufacturers of things like taps, fittings, furniture can have agreements with the company to enable customers to know the entire picture of their home, fitted with their parts in advance. Customers can buy from local vendors with Product ID numbers, not above the agreed price. Or buy from the manufacturer directly.
For someone, who says i just want to see the model and leave everything to the company. That also can be done by Full time Engineers. Company will take commission on all services say 5-10% of cost of the home and connection it makes. Every designer or engineer, will have to pay fixed commission to the company, based on the cost of the building. They have to work with the customer with a fee per hour or per month basis not exceeding already agreed upon fee with the company. If the customer refuses to accept the engineer or designer after contact being made, customer has to bear the commission what Engineer or designer has to make to the company. The app will show, Engineer and designers already done work, the review made by already worked customers. Regarding materials for building, only if they transact through the app, they get a good bargain. So, that commission can also be secured.
Company will charge 15% upfront the cost of the project. 5-10% commissions for all the connections including laboir It will calculate every expenditure done to build the project, as the project enters phase to phase. At the end, Company will calculate all the expenses including commission it got for raw materials, excluding labour. That will exactly tell the cost of the project and company will take 10% of it and refund, if any extra cost it already received.
Next, we will look into the loopholes. Engineer tells different rates to customer and the company. Not possible, since customer will not give more money to the engineer, designer, mason than exhibited in the app. Engineer or blue print designer puts cheap fittings and reduces the percentage charged by the company, and buys costly fittings directly from the vendors. For that, we will charge a separate rate for the initial blue print design. After that customer can take the print out and leave. It's just a photograph, without product IDs. That alone will serve no purpose for customer, since he wants to buy costly fittings at low price and vendors outside our app will not sell products at this minimum possible rate.
Just like Ola doesn't own cabs, company will not invest in any products required for building home. Not even bricks. Customers have to buy the things, at every step. We will reduce it's price, through our agreement with manufacturers. That's it.