Business Idea:
A secure P2P e-commerce platform in Nigeria that uses escrow and logistics verification to eliminate trust issues, ensuring safe transactions for buyers and sellers without relying solely on trust.
Problem:
Buyers often lose money due to ghost vendors, and vendors face false accusations, creating a trust gap in P2P commerce in Nigeria.
Solution:
A platform, @BiExpressApp, that holds funds in escrow until delivery is confirmed by logistics providers, providing proof of transaction completion and removing the need for mutual trust.
Target Audience:
Online buyers and vendors in Nigeria engaging in peer-to-peer commerce, especially those concerned about transaction security and fraud.
Monetization:
Transaction fees on each successful sale, potential subscription plans for vendors, and premium logistics verification services.
Unique Selling Proposition (USP):
Guaranteed security through escrow and verified delivery proof, reducing fraud and building trust in Nigeria’s P2P marketplace.
Launch Strategy:
Start with a simple MVP focusing on key markets, partner with local logistics providers for delivery verification, and run pilot transactions to gather user feedback and refine the service.
Likes: 1
Read the underlying Tweet: X/Twitter