BUSINESS MODEL SUMMARY
- Value Proposition
RR Business Innovation LLC (RRBI) offers a vertically integrated solution to streamline brand development, procurement, and supply chain management for retailers. We foster cross-category innovation, enhance efficiency, reduce costs, and align with diversity and inclusion initiatives.
- Consumer Demand for Private Labels
- Large Retail Chains: Primarily targeting major retailers
- Mid-sized Retailer: Serving mid-sized retail organizations looking to expand private label offerings,
- Consumer Goods Manufacturers: Partnering with private label manufacturers,
- Minority-Owned Businesses: Attracting businesses interested in retail partnerships,
- Retail Consultants: Engaging with retail consultancy professionals
- Revenue Streams
- Consulting fees: Earning revenue through strategic consulting services,
- Product Development and Sourcing Fees: Generating income from end-to-end product development and sourcing,
- Licensing and Royalties: Earning royalties and licensing fees for innovative product concepts,
- Subscription or Service Fees: Offering subscription-based access to our innovation hub,
- Commission on sales: Gaining commissions from sales through our supply chain,
- Investment and Equity: Attracting investment for growth in exchange for equity.
- Key Resources
- Talented Team: A skilled workforce in brand development, design, marketing, and supply chain management,
- Innovation Hub: Facilities and technology for product development and collaboration,
- Industry Partnerships: Collaborative relationships with manufacturers, suppliers, and industry associations,
- Intellectual Property: Patents, trademarks, and proprietary processes.
- Key Activities
- Brand Development: Collaborating on private label brand creation,
- Supply Chain Management: Managing procurement, production, and distribution,
- Market Research: Analyzing trends and consumer preferences,
- Innovation Facilitation: Encouraging cross-category innovation,
- Consulting Services: Providing strategic advice to retail clients,
- Investor Relations: Engaging with potentials investors
- Key Partnerships
- Retailers: Establishing partnerships for private label solutions,
- Manufacturers: Partnering for efficient production and quality control,
- Packaging Suppliers: Collaborating on distinctive packaging,
- Industry Associations: Partnering for insights and advocacy,
- Investors: Attracting angel investors and venture capitalists
- Cost Structure
- Employee Salaries: Costs associated with the skilled team,
- Technology and facilities: Expenses for innovation hubs and infrastructure,
- Marketing and Promotion: Costs for marketing RRBI’s services,
- Research and Development: Investment in product development
- Legal and compliance: Expenses related to IP and compliance,
- Operational Costs: General overhead and administration.
- Channels
- Direct Sales: Engaging retailers through sales and marketing efforts,
- Online Platforms: Utilizinf the web for outreach,
- Industry Events: Participating in trade shows and events,
- Partnership Networks: Leveraging Industry partnerships for networking