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 Mr DIY humble beginnings

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SUSSKY233
post Apr 9 2021, 10:33 AM

u x sukak u keluar
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inb4 #BLM
SUSkevin23
post Apr 9 2021, 10:40 AM

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QUOTE(Quang1819 @ Apr 9 2021, 10:29 AM)
Ace hardware is more for mid mid - mid high income segment.

Their products are good, that's why it's at a premium price compare to MR. DIY. Even the places they operate are all in proper malls.

But Malaysians are mostly low to mid low income earners. That's why they got majority of the market share.
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Ace hardware sells all branded high end expensive stuff

Mr diy have got their sales strategy spot on. They know Malaysians are not like Americans where they have their own garage and like doing their own diy stuff. Americans will buy branded good quality stuff.

Malaysians on the other hand use one item a few times then chuck it away never to be seen again. Thats why they prefer to buy cheap tools . Use a few times only. And thats how mr diy keep getting repeat sales. Ppl will buy the same tool many times since its so cheap.

Quality migt not be the best but it gets the job done

This post has been edited by kevin23: Apr 9 2021, 10:41 AM
SUSBug Juice
post Apr 9 2021, 10:45 AM

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QUOTE(thefryingfox @ Apr 8 2021, 11:53 PM)
This one gotta give mad respect. U go in come out sure buy something.
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Sometimes I went in didn't find something I want then ended up buying a RM1 meneral water on the way out.
MANUTD676767
post Apr 9 2021, 10:45 AM

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QUOTE(yeezai @ Apr 8 2021, 10:41 PM)
Not really easy just to open 1 hardware store in msia ..500k cannot see much thing oso in a normal shop ..wan to open 700 shop need serious capital injection..
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Giant, kedai 1Malaysia and Mydin also bankrupt d even with backing from Gov. Mr DIY is power
koja6049
post Apr 9 2021, 10:50 AM

On my way
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QUOTE(arsenwagon @ Apr 9 2021, 10:08 AM)
R u physics grad from UM also

Btw there's another UM grad founder of rotiboy... If he studied physics maybe it helps to control the heat for the perfect roti
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just looked him up, he graduated from economics. In any case, this shows two important things:

1. The common myth that successful businessman are "dropouts" is a false one. These are all highly intelligent people who got university education. Dunno why still got people believe bodo ppl can do business

2. Successful businessman are often those put in positions where they have nothing else to lose and hence willing to take risks. These people usually don't have degrees from "engineering, medicine, etc.". Hard to find employment may be a blessing in disguise and spur them to create a successful billion dollar business smile.gif
treblecase
post Apr 9 2021, 10:54 AM

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Really many congratulations to them. They took a concept born in the early nougties which is to source cheaply from mainland China & turned it into a big thing. Many others who did so back then also succeeded but these guys took it to another level.
mizi28
post Apr 9 2021, 10:55 AM

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quite inspiring



anakMY
post Apr 9 2021, 11:14 AM

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QUOTE(canuponly @ Apr 9 2021, 12:15 AM)
Its an open secret. Everyone knows. Same thing with speedmart.
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open secret? why dont u show some proof? really puak dengki ni.
SUScanuponly
post Apr 9 2021, 12:12 PM

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QUOTE(anakMY @ Apr 9 2021, 11:14 AM)
open secret? why dont u show some proof? really puak dengki ni.
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kek. really kindergarten kid.
SUSjudehow
post Apr 9 2021, 12:27 PM

Look at all my stars!!
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QUOTE(lorrydriverrocks @ Apr 8 2021, 10:11 PM)
Cina memang hebat
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yup
anakMY
post Apr 9 2021, 12:27 PM

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QUOTE(canuponly @ Apr 9 2021, 12:12 PM)
kek. really kindergarten kid.
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I'm asking for proof , if u can't meaning u r slandering others. Such unethical person u r.
SUScanuponly
post Apr 9 2021, 12:58 PM

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QUOTE(anakMY @ Apr 9 2021, 12:27 PM)
I'm asking for proof , if u can't meaning u r slandering others. Such unethical person u r.
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No need to waste time with u. Kindergarten kid like you wont understand how the real life work out there.
elm0001
post Apr 9 2021, 01:02 PM

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very interesting

i love going to mr diy, it’s quite a heaven to see that they have almost everything

but i still prefer ace hardware more la if talking about quality
blanket84
post Apr 9 2021, 01:04 PM

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QUOTE(smokey @ Apr 8 2021, 10:16 PM)
If only they import quality stuffs like in the US...
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Then they wouldn't be this rich because they will lose a huge portion of the market.
SUSlijor the great
post Apr 9 2021, 01:05 PM

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QUOTE(MANUTD676767 @ Apr 9 2021, 10:45 AM)
Giant, kedai 1Malaysia and Mydin also bankrupt d even with backing from Gov. Mr DIY is power
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Huh? Mydin bankrupt???
blanket84
post Apr 9 2021, 01:05 PM

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QUOTE(fantasy1989 @ Apr 8 2021, 10:22 PM)
you want that 1 . you can go to Ace hardware
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This is true, but then not all items in Ace hardware is high quality, unless it is something sold in their US stores as well.
Amuro_Ray
post Apr 9 2021, 01:06 PM

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QUOTE(smokey @ Apr 8 2021, 02:16 AM)
If only they import quality stuffs like in the US...
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Look ace hardware... People priority spending... Won't waste much on tools... Broken then buy new one
JohnL77
post Apr 9 2021, 01:08 PM

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QUOTE(lijor the great @ Apr 9 2021, 01:05 PM)
Huh? Mydin bankrupt???
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I thought rebranded to Pak Grocer?
SUSlijor the great
post Apr 9 2021, 01:08 PM

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QUOTE(9m2w @ Apr 9 2021, 10:26 AM)
Actually the business model of HW shops buying cheap stuff and selling them still relatively cheap but with a healthy markup has been around for some time. Back in my old neighbourhood there was a hardware shop that made decent money. Its still standing. Once in a while the owner will brag his nett profit to neighbouring shops which was more than decent at that time (30 years back). Guy lived in a bungalow in PJ. Kids was sent overseas. He never went more than one shop, still keeping the same place at the same size.

This is a biz that once you have a reliable supplier and a steady market you can prosper.
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Is exactly those kind of mom and pop shop that are coming under pressure from guys like mrdiy. The days of mon n pop shop are coming to an end with the capital backing massively scaled retail operations like mrdiy. A similar thing happened decades ago in usa with walmart.
blanket84
post Apr 9 2021, 01:09 PM

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QUOTE(Freshmeat21 @ Apr 9 2021, 01:10 AM)
Ace hardware harga yahudi, i bought quite a lot of things from them during mco then only to find mr diy beside sold things a lot cheaper.
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Not everything in Ace Hardware is sold at harga yahudi.

Most of their US imported cleaning products are sold at reasonable price when shopee/lazada sellers are selling them at harga yahudi. Almost half the price of harga yahudi in shopee/lazada.

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