Australian consumers and suppliers are set to benefit from the launch of iNEDA, an upgraded version of the money-saving marketplace which allows buyers and sellers to find the best deal at the best price. The new platform, which is free and recession-proof, has been created to help empower Australian consumers to save money on everyday purchases of appliances, white goods, and electronics, amongst other things. Ineda’s next-generation Marketplace enables buyers to create deals at prices they are willing to pay, with sellers able to accept or reject the bids. Founder Nick Neda has said the iNEDA marketplace will keep local businesses open and people employed while also helping consumers reduce their costs of living or operating their businesses through planned or unplanned purchases.
Consumers are currently facing a cost-of-living crisis, not seen since the 1990s, which, coupled with interest rate hikes and real wages not keeping pace, has led to a fall in consumer sentiment in Australia. iNEDA is therefore being launched at a critical time when every dollar counts, helping buyers to maximise their purchasing power and take control of their shopping experience. Consumers can place a bid on the iNEDA marketplace for the exact goods they are after, such as an appliance like a dishwasher, fridge or washing machine. They will then wait to see if they are successful on the purchase at the price they have nominated.
With many people working from home, there has been a sharp rise in the demand for ‘home offices’, with standing desks, monitors, and a stronger internet connection at the top of consumers’ wishlists. Through iNEDA , consumers can save money on these purchases and on electronics and white goods. Ineda allows consumers access to much lower prices that suppliers can’t publicise and helps store owners move floor stock, allowing savings of up to hundreds of dollars through closed deals.
According to founder Nick Neda, the iNEDA Marketplace is unique in that buyers get to place bids at the price they wish to pay for a product, and sellers get to accept or reject that bid. Sellers set a reserve price on their listing that is a guaranteed minimum they need to meet to sell the product. iNEDA’s auto-accept feature allows all bids above this reserve price to be instantly approved as an order, and anything below is waiting for seller approval in the supplier dashboard.
iNEDA’s mission is to keep local businesses open and people employed while also helping consumers reduce their costs of living or operating their businesses through planned or unplanned purchases. The platform allows consumers to make every dollar count, with Nick Neda saying that they want to make “every dollar count for consumers who can take control of their shopping experience with our new generation Marketplace which allows you to create the deal at the price that you are willing to pay.”
Ultimately, iNEDA’s innovative and disruptive platform enables consumers who know what they want and are ready to buy to connect with suppliers offering an extensive range of products, creating a win-win situation for both the consumer and the Australian supplier. With its next-generation Marketplace, consumers can save hundreds and thousands of dollars on everyday purchases, giving them greater control and maximising their purchasing power in a challenging economic environment.