Last Updated on July 30, 2015 by Tim
Wantboards is the newest way for buyers to connect with sellers in a demand-based marketplace. Shoppers post a Wantboard, similar to a customized billboard, of exactly what they want. Sellers are then alerted of each Wantboard posting that matches their inventory. Once both parties are connected, the transaction can be completed.
The benefits of this model are twofold; shoppers buy exactly what they want at the price they want and sellers find targeted buyers who are in the market for what they have to sell. Wantboards allows the shopper to post any type of product, whether it be a pre-owned car, a watch, a designer handbag, or even cosmetics. Wantboards brings both convenience and price negotiation together under one roof.
Wantboards was built on the premise that everyone does want something, however, there is no go-to medium for buyers to tell sellers exactly what they want and how much they are willing to pay. their business model also enables local businesses to compete in the marketplace because they can discount their prices to meet buyer demand. Wantboards hopes this will improve inventory turns for these businesses and will help them remain competitive in the marketplace against top retailers.