THE MODEL: An
application for online retailers to track their competitors’ prices and stock availabilities
regularly. The application can be integrated easily and is update frequently
(every 3 hours). A customer is given a dashboard which collects and reports the
information in a neat and easy to use interface.
STARTUP: Prisync
(Turkish startup)
WHAT I LIKE
Core Idea – Tracking
price and stock levels of competitors helps businesses take better decisions, resulting
in higher margins.
Freemium Model –
The startup has 3 pricing plans and offers users to try out the service for
free before making a purchase. Also the 3 plans are priced to suit small
businesses as well as larger ones.
CONCERNS
Competition – The market has low barriers to entry and the
startup has to focus on it’s core offering of providing the best reports on
competition to cement it’s place.
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