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$3.99 To Never Go To The Grocery Store

Many years ago, a small company named Webvan emerged during Dotcom 1.0 telling us they were going to utilize the internet to create a service that would help deliver groceries right to our door.   As history reveals, it didn’t work during that time almost 15 years ago, but a new company Instacart (www.instacart.com) has emerged with a $3.99 grocery store service model catching fire around the United States.  I recently had the chance to interview some of the executives now bringing the model to the greater Atlanta area.

The business model of Instacart is a grocery delivery service that delivers in as little as an hour!  They connect you with personal shoppers in your area who pick up and deliver your groceries from your favorite local stores.   Currently, they handle Kroger (and soon to be Whole Foods) in the Atlanta area.

The delivery fee for your first order is free.  After that, it’s $3.99 for a two hour delivery and $5.99 for one hour if you spend $35 or more.    It is reported on their website that the fastest delivery was in just 12 minutes!   Many people like going to the grocery store in part to pick their own produce, but Instacart claims that they have expert produce pickers with their personal shoppers.

So, how can a business run on $3.99?  It can’t Instacart prices are their own and vary from the store’s price (except for alcoholic beverages). If you notice an item that you believe is priced incorrectly or unfairly, please email us at happycustomers@instacart.com. We reserve the right to cancel items that are priced incorrectly due to error.  This means you will have to keep an eye on the prices as well to make sure you understand the real cost of hiring the service.   Part of what this will boil down to is TIME.  Most Gen X & Gen Y families don’t have a ton of time, so place your value on saving a couple of hours of heartache once per week.

It’s always exciting to see new and inventive business models to make our lives easier.  I haven’t tried Instacart yet, but now that it has come to Atlanta I might give it a try.   What is an hour of your time worth?

Written by: Ted Jenkin
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About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves

Hey!

My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

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Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

Background and qualification information is available at FINRA's BrokerCheck website.

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