BestPrice, Business - Cambrian House, Home of Crowdsourcing

Summary

Domain:: bestprice
Members:: 1; View Original Idea

What if prices of consummable goods at various chains of giant hypermarket are available at a few clicks on the internet? Would this attract big crowd to such a site? And furthermore, with prices of these good being ever-changing, this site will definitely maintain a crowd.

Big hypermarkets operating in Asia Pacific region (Malaysia, Singapore, China, Thailand, etc.) like Tesco, Carrerfour, Cold Storage and some local chains spend tons of money to print flyers and brochures and spend another ton or two of money to make sure these flyers reach the right group of people. This is both expensive and un-environmentally friendly.

Unfortunately, a lot of these flyers get thrown into the rubbish bins next to mailboxes! And many of these flyers doesn't reach the right crowd. With the widespread of internet in the Asia Pacific region, the availability and ease of accessing info directly from the net is becoming popular.

What if we create a site where consumers can compare their shopping list against the current prices of every hypermarkets in their city and make wise decision before they leave their house? Every consumer will benefit from making a few clicks and knowing where is the best deal for them to shop at. Besides saving the consumer the guesswork, the site can also offer advise on certain trends or shop-wise tips.

And this would definitely attract the participation of hypermarkets to be interested to provide the daily feeds of their prices! Hypermarkets will obviously be able to compete fairly and save a ton of money on the following:-
1. Do not need to send out spies to check out their competitor's price.
2. Do not need to print flyers and spend so much on print advertisement.
3. Do not need to pay for distribution services.
4. Become envronnmentally friendly!
5. Able to advertise their promotions online - reaching the right audience faster and more effectively!!

In other words, the site will be something like Bezurk.com - able to identify the best deal and list all the prices down for consummable goods. The site does not need to limit to consummable goods - can also encompass other products.

There's a lot of features we can make on the site to allow more functionality, user-friendliness and intelligence.

Besides with the widespread of WI-FI, the information can just be a tab away for shoppers already outside - stuck in traffic or already at nearby hypermarkets. Those with PDAs or Smart Phones will be able to access the site for instant advise and pricing!!!

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August 3

freddygohsg has modified the tags (price consumer consummable goods hypermarkets compare prices get lowest price online fast save money crowd attraction daily changes prices fair competiton attract big retailers parti... 2:20 AM