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Company Statement:
Historically, what something costs has been all about finding a balance. A win-win scenario between the seller and the buyer. The maker, the supplier, the distributor and the retailer all factored in their costs and effort plus a respectable margin for profit — and then you had a shelf price. If nobody would pay that amount, brands would resort to discounting and special offers in the hope of recouping costs and staying in business to battle in the capitalism arena another fiscal quarter.
Things are different today. Manufacturing, distribution and retail have all consolidated. The equilibrium between demand and supply has shifted. There’s a disturbance in the force and consumers are left with a faulty and flickering lightsaber.
“What we’re doing at Grabbit is a chance to give equal power back to customers. Whatever we’re selling, it’s only worth what you want to pay for it,” said Jason Shipp, founder and CEO.
Company Overview: Grabbit, a new player in the e-commerce scene, aims to revolutionize the way we shop by democratizing pricing. Founded in Dallas, Texas, by a group of friends with backgrounds in creative advertising and finance, Grabbit challenges the conventional static pricing model. The team believes in creating a win-win scenario for both buyers and sellers by embracing the constantly shifting wants and needs of consumers and the seasonality of marketing and production costs of brands.
Company Name: Grabbit URL: GoGrabb.it Launch Date: November 2023
Key Features: Prices are always dropping. Daily featured items available for a limited time in limited quantities.
Product Information: Grabbit is a brand-new way to discover new products and save on electronics, home essentials, gadgets, gear and more. Each day a new item is up for Grabbs for that day only, until sold out.
Social Media Handles: Facebook: @readysetgrabbit Instagram: @readysetgrabbit TikTok: @readysetgrabbit Threads: @readysetgrabbit X: @readysetgrabbit
Customer Testimonials: "Shopping on Grabbit is a retail adrenaline rush!" – Stacey "Such a fun and clever idea! I had a great time and got a good deal." – Kristin
"This was really a unique shopping experience. I’ve never seen anything like it." - Angelee
“I describe it as a game of chicken! Chicken with strangers and your wallet! So going to your site is a trip to a crazy coop! Literally my favorite place to shop!” - Jennifer
Contact Information: hello@gograbb.it
Quotes and Statements From the Founders:
"We hope people have fun shopping on Grabbit and feel they paid the right price (or less) every time."
“This is new and new can be scary. But we’re having a ton of fun giving customers massive discounts off retail prices.”
“No, we’re not profitable. Not even close. But we’re just getting going. Once enough people see that they can decide what they want to pay for something rather than a barcode, we’re betting it’ll catch on.”
“Our hope is to democratize pricing. People’s wants and needs shift constantly as does the price of goods and services. And yet, we’re all stuck with static pricing or, at best, variable pricing that only works to the advantage of the seller. We’ve seen things sell online for what seem like ridiculous prices, both high and low. We believe those prices weren’t crazy at all. They were just based on the in-the-moment wants and needs of both the buyer and the seller. It was a win-win for everyone. We want to make that win-win scenario an everyday shopping experience.”