Wristband Payment System

A reimagined flea market experience using a wristband payment system inspired by Indonesian food courts, turning thrift shopping into a social event.

Core Concept:

  • Transform traditional flea markets into a more engaging, social experience using a wristband payment system
  • Customers scan wristbands to collect items throughout the market and pay once at the end
  • Create a "ticket" system where customers commit upfront to finding a certain number of items

Key Features:

  • Wristband Payment System:

    • Customers receive a wristband upon entry
    • Tap wristband at each vendor to collect items
    • Pay for everything at the end when exiting
    • Removes friction of multiple payment transactions
  • Ticket-Based Shopping Experience:

    • Customers purchase a set number of "tickets" upfront
    • Creates commitment to find items rather than hesitating at each purchase
    • Can always purchase more tickets as needed
  • Social Experience Elements:

    • Before and after photos showing transformation with new vintage finds
    • DJ and party atmosphere similar to El Fargo's Marketplace
    • Turn shopping into a group activity like Spartan Race or Tough Mudder

Target Market:

  • Young people who are increasingly interested in vintage clothing
  • Fashion-conscious consumers looking for unique items
  • Groups of friends seeking social shopping experiences

Business Potential:

  • Flea markets are recession-proof businesses
  • Hard to disrupt once established
  • Highly fragmented industry with roll-up opportunity
  • Could partner with fashion influencers who need income streams
14:54 - 16:56
Full video: 52:37
SP

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.

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