Home » General Nugget » Name Your Price On Shopping App Compelation

Name Your Price On Shopping App Compelation

Cool concept! Let’s see how this work out:)

TechCrunch

Browse products. Name your price. If the merchant accepts your bid, you automatically buy it. This is how Compelation is flipping the concept of ecommerce and giving consumers the power.

Normally, a merchant sets a sale price, and a buyer simply accepts or rejects it. That’s fast, but leads to tons of missed opportunities and a fundamental lack of transparency. Compelation wants to make sure consumers don’t overpay, while scoring data on price sensitivity for businesses. And with a pre-set demand curve, merchants can choose exactly how much revenue they want to earn or products they want to sell if they’re willing to drop the price low enough.

Compelation’s iOS app beta is normally invite-only, but it’s opening signups for the next 24 hours to let TechCrunch readers give it a try.

Compelation_Combined-1-3

Here’s how it works. You first tell Compelation a little about what you like to buy. I…

View original post 705 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: