Yiswa is a dynamic shopping platform that allows consumers to set their own prices for products, which decrease incrementally over time until purchased. This model addresses the challenge of price sensitivity by enabling buyers to wait for a more favorable price while risking product availability.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional e-commerce platforms offer fixed or limited-time sale prices, often failing to cater to price-sensitive consumers who may be willing to wait for better deals. This can lead to missed sales opportunities and customer dissatisfaction when desired prices are not met.
Solution
Yiswa is a novel shopping platform that empowers consumers to dictate the price they're willing to pay for products. The platform features a dynamic pricing model where prices incrementally decrease over time. Buyers can monitor the price drops and make a purchase when the price aligns with their perceived value, introducing an element of strategic decision-making. However, waiting too long carries the risk of the product being purchased by another user, creating a balance between patience and potential loss.
Target Audience
Yiswa primarily targets price-conscious consumers who enjoy the thrill of finding deals and are willing to wait for prices to drop, balancing potential savings with the risk of missing out on a purchase.
Features
- Dynamically decreasing prices on a variety of products.
- Real-time price monitoring to track price drops.
- Limited product availability to incentivize timely purchases.
- Diverse product categories offered daily.