Bargain hunters frequently cross borders in search of good shopping deals, but Backpack is a peer-to-peer network that's designed to make overseas shopping more convenient.
Backpack appeals to two types of users: shoppers who wish to acquire a specific item and travelers who will be venturing to a certain part of the world. Through this P2P shopping service, shoppers are able to get items overseas for a more inexpensive price, while travelers who source these items are eligible to earn money for their trouble.
While e-commerce has made it quite easy for any web user to acquire products from around the world with just a few clicks, currency conversions and shipping fees can be exorbitant. In the spirit of the sharing economy, both users are able to work together for mutual benefit.
Overseas Shopping Networks
'Backpack' is a P2P Service That Connects Shoppers and World Travelers
Trend Themes
1. P2P Shopping - A trend in which shoppers connect with travelers to acquire items overseas for a more inexpensive price.
2. Sharing Economy - A trend that enables users to work together for mutual benefit, such as earning money while sourcing items for shoppers.
3. Global Bargain Hunting - A trend where bargain hunters cross borders in search of good shopping deals, aided by online platforms like Backpack.
Industry Implications
1. E-commerce - This industry can explore P2P shopping services to provide more affordable and convenient options to customers.
2. Travel and Tourism - This industry can tap into the sharing economy trend by incentivizing travelers to earn money while sourcing items for shoppers.
3. Currency Conversion and Shipping - This industry can develop disruptive innovations to reduce exorbitant costs associated with currency conversions and shipping fees in overseas shopping.