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Cambrian House began as a crowdsourcing community using a wisdom of crowds based approach to discover new business and technology ideas. These pages are being kept online as a technology demo to showcase Chaordix™.

Looking to harness the power of your crowd? Find out about Chaordix™ - technology that enables enterprises to get the most out of crowdsourcing.

eYAB - Shop till they Drop

Doymarn
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  • Submitted by: Doymarn
  • Created: Jul 13, 2006, 5:25 am
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The Idea

eYAB - A geo targeted website where the user posts items that they are looking to purchase. This could be a particular product or service. They indicate what price band they can afford, what area they reside in and any other pertinent information. Suppliers browse the website and post reply bids. Suppliers register and pay registration fee to be able to submit bids which generates revenue and will greatly reduce spamming. The difference of this service to a classified wanted section is that the suppliers search this website and provide the user with bids or quotes on the items wanted at the website so there is no spamming to the users email. The user would periodically review the bids and eventually select the best deal and contact the winning supplier for fulfillment through the website. Suppliers would find hot prospects for their products, reducing cold calling sales prospectors etc. Customers sit back and wait for the best bid. It's like ebay on its head!

I thought of this idea when I was...

Making technology work for us in reducing time spent on mundane things like shopping, searching and getting price comparisons. Users benefit from time saved shopping around on websites etc. and they automatically benefit from competitive prices. Suppliers have a ready made available pool of accessible sales prospects to work on and revenues flow from Supplier registrations and service fees on purchases. Revenues are Supplier registration fees, shoping cart fees, payment processor commissions and advertising. RSS feeds send new postings immediately to registered suppliers and their salespeople. As a business i would love to have sales requests feeding through to me to convert!


Comments Posted

Julius
Julius Posted: August 2, 2006, 8:39 am

"This is based on MEALS on DEALS idea ..."
(Please do not assume I know (and/or understand) the Meals on Deals idea. )

They way I understand your idea; I (as a user) want a product or service, and the companies can offer me a deal. So the thing you do is bring consumers and producers/companies together.

problems I see;
- expensive for companies
- if I'd ask for a car; every car company is going to offer me a deal. So they time gain is gone. It's like asking for spam.
- bringing consumers and producers/companies together sounds like a crowded space.

Still, it might have potential.

Yoda
Yoda Posted: August 2, 2006, 4:19 pm

Dude,

I do appreciate ideas, but PLEASE support your ideas with solid research and analysis. Do not waste people time reviewing some crappy ideas. Many good ideas pass through our brain every seconds, but NOT all are practical. That is why we are still on earth not heaven. Instead of posting 10 loose ideas, it is better to submit a good, well prepared workable idea.

Doymarn
Doymarn Posted: August 3, 2006, 4:13 am

Yoda thanks for adding a comment that 'didn't make sense' to me!

Irrespective of whether YOU think an idea is good, bad or half baked if you take the time to review the idea and find it doesn't make sense to you please try and be a little constructive in your criticisms, that way we can all benefit from your wisdom which must be very considerable with the 'holier than thou attitude' you adopt.

After all, isn't that what idea incubation is all about, someone posts an idea, gets QUALITY feedback and the idea is improved, developed or dropped .. Cambrian House is a process i believe, not a de facto submission of completed idea by one individual .. crowdsource is contribution .. regrettably i see none from you.

Doymarn
Doymarn Posted: August 3, 2006, 5:32 am

Julius, thank you for pointing out a valid frustration .. i am not sure whether it was a question of being lazy, lack of space to present the idea or creative marketing of another idea .. but point well taken:)

I will answer your specific observations first then give more detail to the idea which is lacking here.

You are correct it is a crowded space of matching consumer with supplier but i know of no good example of one well marketed service which allows consumers to put in their purchase requests and invite suppliers to bid for their business and manage the entire process on the one website.

It could be seen as inviting spam but the advantage here is that the spam is not delivered to the customers inbox which is a major plus. Also by putting a registration requirement on the suppliers or registration fee for bidding priviledges, would provide an effective form of spam filtering and it also generates revenues.

Detailed description and criteria of the item required by the customer should reduce the amount of bid replies they receive, for example, specific price bands, geographic area of supply etc. And if i were the customer i would find just dealing with the top five bidders a much more time efficient exercise than trawling the web to get the best deals.

You say you think it will be expensive for companies to use, i respectfully think the opposite is true. If i sell used cars for example, i employ salespeople to convert casual interest into a sale, or to scout out leads and do cold calling etc. Wouldn't it be much cheaper for me if i had a salesperson that could reference a website, request a listing of people that want to buy a secondhand car in my area and do a match and submit a bid. Yes, agreed there is search and bid maintenance time required to apply to this new leads processing opportunity but employed sales people often have time on their hands between sales pitches which can be better utilised. Also, i am sure the conversion ratio of lead to sale would be much higher with people who have requested bids rather than the conversion ratio of casual or cold call selling.

In a nutshell, what i am proposing in this idea is a reverse of the ebay service model where instead of sellers inviting bids on items they have for sale, with the customers having to do the searching, bidding and the work, we supply a model where the customer identifies their needs and invites the suppliers to do the work. After all customers are not employed and paid to do their shopping but employees of businesses are paid to do the work of selling.

The service would be heavily geo targeted to promote cost effective supply and delivery. Regionalisation down to the local town level would increase attractiveness of lead servicing and greatly expand the advertising placement inventory.

Customer benefits are greatly reduced time in getting the best deal for an item without the hassle of salespeople harassment or spamed email accounts.

Supplier benefits are a hot source of sales leads to process with high conversion ratios.

Shop-till-they-Drop would benefit from what i think has a huge revenue upside without rocket science development but it needs great marketing .. which i think is one of the talents of Cambrian House.

I hope i have embellished this idea enough to give it sufficient clarity Julius, if not let me know and i will try some more:)

LAWZ
LAWZ Posted: August 5, 2006, 8:22 am

Ok, I read your Meals on Deals before I got here so I had no problem understanding your pitch.

I love the idea of turning ebay on it head .... Brilliant

I am not a shopaholic, I have better things to do with my time, like reading ideas and voting:)

Yoda - well, your comment doesn't merit a reply except to say mb you have too many crappy ideas buzzing thru your brain to understand a good one when it comes along!

 

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