Has Anyone Heard of Mycube?

What are your thoughts on myCube? - a popup retail store that targets small "entrepreneurs". You pay $5 a day for a 30cm x 30cm place to sell your stuff in a brick and mortar setting.

Looking at reviews its mixed - 6 months required lease, you must store stock on your rented shelf no backroom storage.

Having been to the Indooroopilly one, the mix of random clothing, healing crystals and anime gives it a weird feel (kinda feels like a dollar store) with better lighting.

Related Stores

mycubeshop.com.au
mycubeshop.com.au

Comments

  • I've been to the shop too. At $5 a day it seems incredibly cheap considering the location. I can't understand how the shop would make a profit after paying rent and staff wages.

    • +2

      I'm assuming eye level, front of store location etc. would affect pricing, also if they have 300+ cubicles in a store and people buy 4 combined cubicles on average - easy money.

      Low risk - B2B2C.

  • Do you know if they get any cut of the sales?

  • +1

    their facebook page has a lot of dubious feedback / comments

  • +2

    If you have a high margin, small footprint offer (jewellery etc.) it sounds like a good deal, if you feel the barrier to sales is exposure.
    A six month lease is under $1000 so it is unlikely to bankrupt you if it is a failure, and you can figure on some sales.

  • I've only heard of Michael.

  • there was one it a shopping centre here. lasted a year or so, closed down maybe 2-3 years ago.
    most people were selling junky stuff, things like items from BangGood or Daiso - but looked like not many sales were happening.

  • +2

    Paying $5 a day to put your items amongst hundreds of other items in a venue with no target customer sounds like a waste of money.

  • The idea seems to work overseas but IIRC people were mostly flogging off home made artsy crafty things, jewellery or things with high margin but limited availability.

    • Etsy in the real world.

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