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I don't know anything about inventory management but the idea of a free inventory management product is kind of interesting. What if you made it free, how could
by joseph_cooney 13y ago
I don't know anything about inventory management but the idea of a free inventory management product is kind of interesting. What if you made it free, how could you make money off it? Would suppliers be able to bid for ads, so that when it came time to re-order their deals were shown preferentially? Who would find the information about the inventory of hundreds of small businesses commercially useful, and who would be willing to pay for that?
- craigvn 13y agoThat is a interesting plan, it will require a few things though. Firstly you need a lot of clients to make it worth their while. Secondly you need the business ability to negotiate with medium to large companies.
- joseph_cooney 13y agoAgree, it isn't without issues. But if you've built the app and there are lots of people wanting a free solution then that is two out of three (with the third, and only, missing piece the people willing to pay...which is kind of where he is now). Still, at scale this would give you a lot of interesting data I'm sure you could make money off of somehow - e.g. shorting P&G because you can see their orders are down 20% or something like that.