Sharing Economy in Business field – How to take advantage of sharing economy ?
Distribution according to need is the core of sharing economy, it not only allocating resources rationally, but also controlling risk to some degrees.
Focusing on demand information, eliminating inventory and risk by manufacturing based on demand, which can be regarded as the best way to use sharing economy in business field. Collect global demand information and consolidate orders worldwide, then purchase material together and start large-scale producing, improving material utilization and reducing costs.
Former sellers “selling products” to sharing economy is the first to mention the needs of the buyer.
Used to be the first large-scale production and then sales, then now is the first sale of large-scale production.
Former boss decided what to produce, what procurement, sales what ? Sharing economy is market to determine what design and production ?
Every corporation pre-sales and starts manufacturing after getting orders.
Demand to Manufacturing!
Now, in a wide range of structures including individuals, corporations and governments, there is excess spare capacity in goods and services that can be reused. Like reuse the spare producing capacity in factories. When buyers who do not compete with each other and from different countries gather orders together, then complete large-scale manufacturing; when market feedback information is urgently needed for new product design; when sharing local products and selling, distributing them to different areas and countries,under such circumstances, the resource and capacity can be utilized more efficiently.
Specifically, sharing economy may be embodied as the following methods:
Pre-sale: manufacturing based on selling then avoid inventory risk.
Crowdfunding or crowdsourcing on products in B2B market: many buyers from different countries place order for same product at the same time, then use order-gathering, order-consolidating and order-following to realize large-scale manufacturing and decrease producing cost.
Crowdfunding on new design in B2B market: pre-sale and crowdfunding new products in the stage of design, make mold only after getting orders. If no orders, then end it and don’t do further development or test, which will decrease trial-and-error cost.
As importers, wholesalers, distributors, manufacturers of various countries the most difficult is to predict market demand. We collect, analyze market information, Employs design talents and sales talent, with high salary, these all for a purpose: The product purchased, designed or manufactured by the company can sell well. If fail to sell, the original invest to product design, mold investment, product purchasing inputs, storehouse and transportation invest would finally become deficit.
Yes, with Buyerparty it is possible. BuyerParty’s network D2M (Demand to Manufacturing) zero cost provided by internet marketing tools.
Buyerparty is a social and business oriented platform, solution to worldwide buyers and sellers, use order-combining, order-gathering and order-consolidating to realize large-scale production then reduce cost and save resource.
We are always on-line for the long-distance cooperative, efficient sharing of information and timeliness dissemination, scale gathering of force, combined with the crowdsourcing and crowdfunding function.
So, every merchant can do his own pre-order or pre-sale, for large-scale low-cost production and distribution.
On Buyerparty website every one can find something suitable for him. If you are manufacturer the New Products section is for you. There is Crowdfunding Projects Initiated by the Buyers section for importers, wholesalers. Designers and engineers welcome to our Industrial Design section. Also Buyerparty has especially Private Spaces Crowdfunding section for old customers of small range private products for the crowdfunding.
We have no limit to geographical position, merchants from all over the world can use Buyerparty website, to sell unique products around the world.
You can also define the market for a particular region or country, for selling and distribution in one city. These areas can be set at the time of posing products; it is need to be written clearly making it to know for participants.
Also, for the maintaining the exclusive right to operate and protect your products in some areas of the market, you can set certain countries already have sole agent of the product, so it cannot sell this product again. Our website has this function.
If you do not want your old customers participate in other’s products crowdfunding, you can use Private Spaces Crowdfunding. Everything in this section are private. Only when you send the product link and password to the person you want to invite the other party can see the product.
In all, Buyerparty is tool type website which has been especially designed for businessmen from all over the world in the age of the internet; different roles have different tools to match.
All these foresaid functions can let you “foretell the future”, Let you first sell than purchase; Let you gather small quantity orders, and then cut cost through large-scale production; make your product even in the design and concept phase can begin selling and testing the market.
In the era of internet using Internet technology and tools to avoid unpredictable market risks, this can greatly reduce the cost of each company, once more make a contribution to improve Business major areas for whole humanity. Increase efficiency and save resources for the more prosperous of the future generations.
Service fee and commission on Buyerparty
(1) Fee on Private Spaces Crowdfunding section: 0 fee and add 0% markup on price
Selling products on Private Spaces Crowdfunding is free. BuyerParty system do not add any markup on price.
In the Private Space Crowdfunding, sponsors are allowed to post products by themselves and set their own payment methods. Buyerparty will do not any verification on products.
Besides, sponsors set password or code for every private crowdfunding product; Others must use the password or code to access to the products.
Buyerparty will not do any verification on the suppliers who posted products on private spaces crowdfunding, and do not guarantee transaction security and product quality. This section is totally private and buyerparty do not charge any fees on it.
(2) Fee on Crowdfunding Project Initiated by the Buyers section: 0 fee and add 5% markup on price.
Buyerparty will automatically add an additionally 5% markup on each price as a service fee on the products posted on this section.
This section is mainly designed for worldwide importers, wholesalers and distributors. The added price on this section is 2% less than the ones on the New Products and Industrial Design fields for encouraging importers, wholesalers and distributors with high value products to share their products and do B2B crowdfunding on buyerparty.
Buyerparty will do strict verification on the products posted on this section. Additionally, Buyerparty will do supplier verification (supplier qualification and their production capabilities) after B2B crowdfunding succeed. Besides, after finishing producing, buyerparty will ask professional third-party inspection company or buyerparty quality control team to do quality inspection to ensure the performance of products. Buyerparty is in charge of negotiating return or exchange products and compensation issues if buyers find any quality problem.
To ensure transaction safe and guarantee product quality, buyers settle payment to buyerparty. Buyerparty will pay 10-30% deposit to sponsors only when they pass verification, the 70%-50% will be paid after inspection finished, the 20% balance will be paid if buyers receive products and confirm the quality by commenting on the product page. (No comment after receiving products within two weeks, the quality will be regarded as no problem)
For ensuring transaction security and fair, we do payment control and quality supervision during the transaction. All we do this is to make your business simpler, safer and more efficient.
(3) Fee on New Products and Industrial Design section: 0 fee and add 7% markup on price.
Buyerparty will automatically add an additionally 7% to top of each price as a service fee on the products posted on two section.
Buyerparty will do strict verification on the products posted on the two fields. Additionally, Buyerparty will do supplier verification (supplier qualification and their production capabilities) after crowdfunding succeed. Besides, after finishing producing, buyerparty will ask professional third-party inspection company or buyerparty quality control team to do quality inspection to ensure the performance of products. Buyerparty will be in charge of negotiating return or exchange products and compensation issues if buyers find any quality problem.
To ensure transaction safe and guarantee product quality, buyers settle payment to buyerparty. Buyerparty will pay 10-30% deposit to sponsors only when they pass verification, the 70%-50% will be paid after inspection finished, the 20% balance will be paid if buyers receive products and confirm the quality by commenting on the product page. (No comment after receiving products within two weeks, the quality will be regarded as good)
For ensuring transaction security and fair, we do payment control and quality supervision during the transaction. All we do this is to make your business simpler, safer and more efficient.
Commission from Buyerparty
We encourage everyone to introduce buyerparty to more business man, so we launch a Worldwide Partner Project or WPP for short.
Any member who refers other buyers or suppliers to BuyerParty.com platform will enjoy 5‰ of theirs transaction as commission in the following three years. For more details, please check WWP projects on FAQ page on buyerparty.
Next, we will introduce buyerparty’s advantage, including the advantage of selling and buying on buyerparty.
The advantage of selling on Buyerparty
1) The mode of D2M reduces stock and risk through producing after selling.
2) Crowdfunding and Crowdsourcing function enables sellers to distribute their products in small quantity, also allows buyers to purchase products in small quantity and do not need to worry about the problem of high MOQ.
3) Integrated with Social Medias and get more followers.
Users can connect buyerparty with their social Medias so other users are able to find more information on global buyers and sellers. Besides, with the followers, the new product information will display directly to them.
4) Do market research
The system of comment, share and follow products enables sponsor to get market feedback information easily. Besides, provide statistics support for analyzing popularity of products then optimizing products.
Buyerparty encourage sponsors to display their company information, personal information and brand introduce on the website to providing brand support.
6) Sell worldwide
Buyerparty is a worldwide platform. Global businessmen sell products to all over the world on buyerparty.
7) Share through social medias
Social medial marketing prevailing in the era of mobile internet, it is the most popular marketing way. Every product page equip more than one hundred worldwide social media sharing buttons, including Facebook, Linkedin, google+, pinterest, twitter etc. The product will be easily to be shared on global social media platform once they are posted on buyerparty then get much attention.
Once the product is shared on social medial platform or commented, followed, ordered, the product rank NO.1, namely, the products will display on the No.1 position of home page of buyerparty.
8) BuyerParty’s zero-selling cost and low-fare model allows the sponsors to do global crowdfunding and marketing without any fees.
9) Looking to the future business model, manufacturing on demand and sharing economy are to be trends. The D2M model of BuyerParty will become a future tendency.
10) Every transaction on BuyerParty will be recorded and to be a reputation accumulation. The reputation accumulation will be regarded best long-term endorsement for users.
11) You are able to use any language to post products in Private Space Crowdfunding, it will be convenient for you to do localized marketing.
12) Getting order via the ” Order Aggregation ” mode. Everyone is able to execute the mode and crowdfunding successfully.
Let me take an example to illustrate this mode:
Company A has five distributors( B、C、D、E、F) or regard A as a big wholesaler, B、C、D、E、F are small wholesalers.
A set the wholesale price USD100 to B、C、D、E、F. When B、C、D、E、F set the wholesale price USD120 to their customers, they get 20% profit.
About the MOQ for production is 1000pcs, so when A post the product on buyerparty, the price can be set USD120 (add 20% price), MOQ for each buyer can be 200pcs, the MOQ for whole project can be 1000pcs. Then A could send the product link to BCDEF and let them to share the products to their customers and to consolidate or gather orders from BCDEF’s customers. By this way, BCDEF need to get only 200pcs orders and this product crowdfunding will be successful.
The tip to encourage BCDEF to share products
In this case, the sponsor A had better keep his or her contact information private, namely, do not show the contact information on the product page, otherwise, BCDEF will not share the product to their own customers.
The advantage of buying on Buyerparty
1) Save cost
Buyers get big order price when they purchase small quantity products with B2B crowdfunding function, which save purchasing cost.
2) Search by multiple value enable buyers to refine search and get targeted products quickly
Not only users are able to search by keywords, but by multiple values (including type, category and country), which enables users to search precisely.
Besides, users can do further precise search with “Most ordered”, “launch date ““Ending date” “completed project” and price filter setting.
Search by multiple values setting greatly facilitates the user to do custom search and quick get targeted products in the massive products.
3) Environmental protection and resource conservation
The massive production is highly efficient and cost-effective. Purchasing in small quantity helps buyers to reduce stock and risk.
The mode of combining massive production with purchasing in small quantity saves cost for every company and improves the efficiency of resource for the society.
4) Consolidate orders and save logistic fee
Buyerparty will help buyers to consolidate or gather their goods together and sent to destination during the delivery process, even the several products comes from different regions, which save logistic cost for purchasers.
5) Trade Guarantee
As a third-party platform, buyerparty ensure payment security. Each payment needs to be deal through buyerparty when doing transaction. The seller must provide promised goods and the buyer must pay timely.
6) Quality Security
We take three strategies to control quality. Firstly, we will ask profession audit to do inspection on suppliers’ production ability and their qualification after crowdfunding succeed. Secondly, the quality control team will be asked to check product quality to meet buyers’ requirement after production completed. Thirdly, buyerparty will do after-sales service based on buyers’ comments or feedback.
7) Get market trend analysis
Users are able to find hot sale product and analyze market trend with crowdfunding statistic on buyerparty.
8) Social media function
Users are able to friend professional buyers and sellers if they connected to buyerparty. Additionally, get other buyers’ feedback via checking comments on product page.
9) Every transaction on BuyerParty will be recorded and to be a reputation accumulation. The reputation accumulation will be regarded best long-term endorsement for users.
Social Media Function on BuyerParty
The massive brilliant designs created in the multiculturalism world. Businessman plays an important role in the international trade and cultural exchange. Buyerparty offers a platform for worldwide businessman to make friends with professionals from different industries, get good products information and realize purchasing global products and distribute product all over the world. Every businessman is capable to make global friends and do worldwide business, accomplishing information and resource integration.
On BuyerParty, we encourage mutual following and interaction among users and making friends with global businessman. Worldwide businessman, designers, makers, buyers and sellers are able to connect with each, then do cooperation and to be intimate friends.
Every registered user is able to post his or her own photos or brand photos as profile photo. The profile photo will display when commenting or posting products.
“Follow” your liked products. When the order quantity and price of a project changes, you will receive notification on it after you following products. It is easy to keep track with the status of the products.
Go to Seller’s homepage and click FOLLOW if you interested in seller. You will get sellers’ status, including his or her new posted products, changed profile photo and comments.
When you found some comments attracting, click the commenters’ profile photo and go to their homepage, check their information or follow them.
If you are a seller and get many followers on BuyerParty, your products exposure is pretty huge and your crowdfunding products is more easily to be success since when you post products on BuyerParty, your followers will be notified and see your products.
Different from the other platform that social and business are always separated, on BuyerParty, business is another way of social, social improves business, work, interests and friendship. Here, there is no any contradiction between business and social, they have a good effect on each other.
Next, talk about how to operate on website:
1. Register an account on Buyerparty.com
2. After a registering, return to the home page, click Start button and. Post product according to the steps of system settings
3. At the time of selecting products to download please pay attention on below issues:
If you are a manufacturer, it is recommended to post your products in the New Product Section. In this section, buyers can find variety of the latest new products.
If you are a designer, Industrial Design section waiting for your products.
Importers, wholesalers, distributors should choose the type of Crowdfunding Projects Initiated by the Buyers to post their products. Because the product recommended by buyers generally has higher values. From the manufacturer’s point of view, provide a functional product is easy, but the choice of color and design for local sales packaging is difficult. When importers, wholesalers and distributors as crowdfunding project sponsors, they will design a more MERCHANTABILITY product packaging, is embodiment of added value. With an unique vision to select trend products, and recommend for crowdfunding, is the embodiment of added value; or post hot sale product on local area and recommend to the buyers from different countries to do crowdfunding is also embodiment of added value.
4. We recommend each company or individual do not post only one product. After all, BuyerParty is very professional business platform. For the large scale companies to post from ten to fifty kinds of product is reasonable. It is recommended to post series products. First of all it is for in order to make your product more easy to find; second to show your company’s specialization and scale in such product areas; third moving from quantity to quality, with large quantities there will be a very high probability of successes; and finally, even the uploaded product passed the crowdfunding period, if there are buyers who like product he can at any time re-initiate crowdfunding.
In the creating product page, if you complete Company presentations and brand presentation with pictures and text publishing, it will ensure its important role in promotion and advertising.
5. On Buyerparty as long as the product is shared to social media, commented, Followed, or ordered, then the product will be ranked on the first page.
So, you should often open the page to share your product to media networking, it will not only make you product be ranked on website front page, but also through the media, can bring more customers to visit your product, leave a comment ,follow you or forward. All of these will make your product to get on the top.
The higher activity of product page, the more probability of crowdfunding succeeded.
Our original intention and dream—Save resource and reduce cost
The asymmetric information problem of manufacturer and buyer in design and production caused overstock and resource wastes. The disorder of global production, vicious competition in the market and inaccurate judgment of market information make situation worse. The situation means that wasting material and labor power.
Is there a way which to better docking manufacturer with buyer, and make buyers worldwide close to each other, which make production organization more reasonable, systematic and orderly through integration of information as well as improve efficiency of buyer work, lower costs and save resources? BuyerParty is coming for these.
Buyerparty offers the best business opportunity and creates wonderful purchasing time through connecting each process in business.
New Products: Gather Orders, Cut Cost
In most case, the production quantity of products is inversely proportional to the costs of products. It is common that the less quantity of buyers’ order the higher cost. Manufacturers even force to give up a good product due to the order quantity can’t meet the minimum quantity.
Manufacturers and buyers have suffered the loss of orders. If we gather more buyers to increase the order, then cost reduce, so we has been a win-win situation for buyers and sellers. This is the mainly aim for New Products function of our website.
Industrial Design—Start Production if Buyers Interested in Them
Most products have never been sold since the mold made. New product turns into inventory slowly. There is too much of this situation. It is amazing to sum the wasted resources up by such failure case. Why don’t we start from beginning to solve this problem?
In order to learn if the product suitable for market and accept by buyer, we provide reservation from design stage. If we get many preorders, the design will develop to real product. If not, we end here. At the most extent, it is a good way to reduce cost and save resources of whole society. The function of Industrial Design is aimed at this situation. To raise order starting from Industrial Design.
Follow My Order—A Win-win Situation for Buyers and Manufactures
Sometimes the buyer has a ready-made order with less quantity and high cost. And yet they’re being promised by factory, if the quantity increased, the price will down. But as long as you share your order information and receive additional order by other buyers, a miracle will occur. It is possible that you get a best price until the enough quantity of order. This is the function of FollowMyOrder.
Meanwhile, you can set up some areas of buyers who maybe you competitors have no right to follow order. It avoids involving in a vicious competition within the same market.
FollowMyOrder can also be initiated by the factory. The buyer of small quantity order has the same discount as the big order buyer when factory has a big order in production. Quantity may increase several times. So why don’t release the order information to let small buyer follow! Follow my order is exactly suitable for factory.
All-win to Businessmen
This website specializes to serve buyers. Best purchasing time in here! Order gathering, cost down, and then everyone will win.
Besides, buyers get a lot of information here, such as: new product, new price, purchasing trend, market trend.
Come on, join us. Here is BuyerParty! All-win to Businessmen.
Buyerparty is a social-oriented business tool, has same positioning with facebook, twitter. It is specifically for businessman, using internet to accomplish D2M and improve efficiency.
Summarily, buyerparty is a social and business oriented platform, mainly solving buyers and sellers’ problem, use order-combining, order-gathering and order-consolidating to realize large-scale production then reduce cost and save resource.