PRODUCT IDEA: Platform Business. Connecting Resale Industry with Consumers
A multi platform business model for buying & re-selling clothing and household items.
The Resale Market has been projected in Fast Company as a $52 Billion Dollar Business by 2024.
The Wear-hous Model is based on merging the pre-generated users from the existing large re-seller apps & sites. All re-sellers will be accessible in one aggregated app /site on Wearhouss. Consumers can then compare apps by clicking thru ea and deciding where to list or buy their items..Thus selling items faster and more efficiently while having more engagement with others and building your own community of like-minded resale enthusiasts and consumers.
As a price comparison site, Wearhouss will ceate huge value primarily using a cost-per-click (cpc) business model. Selling & buying platforms, boutiques and other provider’s listed prices and details will be linked and seen on Wearhouss. Thus paying for the clicks received from wearhouss users.
Business Model Comparisons: TripAdvisor/Trivago/Booking.com/Kayak
ABSTRACT EXAMPLE: Sell your item of clothing much faster by uploading one’s photos, once - to many apps, individually chosen, by the consumer.
As compared to the existing model, which is listing an item for sale on one singular app or site individually and waiting for it to sell. ( ie ebay, poshmark, tradesy etc)
Consumers can pick from 100’s of appropriate apps to sell or buy their items. Comparison shopping and pricing on each site in one glance.
Within each app/site is a specific pre built culture and community of millions of consumers. Warehouss users can build their own communities by exploring and using all the re selling apps they relate to, rather than just one. Very easy to build on the community aspect!
GENRES: Designer obsessed, vintage obsessed, denim obsessed, outdoor, used, new, DIY, handmade, Handy, Kids, Men , Women. Sneakerheads, Tools, Objects, Furniture, Collectibles, Sports etc…There are online and mobile re-sellers for every genre imaginable.
LIST OF SOME OF THE EXISTING ONLINE RE-SELLERS AND BUYING & SELLING APPS:
AMAZON SELLER APP
All ideas here are my own. working on the PPI. 12/14/18