Inventory Trading Group
Date of Foundation
2023

Inventory Trading Group

B2B marketplace for Inventory

The Idea origin story

We function as a dedicated online platform for Australian businesses to trade surplus inventory. Our exclusive B2B marketplace facilitates the purchase and sale of excess stock, enabling firms to effectively manage their resources while creating lucrative opportunities. This service is available solely to commercial entities as both buyers and sellers.

The Mission

To be the go to solution for ordering supply materials for Australian manufacturers and businesses

Clients

Any independant business that holds supply stock

Problems we solve

Client’s problem

Inability to convert excess inventory to cash, limited product availability due to sole supplier shortage, and significant waste generated by disposal of excess or obsolete stock.

Confirmation of problem

Ability to retrurn no longer required stock is limited and cost-prohibitive, and validated by prominent industry experts as a genuine requirement for these industries

Solution

Listing no longer needed stock for sale for other cabinet makers to purchase. You make money and they get cheaper supplies

Our technologies

This solution is based on technologies

A Multivendor marketplace platform where sellers can also be buyers

How it works

Sellers list joinery items for sale. Buyers sign up, find desired items nearby, and pick-up or have the items delivered.

Value for the client

Helps businesses convert excess inventory into cash, ensure product availability, and reduce waste from surplus or obsolete stock.

Market and strategy

Market size

500

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

75

% of the market

Is our goal in the next 3 years

Team

My name’s

Daniel P Morrissy

My key role in the product

Director

Team size and key members

An experienced product manager to streamline your product offerings, a skilled marketing head to enhance brand presence and a seasoned tech lead for technical advancements.

Competitors

Competitors

eBay, Gumtree, Grays Online

Our Advantages

Specializing in industry-specific solutions, our platform offers a curated catalogue of tailored products, coupled with dependable and streamlined delivery processes.

Business model

Transaction fee of %13 on sales from sellers, subscription for premium services, advertising on site by industry suppliers

Traction

Platform development, key suppliers/sellers, company registration, product catalogue

Nationwide presence

Metrics

Quantity of products on platform, $ value of sales, number of users

Incorporation

Our company incorporated in

Melbourne, Australia

Key risks

Main risks could include a lack of trust in the quality of supplies, low user adoption due to habitual sourcing methods, competition from established marketplaces, security issues related to B2B transactions and potential legal concerns over selling used or obsolete stock.

Investments

$

2000000

We raised investments

Our Investors

Myself 75, family 25

Rising Investments

$

2000000

Currently, we are raising investments

$

TBD

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

MVP