Buymystock is a revolutionary online trade platform targeting $ 7 trillion untapped Industrial market worldwide. It is UAE’s first online B2B & B2C Industrial Products trading platform that is designed specifically as a one-stop solution to meet the urgent stock requirement of Customers/Buyers as well as help to liquidate desperate merchants/suppliers’ stock.
Current Status
-Buymystock.com domain reserved
-Trademark Filed
-Company formed in the name of BUYMYSTOCK FZ LLC
-Website Development completed and is live with more than 2400 products
-Vendor registration is in process, 88 potential large industrial vendors already registered with their products live on the website
-$77K Revenue Generated till 2021 Dec.
-Rented share office in Dubai
- Product Overview - Our Portal consists of 34 Main Categories Aiming for +100,000 Products to be live.
Market - Initially Targeting the Middle east market to achieve $ 1.56 Billion i.e 2% of the current Industrial Supplies E-commerce market
- Market Target - Global
- Age / Sex- 20+ Male & Female
Problem or Opportunity
The industry has several ups and downs with slow-moving /old/new or excess inventory/ stock, which in turn becomes dead stock or scrap, leaving the merchant/supplier with huge losses to their business.
For some customers/buyers, the same stock is required on an urgent basis but they don’t have excess /information on such available stock so they end up buying products at high prices.
The problems
The major challenges that merchants and businesses dealing with inventories, either new or surplus need to get a handle on their merchandise is to ensure the following aspects:
● How their products are moving out to the market without tying up their revenue.
● Eating up their valuable warehouse or storage space.
● Utilizing unnecessary manpower.
● Picking Optimization & Efficient Product Tracking.
● Keep a close eye on Slow-moving Products/Perishable Products/ Products about to Expire.
Challenges for Customers or Buyers
● To hold or block available funds in advance booking of material.
● Fulfillment of urgent/immediate site requirements by paying high prices.
● Spending valuable time searching for products by sending an inquiry to various suppliers, waiting for quotes/ prices than making a comparison to finalize.
● Following up with the supplier on deliveries.
We can help you to reach your goals.
Solution (product or service)
Buymystock is a revolutionary online trade platform targeting the $ 7 trillion untapped Industrial market worldwide. It is UAE’s first online B2B & B2C Industrial Products trading platform that is designed specifically as a one-stop solution to meet the urgent stock requirement of Customers/Buyers as well as help to liquidate desperate merchants/suppliers’ stock.
Our portal converges millions of potential sellers, retailers,, manufacturers, and wholesalers of all sizes, set with new, excess, or old stock/ inventory to come on a single online platform, to display their products, prices, and sell their inventory which is link to our integrated logistic system. It also provides immediate access to buyers seeking to buy ready stock or excess commodities online anytime at special/ discounted prices, anywhere as a trading platform.
Buymystock mostly caters to world-renowned brands, and empowers merchants with authentic buying requests, attractive prices, and genuine opportunities for upselling their products on the platform, while buyers can source authentic, quality products securely and seamlessly. We cater to all new and old stock/ inventories in the industry.
Competitors
Competitor Analysis In MENA Region for Industrial Products
Alibaba - Market Share - 5%
Amazon - Market Share - 0.3%
Noon - Market Share - 0.0.4%
Supply Van - Market Share - 0.02%
Advantages or differentiators
Buymystock (BMS) is poised to trail close behind major e-commerce websites in the world in the next five-year forecast. Our platform boasts comprehensive categorization, guided navigations, and filterable search results, boasting a wide range of products in over 50 industry categories.
The B2B e-commerce experience that BMS delivers is premium enterprise packed with every possible feature to meet both buyers’ and sellers’ business needs.
Online portal with 34 main categories and + 100000 products of world-renowned brands on one single platform.
User access to quick, low, affordable, and quality products
Full technical and installation local support.
Bulk sales offer at lower than-cost price
After Sale Support and Services
Easy excess to Local inventories.
Hassel Free pickup and delivery
Easy and fast bulk products upload for vendors over 1000 products can go live in 10 minutes.
User-friendly portal Website on the Magento Platform
Cloud secure server
Dedicated vendor dashboard
Easy filterable search results for price, brands, category, and subcategory.
Easy and secure payment gateway solutions for users to shop online safe
Dedicated vendor dashboard, to view order status, payments, statement of account, top sold product, pricing, delivery status, and stock movements.
Quick product search in the search bar.
Easy filterable search results for price, brands, category, sub-category.
Compare option, Bulk buying option.
Same-day delivery option
Shipment tracking
Extended warranty
Finance
Sales Forecast In US $
Expected - Revenue Per Year -
2023 - $3,000,000
2024 - $9,000,000
2025 -$15,000,000
2026 - $24,000,000
2027 - $39,000,000
Gross Profit (Average 12% to 18% )
For more details please contact us
Business model
Our Business Offer
* Online B2B2C Webbase Sales
Vendors/Merchants putting their bulk/excess/Old/new stocks/goods– are our main source of income, the main segment consists of 34 categories with + 100,000 products.
We earn a commission per transaction from every merchant. Since vendors are classified into different categories, the commission earned depends between 8% and 15% on the type of products those merchants possess.
* Offline Sales Via Phone , emails & calls for Bulk sales.
* After Sales Service, installation, maintenance, and Extended warranty.
*Advertisement/ Subscription/ Storage Fee
Vendor/Merchant advertising their brands and products on our portal were charged according to our rate card based on different pages and sizes.
Merchants/ Vendors paying Subscription/ Registration/ Listing fee: A fixed rent of AED 300 per year in order to enlist their products.
Services charges
Shipment charges- A nominal amount for shipment of products to the customer's doorstep. This depends on distance, weight, and amount of gradation.
Storage Fee
Earning through storage fees from Merchant/Vendor who wish to rent storage space in our warehouses is calculated based on the required storage area and shelving period.
Money will be spent on
From 2020 till today the business’s initial investment was entirely funded by the co-founders (zero debt) with approx. AED 455K (USD 125K) cash injected. Our business valuation is US $7 Million.
The initial investment will be used for following
Marketing
• Digital& Target Marketing
• SEO & Ad Words
• Advertisement In Media & Trade Show
• Door to Door & Telemarketing
• Google shopping
Portal
• Website Maintenance
• Redevelopment
• Restructure and Designing
• IT, Server Maintenance and fees
Staff
• Recruitment of Staff , Visa, Expense & Salaries
• To build a Team of 14 members
Administration
• Ware House Cum Office
• Office Expenses
• Delivery Van
• Other Miscellaneous Expenses
Further Expansion
• ‘BUYMYSTOCK to expand to KSA and India by 2024-25
Our risk factor is almost zero as
*The products sold on our portal belong to Vendors under their ownership and warranty.
* The product is delivered by the Vendor to our store after the material is ordered by the customer.
* Product storage is maintained by the vendor
* Product after-sale service and Installation is charged and also offered by the vendor
* Detected or warranty issue is under the seller's responsibility.
Risk factor if we don't have following
*Competition from the market with direct stockists, having a Showroom and e-commerce platform
*Customers having price access can negotiate with their regular supplier.
*Credit available from local suppliers
*Third-party finance
* Reliability on the seller
*Stock fluctuation
* Lack of finance, Manpower, own storage, own delivery vehicles.
