Price-it
Using AI to reduce the work needed to figure out what to price something at
Introduction
AI tool(s) to help identify goods and/or services, search for fair prices, and provide this information in machine readable formats.
Problem
SMBs are operating at limited bandwidth and often have to make trade-offs between getting the best price and time a task takes.
One example is a used sporting goods store that buys and sells gently used sporting equipment. When people bring in used equipment to sell to the store, a worker must go through each item manually inspecting its quality and search on the web to estimate a reasonable price to offer to the motivated seller. Then at a later time, they will have to inventory this item and determine a sales price for it.
Another example could be a SMB that is searching for vendors goods or services. They may not be an expert in the area and search for a premium full-service vendors and may not understand how much the inputs cost. Over time these higher costs threaten the long-term health of the business.
Opportunity
Something that provides the cost and price functions that Kelley Blue Book (KBB) but for other goods.
Something that enables the rapid inventoring of goods.
Something that can connect to an array of databases such that the data could be used to improve an e-commerce presence or inventory system