The 'Sold.' App Sells Your Unused Items for You
Alexander Lam — May 24, 2013 — Business
References: usesold & springwise
Selling your old stuff can be a hassle, but the 'Sold.' app does all the work for you and sells your unwanted items. Using only a picture and description, the app will generate a price, find a buyer, pick up the item and deliver it. With a service that promises absolutely no hassle, 'Sold.' aims to get at the $30 billion of stuff “sitting in the growing closets and drawers nationwide." However, only higher value goods that fit in a mid-sized box are accepted.
After taking a picture of the item and describing it, Sold. will use its pricing engine to come up with a price. In a few days, the item will be sold and a box that's “pre-paid, pre-labeled, pre-insured, tracked, and filled with bubble wrap” will be sent to your door. Just schedule a pickup and Sold. will take the package and pay you.
After taking a picture of the item and describing it, Sold. will use its pricing engine to come up with a price. In a few days, the item will be sold and a box that's “pre-paid, pre-labeled, pre-insured, tracked, and filled with bubble wrap” will be sent to your door. Just schedule a pickup and Sold. will take the package and pay you.
Trend Themes
1. Full-service Selling Apps - Disruptive Innovation Opportunity: Develop an app that specializes in selling specific types of items, such as luxury goods or electronics, to provide a tailored selling experience for customers.
2. Automated Pricing Engines - Disruptive Innovation Opportunity: Create an automated pricing engine that uses machine learning algorithms to accurately determine the price of used items, eliminating the need for manual price setting.
3. On-demand Pickup and Delivery Services - Disruptive Innovation Opportunity: Build a platform that offers convenient on-demand pickup and delivery services for a variety of items, not limited to higher value goods, to cater to a wider customer base.
Industry Implications
1. E-commerce - Disruptive Innovation Opportunity: Integrate the 'Sold.' app with existing e-commerce platforms to provide a seamless selling experience for users and increase sales potential.
2. Logistics - Disruptive Innovation Opportunity: Develop advanced logistics systems and partnerships to optimize pickup and delivery processes for full-service selling apps, maximizing efficiency and customer satisfaction.
3. Artificial Intelligence - Disruptive Innovation Opportunity: Utilize artificial intelligence technologies to enhance automated pricing engines and improve accuracy in determining the value of used items, increasing customer trust and transaction success rates.
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