the price pros intro
TRANSCRIPT
The Price Pros: An Overview
Internet sales are growing 19% per year and will reach $1 trillion by2013. In 2010 alone, U.S. sales amounted to $166 billion. Growing at apace of over 124% per year, online marketplaces (Amazon, eBay,Sears, Google and more) generated over 30% of total internet sales.
The Price Pros is poised to become the most efficient, accurate andcost effective solution for maximizing a distributor’s selling potential inonline marketplaces.
The ultimate catalyst for theonline marketplace
Over the past few years, two powerful business models have
emerged out of the internet retail sector. One is the Dropship
model and the other is the Online Marketplace. Both models
have demonstrated impressive and consistent growth within the
rapidly expanding world of internet commerce. Greater than
30% of all internet retail sales in 2010 came from online marketplaces ‐ up from 8% in 2009. At the
same time, the number of wholesale dropshippers has grown exponentially and now exceeds 16,000
in North America.
On the surface the two models are “made for each other”. Each appears positioned to significantly
fuel the other’s growth. However, joining the two models together typically results in failure. The
reason is simple: The most significant drawbacks of the dropship model are the most detrimental to
the success of the online marketplace model!
Drop‐shipping drawbacks Impacts on Online Marketplaces
No control over inventory Higher cancellation rate
No control over shipping times More late shipments
No control over data accuracy excess return rate
The Price Pros was founded with the vision to create a platform enabling
intelligent offerings of products from drop‐shippers on online marketplaces while
producing the best possible customer experience. Essentially, this means
furnishing the reseller with the ability to have an all but endless product reach
with the fastest most accurate and robust “Match, Propagate and Manage”
system. In turn, a far more valuable online‐marketplace is formed consisting of
heightened customer satisfaction and better overall shopping experience.
CAUSE EFFECT
An Introduction
Revolutionizing selling in online marketplaces
The Price Pros AquaeductusTM Platform for Online Marketplace Resellers
The Price Pros vision culminates in AquaeductusTM, a revolutionary, patent‐pending technology that fuses the power of the dropship model with that of the online marketplace. The results is a platform that mashes the two models together and offers the combined benefits to all of the stakeholders in the internet retail sector (wholesale drop‐shippers, resellers, retailers, and the online marketplaces).
More Products, Better Prices… One Familiar Roof
The dropship wholesaler provides richer product offerings at lower prices (the “buying power”), while the online marketplace offers a branded, familiar and attractive selling channel (the “selling power”). Combined, the two models continuously add resellers and products to the marketplace, increasing competition that breeds an overall better shopping experience to the customer.
How does it work?
The wholesaler/retailer simply gets plugged‐in to our system using our WDF [Wholesaler Data Feed] connector that utilizes our proprietary data matching engines to run parallel tiers of product matching cycles at the highest degree of accuracy and speed available.
The Aquaeductus platform allows the wholesaler/retailer to list these matched products on any and/or all of the online marketplaces. Complex pricing aspects such as MAP pricing, shipping overrides (i.e. LTL, UPSMI etc.), dynamic margins, and competition driven pricing, among others, are automatically managed by our real‐time, intelligent, product/price processing engines.
The critical step of prompt inventory/price updates (including multiple sources for the same product) is handled dynamically utilizing our real‐time overlapping multi source inventory manager. It adds the coveted solution of a multi‐source hierarchy for the same product. This means that the inventory/price reflected on the various online marketplaces are continuously being computed among all competing sources (for the same items) based on availability, price and custom business rules.
The data integrity is consistently maintained using our proprietary fail‐safe algorithms in conjunction with product data providers such as Cnet and Etilize. This process will decipher data from multiple feeds and even identify the end‐of‐life items, rebates, and promotional deals to produce an accurate and “low risk” presence on the marketplace. This multifunctional asset translates into gaining a significant competitive advantage across the online marketplaces (such as Amazon, eBay, Google merchant, Wal‐Mart, Sears and many more).
Unsurpassed product matching
Intelligent listing management
Powerful order management
The Price Pros AquaeductusTM Platform for Online Marketplace Resellers
The “Aquaeductus Effect” is the term The Price Pros uses to describe the competitive advantage our technology offers over other resellers. The “Effect” boosts your entry into the online marketplace and sets your sales trajectory in a positive direction.
In addition to the immediate advantages achieved with our platform, product reach and potential sales are unlocked as your partnership with The Price Pros evolves. Our industry experience, existing relationships and current standings with online marketplaces sets us apart even further.
Headquartered in Canoga Park, CA, The Price Pros was founded in late 2008 and has quickly become a leading online marketplace reseller with revenues on pace to surpass $100M in 2011.
The Price Pros’ Aquaeductus™ platform coupled with our innovative business model has established a new paradigm in online sales. It is this pioneering technology that is blazing a trail and propelling our company with a triple digit annual growth rate, thus establishing The Price Pros as a formidable force in online marketplace space.
The foundation of our company’s accomplishments stem from our proprietary technology, yet it is our obsession over customers, our endless efforts in establishing win‐win partnerships, and our relentless pursuit of innovation that makes The Price Pros successful. These qualities remain the cornerstone for our future progress and define how we will continue to expand the solutions we offer – raising the bar and setting it high above the competition.
Aquaeductus™ Effect
Aquaeductus™ Effect
Typical Reseller Limited product Reach
Lower “Buy Box” Exposure
Slower Product to Market Conversion
Unparalleled product match
Unlimited product reach
Faster product to market
Lower overhead cost
Exponential Sales Growth achieved by capitalizing on our knowledge, experience and success with Online Marketplaces
Lower Commission Rates realized with our large buying power and relationships with Online Marketplaces and vendors
Increased Competitiveness with higher “Buy Box” exposure, lower costs, and access to data/statistics/trends provided by The Price Pros