A New Way to Shop Online?

You want to buy something online. Type in the web address and search. Find the product. Pay with a registered card. Wait for delivery.

Well, that’s how it traditionally works anyway. What if you could have a say in the pricing of goods?

MassGenie launched a new online marketplace site, which combines the power of crowdsourcing and ecommerce to create crowd shopping. At MassGenie, buyers can use crowd shopping to drive prices down by creating or joining Power Deals. Power Deals are short-time, volume-based, discounted offers on everyday items. Once a buyer creates or joins a Power Deal, they can share the deal with their friends via email and social media to create more demand, which encourages sellers to offer lower prices. By helping buyers crowdsource demand, Power Deals let buyers enjoy volume pricing even when buying one or two items.

Sellers can also benefit from MassGenie. Multiple sellers can be involved in a Power Deal, which is different than other marketplaces. By participating in Power Deals, sellers at MassGenie get the chance to move large quantities of their inventory and have the opportunity to directly market items to buyers.

 

“Our website has been under development for over two years,” says MassGenie Founder and CEO Sean McEvoy. “We are excited to introduce this disruptive technology and change the way people shop, giving buying power back to customers. We believe that MassGenie is poised to capture a portion of the projected online consumer sales of $530 billion in 2020.”

Comment what you think!