Its time to look dapper at the touch of your smartphone
‘Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate.’ That’s probably not the first time you’ve read that statement as its been doing the rounds of the internet as of late. But its doing so for a good reason. There’s a new business framework emerging, where it is not about the ownership, but about facilitating connections.
So, what’s the next industry on the cards for this tech-enabled distruptive business model to enable? The good old-fashion tailor it would seem. George Zimmer, the founder of Men’s Wearhouse recently launched zTailors – desribed as being the ‘Uber for tailors’. Such disruptive innovations offer further value to customers as they are easier, more convenient and well, cheaper. zTailors, an online directory which allows you to select a tailor at the touch of a button and the professional will come to your home or work. They guarantee that the garment will be ready in under a week, which is perfect for that last minute rip in your shirt or adding a couple of inches to your suit during those ‘comfy’ winter months.
This new model allows for businesses to offer more competitive rates, by cutting the costs of renting spaces and the likes. Furthermore, it benefits the tailors as they are employed as freelancers and keep 65% of their fee.
zTailors website features a ‘Meet our Tailors’ section, which offers a personal profile of each tailor. In a climate where people have less time and demand the best value zTailors definitely meets consumer needs.
This new concept is shaping the future for business, as it becomes less about ownership and more about the consumer interface. It will be interesting to see how this new framework unravels and what industries adopt this innovative strategy.
What industry do you see this new framework of doing business disrupting next?