How GEAS Reserves Its System

  • Author : Mohd Safiyan
  • Date : 23rd February, 2024
  • Views : 7916

GEAS, as an innovative C2C (customer-to-customer) marketplace, has devised a sophisticated system aimed at fostering balance, financial stability, and continuous activity among its store owners. Through the strategic implementation of dynamic buyback mechanisms, GEAS ensures a thriving ecosystem where both C2C store owners and management benefit mutually.
 

- Profit Allocation and Product Buyback:

One of the cornerstones of GEAS's operational framework is its commitment to reinvesting in the marketplace. To this end, the management sets aside a substantial portion(50%) of the company's profits towards a reserve fund dedicated to product buyback initiatives. This fund is instrumental in facilitating the acquisition of high-quality and unique products from C2C store owners.
 

- 1-Hour Sell-off Time Limit and Catalyst for Continuous Activity:

GEAS employs a strategic sell-off time limit of one hour for listed products. This time constraint not only creates a sense of urgency among buyers but also ensures the rapid turnover of inventory, thereby maintaining a dynamic marketplace environment. Furthermore, the buyback mechanism acts as a catalyst for continuous activity by providing an avenue for products that may not sell within the designated time frame to be reintroduced into circulation.
 

- Handling Delays and AI Integration:

Recognizing that certain products may experience delays in selling within the stipulated time frame, GEAS has developed an advanced AI system. This system meticulously crawls the platform, identifying products quality and unique products  up for sell that have not been sold within the one-hour limit. By swiftly repurchasing these products, GEAS not only mitigates potential losses for sellers but also bolsters liquidity within the marketplace.
 

- Supporting the Grant Program:

In addition to its primary function of maintaining market equilibrium, the buyback mechanism serves a dual purpose by supporting GEAS's grant program. A portion of the repurchased products is channeled towards funding initiatives aimed at supporting aspiring entrepreneurs and physical store owners within the GEAS ecosystem. This commitment to social responsibility brings to light, GEAS's holistic approach to business and its dedication to driving positive impact beyond financial gains.
 

Conclusion:

In summary, GEAS's strategic approach to profit allocation, product buyback, and AI integration exemplifies its commitment to fostering a vibrant and sustainable C2C marketplace. By leveraging innovative solutions and embracing social responsibility, GEAS not only ensures the financial well-being of its store owners but also cultivates an environment conducive to growth, innovation, and community empowerment.

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