Photo - BARTERIER LLC
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BARTERIER LLC

Web-site and application of online trade/exchange platform

Armenia
Market: Internet and IT, Trade, Another
Stage of the project: Prototype or product is ready

Date of last change: 11.11.2019
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Idea

BARTERIER is a new innovative online platform where people find each other to exchange their items or bid for the demanded product or service. Our mission is to connect people for the mutually beneficial exchange of things of absolutely any format.

Our goal is to give people an opportunity to find a thing they need and get hold of it by giving another thing in return (in some cases with additional payment fr om one of the interested Parties). As an option, the interested party can also offer money to the other Party by bidding, it can be done wh ere there is no item to be exchanged.

Current Status

Currently we have developed our web-site and the application is in process. We need investments for finish the development of the application, project promotion and logistics issues for Armenian and Russian markets.

Market

Our target audience has no limits. Our audience is any internet user of different gender and age or any person with a smartphone where our platform can be used by downloading the application for free. As far as BARTERIER connects different people with any kind of demand, there is no limits in the target audience, because the online platform lets people to register their ads of goods or services by themselves and at the same time the other people find whatever they need and make request offer to make a deal.

In the long term, when BARTERIER has users from different countries around the world, we will offer to our customers the service of transporting things under the responsibility and guarantee of our company. This service can be organized by us in cooperation with such international companies as DHL, FEDEX, UPS national post services etc. In the local markets we will offer the delivery as well.

Problem or Opportunity

BARTERIER is going to be the only platform which will give people an opportunity to become the owner of the necessary things without spending money on it. Moreover, it is an opportunity to find a consumer for a new/used product that you do not need and receive in return exactly what you were going to buy. Thus, our web-site will allow people to have a double benefit in one operation, getting rid of unnecessary and get the necessary.


Solution (product or service)

Our short-term goal is to attract as much people as possible in Armenian market. The main benchmark of our success will be the indicator of a progress in the quantity of registered people in our web-site and application and how many of them conducted a successful operation among themselves. In the long term, we see the successful implementation of the exchange of things between people, not only in Armenia but also internationally.

Competitors

In the global markets there is no similar services as a platform, where people have opportunity to exchange goods between each other in different international markets.

Advantages or differentiators

- Innovative idea
- No competitors around the world
- Good opportunity for a people to get rid of unnecessary thing and get the necessary one without spending money
- Can be dealt globally as no specific boundary is required
- Saves time and transportation.
- No need to go anywhere physically
- It can be used anywhere any time as there is no time constrains
- There is a huge potential to develop the business and become one of the huge transnational corporations in the world
-Cost effective
- Simple and easy exchange of information

Finance

The web-site is going to get profit from the payments by its users who buys the promotion of his/her advertisments on the web-site. We have developed 3 models of ad promotions for our users, which currently can be seen on our web-site.

Business model

Our main philosophy is to create an innovative online platform beginning from Armenian market, which will allow people to get the things they need without spending money. In a long-term vision, we consider BARTERIER to become big multinational exchange platform by connecting people from around the world.

Money will be spent on

To make last payments for application development, marketing campaign, development of international and domestic logistics.

Offer for investor

We are ready to offer shares of our company to get investments and become a partners with investor on long term basis.

Risks

- Security of the payment process
- Fraud
- Limited number of products can be available
- Cannot see or touch things live while choosing for exchange
- May take long time to deliver exchanged things (if international)
- Despite the absence of competitors, after the start of the web-site activity, competition may appear around the world
- Changes in law and regulation for e-commerce in Armenia and worldwide
- Information can be misused lead to spam e-mail or identity fraud

Invention/Patent

We have registered our trade mark for Russian, Armenian and Indian markets in World Intellectual Property Organization (Geneva, Switzerland)

Photos

Photo 1 - Web-site and application of online trade/exchange platform
Photo 2 - Web-site and application of online trade/exchange platform
Photo 3 - Web-site and application of online trade/exchange platform
Photo 4 - Web-site and application of online trade/exchange platform
Photo 5 - Web-site and application of online trade/exchange platform
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
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