IRVINE, Calif., May 1, 2017 /PRNewswire/ -- MassGenie today announced that it has launched its unique online marketplace site, which combines the power of crowdsourcing and ecommerce to create crowd shopping. MassGenie gamifies both the buyer and seller experience. It is the only marketplace where both the buyer and sellers can initiate a deal.
At MassGenie, buyers can use crowd shopping to drive prices down by creating or joining Power Deals. Power Deals are short-time, volume-based, discounted offers on everyday items. Once a buyer creates or joins a Power Deal, they can share the deal with their friends via email and social media to create more demand, which encourages sellers to offer lower prices. By helping buyers crowdsource demand, Power Deals let buyers enjoy volume pricing even when buying one or two items.
Sellers benefit from MassGenie too. Multiple sellers can be involved in a Power Deal, which is different than other marketplaces. By participating in Power Deals, sellers at MassGenie get the chance to move large quantities of their inventory and have the opportunity to directly market items to buyers.
The Power Deal is gamification, because it is unpredictable. Multiple sellers can compete to fill the demand volume by lowering their price.
"Our website has been under development for over two years," says MassGenie Founder and CEO Sean McEvoy. "We are excited to introduce this disruptive technology and change the way people shop, giving buying power back to customers. We believe that MassGenie is poised to capture a portion of the projected online consumer sales of $530 billion in 2020."
"Today we launched with a curated selection of Power Deals from a diverse group of sellers," says MassGenie COO Dan DeVries. "We are focused on growing a community of enthusiasts and influencers. In addition, over the next few months we expect to add hundreds of sellers, thousands of brands and tens of thousands of items to our selection."
MassGenie is a unique online marketplace site, which combines the power of crowdsourcing and ecommerce to create crowd shopping. MassGenie is based in Irvine, CA. Follow MassGenie on Facebook, Instagram, Twitter, LinkedIn, YouTube, and Pinterest. MassGenie was founded and is led by veterans in the ecommerce and software industries. To learn more about MassGenie, visit www.massgenie.com.
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