About this business
The 5k Shop is an online retailer specializing in fashion and home solutions.
Who founded the 5k Shop?
Sofia Ike-Onu founded the 5k Shop.
Why was the 5k Shop started?
They started the 5k Shop to provide affordable, quality pieces under five thousand naira.
What products does the 5k Shop offer?
The 5k Shop offers blazers, jackets, pants, skirts, dresses, wallpapers, wall decals, and kitchen appliances.
What price point does the 5k Shop maintain?
The 5k Shop sells every item for under five thousand naira.
What policy does the 5k Shop follow?
The 5k Shop follows an eighty-twenty policy for merchant selection.
What future plans does the 5k Shop have?
The 5k Shop plans to create its own high-street brand and open offline stores.
What technology does the 5k Shop use?
The 5k Shop uses an online platform with search engine optimization and online payments.
How does the 5k Shop use social media?
The 5k Shop uses Instagram, Facebook, Google+, and Twitter for customer interaction and feedback.
How is the 5k Shop funded?
The 5k Shop is solely funded by its founders with no external investment.
What marketing approach does the 5k Shop use?
The 5k Shop uses organic marketing driven by returning customers and social media shares.
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