Culp: Pricewaiter has processed approximately 100,000 orders
Stephen Culp · 1514 They Gamify Price Negotiations for Consumers, $100m in Sales, They Take 2-6% · Sep 16, 2019 · at 17:03
Stephen Culp, founder of Pricewaiter, discusses the quantitative scale and order volume of the e-commerce price negotiation platform.
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“We've had about a 100,000 orders go through”
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More from Stephen Culp
Stephen Culp argues blanket retail sales leave significant profit margins behind
“Versus let's just say a Black Friday sale or a clearance page where they're generally just guessing a discount level that then applies to all all of the products they're selling for that level. And they're probably leaving margin on the table.”
PriceWaiter commissions undercut traditional paid advertising or affiliate fees
“Almost in every case, it's going to be better than what they would have paid had they paid for ads or then some sort of affiliate arrangement or whatever.”
Retailers report PriceWaiter drives incremental revenue without cannibalizing existing sales
“It turned out that the revenue that retailers were earning through the SAS product They themselves classified as accretive or incremental revenue, meaning not cannibalizing their existing sales on top of their existing sales.”
PriceWaiter secures incremental sales at smaller discounts than merchants typically expect
“The retailer gets a sale they wouldn't have had before, most of the time at a discount less than they would have been willing to offer.”