Report question

Note: your identity will not be shared with the person who sent you this message.
This field is required

I'm starting a food delivery service? What do I need to know?

I'm thinking of starting an online food delivery service and will like to know what I need to consider before starting. I will like to know what the start up cost will be, expenses and the various things I would need to get before I am ready to open for business. Also if there are any suggestions as to how to better the business it will be greatly appreciated.

Sign in to answer

4 answers

Hi Oladotun,

Congrats on thinking of your idea to start an online food delivery service.

Things to consider: Is there a market for this in Lagos? How big is the market for this opportunity? Who are your current competitors? What is your business model? How will you make money? What would make your online food delivery service unique, attractive to potential customers? Do competitors use dial phone, mobile calling? An App? Will you design an app yourself or hire a developer or a tech person as your Co Founder? Up to what mile radius, town/village radius are you willing to offer for a test pilot area - 5km, 10km to see who would purchase food and use the online delivery service? Do you have relationships with local restaurants, caterers, etc.? Would they be interested in offering their foods online in addition to the store/local restaurants? Do you have potential drivers (car, scooters, bikes, tuk tuk drivers, etc.), service in mind to do this/partner with? Will you partner with local taxi, car ride sharing companies (if any)? Or pay drivers or deliverers to do this as employees or contractors? Have to think about metrics - time to order, wait time, delivery, traffic. How will you obtain your first customer? Consider ways to scale the business How will you fund the business? Will you be bootstrapping, looking for angel investors, kickstarter campaign, capital from investors?

Take a look at Deliveroo, an online food delivery service I used while living in Europe. www.deliveroo.co.uk. Check out their pitch deck here. https://www.slideshare.net/NOAHAdvisors/deliveroo-noah15-london. Also Glovo, an app delivers food and scaled to expand to deliver more than food. https://www.glovoapp.com. Check out their pitch deck. https://www.slideshare.net/NOAHAdvisors/glovo-noah16-berlin

Hope this helps

Report Kim's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Thanks for the feedback.

Report Oladotun's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Definitely. I have friends in Lagos, Nigeria if you want to network, get some advice as well.

Report Kim's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

Yes I would very much like that. Thank you.

Report Oladotun's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required