THE MODEL: An
algorithm which helps user choose a clothing size based on style preferences
and not on body measurements. Users need to specify a brand and a size which
fits them well, based on which the startup starts showing size recommendations
STARTUP: EasySize
(Danish startup)
WHAT I LIKE
Core Idea – A clothing
size recommendation tool for users.
Product Features
– The tool tells a customer what size would look good on him/her. A chat bot is
also provided for users who are hesitant and are about to leave the site.
Recurring shoppers receive recommendations automatically.
Easy Integration –
The API can be easily integrated into any website. Also it is compatible with
Magento.
Benefits to Merchants
– Size prediction helps increase sales and reduce returns.
Pricing – The pricing
is directly based on the usage. A free trial is provided to customers.
Addressing a Big
Problem – User returns are a major concern for e-tailers and impact their
margins considerably. A bad fit is a big reason for returns.
CONCERNS
Market Size – Ecommerce sites (especially the bigger ones) can
build a tool like this one in-house and can save the recurring monthly expenses.
Hence this startup can probably sell to the niche and smaller ecommerce sites. The only advantage of EasySize for a big ecommerce player is that the former has more data to analyse (from all its customers) and hence will be a better recommendation engine.
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