EcoDemand, LLC Launches Consumer-Driven Marketplace for Life Science Professionals
19 January 2022 - 4:09PM
Business Wire
An online marketplace where consumers state the price and
vendors have a yes/no option to sell
EcoDemand, LLC, an ecommerce startup, launches its new platform
where the prices of products are stipulated by consumers, and
vendors on the platform can actively seek out these leads. The
platform capitalizes on the economics principles of a consumer’s
will and ability to purchase any given product, while turning the
script on conventional ecommerce platforms that have predominantly
had vendors dictate the prices of products since the decline of
online auctions.
The marketplace consolidates consumer requests and each stated
price (EcoDemand), availing them simultaneously to multiple vendors
who carry the products, thus spearheading competition among these
vendors for the potential consumer’s business. The initial
consumers are life science professionals in biotech startup and
academic labs who are keen to enjoy some of the savings made
possible by global value chain (GVC) manufacturing that have
hitherto gone mostly to the profit margins of larger and more
established vendors. Vendors on the platform are certified and
verified to provide high quality research consumables and equipment
to spearhead their growth as well as that of their customers.
Rather than increase competition between consumers for a
specific product as has been done conventionally on online
marketplaces, EcoDemand strives to shift the narrative on supply
and demand, showcasing the importance of competition between
vendors for customers in the determination of prices at which goods
are sold. This is great news for smaller businesses that will
otherwise have to spend a fortune to generate actionable leads on
customers and ensure that consumers are better positioned to obtain
the products they desire within budget.
“Our platform does not completely reinvent the wheel with online
marketplaces, but it finds greater applications of current
knowledge and understanding of supply and demand theory, the
dynamics of fiat currencies, and how to empower consumers to have
greater stake in the economy while staunchly supporting small and
mid-sized companies gain traction on otherwise predatory larger
ones. That is what makes us revolutionary,” says Flavio Somanji,
Founder and CEO of EcoDemand, LLC.
The company anticipates major growth in the coming weeks and
months, while garnering critical user feedback and implementing
feature updates as it expands across a variety of life science
hubs.
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Flavio Somanji | Media Relations (857) 207-8457 |
media@ecodemand.com