'Storr' Lets Anyone Open a Free Store from Their Phone in Three Clicks
Laura McQuarrie — January 28, 2019 — Business
References: itunes.apple & storr.co
'Storr' is a disruptive new P2P marketplace concept that is setting itself apart for its unique ability to let "anyone to open a store from their phone in three clicks." With the app, users are able to open a store of their very own within minutes and begin selling the products that they love.
The app addresses a number of issues with other digital marketplaces by having brands cover the costs of shipping and returns, and those who have not yet downloaded the Storr app are able to make a purchase via the web or social media. Those who set up their own storefront will earn a percentage of every sale that they make—on average, this commission is anywhere from 15% to 25%.
With Storr, buyers are able to shop everything from fashion to home goods and sellers receive money that would otherwise go towards a retail giant.
The app addresses a number of issues with other digital marketplaces by having brands cover the costs of shipping and returns, and those who have not yet downloaded the Storr app are able to make a purchase via the web or social media. Those who set up their own storefront will earn a percentage of every sale that they make—on average, this commission is anywhere from 15% to 25%.
With Storr, buyers are able to shop everything from fashion to home goods and sellers receive money that would otherwise go towards a retail giant.
Trend Themes
1. P2P Marketplace Apps - 'Storr' lets anyone open a store from their phone in three clicks, showing the trend towards easy and accessible P2P marketplaces.
2. Branded Shipping and Returns - Storr's model of having brands cover shipping and returns costs disrupts the traditional P2P marketplace model.
3. Mobile Storefronts - Storr's ability to let users open a storefront from their phone in minutes highlights the trend towards mobile-first commerce.
Industry Implications
1. E-commerce - Storr's disruptive P2P marketplace concept is shaking up the e-commerce industry.
2. Fashion - Storr's platform allows anyone to sell fashion items, disrupting the traditional fashion industry.
3. Retail - Storr's commission-based model and branding options disrupts the traditional retail industry.
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