getitAI builds autonomous AI Sellers who get revenue for brands online, enabling buyers to engage brands in a zoom-like video setting accelerating their path-to-purchase in return for a commission.
Current Status
Since our presentation at the World Economic Forum in Davos in January, and more recently with our presence at Shoptalk in Las Vegas, we have received overwhelming interest in our beta program. So far, 6 brands, together generating over $85M in annual revenue, have committed to paying us a total of $70K for setup and early access, plus a 6% commission on sales we generate for them. Based on user tests, we foresee an initial 5% of revenue generated by getitAI’s AI Sales Agents, generating $250K annual revenue with these customers alone.
Problem or Opportunity
Solving the conversion problem in the online selling space. For example, in commerce 97% of buyers don't convert!
Solution (product or service)
To solve this, we install digital human sellers into online spaces and thereby deliver upon Picassos vision:
I do not seek, I find
After two decades of leaving online buyers to themselves to search for things, getitAIs AI sales agents now guide customers along their path-to-purchase in a zoom-like, video avatar setting. Those digital humans find what you are looking for and solve conversion through conversation.
In turn, we become The Autonomous Revenue company that owns the customer relationship for thousands of brands with hundreds of millions of customers.
Business model
At getitAI our commission-based model aligns our goals with those of our brand partners by design. What we call our success fee is comprised of a 3% base fee plus a performance fee, which is determined automatically for every transaction to be the average 3 month conversion rate of the brand. By this success fee, we position ourselves as a large-scale sales representative operating across our customers’ online stores, generating revenue autonomously.
