THE FUTURE OF BUYING AND SELLING ONLINE
Lavell Virtual Stores: Fast Facts
KEY HIGHLIGHTS
Removes the barrier to entry for small businesses in minutes
Platform easily connects business owners with online sellers
Owners can move product more rapidly
Socially driven marketplace
Platform is out of alpha testing
INDUSTRY
Advertising, Commerce and Shopping, Platforms, Sales and Marketing, Gig Economy, Sharing Economy, SAAS
MARKET SIZE
Ecommerce: $513.6 billion; Sharing Economy: Expected to reach $335 billion by 2025
TARGET CUSTOMER
Small businesses, brand influencers, anyone looking to buy or sell online
THE FUTURE OF BUYING AND SELLING ONLINE
Small businesses are held back online
The online marketplace is dominated by a few major players. There is a lack of robust solutions in the e-commerce space to leverage the sharing economy in a way that spurs business growth.
Small businesses are forced into three options:
Build their own platforms as well as solicit their own audience
Attempt to compete directly with the platform provider (Amazon, Alibaba, etc.) for attention
Sell out to large distributors for pennies on the dollar
Under these circumstances, it’s no wonder today’s entrepreneurs struggle to gain a foothold when competing against these giants.
THE FUTURE OF BUYING AND SELLING ONLINE
The online marketplace for every level
Lavell Virtual Stores is an online marketplace built around the sharing economy.
No longer does a small business owner need technical expertise to build an ecommerce online presence.
No longer does an owner have to battle for audience acquisition (ie Shopify)
Small businesses can grow rapidly on our platform by not only listing their products, but by paying commission fees to eager online sellers.
We’re connecting people to sell products more effectively than mainstream marketplaces, and without being undercut by large distributors.
THE FUTURE OF BUYING AND SELLING ONLINE
Key Features / How It Works
Lavell Virtual Stores uses a peer-to-peer e-commerce method, with affiliate marketing ideology, on top of a scalable inventory management backend.
The foundation of our e-commerce platform is what we call our Shared Inventory System, which instantly takes any listed item in an owner’s inventory and publicly publishes it to be sold by the owner or by commissioned sellers.
Sellers can craft their own virtual storefronts, combining items from owners’ inventories based on the likes and interests of their audience.
Social media integration allows sellers to connect their storefronts to their existing audiences and to leverage paid social media marketing. Simply connect and solicit.
Almost anything could be sold via Lavell Virtual Stores
(Not all categories will be sold, only listed)
Goods
Services
Automotive
Bookings
Digital Content
Real-Estate
THE FUTURE OF BUYING AND SELLING ONLINE
Traction & Accomplishments
Nov 2017 - Research & Development - Lavell Virtual Store's core technology was proven, and the team members were brought on to develop the product.
Aug 2018 - ECXTech Inc. launches Regulation CF on StartEngine - ECXTech unveils its product in production and receives over 30+ early pre-seed stage investors.
March 2019 - Marketplace Foundation - Closed first funding round - Lavell Virtual Store's toolsets for its desktop/mobile applications and backend/servers were established.
Sept 2019 - Alpha - Lavell Virtual Store's alpha product was completed.
THE FUTURE OF BUYING AND SELLING ONLINE
Market Opportunity
ONLINE SHOPPING
The U.S. Department of Commerce estimates consumers spent $513.61 billion online in 2018, up 14.2% from 2017.
Total retail sales increased 4.1% to $3.63 trillion, according to its figures.
Today 96% of Americans shop online.
SMALL BUSINESSES
46% of small businesses in the US do not have an online presence but intend to change that in the next 2 years.
SHARING ECONOMY
Expected to reach $335 billion by 2025.
