3

ShadowBid   

shadowbid.com

Upvotes by: Alistair, Jeevan, Juan

15 Betafiers Comments Share 1.5k

Geographies: United States

Technology has vastly improved the traditional shopping experience, but has also created an overwhelming number of options. We aim to empower the consumer by simplifying the shopping experience and taking the guesswork and uncertainty out of the process. ShadowBid takes the concept of a limit-order from the equities market and applies it to the online retail market. We offer our users the ability to set limit orders on physical products, and when the price of the product drops, we automatically execute the purchase for the user on the retail website. In time, our system will allow users to place their bids across multiple retailers. We offer our users price histories up to one year, as well as indicate the likelihood of execution as the order is created. We are building in a feature that will allow the user to place a single bid on multiple products, and if one of those products drops in price below the bid level, that item will execute and the rest will cancel. We will offer users the ability to set thresholds on their bids, allowing them to receive a notification should their bid be within a certain dollar amount away from the current price.Through this process, ShadowBid will collect a large amount of data on exactly how customers are valuing specific products. And that, in part, is how ShadowBid will be able to deliver tremendous value to retailers as well. This data will help retailers to understand more about consumer demand because the consumer is actually putting their money on the line and saying that "at this price, I will buy". In addition to the meta data from ShadowBid, retailers will also find value in being able to maximize their yield curve. Instead of simply marking products down somewhat randomly, a retailer can slowly discount an item and watch bids execute as they change their prices. Lastly, retailers can subscribe to ShadowBid in order to view bids in the system and potentially to execute private transactions with consumers while maintaining the public price for an item.


Startup Features:
  • Advanced price alerts that automatically purchase products you bid on, when the price drops!
  • Historical price charts for all items on Amazon.
Beta User Benefits:
  • ShadowBid is currently free for all testers!
  • Help provide feedback to shape the future full release product.
  • Self satisfaction knowing that you really helped out some entrepreneurs.
  •  
Categories / Subcategories:
  • Ecommerce
  • Finance
  • Online Marketplaces and Shopping
  • Retail
Target Audience:
  • ios
  • fintech
  • shopping
  • marketplace
  • retail
  • amazon
  • saving money
  • deals
  • chrome
  • price alerts
  • life hack
  • coupons
Who’s betafying ShadowBid?
loading

Get latest updates from Betafy!

You can manage notifications anytime from your browser settings