SYDNEY, Sept. 3, 2020 /PRNewswire/ — Because the shift from conventional retail to eCommerce reaches new heights, EnterOffer, a homegrown Australian tech firm, is making it simpler than ever for anybody to capitalize on the expansion of this profitable and dynamic business by simply answering the age-old query of “how a lot can I promote this for?” The corporate goes after the secondhand luxurious items market which Boston Consulting Group estimates shall be price $36 billion worldwide by 2021.
Launched simply final week, the EnterOffer Market takes inspiration from the worth transparency of the inventory market and facilitates a reside pricing market for items, exhibiting what quantity persons are ready to purchase and promote a given luxurious product for. When a purchaser and vendor agree on worth, they’re matched and a sale takes place.
EnterOffer CEO Angus Scutt mentioned the concept for permitting each purchase and promote listings got here from social media purchase and promote teams, which have been notably busy in the course of the coronavirus interval.
“Consumers would frequently miss out on what somebody was promoting in a social media submit. Whereas the client was nonetheless fascinated by shopping for the product from different sellers as they proclaimed of their touch upon the submit, their curiosity could be misplaced with the submit because it descended to the underside of the group newsfeed.”
EnterOffer offers a approach to maintain onto these patrons for different sellers, by letting the client depart a proposal behind on a product. Conserving worth affords on merchandise public and clear additionally means sellers do not should take care of additional non-public worth negotiation that they normally obtain in market messages; reasonably patrons should maintain their affords public and the vendor can merely select whether or not to carry their worth or take the supply from the very best bidding purchaser — identical to within the inventory market.
Over the past couple years, EnterOffer has labored with retailers to supply the same answer on their on-line web sites, whereby clients are engaged to make a proposal on items that the service provider can settle for or reject.
Nonetheless, as Scutt says, “We could not ignore the expansion being seen within the secondary market and sit again, so transitioning the know-how behind EnterOffer for use in a web based secondhand market appeared like the subsequent pure step.”