Chapter
High Stakes Auctions for Shopify Apps
36:03 - 41:36 (05:33)
The speaker compares the app auctions in the Shopify marketplace to high stakes Chinese markets or penny auctions where the bidders are not sure what they will get but it can be an interesting experience with a large variety of items.
Clips
The speaker talks about his love for niche auctions, especially in the classic car market like Barrett-Jackson and Bring a Trailer, as well as their massive annual revenue.
36:03 - 36:56 (00:52)
Summary
The speaker talks about his love for niche auctions, especially in the classic car market like Barrett-Jackson and Bring a Trailer, as well as their massive annual revenue. He also discusses his interest in finding a marketplace that is currently illiquid and difficult to sell.
ChapterHigh Stakes Auctions for Shopify Apps
Episode#48 - NSFW Tech, HQ Trivia & Auctions
PodcastMy First Million
Opendoor is revolutionizing the real estate market by offering a platform between the seller and the buyer for instantly selling a property, instead of auctioning it.
36:56 - 37:37 (00:40)
Summary
Opendoor is revolutionizing the real estate market by offering a platform between the seller and the buyer for instantly selling a property, instead of auctioning it. This model has already been seen in the sneaker industry with success.
ChapterHigh Stakes Auctions for Shopify Apps
Episode#48 - NSFW Tech, HQ Trivia & Auctions
PodcastMy First Million
The speakers discuss auctioning off Shopify apps and the possibility of getting authentic items through certification, as well as highlight HQ, a live stream mobile app that turns traditional TV shows into a game show on your phone.
37:37 - 39:54 (02:16)
Summary
The speakers discuss auctioning off Shopify apps and the possibility of getting authentic items through certification, as well as highlight HQ, a live stream mobile app that turns traditional TV shows into a game show on your phone.
ChapterHigh Stakes Auctions for Shopify Apps
Episode#48 - NSFW Tech, HQ Trivia & Auctions
PodcastMy First Million
The Top Hat App is a mobile app that has products from China available at a low cost.
39:54 - 40:36 (00:41)
Summary
The Top Hat App is a mobile app that has products from China available at a low cost. The app features item starts that make prices start at a high point that decreases over time to make it more exciting for users.
ChapterHigh Stakes Auctions for Shopify Apps
Episode#48 - NSFW Tech, HQ Trivia & Auctions
PodcastMy First Million
The shopping app experience is designed to give consumers a sense of high stakes and inject FOMO into their brains, leading to addictive behavior that can lead to financial problems.
40:36 - 41:36 (01:00)
Summary
The shopping app experience is designed to give consumers a sense of high stakes and inject FOMO into their brains, leading to addictive behavior that can lead to financial problems.