MassGenie
| For Profit | |
| ISIN | 🆔 |
| Industry | Communities, Crowdsourcing, E-commerce, Marketplace, Millennials |
| Founded 📆 | 2016 |
| Founder 👔 | Bruce Watanabe |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
Key people | Dan DeVries (COO) Thu Truong (CTO) |
| Products 📟 | 1.5 million products from 15,000 brands |
| Members | |
Number of employees | 51–100 |
| 🌐 Website | www.massgenie.com |
| 📇 Address | |
| 📞 telephone | |
MassGenie[1] is an online marketplace site which combines the power of social media crowdsourcing and e-commerce to create crowd shopping.[2]
Buyers use crowd shopping to drive prices down by creating or joining Power Deals.[3] Power Deals are short-term, volume-based, discounted offers on everyday items. Buyers can share the Power Deals they have created or joined with their friends via email and social media platforms like Facebook, Instagram, Twitter, and Pinterest. Using the power of crowdsourcing to shop creates more demand, which raises consumers’ buying power and encourages sellers to offer lower prices.
Multiple sellers can also be involved in a Power Deal,[4] which is different than any other marketplace. By participating in Power Deals or Power Circle,[5] sellers benefit by getting the chance to move large quantities of their inventory and directly market items to buyers.
References
- ↑ "MassGenie - Crunchbase". Crunchbase. Retrieved July 2, 2018.
- ↑ "MassGenie Launches Crowd Shopping - The Newest Way to Shop". Cision PR Newswire. Retrieved June 21, 2018.
- ↑ "MassGenie - How A Power Deal Works". Retrieved July 2, 2018.
- ↑ "MassGenie Power Deals Save You Money". Honest Review for You. Retrieved July 2, 2018.
- ↑ "MassGenie Launches Power Circle". Cision PR Newswire. Retrieved July 2, 2018.
External links
This article "MassGenie" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:MassGenie. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
