| Aspect of business |
Solitaire Services (SS) |
Traditional Store (TS) |
Pure Online Business (POB) |
Who has the advantage |
| Diamond Inventory |
Large Online inventory |
Physical inventory |
Large Online inventory |
SS and POB have larger inventory and less investment in physical goods |
| Solitaire Display in store |
Physical mocks as well as designs on the computer |
Product Display in the store |
Display of designs on computer |
SS has largest collection and at very little investment. |
| Investment in business |
Cost of mocks and computer |
Cost of diamonds and other products |
Cost of building a website and managing it |
SS involves the lowest investment |
| Look and feel |
Mocks made from Silver and CZ can be tried for size and look and feel |
Display of real products |
Images on a computer |
SS gives the same look and feel of display as physical inventory at far lower costs. |
| Customer confidence and credibility |
A physical presence gives a traditional customer confidence. |
A physical presence gives a traditional customer confidence. |
Most web businesses have a difficult time getting customers to buy online. |
SS and TS are in a stronger position as customers know a store cannot vanish overnight |
| Manufacturing |
Products are CAD modelled. Product delivery happens in 7 business days. |
Mostly manufacturing is manual and delivery takes around two weeks. |
Products are CAD modelled. Product delivery happens in 7 business days. |
An SS guy has zero investment in manufacturing set up. Keeps costs low. |
| Sales Staff |
Trained by TradersDiamonds. |
Generally learn on the job and are not trained. |
Telephone sales staff that are trained. |
SS again has best of both options. |
| User Interaction |
A live user interface where customer makes a dynamic purchase. Assistance by sales staff in person. |
Customer does not decide. As availability is not live, Information keeps passing from customer to jeweller to supplier and back. Decision is slower. |
A live user interface where customer makes a dynamic purchase. |
We have data to prove that a customer based search interface increase conversion significantly. |
| Logistics and payment |
Payment in cash and delivery can happen at store. |
Payment in cash and delivery can happen at store. |
Online payment and delivery through courier. |
Customer comfort in SS and TS model. |