Start An Augmented Reality Based Jewellery Store App Business - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Ever thought of revolutionizing the jewellery shopping experience? Enter the world of Augmented Reality (AR) - based jewellery store apps. This business idea leverages AR technology to create a virtual jewellery store, where users can browse, select, and virtually try on jewellery.
Imagine your customer, sitting in their home, having the ability to see how that pearl necklace or diamond ring looks on them in real-time. It simplifies their decision-making process and brings a unique convenience to jewellery shopping, that traditional brick-and-mortar stores can't offer.
It's an emerging market, primed for entrepreneurial spirit. With smartphone technology at everyone's fingertips, and AR becoming increasingly prevalent, the time is ripe for capture. If done right, it merges the world of luxury fashion with innovative technology, opening up a whole new avenue of e-commerce. It’s demanding, yes, but it’s also rich with potential. Allow this business idea to be the gemstone amidst other run-of-the-mill opportunities.
Starting an augmented reality based jewellery store app business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell jewellery, or selling jewellery online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
Min Startup Costs | Max Startup Costs | |
---|---|---|
Office Space Expenses |
$0 |
$7,000 |
App Creation Costs |
$1,099 |
$20,099 |
Training & Education Expenses |
$0 |
$1,000 |
Software Expenses |
$162 |
$2,894 |
Advertising & Marketing Costs |
$0 |
$7,500 |
Website Costs |
$13 |
$215 |
Total Startup Costs |
$1,274 |
$38,708 |
Successful Businesses
Business | URL | Rank | |
---|---|---|---|
403 Forbidden |
educationalappstore.com |
176,293 |
|
Wikitude |
wikitude.com |
274,847 |
|
Blippar |
blippar.com |
401,127 |
|
Zappar |
zappar.com |
471,525 |
|
AR Display |
augmentedrealityplugins.com |
1,366,190 |
|
KaviAR.app : Logiciel de Réalité Augmentée en Cloud + App mobile de Réalité augmentée > 7j Gratuits |
kaviar.app |
5,086,573 |
Pros & Cons
Pros | Description |
---|---|
Flexibility |
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
Ability to start your business from home |
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
Rewarding work |
Starting a augmented reality based jewellery store app business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about. |
Scalable |
With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers. |
No overhead costs |
To get your augmented reality based jewellery store app business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money! |
High customer retention rates |
Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer. |
Cons | Description |
---|---|
Crowded Space |
Competition is high when it comes to your augmented reality based jewellery store app business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies. |
Security Issues |
With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road. |
Lack of benefits |
With a augmented reality based jewellery store app business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming. |
Isolation |
Often times, as a augmented reality based jewellery store app business, you typically work alone and do not have much face-to-face interaction with other team members. |
Taxes |
As a augmented reality based jewellery store app business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it. |
No safety net |
Typically, as a augmented reality based jewellery store app business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times. |
- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings