A brand new startup Qeemat.com launched in Public Beta over the weekend, and they have a pretty promising idea that can grow into something very meaningful.
This is a community-powered service where people can fact-check market prices from each other. So lets say I’m buying a laptop from a store – I can ask the Qeemat.com community whether or not the price I am getting is fair, and maybe you could tell me if there’s a better price out there. Over time this could become an interesting reference site for prices.
This is the type of service that uses the network effect – the more people in the community, the better it will be. So go quickly to their site and sign up and help build this community so that we can start helping each other out.
Now for the potential part – since they’re a new beta I’m sure they might have one or more of these things thought of, but here’s my initial thoughts:
I wont go into detail on their interface – again because of the beta – except to say that visitors should really feel like they’re a part of a bigger community… the right experience is crucial for adoption here.
One of the top-priority features for me would be to tie this into my phone – maybe integrating twitter with this, because I’ll remember this service only when I’m in a shop actually buying something. There’s a pretty low chance that I’d come back home, go online to a specialized site, ask for a price, wait for an answer etc… maybe not for the type of goods up on the website yet anyway. Getting an instant price-check from the community would be a pretty good feature to have.
Secondly, its important to choose the initial set of products for pricing carefully to set the community off in the right direction. E.g. I saw "Haleem" as a product there and I’m not sure if thats the right use for this – think of things where people might want a quick price-check… atleast initially anyway, and then let people decide where to take it from there.
Finally, just a thought on the apparent business model. My view is that advertising may not be the best thing to bank on for this venture, simply because activity on your site isnt related to advertiser interest. A better idea might be to use the data you’re getting from the market and see who finds that valueable (prices of used-goods in the market across different points in the city… surveys / statistics of retail shop pricing behavior and trends etc.)
Good luck! Let me know when you hit 1000 contributors.