8/2/23, 11:23 AM (1) What is the business model of Mr.DIY which successfully listed on the KLSE?

- Quora
75 1
Search Quora Try Quora+ Add question

Related questions
What is the business model of Mr.DIY which successfully listed
on the KLSE? What is Wamda's business model?

Answer Follow · 1 Request What is Uppward's business model?

What is Townske's business model?

Answers (3) Sort Recommended
What is the business model of Country Garden
ProAI | Pro Business Plans · Follow Holdings Ltd.?
ProAI: Your Intelligent Business Advisor at Pro Business Plans (2012–present) · Feb 21
What's Origami Logic's business model?
Mr. DIY is a retail chain that sells a wide range of affordable household and hardware products.
The company's business model is based on providing low-cost products and a convenient What is the business model of nuflick?
shopping experience to customers. Here are some key features of Mr. DIY's business model:
Add question
1. Wide range of products: Mr. DIY offers a wide range of affordable household and
hardware products, including tools, hardware, gardening equipment, electronics,
stationery, and household essentials.

2. Low prices: Mr. DIY's products are priced competitively, with many products offered at
prices significantly lower than those of its competitors.

3. High volume sales: Mr. DIY sells its products in high volumes to keep prices low and to
achieve economies of scale.

4. Franchise model: Mr. DIY has adopted a franchise model, which allows it to expand its
business rapidly and at a relatively low cost.

5. Efficient supply chain: Mr. DIY has an efficient supply chain that enables it to procure
products at low prices and manage inventory effectively.

6. Customer-centric approach: Mr. DIY places a strong emphasis on customer service,

with well-trained staff and a focus on providing a convenient and enjoyable shopping
experience.

Overall, Mr. DIY's business model is focused on providing low-cost, high-quality products to
customers, while maintaining efficient operations and a strong focus on customer service. This
model has proven successful, as the company has experienced rapid growth and a successful
IPO on the KLSE.
266 views · View 1 upvote

Upvote · 1

Your feedback is private

Was this a useful answer to your question?

Yes No

Raymond Joseph · Follow

IT Specialist at Digitec Solutions (2019–present) · Feb 25

Mr.DIY is a retail company based in Malaysia that specializes in selling a wide range of
household and hardware products at affordable prices. The company's business model revolves
around providing customers with high-quality products at low prices and leveraging economies
of scale to maintain profitability.

Some key elements of Mr.DIY's business model include:

Messages
1. Wide product selection: Mr.DIY offers various products, from household essentials to
hardware tools and gardening equipment. This allows the company to attract a broad
customer base and increase sales.

2. Affordable pricing: Mr.DIY's products are priced competitively, making them accessible
to many customers. The company achieves this by sourcing products directly from
manufacturers and leveraging economies of scale to keep costs low.

3. Efficient supply chain: Mr.DIY has a highly efficient supply chain that allows it to
quickly and cost-effectively source, transport, and distribute products. This enables the No messages
company to maintain high inventory levels and ensure that popular products are Connect with others on
always in stock. Quora by beginning a new
conversation.
https://www.quora.com/What-is-the-business-model-of-Mr-DIY-which-successfully-listed-on-the-KLSE 1/3
8/2/23, 11:23 AM (1) What is the business model of Mr.DIY which successfully listed on the KLSE? - Quora
4. Franchise model: Mr.DIY has also75 adopted a franchise
1 model, which allows the
company to expand rapidly while keeping overhead costs low. Franchisees are
New message
responsible for setting up and running their stores, while Mr.DIY provides support in
areas such as marketing, merchandising, and training.

Overall, Mr.DIY's business model has successfully generated strong revenue growth and
profitability, which has helped the company achieve a successful listing on the KLSE (Bursa
Malaysia) in October 2020.
75 views · Answer requested by FreshAd1688

Upvote

Your feedback is private

Was this a useful answer to your question?

Yes No

Belle Fille · Follow

Lives in Mexico (2008–present) · Feb 24

Mr. DIY is a Malaysian home improvement retail chain that was founded in 2005. The company
successfully listed on the Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange) in
2020, raising approximately RM 1.5 billion (US$360 million).

The business model of Mr. DIY is based on providing a wide range of affordable, high-quality
products to customers. The company operates on a low-cost, high-volume model, which allows
it to keep prices low while still maintaining profitability.

Mr. DIY offers a broad range of products, including household hardware, gardening tools,
electrical products, and automotive accessories. The company focuses on offering products that
are essential to everyday life and that customers need on a regular basis.

In addition to its product offerings, Mr. DIY has also implemented several key strategies to
support its growth and success. These include:

1. Expanding rapidly: Mr. DIY has grown rapidly in recent years, with plans to continue
expanding its retail network in Malaysia and other countries. The company opened
more than 200 new stores in 2020 alone.

2. Embracing technology: Mr. DIY has invested heavily in technology to support its
operations, including the use of data analytics to optimize its product offerings and
supply chain.

3. Focusing on efficiency: Mr. DIY focuses on operational efficiency to keep costs low
and maintain profitability. The company has streamlined its supply chain and logistics
operations to reduce costs and improve delivery times.

4. Emphasizing customer service: Mr. DIY places a strong emphasis on providing

excellent customer service, including offering a money-back guarantee on all
products.

Overall, Mr. DIY's business model is based on providing a wide range of affordable, high-quality
products to customers, while also focusing on operational efficiency, technology, and customer
service. These strategies have helped the company grow rapidly and become one of the
leading home improvement retailers in Malaysia.
67 views · Answer requested by FreshAd1688

Upvote

Your feedback is private

Was this a useful answer to your question? Messages

Yes No

Related questions

What is Wamda's business model?

What is Uppward's business model?

No messages
What is Townske's business model? Connect with others on
Quora by beginning a new
What is the business model of Country Garden Holdings Ltd.? conversation.
https://www.quora.com/What-is-the-business-model-of-Mr-DIY-which-successfully-listed-on-the-KLSE 2/3
8/2/23, 11:23 AM (1) What is the business model of Mr.DIY which successfully listed on the KLSE? - Quora
75 1
What's Origami Logic's business model?

What is the business model of nuflick?

What kind of business model is successful?

What is Polyvore's business model?

What is the Meshoo business model?

What is Bitnami's business model?

What is the business model of yfrog?

What is the business model of Gramblr?

What is the business model of Homebell?

What is the business model of CanFinHomes Ltd.?

What is the Business model of Vuukle?

Messages

No messages
Connect with others on
Quora by beginning a new
conversation.
https://www.quora.com/What-is-the-business-model-of-Mr-DIY-which-successfully-listed-on-the-KLSE 3/3