ShadowBid
ShadowBid takes the concept of a limit-order from equities trading markets and applies it to any online retail market. We offer our users the ability to set a bid price for any online retail product, and when the price of the product drops, we automatically execute the purchase for the user on the retail website (launching with a focus on Amazon). In time, our system will allow users to place their bids across multiple retailers. We offer our users price history charts up to one year, as well as indicate the likelihood of execution based on the bid price and duration.
Through this process, ShadowBid will collect a large amount of data on exactly how customers are valuing specific products. And that, in part, is how ShadowBid will be able to deliver tremendous value to retailers as well. This data will help retailers to understand more about consumer demand because the consumer is actually putting their money on the line and saying "at this price, I will buy", helping them better manage pricing and inventory.
Presentation from ShadowBid
