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QuickOffer

MercadoLibre without commissions and communication barriers

Venezuela
Market: Services, Mobile applications
Stage of the project: Operating business

Date of last change: 09.01.2023
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Idea

QuickOffer is a simple way to sell the clutter in your life and find great deals to save money! Post something for sale in 30 seconds and buy what you need in a chat.

Current Status

- Product stage: Full launch

- Current traction (November):
Downloads: 2,102
Active users: 1,721
Paid users: 4
Articles posted: 1,166
Matches: 14

Market

Our market projection expands throughout Latin America:
- Our B2C model, which refers to households, has a total market of 16.5 billion dollars, coming from around 170M households in all latin-america and with a user average ticket of $100 annually in preloved products that could be sold.
- For the B2B model, we have a market size of 15.5 billion dollars, in reference to around 13M SMEs in all latin-american with an average ticket of $100 per month in products.

Problem or Opportunity

Our focus is to give our users the tools to solve problems- whether it’s decluttering or earning side income- there are possibilities for everyone. We believe that technology is an enabler to solve meaningful problems at scale. We are crafting the most seamless user experience for people to sell what they don’t need and find what they need.

Solution (product or service)

QuickOffer allows customers to:

● Generate a new and unexpected source of income - you can sell your “preloved products”, all what you don't use anymore, anywhere, anytime.
● Upload products in 30 seconds or less, being 75% faster than our competitors.
● For SMEs: QuickOffer allows bulk uploads of articles with no limitation.
● Instant customer support experience in native language.
● Immediate connection between users
● And last but not least NO sales COMMISSION.

Competitors

MercadoLibre
OLX
Encuentra24

Advantages or differentiators

Our main Unfair advantages from our competitors in the region are:
No commissions
No communication barriers between buyer/seller

Finance

As a current income model we have implemented 3 sources of revenue:
- Subscription, with 2 offers:
• For free: allowing product upload of up to 100 free items per user.
• And our Premium subscription: With 3 plan options (7 days, up to 200 items for 1,99; 30 days, up to 400 items for 3.99 and 90 days up to 2000 items for 6,99) which we believe are very competitive prices, our premium subscription also give a better product positioning, it verifies your profile, allows you to upload videos, among others.
- Advertising banners: For businesses or users who wish to promote themselves on our applications and website.
- QuickTokens: Which is a prepayment option for future services such as promoting your products highlighted by zone, city or the entire country for more visibility.

Business model

As a current income model we have implemented 3 sources of revenue:
- Subscription, with 2 offers:
• For free: allowing product upload of up to 100 free items per user.
• And our Premium subscription: With 3 plan options which we believe are very competitive prices, our premium subscription also give a better product positioning, it verifies your profile, allows you to upload videos, among others.
- Advertising banners
- QuickTokens: Which is a prepayment option for future services such as promoting your products highlighted by zone, city or the entire country for more visibility.

Money will be spent on

50% Marketing
40% Development improvements
10% Phase 2 launch (expansion)

Team or Management

Incubation/Acceleration programs accomplishment

HubBOG, Colombia
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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
Product Video
Presentation