When you buy or sell on a marketplace website such as Craigslist or Facebook Marketplace, you often meet a stranger somewhere to complete your purchase and receive the item.
When Over 1 billion Facebook Marketplace users per month, Nimble Founder Jackson Wegerin does not consider it necessary for peer-to-peer transactions. He also estimates that it will take about a week for each sale to complete between interacting with potential buyers and responding to no-shows.
Participated in his company Startup alley TechCrunch Disrupt eliminates much of that hassle by creating a patented remote lock and sales website that allows users to list and share items on the Nymbull website, averaging 2-3 days. We aim to achieve the sales completed in. Link to the selected marketplace. He calls it “lock, list, leave”.
The seller buys a lock as well as a bicycle lock and locks the item for sale at the location of his choice so that potential buyers can inspect the item. If the buyer is happy, complete the payment from the Nymbull website and get the unlock code. The company uses Stripe to provide chargeback protection to both parties.
“There has been a lot of evolution in the market,” says Wegelin. “There are pizza companies that use lockers, like those who unlock Airbnbs and Amazon’s pickup lockers. This is a COVID hit, people want social distance and contactless trading. Therefore, it became more normal. “
The company’s idea came to Wegerin in 2016 when he had a grill he wanted to sell. He lives on the busy main street of the neighborhood and thought of listing the item and locking it to the tree in front of his house so that people could see it. He was in short supply when someone was looking for a remote lock that could be unlocked after buying a grill.
In essence the inventor — he holds 70 US patents as an electrical and mechanical engineer — and set out to build one of his own. A year later, he began applying for Nimble Rock patents and currently issues four patents.
Ohio-based Wegelin currently has 500 locks, is experimenting with selling on the Nymbull website, and will be available soon. He is still working on pricing locks and item posts. However, he said, the seller will be a subscription model and the buyer will pay a few dollars per transaction.
The seller can hold the item for free for a certain number of hours and has the flexibility to provide more hold time for the buyer to make a purchase decision. For those who need it longer, potential buyers can ask for a day or two hold by paying a few dollars.
One of the most common questions he received while testing the locking system was how to lock clothing such as shirts. He tested how to put the lock through his sleeve and the hanger on the door hook. Other sellers are creativity by punching holes in plastic containers that can be secured to fences, according to Wegerin.
Ultimately, Wegerin hopes that Nimble will act as an intermediary between buyers and sellers, allowing them to safely buy and sell goods without any dialogue between the parties if not needed.
“Rock keeps people honest and helps buyers see what they’re paying for,” he added. “There are many opportunities to take advantage of this, such as receiving food, delivering medicine, and receiving unattended.”
Nymbull wants to guard your next Craigslist, Facebook Marketplace item for sale – TechCrunch Source link Nymbull wants to guard your next Craigslist, Facebook Marketplace item for sale – TechCrunch