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Auctionopia
Location: 14615 Manor Road, Phoenix, Maryland, United States, MD, United States
Founded in: 2012
Stage: 1.0 (formal launch)
Number of employees: 6-15
Short URL: vator.co/auctionopia
Followers (175)
Testimonials

Tom and his team have a great vision and technology. Todays e-commerce world needs solutions that integrates and supports social integration and Auctionopia has found a great solution.

Auctionopia

Real-Time Social Commerce Marketplace
Startup/business
Maryland, United States United States
http://www.auctionopia.com

Auctionopia is a first of its kind direct social commerce marketplace. We're excited to offer our next generation embedded instant messenger technology that allows retailers to negotiate shipping & price points with potential customers, promote to their fans, and close deals live, all within our proprietary chat interface (OpiaTalk).

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Company description

Auctionopia is a first of its kind direct social commerce marketplace. We're excited to offer our next generation embedded instant messenger technology that allows retailers to negotiate shipping & price points with potential customers, promote to their fans, and close deals live, all within our proprietary chat interface (OpiaTalk).

 



Team
Business model

Problem: Shopping cart abandonment, lack of real-time interaction with eCommerce retailers, and inability to monetize social networks. 

Solution: Social commerce technology specifically developed to more deeply engage social networks provide an unparalleled level of live-engagement for online buyers & retailers. 

 

Auctionopia is a first of its kind direct social commerce marketplace. We're excited to offer our next generation embedded instant messenger technology that allows buyers & sellers to communicate in real-time, negotiate, and close deals, all within our proprietary chat interface (OpiaTalk).

Auctionopia has a three phase process as we secure additional retailers on our marketplace:

 

1) Three to six month trial with a negotiable back-end fee for specific big box retailers. We want them utilizing our service and seeing the immediate impact & ROI of OpiaTalk.

 

2) Isolated integration of OpiaTalk technology on a segment of a retailer's eCommerce website. For example, our technology would only be shown on their "men's pants" category.

 

3) Full integration of OpiaTalk on retailer's eCommerce website.

 

Competitive advantage

Our proprietary, licensable, instant messaging platform (OpiaTalk) allows retailers & sellers to negotiate price points, update shipping, and leverages the real-time engagement of social media fans to facilitate group buying.

OpiaTalk Promo Deck:

 

The Auctionopia marketplace itself charges 5% of sales. Our competitors charge between 7-15%. With our competitive pricing along with an unparalleled social platform, our model serves as an appealing distribution outlet for a variety of buyers & sellers.