Join the Future of E-Commerce With Buying.com

Buying.com is the first e-commerce platform that allows retailers, manufacturers, distributors and wholesalers to sell directly to consumers.

October 1, 2018 —

Buying.com is the first e-commerce platform that allows retailers, manufacturers, distributors and wholesalers to sell directly to consumers. Buying.com comes forward as a pioneer for the next generation of a Decentralized E-Commerce Platform that takes advantage of the power of the blockchain technology along with innovations in Bulk Pricing, Real-time Logistics, E-Commerce; all this by applying a cryptocurrency allowing businesses and individuals to access to products at wholesale prices. By utilizing the blockchain technology provided by Buying.com, you will gain many advantages that will enable your business to bring out all the new decentralized market efficiencies, unavailable in earlier generation platforms.

The Barriers of E-Commerce Today

As per the company spokesperson, the main barrier to electronic commerce is its nature, that is, the purchase is made remotely. Even though e-commerce is growing, a significant proportion of consumers are still not used to buying online. According to a study conducted by Digital Tendencies, “more than 5,000 Internet users said that the main barrier to buying online is that "they like to see the products before buying them." 52% also responded "fearing to receive different products" to those selected on the Internet.

The means of payment have lost importance as a barrier to buying online in recent years, but they are still a key factor. Although e-commerce purchases are made remotely, the merchant can act to minimize that barrier. First, the development of technology will provide solutions like virtual reality and augmented reality to facilitate buyers’ having a better perception of the products or services. Haptic technologies will also allow perceiving textures and temperatures through interfaces that will incorporate the sense of touch in the purchase. But while these technologies expand and get placed at the disposal of stores, much can be done to increase the confidence of potential buyers.

The Newest E-Commerce Model

The Buying.com current product consists of a B2B e-commerce platform that moves products directly from manufacturers to retail without going through the same distribution channels we know currently. A beta version of its e-commerce site is based on a technology platform developed over a two-year period.

The blockchain system of Buying.com, with the help of the drop-shipping ecosystem, serves as a platform that fuses businesses and consumers purchasing power together to achieve bulk prices. Building on top of the pre-existing business structure, Buying.com acts as an incubator for e-commerce stores while addressing a significant pain point for e-merchants: sourcing products at the best prices. Consumers want access to products directly from the source: manufacturers, wholesalers or distributors, providing the platform for direct interaction between these parties.

Manufacturers, however, prefer to deal in large order sizes, shutting off supply to all but the largest merchants. With hundreds of suppliers already in place and a rapidly growing catalog of over 2 million wholesale products, Buying.com presents an unbeatable value proposition to disrupt the $9 trillion B2B e-commerce marketplace while latching onto the B2C space.

The Profitable And Reliable Decentralized Benefits

Cash flow increase: Since online merchants do not have to stock inventory, no payment is due until products are sold.

Scalability: Products can be consumer-tested or new ones added quickly without the burden of having to order in bulk while avoiding slow-moving inventory, which ties up valuable time and capital.

Lifetime customer value: Buying.com gives manufacturers the ability to consistently expand their product selections, keeping existing customers engaged and inviting customers to return to explore new merchandise.

Cost reduction: Each time a product moves through the supply chain, there are associated costs. Ocean freight services, port operations, LTL and FTL services and warehouse employees all get added to the cost of goods sold. Some product offerings would deliver a higher profit margin if they were drop-shipped.

Virtually unlimited inventory: One key reason for the existence of the drop-shipping industry is to help retailers and suppliers combat inventory inefficiency: the $800 billion challenge of overstock clearances juxtaposed with out-of-stock shelves. By tapping into the supply chain further up the line, e-merchants can theoretically gain access to virtually limitless inventory.

Buying.com: Micro-Distribution Offers Retailers The Following Advantages:

Asset-Light: Individuals, small businesses and enterprises can now become distribution centers in this new e-commerce platform. This requires them to become stakeholders without substantial investments in infrastructure, while enjoying all the advantages of global distribution.

Leverages Unused Latent Capacity: Similar to Uber and Airbnb, Buying.com leverages potential free capacity in the form of storage space in garages.

Delivery Network: Storage of products is one half of logistics and the other half delivery. Buying.com plans to leverage drivers to join the network to deliver items. The garage operators can also play a dual role in the delivery aspect if they choose to do so. The delivery role also requires staking.

Peer to Peer, Last Mile Delivery: With micro-distribution into every neighborhood, the solution to one of the most expensive and challenging problems facing e-commerce is the cost of the last mile delivery. Amazon, due to scale, gives away free shipping by mandating an annual signup fee to Amazon Prime to underwrite the program.

Faster Build-Out Of Global Distribution Network: Unlike the build out of expensive owned and operated distribution centers which not only costs money but also takes time, since we are leveraging latent supply of unused space, our time to market is much quicker.

You can participate in the Buying.com Pre-Sale, scheduled for October 1, 2018, and get Whitelisted to receive all the information about developments, news related to e-commerce and crypto in addition to following the different launching stages.

Contact Info:
Name: Buying
Organization: Buying

For more information, please visit https://www.buying.com/

Release ID: 415368