SlideShare ist ein Scribd-Unternehmen logo
1 von 12
Introduces the
“Competitive Shopping Marketplace”
  Making Shopping Online More Affordable for
 Consumers and More Profitable for Merchants.
Introducing the Competitive Shopping
               Marketplace

Marketplace: A commercial world of buying and selling

Competitive Shopping: The process whereby consumers bid
  against each other with pre-purchased bids in an effort to win an
  auction item at discounts of up to 95% off the retail price.


Competitive Shopping Marketplace: A marketplace where
  merchants enable consumers to engage in Competitive Shopping
  to earn discounts of up to 95% off the retail.
Components of Competitive Shopping
‱ Bundle of Bid Credits at $1 per credit
Components of Competitive Shopping
  Auction type




   Auction product




       Last auction price




 Merchant logo
Components of Competitive Shopping
Current auction price

      Auction clock




   Avatar & username of
   the last bidder

                          Auction bid button




                             Break down of
                             discount compared to
                             the retail price
Components of Competitive Shopping
 History of the most
 recent bids




  Auto-bidder console



Sponsor merchant’s logo
                              Discounted Buy It
                              Now price
       Buy It Now button
Components of Competitive Shopping

Buy It Now buttons              Buy It Now prices        Current auction prices




                                               Bid buttons &             Auction clocks
            Sponsor merchants                  username of
                                               the last bidder
Components of Competitive Shopping
Competitive Shopping Quick Facts

‱ Bids cost $1 each

‱ Each bid increments the auction price by $0.01 (a penny)

‱ Each bid resets the auction clock to the 10 second mark

‱ There is one winner per Competitive Shopping round

‱ Every Competitive Shopping round offers a Buy It Now option

‱ The Buy It Now price is the retail price minus the total value of spent

   bids.
Competitive Shopping Example
 A $25.00 Amazon gift card sold for only $2.50 in a recent Competitive Shopping round.
 The winner was able to purchase the gift card at a substantial discount of 90% off the
 retail price.



                                                      $ 2.50                       (Competitive Shopping Price)
                                                      $ 25.00                      ( Retail Price)


In total, there were 250 bids. With each bid costing $1, plus the final value price of $2.50
the Competitive Shopping round generated $252.50 in gross revenue.

The net profits earned in this Competitive Shopping round was $252.50 - $25 = $227.5

Because the Buy It Now option allows a user to apply the total value of their spent bids to the Buy It Now price, net profits may be lower
depending on how many users elect to use the Buy It Now option.
Conclusion
‱   Competitive Shopping offers consumers an entertaining & new way to shop
    and save with multiple merchants.
‱   It enables consumers to compete for substantial discounts on popular high-
    priced products such as: gift cards, smarphones, tablets, notebooks etc


‱   Consumers can apply a bid before they buy strategy to possibly win their
    desired product(s) at substantial discounts of up to 95% off the retail price.

‱   It has the potential to greatly increases our partner merchant’s net profits.

‱   It will increase our partner merchant’s retail sales via Buy It Now.

‱   It enables each member to earn a permanent monthly store wide discount
    from 2% to 50% once per month on any product from any of our partner
    merchants.
The End


Weitere Àhnliche Inhalte

Was ist angesagt?

Retail Pricing
Retail PricingRetail Pricing
Retail Pricingrajnish kumar
 
Be chap7 pricing strategies for firms with market power
Be chap7 pricing strategies for firms with market powerBe chap7 pricing strategies for firms with market power
Be chap7 pricing strategies for firms with market powerfadzliskc
 
Pricing Decisions for Marketing
Pricing Decisions for MarketingPricing Decisions for Marketing
Pricing Decisions for MarketingLindsey Fair, MBA
 
3.adapting the price
3.adapting the price3.adapting the price
3.adapting the priceSameer Mathur
 
11. pricing products pricing considerations and strategies
11. pricing products   pricing considerations and strategies11. pricing products   pricing considerations and strategies
11. pricing products pricing considerations and strategiesabc
 
The marketing mix
The marketing mixThe marketing mix
The marketing mixCollege
 
The marketing mix
The marketing mixThe marketing mix
The marketing mixR Giles
 
Barter Deck pitch book
Barter Deck pitch bookBarter Deck pitch book
Barter Deck pitch bookdotsup
 
Non-price competition
Non-price competitionNon-price competition
Non-price competitionHezron Sadock
 
Pricing As A Strategic Marketing Tool
Pricing As A Strategic Marketing ToolPricing As A Strategic Marketing Tool
Pricing As A Strategic Marketing ToolThomas (Tom) Smith, III
 
Pricing methods..
Pricing methods..Pricing methods..
Pricing methods..Sujith Nair
 
Pricing strategy of Retail stores
Pricing strategy of Retail storesPricing strategy of Retail stores
Pricing strategy of Retail storessubho sutradhar
 

Was ist angesagt? (14)

Retail Pricing
Retail PricingRetail Pricing
Retail Pricing
 
Be chap7 pricing strategies for firms with market power
Be chap7 pricing strategies for firms with market powerBe chap7 pricing strategies for firms with market power
Be chap7 pricing strategies for firms with market power
 
Pricing Decisions for Marketing
Pricing Decisions for MarketingPricing Decisions for Marketing
Pricing Decisions for Marketing
 
3.adapting the price
3.adapting the price3.adapting the price
3.adapting the price
 
CrowdShip Pitch
CrowdShip PitchCrowdShip Pitch
CrowdShip Pitch
 
11. pricing products pricing considerations and strategies
11. pricing products   pricing considerations and strategies11. pricing products   pricing considerations and strategies
11. pricing products pricing considerations and strategies
 
The marketing mix
The marketing mixThe marketing mix
The marketing mix
 
The marketing mix
The marketing mixThe marketing mix
The marketing mix
 
Barter Deck pitch book
Barter Deck pitch bookBarter Deck pitch book
Barter Deck pitch book
 
Non-price competition
Non-price competitionNon-price competition
Non-price competition
 
Cashback program
Cashback programCashback program
Cashback program
 
Pricing As A Strategic Marketing Tool
Pricing As A Strategic Marketing ToolPricing As A Strategic Marketing Tool
Pricing As A Strategic Marketing Tool
 
Pricing methods..
Pricing methods..Pricing methods..
Pricing methods..
 
Pricing strategy of Retail stores
Pricing strategy of Retail storesPricing strategy of Retail stores
Pricing strategy of Retail stores
 

Andere mochten auch

Synagogue Hourva
Synagogue HourvaSynagogue Hourva
Synagogue HourvaAschkel Levi
 
Un Happy Passover
Un Happy PassoverUn Happy Passover
Un Happy PassoverAschkel Levi
 
Les juifs de Chine
Les juifs de ChineLes juifs de Chine
Les juifs de ChineAschkel Levi
 
P.Y.T. The Chickens Are Here Collection
P.Y.T. The Chickens Are Here CollectionP.Y.T. The Chickens Are Here Collection
P.Y.T. The Chickens Are Here CollectionPYTAXS
 
P.Y.T. Dress Candy Collection
P.Y.T. Dress Candy CollectionP.Y.T. Dress Candy Collection
P.Y.T. Dress Candy CollectionPYTAXS
 
P.Y.T. Premiere Accessories Collection
P.Y.T.  Premiere Accessories CollectionP.Y.T.  Premiere Accessories Collection
P.Y.T. Premiere Accessories CollectionPYTAXS
 
Arlene Guerra Trend Presentation
Arlene Guerra Trend PresentationArlene Guerra Trend Presentation
Arlene Guerra Trend PresentationPYTAXS
 
P.Y.T. Shes Krafty Ice Collection
P.Y.T. Shes Krafty Ice CollectionP.Y.T. Shes Krafty Ice Collection
P.Y.T. Shes Krafty Ice CollectionPYTAXS
 
Integration des ownCloud CardDAV Servers mit TYPO3
Integration des ownCloud CardDAV Servers mit TYPO3Integration des ownCloud CardDAV Servers mit TYPO3
Integration des ownCloud CardDAV Servers mit TYPO3David Sporer
 
Academic Writing
Academic WritingAcademic Writing
Academic WritingSiswo Harsono
 
Penelitian Sastra Elektronik
Penelitian Sastra ElektronikPenelitian Sastra Elektronik
Penelitian Sastra ElektronikSiswo Harsono
 
Electronic Literature
Electronic LiteratureElectronic Literature
Electronic LiteratureSiswo Harsono
 
Research object
Research objectResearch object
Research objectSiswo Harsono
 
Arlene Guerra Tech Pack Cape
Arlene Guerra Tech Pack CapeArlene Guerra Tech Pack Cape
Arlene Guerra Tech Pack CapePYTAXS
 
Deconstruction
DeconstructionDeconstruction
DeconstructionSiswo Harsono
 

Andere mochten auch (17)

Synagogue Hourva
Synagogue HourvaSynagogue Hourva
Synagogue Hourva
 
Un Happy Passover
Un Happy PassoverUn Happy Passover
Un Happy Passover
 
Les juifs de Chine
Les juifs de ChineLes juifs de Chine
Les juifs de Chine
 
P.Y.T. The Chickens Are Here Collection
P.Y.T. The Chickens Are Here CollectionP.Y.T. The Chickens Are Here Collection
P.Y.T. The Chickens Are Here Collection
 
P.Y.T. Dress Candy Collection
P.Y.T. Dress Candy CollectionP.Y.T. Dress Candy Collection
P.Y.T. Dress Candy Collection
 
P.Y.T. Premiere Accessories Collection
P.Y.T.  Premiere Accessories CollectionP.Y.T.  Premiere Accessories Collection
P.Y.T. Premiere Accessories Collection
 
Arlene Guerra Trend Presentation
Arlene Guerra Trend PresentationArlene Guerra Trend Presentation
Arlene Guerra Trend Presentation
 
Question L
Question LQuestion L
Question L
 
P.Y.T. Shes Krafty Ice Collection
P.Y.T. Shes Krafty Ice CollectionP.Y.T. Shes Krafty Ice Collection
P.Y.T. Shes Krafty Ice Collection
 
Integration des ownCloud CardDAV Servers mit TYPO3
Integration des ownCloud CardDAV Servers mit TYPO3Integration des ownCloud CardDAV Servers mit TYPO3
Integration des ownCloud CardDAV Servers mit TYPO3
 
Academic Writing
Academic WritingAcademic Writing
Academic Writing
 
Penelitian Sastra Elektronik
Penelitian Sastra ElektronikPenelitian Sastra Elektronik
Penelitian Sastra Elektronik
 
Electronic Literature
Electronic LiteratureElectronic Literature
Electronic Literature
 
Research object
Research objectResearch object
Research object
 
Arlene Guerra Tech Pack Cape
Arlene Guerra Tech Pack CapeArlene Guerra Tech Pack Cape
Arlene Guerra Tech Pack Cape
 
Stylistics
StylisticsStylistics
Stylistics
 
Deconstruction
DeconstructionDeconstruction
Deconstruction
 

Ähnlich wie Competitive Shopping Marketplace

Pricing method
Pricing methodPricing method
Pricing methodapurv1993
 
Chatper 11 The Pricing Strategy
Chatper 11 The Pricing StrategyChatper 11 The Pricing Strategy
Chatper 11 The Pricing Strategywrhsbusiness
 
Brokerage Model- different types of auctions- examples with screenshots
Brokerage Model- different types of auctions- examples with screenshotsBrokerage Model- different types of auctions- examples with screenshots
Brokerage Model- different types of auctions- examples with screenshotsHarsha Varghese
 
Financial aspects of marketing management
Financial aspects of marketing managementFinancial aspects of marketing management
Financial aspects of marketing managementBabasab Patil
 
Smart pricing
Smart pricingSmart pricing
Smart pricingRandy Aimone
 
How should a company set prices intially for products and services.
How should a company set prices intially for products and services.How should a company set prices intially for products and services.
How should a company set prices intially for products and services.Sameer Mathur
 
Bmgt 411 chapter_12
Bmgt 411 chapter_12Bmgt 411 chapter_12
Bmgt 411 chapter_12Chris Lovett
 
Penny Auction Sites
Penny Auction SitesPenny Auction Sites
Penny Auction SitesSean
 
Monopolistic competition - The Four Types of Market Structure - Economics
Monopolistic competition - The Four Types of Market Structure - EconomicsMonopolistic competition - The Four Types of Market Structure - Economics
Monopolistic competition - The Four Types of Market Structure - EconomicsFaHaD .H. NooR
 
Charitable Auctions
Charitable AuctionsCharitable Auctions
Charitable Auctionsem8trix
 
Pricing and markets
Pricing and marketsPricing and markets
Pricing and marketsNamita Sharma
 
Boots Hair Care Sales Promotion
Boots Hair Care Sales PromotionBoots Hair Care Sales Promotion
Boots Hair Care Sales PromotionAnish Lamba
 
Perfect Competition..pdf
Perfect Competition..pdfPerfect Competition..pdf
Perfect Competition..pdfDivyaPargal
 
Bmgt 411 week_8
Bmgt 411 week_8Bmgt 411 week_8
Bmgt 411 week_8Chris Lovett
 

Ähnlich wie Competitive Shopping Marketplace (20)

Pricing method
Pricing methodPricing method
Pricing method
 
Price
PricePrice
Price
 
Chatper 11 The Pricing Strategy
Chatper 11 The Pricing StrategyChatper 11 The Pricing Strategy
Chatper 11 The Pricing Strategy
 
Brokerage Model- different types of auctions- examples with screenshots
Brokerage Model- different types of auctions- examples with screenshotsBrokerage Model- different types of auctions- examples with screenshots
Brokerage Model- different types of auctions- examples with screenshots
 
Financial aspects of marketing management
Financial aspects of marketing managementFinancial aspects of marketing management
Financial aspects of marketing management
 
Smart pricing
Smart pricingSmart pricing
Smart pricing
 
Best Auction Script
Best Auction ScriptBest Auction Script
Best Auction Script
 
How should a company set prices intially for products and services.
How should a company set prices intially for products and services.How should a company set prices intially for products and services.
How should a company set prices intially for products and services.
 
Bmgt 411 chapter_12
Bmgt 411 chapter_12Bmgt 411 chapter_12
Bmgt 411 chapter_12
 
Marketing prices
Marketing prices Marketing prices
Marketing prices
 
Pricing
PricingPricing
Pricing
 
Penny Auction Sites
Penny Auction SitesPenny Auction Sites
Penny Auction Sites
 
Pricing
PricingPricing
Pricing
 
Monopolistic competition - The Four Types of Market Structure - Economics
Monopolistic competition - The Four Types of Market Structure - EconomicsMonopolistic competition - The Four Types of Market Structure - Economics
Monopolistic competition - The Four Types of Market Structure - Economics
 
Newwww! english
Newwww! englishNewwww! english
Newwww! english
 
Charitable Auctions
Charitable AuctionsCharitable Auctions
Charitable Auctions
 
Pricing and markets
Pricing and marketsPricing and markets
Pricing and markets
 
Boots Hair Care Sales Promotion
Boots Hair Care Sales PromotionBoots Hair Care Sales Promotion
Boots Hair Care Sales Promotion
 
Perfect Competition..pdf
Perfect Competition..pdfPerfect Competition..pdf
Perfect Competition..pdf
 
Bmgt 411 week_8
Bmgt 411 week_8Bmgt 411 week_8
Bmgt 411 week_8
 

KĂŒrzlich hochgeladen

FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024The Digital Insurer
 
Six Myths about Ontologies: The Basics of Formal Ontology
Six Myths about Ontologies: The Basics of Formal OntologySix Myths about Ontologies: The Basics of Formal Ontology
Six Myths about Ontologies: The Basics of Formal Ontologyjohnbeverley2021
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesrafiqahmad00786416
 
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ..."I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...Zilliz
 
Elevate Developer Efficiency & build GenAI Application with Amazon Q​
Elevate Developer Efficiency & build GenAI Application with Amazon Q​Elevate Developer Efficiency & build GenAI Application with Amazon Q​
Elevate Developer Efficiency & build GenAI Application with Amazon Q​Bhuvaneswari Subramani
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerThousandEyes
 
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...apidays
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...apidays
 
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...Jeffrey Haguewood
 
Strategize a Smooth Tenant-to-tenant Migration and Copilot Takeoff
Strategize a Smooth Tenant-to-tenant Migration and Copilot TakeoffStrategize a Smooth Tenant-to-tenant Migration and Copilot Takeoff
Strategize a Smooth Tenant-to-tenant Migration and Copilot Takeoffsammart93
 
Platformless Horizons for Digital Adaptability
Platformless Horizons for Digital AdaptabilityPlatformless Horizons for Digital Adaptability
Platformless Horizons for Digital AdaptabilityWSO2
 
Artificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyArtificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyKhushali Kathiriya
 
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Angeliki Cooney
 
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...apidays
 
Why Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businessWhy Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businesspanagenda
 
MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024MIND CTI
 
Exploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with MilvusExploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with MilvusZilliz
 
Vector Search -An Introduction in Oracle Database 23ai.pptx
Vector Search -An Introduction in Oracle Database 23ai.pptxVector Search -An Introduction in Oracle Database 23ai.pptx
Vector Search -An Introduction in Oracle Database 23ai.pptxRemote DBA Services
 
WSO2's API Vision: Unifying Control, Empowering Developers
WSO2's API Vision: Unifying Control, Empowering DevelopersWSO2's API Vision: Unifying Control, Empowering Developers
WSO2's API Vision: Unifying Control, Empowering DevelopersWSO2
 

KĂŒrzlich hochgeladen (20)

FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024
 
Six Myths about Ontologies: The Basics of Formal Ontology
Six Myths about Ontologies: The Basics of Formal OntologySix Myths about Ontologies: The Basics of Formal Ontology
Six Myths about Ontologies: The Basics of Formal Ontology
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
 
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ..."I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
 
Elevate Developer Efficiency & build GenAI Application with Amazon Q​
Elevate Developer Efficiency & build GenAI Application with Amazon Q​Elevate Developer Efficiency & build GenAI Application with Amazon Q​
Elevate Developer Efficiency & build GenAI Application with Amazon Q​
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected Worker
 
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
 
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...
 
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
 
Strategize a Smooth Tenant-to-tenant Migration and Copilot Takeoff
Strategize a Smooth Tenant-to-tenant Migration and Copilot TakeoffStrategize a Smooth Tenant-to-tenant Migration and Copilot Takeoff
Strategize a Smooth Tenant-to-tenant Migration and Copilot Takeoff
 
Platformless Horizons for Digital Adaptability
Platformless Horizons for Digital AdaptabilityPlatformless Horizons for Digital Adaptability
Platformless Horizons for Digital Adaptability
 
Artificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyArtificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : Uncertainty
 
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
 
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
 
Why Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire businessWhy Teams call analytics are critical to your entire business
Why Teams call analytics are critical to your entire business
 
MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024
 
Exploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with MilvusExploring Multimodal Embeddings with Milvus
Exploring Multimodal Embeddings with Milvus
 
Vector Search -An Introduction in Oracle Database 23ai.pptx
Vector Search -An Introduction in Oracle Database 23ai.pptxVector Search -An Introduction in Oracle Database 23ai.pptx
Vector Search -An Introduction in Oracle Database 23ai.pptx
 
WSO2's API Vision: Unifying Control, Empowering Developers
WSO2's API Vision: Unifying Control, Empowering DevelopersWSO2's API Vision: Unifying Control, Empowering Developers
WSO2's API Vision: Unifying Control, Empowering Developers
 

Competitive Shopping Marketplace

  • 1. Introduces the “Competitive Shopping Marketplace” Making Shopping Online More Affordable for Consumers and More Profitable for Merchants.
  • 2. Introducing the Competitive Shopping Marketplace Marketplace: A commercial world of buying and selling Competitive Shopping: The process whereby consumers bid against each other with pre-purchased bids in an effort to win an auction item at discounts of up to 95% off the retail price. Competitive Shopping Marketplace: A marketplace where merchants enable consumers to engage in Competitive Shopping to earn discounts of up to 95% off the retail.
  • 3. Components of Competitive Shopping ‱ Bundle of Bid Credits at $1 per credit
  • 4. Components of Competitive Shopping Auction type Auction product Last auction price Merchant logo
  • 5. Components of Competitive Shopping Current auction price Auction clock Avatar & username of the last bidder Auction bid button Break down of discount compared to the retail price
  • 6. Components of Competitive Shopping History of the most recent bids Auto-bidder console Sponsor merchant’s logo Discounted Buy It Now price Buy It Now button
  • 7. Components of Competitive Shopping Buy It Now buttons Buy It Now prices Current auction prices Bid buttons & Auction clocks Sponsor merchants username of the last bidder
  • 9. Competitive Shopping Quick Facts ‱ Bids cost $1 each ‱ Each bid increments the auction price by $0.01 (a penny) ‱ Each bid resets the auction clock to the 10 second mark ‱ There is one winner per Competitive Shopping round ‱ Every Competitive Shopping round offers a Buy It Now option ‱ The Buy It Now price is the retail price minus the total value of spent bids.
  • 10. Competitive Shopping Example A $25.00 Amazon gift card sold for only $2.50 in a recent Competitive Shopping round. The winner was able to purchase the gift card at a substantial discount of 90% off the retail price. $ 2.50 (Competitive Shopping Price) $ 25.00 ( Retail Price) In total, there were 250 bids. With each bid costing $1, plus the final value price of $2.50 the Competitive Shopping round generated $252.50 in gross revenue. The net profits earned in this Competitive Shopping round was $252.50 - $25 = $227.5 Because the Buy It Now option allows a user to apply the total value of their spent bids to the Buy It Now price, net profits may be lower depending on how many users elect to use the Buy It Now option.
  • 11. Conclusion ‱ Competitive Shopping offers consumers an entertaining & new way to shop and save with multiple merchants. ‱ It enables consumers to compete for substantial discounts on popular high- priced products such as: gift cards, smarphones, tablets, notebooks etc
 ‱ Consumers can apply a bid before they buy strategy to possibly win their desired product(s) at substantial discounts of up to 95% off the retail price. ‱ It has the potential to greatly increases our partner merchant’s net profits. ‱ It will increase our partner merchant’s retail sales via Buy It Now. ‱ It enables each member to earn a permanent monthly store wide discount from 2% to 50% once per month on any product from any of our partner merchants.