At the same time, we had other projects/businesses, so to be very honest, we managed it because we are very aligned.” Toubayly adds, “We have 15 people now, and we are adding one a month, I’d say. We literally went through the whole startup phase on our own, meaning that we even went to buy and fix furniture of our first office on our own. Idealz’ latest prize campaign is an example of the company’s exponential growth over the course of two years. Source: Idealz. IdeaBeam provides the latest prices for the cell phones and tablets from popular vendors. iDeals has introduced multiple advanced data room innovations. Samsung Best Reseller in 2017. Free Delivery Can be Arranged With in Colombo.. 01 - 64 (First Floor), Liberty Plaza, Colombo-03 Phone : +94 112 575357 Mobile : +94 777 190001 . This formula usually never happens. La Mer, hqs459.com. Here at Idealz we sell new and ex display furniture at hugely discounted price. “I also think that the investors here, who have traditionally invested in brick-and-mortar or industrial and non-tech related businesses, have now opened their eyes to this sector, and are investing heavily in it. We have found that with such incentives, people actually buy more and donate more. Though many hoodies are still up for grabs in this current prize draw, over 550 hoodies have already been sold as participants quickly reacted. Join Facebook to connect with Erlan Manio Mañalac Jr. and others you may know. We still need more time to get it right. That can create a bubble if done wrong, because they need to know how to value these ventures. “We believe that if you do good, you get good,” Al Gurg says. They do a lot more than that. We are iDealz lanka pvt ltd The No 1 Mobile Phone Retailer in Srilanka. How can we sell more without compromising margins? Managing Editor, Entrepreneur Middle East. The greatest perk of this prize apartment is not only its location and amenities, but that it comes fully furnished from top to bottom equipped with all appliances and fittings, allowing the winner to simply move in and start living. Palm Springs, FL (561) 328-9507 1973 S. Congress Ave. Palm Springs, FL 33406 Similarly, Al Gurg is General Manager at Easa Saleh Al Gurg Commercial and Industrial Group, a family business with more than 650 employees reporting to him. Have you any gently used, unused and unwanted items? A large subsect of the world, to be completely honest and transparent, has a ‘me first’ mentality. Erlan Manio Mañalac Jr. is on Facebook. Once again, it is because its numbers make sense, as Toubayly concludes, “This is a model that has the merits and the capabilities to make a profitable enterprise. Oppo Best Retail Partner in May 2018. Idealz | 1,955 followers on LinkedIn. iDealz Lanka Apple Mobile Phone Price in Sri Lanka 2021 iDealz Lanka Shop with confidence and pay Cash On Delivery. They want to see you at night, they want to see how you talk to your wife, how you treat pets, and so on. “We both love numbers, and are always looking for formulas that work in everyone’s favor,” he says, referring to Idealz co-founder Easa Al Gurg. Co-ordinating with the product owner to brief them on… A complete agile environment , learned a lot from VD , duties included handling their in-house product Careem , reducing the amount of bugs and improving the user experience , adding more amazing features like Urban Airship , Ring Captch , Google Analtytics , deep linkling and many more . “We really had to go out of our way to find the time to sit together, talk, and develop the concept,” he says. So, it’s a new market. Owners Huzaifa, Quaid and Shabbir have put a lot of love into their first restaurant venture and HQ’S 459 is a family affair with plenty of choice on the super menu. For other verticals, it’s the same.”, Idealz’s draws occur on the 15th of every month for campaigns closed during the preceding month, which are held in the presence of a Dubai Economy representative. While heading DFJ ePlanet Asia, he bought 25% of the Chinese search engine, which was a relatively overlooked company at the time, for $7.5 million. I have moved on to run this full-time since May 2017. They fall in two main categories, clothing and stationary, and specifically so. When we meet at the company’s headquarters in Dubai, they are both sparky and down to earth– probably because they see Idealz through the lens of already accomplished businessmen. “When you set up a company where you need to continuously raise money from the market, you spend a lot of time trying to make it pretty for the investors, and not for the market. Make Money, and Save Time; we do all the work for you. Al Gurg, co-founder of Idealz, adds, “Bear in mind that we make, market and sell our own products, we are not a shop of shops, and as such, we are not … He loved the chemistry between me and Easa, and is a true believer in what we are building.”. It makes no money, just costs. To start with, it is dominated by titans that are very hard to compete with. The e-commerce store stacks its products into campaigns with limited quantity items that are attached to luxury prizes, with five campaign categories to select from: cash and gold, jewellery and watches, cars, electronics and lifestyle. She has lots of experience and her work is quality. Additionally, some Registries proactively conceal some information in order to comply with local data privacy protection laws. With each product sold, the customer is awarded a complimentary coupon to the prize draw. Educating to eliminate myths is a number 1 priority in the field of Applied Behaviour Analysis. Its Fund IV is considered the world’s best performing fund as per data by research firm Preqin. So, it’s a lot more than just making money. Revolutionizing the online shopping experience and in line with their “give back” motto, Idealz continues to out-do its own prize campaigns each step of the way, transforming lives one checkout at a time. Receive up to 50% earnings! I have this and that.’ So, going back to our ‘toppling the formula on its head’ approach that we adopted, the question became, ‘How can I get the subsect of the market who typically do not do acts of charity to now start and donate?’ The answer was quite simple– an incentive. With one of their backers being a proven home-run hitter, we start analyzing the strength of other startup ideas currently gaining momentum in the UAE, and how sizzling the Idealz cofounders find the city’s startup scene. iDealz Lanka Mobile Phone Price in Sri Lanka 2021 iDealz Lanka Shop with confidence and pay Cash On Delivery. Idealz claims to have more than 1,500 downloads per day, with the platform declaring a growth of around 30% month-on-month. “Whenever you walk around in the malls or other public areas you see small charity kiosks that are there depending on peoples’ good will or loose change,” Toubayly explains. 37. Free Delivery Can be Arranged With in Colombo.. 01 - 64 (First Floor), Liberty Plaza, Colombo-03 Phone : +94 112 575357 Mobile : +94 777 190001 . This time I got the microbeads, which came out even better. Online E-Commerce Platform With A Twist, Idealz, Launches Its First Of Many Luxury Apartment Campaigns! For example, we can curate products required for areas hit with nature disasters, and launch them on our platform for customers to buy and donate.”, Consequently, the company’s mission objective is to transform the lives of different societal groups, either through a donation of hundreds of clothing items to orphans, or by allowing a buyer to win a Mercedes for the price of a stationary item. If you look at the unicorns out there today, the founders looked at how the world was, the status quo, and asked what they could do differently. Timing of Availability 9:00-18:00 week days - Friday & Saturday closed. عرض ملف Jad Toubayly الشخصي على LinkedIn، أكبر شبكة للمحترفين في العالم. So, in general, we try inverting the formula in everything we look at. Get AED 35 Free Credit With Mahzooz, Two Lucky Participants Win AED 500,000 Each From Mahzooz, UAE A Key Economic Partner Of South Korea: KITA Chairman. Search for other General Merchandise in Sugarcreek on The Real Yellow Pages®. The way to rise to the top in e-commerce is by doing three specific things better than your competition: carrying more Stock Keeping Units (SKUs), delivering faster, and pricing better. Whatever formula we come up with will be built into the business forever.”, For now, though, since launching the website and the iOS app at the end of last year, the cofounders say it hasn’t been hard for their innovative concept to take hold in the UAE market. Idealz claims to have more than 1,500 downloads per day, with the platform declaring a growth of around 30% month-on-month. 4 reviews of Ideal Stylez "Rochelle did a great job on my hair! We wanted something that had the inverse effect. Sometimes we would think that we were doing good and then suddenly we would get a big flow of actionable items that we had to take care of. Come for the vibes stay for the steak There is a lot of talent out there, but very little right talent, so we hired some from here and some from abroad. We wanted to invest in making our own brand of products that is sold on our own platform. Last time my braids stayed in for 4 months and they were still tight when she removed them. A Pioneer in Virtual Data Room Technology. Record labels dont make much in this day and age - certainly not a living even for me as the owner. You may also like: Abhilash Polassery’s 2009 Ferrari F430 Spider. Picking the winners in Mideast’s emerging digital economy. We are not built for a trade sale, an IPO, or quick scaling to reach a maximum level and then see whether unit economics will make sense. Steve Voltz "Working with Fabian was a truly educational and enriching experience for our athletes and our coaching staff. Materials on the Platform are provided to You AS IS for Your information and personal use only and may not be used, copied, reproduced, distributed, transmitted, broadcast, displayed, sold, licensed, or otherwise exploited for any other purposes whatsoever without the prior written consent of the respective owners. Since this initial investment, Baidu has become China’s most popular website, ranking fourth globally with a market cap topping $87 billion. In the case of Dr. Finian Tan and Vickers Venture Partners, we did a share sale and not a capital raise, something not very common at all in the VC world. By nature, we are both very specific, detail-oriented, and we usually try to pick holes in the system, endlessly asking ‘what if.’ Eventually, we came up with a concept that is workable because every time I would ask a question, he [Toubayly] would come up with a solution and vice versa. HQ’s 459 is a family friendly venue with plenty to keep even those fussiest of eaters happy, a labour of love for its owners Huzaifa, Quaid and Shabbir (hence the name). For a chance to participate in the prize draw for this brand new and fully furnished apartment, please visit www.idealz.com, or download Idealz’ app for iOS and Android. iDealz Lanka Largest daily updated price list in Sri Lanka . In pro deals , we require a draw based ecommerce app similar to the idea of (Idealz). We had to select the right people, set up the infrastructure, the office, apart from building the website and the app itself. With rapid expansion since its inception, the Dubai-based online e-commerce platform has taken its shopping experience to new heights by launching its ‘luxury apartment’ campaign, the brand’s latest high-value prize, bringing its shoppers the ultimate chance to win a lavish home in the Burj Khalifa area. “There is this common misconception that if you are a startup, then you are always out raising money from investors at every level of your growth,” Toubayly says. Get reviews, hours, directions, coupons and more for Idealz at 100 W Main St, Sugarcreek, OH 44681. Once a winner has been selected at random, Idealz will register the apartment in the lucky shopper’s name where they will have to do nothing but collect the keys at Idealz’ headquarters, and unlock the door to their new extravagant apartment. This is still at the drawing board internally, but it will mean specifying a certain portion of our business to go towards certain causes forever. All logos are trademarks of their respective owners. There were too many moving parts. Our products are also curated for this specific formula. Unlike other startup stories, Toubayly and Al Gurg agreed from the outset to keep this business a closed book for outside investors. In doing so, they have managed to maintain a success rate a lot higher than the average VC.”The Idealz co-founders have been supported by Dr. Tan, founder and Chairman of Singapore-based Vickers Venture Partners, who is best known for being the first investor in Baidu, often referred to as China's Google, back in 2000.Source: Idealz. Reviews from Easa Saleh Al Gurg Group employees about Easa Saleh Al Gurg Group culture, salaries, benefits, work-life balance, management, job security, and more. Sri Lanka, island country lying in the Indian Ocean and separated from peninsular India by the Palk Strait. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. 9:30 AM - 9:00 PM. They need to know that you are a good human being. For Toubayly, the close collaboration with the Dubai Economy on the related legal matters was a sign that their concept was truly innovative. “It took us six months to put all the pieces together and then we kept on polishing it till what you see we have today. With plans to launch several apartment campaigns in the future, Idealz introduces the luxury flat as the pilot of a full-fledged real estate series, set to offer customers the most astounding living experience. They want to see all of this because their number one criteria is the human. Website “Naturally, traffic isn’t really high. Al Gurg says that the Baidu story is a testament to the type of foresight that Dr. Tan has, including his approach to being focused on the scrupulous curation of potential investees to ensure that they are the right fit, as Toubayly explains and adds, “He doesn’t go around investing in startups and then seeing which one will work. Nearly an hour into our conversation, I’m no longer surprised that Toubayly and Al Gurg boast neither about their own credentials nor of the people who have supported them. As well as a wide selection of high quality second hand furniture Idealz is Castleblayney's very own consignment store. ‘I need to help myself. Or, in another campaign, if you choose to be one of the 700 buyers of Kiru pencils for AED52.50 each, you might win a collection of tech products. We kept twisting and turning it, asking what if the incentive wasn’t faster delivery time or better pricing, but a value-add better than both of these. Sri Lanka gained independence from Britain in 1948. Located in Ecuador, for the past 15 years we have specialized in quality handcrafted goods - from Bible covers to book bags and more.Using the best tools and and materials to provide you with supplies that you can use for years to come. Since its inception, Idealz has been partnering with Dubai Cares, a part of Mohammed bin Rashid Al Maktoum Global Initiatives, which works towards providing children and young people in developing countries with access to quality education. Toubayly’s banking history includes stints at Ernst & Young, Deutsche Bank, and J.P. Morgan, in addition to a dozen or so of businesses he has built and sold on the side. عرض الملف الشخصي الكامل على LinkedIn واستكشف زملاء Jad والوظائف في الشركات المشابهة For example, between someone selling charity coupons to support a cause, or us allowing our customers to donate their purchases to charity, but also giving them the chance to win a Mercedes or a Rolex, who do you think will sell more? Idealz, the customer rewarding e-commerce platform known for its weekly grand prize giveaways, reaffirms its exponential success with its latest and greatest campaign launch allowing customers to win even more upscale prizes than ever before, creating a buzz amongst its growing customer base. With a modern-day innovation rush enveloping the globe, startup ecosystems’ stakeholders mainly search for it in a neighboring garage or at a never-ending tech hackathon. As of today, our highest cash prize is AED100,000. So simply put, you buy, and if you don’t want your products and you want to do good, you can donate them to charity. Record labels dont make much in this day and age - certainly not a living even for me as the owner. Our focus from the beginning was on making sure we build the best product for the customer and not the best business for the investor. Phone 971 4 355 1888. I can firmly say that I have a very solid team that I work side by side with. His insight into the demands of a young university athlete helped not only them to address some of their struggles with a better understanding of themselves, but it also prepared us coaches to be better equipped in supporting our players." We are not in that business.”, Related: Entrepreneur Middle East's Achieving Women 2018: Jean Liu, President, Didi Chuxing. We are also looking at other areas, such as evaluating the possibility of associating with the Mohammed Bin Rashid Global Centre for Endowment Consultancy, which will be integrated into our business model. Our unit economics make sense today. The search for WIMPs with this liquid xenon time projection chamber will be put in the broader context of other direct dark matter searches, and efforts by the LZ collaboration to ensure the reaching of our sensitivity goals will be discussed. I have my own liabilities to take care of. You may also like: Ferrari 812 Superfast: Last of a dying breed. A platform where sellers can exhibit their products to hundreds of thousands of people across the country but of course the main target is those nearest to them. UAE Proves Its Resilience As Pent-Up Demand Filters Into The Market, Supported By Government Legislation, Ras Al Khaimah Half Marathon 2021 Partners With Anghami To Create Ultimate Running Playlist, Even More Chances To Win! Jad لديه 5 وظيفة مدرجة على ملفهم الشخصي. “We typically say that our buyer would be anyone with a smartphone and a credit card, no age brackets at all- I call them ‘Uber Users’,” Toubayly says, adding that the high acceptance rate is due to the carefully selected combination of products the platform offers. Online shopping reimagined! It was about putting all the pieces together. Its marketing slogan reads that Idealz is “a stationery and garment online store with a twist,” with the twist being its premise of creating three-fold value for the customer, the business itself, and people less fortunate around the world. They are Idealz, Saiyan, The Lowercase and Paul Bradley. Let the business resources in our guide inspire you and help you achieve your goals in 2021. At present, the co-founders explain, the concept is an emerging market product, but with the brand becoming strong enough in the future, venturing into more developed markets is not off the table. Today, the homegrown concept has gained an immense number of customers across 154 countries, and has given away over an astonishing AED 25million worth of prizes, which includes 3 Mercedes G63s, 8 Suzuki Jimnys, 2 Nissan Patrols, 7 other cars from Mercedes and Alfa Romeo, 23 VIP license plates, 28 luxury watches, over 250 electronics bundles amongst a variety of other prizes, and now a fully furnished studio apartment in Downtown Dubai. Below is just the tip of the iceberg of false information that circulates. Founded by Jad Toubayly and Easa Al Gurg, Idealz was launched with a unique trade model in mind back in 2018 with the aim to convert a traditional shopping experience into an opportunity to give back to customers and change lives. “We see that there is this drive in the region to become the Silicon Valley of the GCC, and I think they’ve done wonders to try to get it closer to that, but it’s still relatively premature as an ecosystem,” Toubayly says. “Regionally and internationally, when we look for our proxy, there’s nothing to compare to. If we do 50 campaigns a month, the amount of administrative work on both sides becomes ridiculous and uneconomical, so we’ve been working with them to come up with a bespoke solution. Nevertheless, Al Gurg says they worked on the concept daily. Idealz is “a stationery and garment online store with a twist,”, payment gateways didn’t know how to assess our risk, Dr. Finian Tan, founder and Chairman of Singapore-based Vickers Venture Partners, Start Your Own Freelance Writing Business, 5 Things I Wish I Knew Before Starting a Dropshipping Business, 4 Pillars of the New eCommerce Frontier Entrepreneurs Need to Embrace, 4 Actionable Tips To Start Your eCommerce Journey via Dropshipping, 5 Tips to Improve Your Online Store and Grow Your Business This New Year's Eve Season, 5 Lessons Learned From Launching an Ecommerce Platform During the Pandemic. For example, we talk about the dot-com bubble in 2000, but that was 18 years ago. They are Idealz, Saiyan, The Lowercase and Paul Bradley. From a technical perspective, we do everything in-house. Colombo, Sri Lanka. Just imagine buying a t-shirt online and then being handed the keys to a new Mercedes — that’s Idealz. In this case, when we looked at the e-commerce or online shopping sector, which has been growing significantly in the region, and specifically in Dubai, its usual business model wasn’t very appealing for us. “Our products have a wide price point range- some of our products are priced as low as AED50 to as high as AED1,000. That is how we got to the value-add marketing mechanism that we have today.”, Al Gurg, co-founder of Idealz, adds, “Bear in mind that we make, market and sell our own products, we are not a shop of shops, and as such, we are not in competition with traditional e-commerce businesses. Hair blended so well! Learn about I-Deal Cars LLC in Harrisburg, PA. Meanwhile, Turkish-Lebanese fusion restaurant Zou Zou is a great spot from which to admire the DSF fireworks as you’re served up a similarly spectacular steak dinner. One of the conditions that they have before they decide to invest in a startup is that you must travel with them and you must sleep in their homes. “We have partnered up with Dubai Cares and they have supported us a lot, but this is only the beginning. Located at the Ground Floor, the new outlet was inaugurated by the Founder and Chairman, Mohamed Rifkhan amidst the gathering of his close business associates, media, customers, staff and They're flat, unnoticeable, and versatile. space, and boasts of stunning features such as a built-in walk-in closet, floor-to-ceiling windows, and its own closed laundry room. That is the angle that we took to the charity part of it. Abans Most Promising Top 6 key Partner in 2018. 590- 9A Ground Floor, Marino Mall, Galle Road, Colombo-03 Phone : +94 112 585758 In terms of prizes, we have five categories to choose from: cash and gold, jewelry and watches, cars, electronics, and lifestyle. That’s how we ended up pulling the whole thing together.”. If the owner of a Domain name has used the privacy protection services of their Registrar, some details may be hidden within the Whois lookup results. They do huge amount of work behind the scenes to keep the label running, and this record is my way of saying thank you and then giving them some actual money for the work they do. We are relatively new as a market compared to what other developed markets have. They do huge amount of work behind the scenes to keep the label running, and this record is my way of saying thank you and then giving them some actual money for the work they do. We have two verticals -clothing and stationery- since the two global constants in charity are poverty, who will require clothing, and education, who will require stationary. And performance-wise, we look at ourselves on a monthly basis and say that our only proxy is our last month.”. For example, one of the campaigns running at the time of writing this article, offers a limited quantity (550) of porto boxes which include two pencils, a ruler, a sharpener and an eraser, for the price of AED525, earning a chance to win a Mercedes CLA250 AMG. Browse ... All other marks contained herein are the property of their respective owners. West Palm Beach, FL (561) 355-0086 5948 Okeechobee Blvd West Palm Beach, FL 33417. 01-64 First Floor , Liberty Plaza, Colombo-03. On the car vertical, we are working with Mercedes, and we go from as low as an A-Class to as high as a G-Class. All three of these eat from your margin. Copyright © 2021 Entrepreneur Media, Inc. All rights reserved. Also, we are very highly regulated, and we’ve been working with the Dubai Economy on how to structure our campaigns in a way that is efficient for them and us. Everything else comes after that. I don’t need to wait to have a critical mass to see whether I can squeeze profit out of my enterprise or hope that a unicorn will buy me. We were fortunate and privileged to fund it by ourselves, so we took the decision from the beginning to control everything- the fate of the business, how we hire, how we fire, and so on, and we didn’t want anyone interfering with that. After a decade-long friendship, they were willing to embark on this idea together, but the demands on their time were onerous. : +94 112 585758 a Pioneer in Virtual data Room Technology Easa, and is a true in! Mañalac Jr. and others you may also like: Abhilash Polassery ’ s a lot more than 1,500 per. Subsect of the company, we look at ourselves on a monthly basis and say that i side. Friendship, they were still tight when she removed them downloads per day, with the declaring... 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Platform declaring a growth of around 30 % month-on-month also like: Ferrari 812 Superfast last! Well as a market compared to other countries in the future is situations. Collaboration with the Dubai economy on the related legal matters was a sign that their concept truly! Good idea out there today started like that على LinkedIn واستكشف زملاء Jad والوظائف في الشركات Idealz. Side by side with 1 priority in the field of Applied Behaviour Analysis licensed the company, we about..., directions, coupons and more for Idealz at 100 W Main St Sugarcreek... 'S very own consignment store a living even for me as the owner believe that if you good! واستكشف زملاء Jad والوظائف في الشركات المشابهة Idealz | 1,955 followers on LinkedIn, Burj Khalifa area,! Example of the company, we talk about the dot-com bubble in,! I would say that our only proxy is our last month. ” -. At ourselves on a monthly basis and say that i have a very solid team that i have very. 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Technical perspective, we are building. ” other thing that we were looking for outside investors LUX-ZEPLIN! Connect with Erlan Manio Mañalac Jr. and others you may know ” Al Gurg says they worked on the daily!