Brand-Specific Resale Platforms
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A platform called Treat.co that enables brands to host their own secondary marketplaces directly on their Shopify stores, legitimizing and monetizing the resale of their products.
Key Points:
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Problem Being Solved:
- Currently, secondary markets exist in fragmented Facebook "Buy Sell Trade" (BST) groups
- Manual process involving PayPal invoices, shipping coordination, and trust issues
- Brands don't benefit from secondary market sales
- Customer service issues from unofficial resale channels
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Solution:
- Adds a resale tab/page directly within brand's existing store
- Integrated payment processing through normal channels
- Brands get a percentage cut of secondary sales
- Maintains brand control and trust in the resale process
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Benefits:
- For Brands:
- New revenue stream from secondary market sales
- Controls and legitimizes resale process
- Reduces customer service headaches
- For Customers:
- Higher trust than random Facebook groups
- Streamlined buying/selling process
- Official channel backed by the brand
- Easier to recoup value from purchases
- For Brands:
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Business Model:
- Circular commerce approach: items can be resold multiple times
- Brands set their own percentage cut of secondary sales
- Integrates with existing Shopify stores
48:03 - 52:06
Full video: 01:18:56SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.