Startup Idea: Predictive Software for optimal selling times
I work in Refurbished eCommerce. I sell computer parts on the website ebay.com.
Part of the problem is trying to make enough profit to cover the costs of eBay and Paypal fees. A big pain point for me is the fluctuation in prices over time.
For example I bought a monitor two years ago that is selling for the same price today after it had dipped to $50 for a year. I don't now if this is because of a lack of inventory or if it has to do with the economy. It could also have to do with taxes and how much disposable income people have.
I would like some predictive software that would be able to guess when a product will sell best.
In this scenario maybe I would wait 15 days to put it on the market if the market is crowded with other people selling the same item.
I would be able to pay for the product if the product could prove it would save me money.