IRVINE, Calif., Oct. 22, 2019 /PRNewswire-PRWeb/
-- MassGenie has demonstrated the success of its
patent-pending Power Buy concept and technology on its own
marketplace (https://www.massgenie.com/). This unique technology
benefits brands and retailers with significant savings in Internet
marketing costs while simultaneously driving customer traffic and
brand awareness. The Power Buy also leverages social media by
allowing its users to purchase directly from the "social sharing
experience" and instantly capturing revenue at each degree of
separation.
The success of MassGenie is best evidenced by the latest growth
figures. At its inception in 2017, MassGenie generated $311K in GMV (Gross Merchant Volume). In 2018,
MassGenie realized a 1392% ($4.6
million) increase in GMV. In the first half of 2019
MassGenie once again has proven its worth with an 1105% GMV
increase to $7.7 million from
$639K in the first half of 2018.
In early Q1 2020, MassGenie will be extending its Power Buy
technology as a SaaS offering for brands and retailers who are on
Shopify or Magento. The Power Buy will be available on both the
Shopify and Magento marketplaces as a downloadable app or
extension.
In preparation for the upcoming SaaS launch in early Q1 2020,
MassGenie has also launched a Partner Beta Program and will begin
offering three (3) months free service to the first 100 brands and
retailers that join the partner beta program. To learn more about
how MassGenie's beta program can help your business, visit
https://www.massgenie.com/PowerBuySaaS
About MassGenie
MassGenie's vision is to redefine the online marketplace experience
by introducing a new way to shop online. MassGenie's Power Buys are
short-term, volume-based offers where buyers can leverage their
social media presence to crowdsource demand. MassGenie was founded
and is led by veterans in the e-commerce, marketplace and software
industries. To learn more about MassGenie, visit
https://www.massgenie.com/
SOURCE MassGenie