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Local bidding Platform( LBP)

Its a intuitive local digital platform for competitive bidding of the products a win win win for business, consumers and transporters

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Quite simply LBP merges the features of ebay and Fedex in an intuitive way for promoting local businesses.The platform serves two key functionalities

A) LBP allows users to post a specific requirement on the website.(product/service).Registered businesses get a notification of this requirement. Based on the availability of the product  they quote a price. At the end of stipulated time, the lowest quote wins. Consumers get a get bargain.

A further extension of the feature would be that the businesses can give additional offer like quote plus accessories or low price for accepting a delayed delivery (that allows them to source from other partner store farway )or combo offers.Consumer gets a chance to select and pick any of these offers and close the deal.This allows the businesses to offer a better deal, leverage and get rid of any excess related inventory they may have .

B) LBP alows allows local businesses to post niche products /high demand products on the platform and get a good deal from the consumers.


What is the need are you focusing on?

The idea is to develop and deploy Smart local business systems and enhance the businesses of the people for the people and by the people.

Which type of submission are you sharing?

  • Sharing a pivot idea your organization is considering or could consider

Describe the business pivot or adaptation in 3-4 sentences.

The idea is to develop a Local bidding platform that connects consumers and businesses and integrates with logistics as well

Do you plan to implement this solution?

  • Yes

Describe the impact that this solution will create in the world.

I believe that LBP will augument the business in local communities in ways not imagined before.It helps consumers get a good bargain for a given product and businesses to get premium price for niche products. This platform can help keep business local, prevent wastage of perishable goods. In addition this platform allows the business owners and consumers to avail the services of local transporters who can pick up the goods from businesses and deliver to the consumers. Since its a integrated platform for the locality, the transporter can plan the smart delivery of the products based on the feature enabled in this intuitive app.This ensures faster delivery, lower carbon foot print and importantly lower price. A win win win for all.

What is the name of your business or organization?

Incorporation of my firm Revnature Pvr ltd is on cards

What does your business/company do? Whose needs does your business/company address? Who do you serve?

planning to start up a firm

What is your profession?

Free lancer

Where are you located (country)?

India

Where are you located (region)?

  • Southern Asia

What industry is your business/company in?

  • free lancer

What kind of stakeholders and partnerships are needed to pursue this solution?

  • Stakeholders/Partnerships- Private Sector

Do you need help building partnerships and finding partners?

  • Yes

If Yes to the above, please share 1-2 sentences describing the specific help you desire.

To help develop and market the product

What do you think are the main barriers to implementing this solution?

conventional ebay like platforms. But this idea is geared for businesses and people in a locality

If you are currently working on a pivot, what have you learned so far?

A good collaboration is the key to develop and implement the idea

Are you aware of any open source efforts, hackathons or other collaborative efforts related to your solution? Are you participating in these efforts?

Not to my knowledge

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