July 15, 2012 Leave a comment
Grabio, an iPhone app for location based classifieds, just announced via Twitter and Facebook; a new guarantee that they will offer. The guarantee states that if you list an item on Grabio, and it doesn’t sell, Grabio will give you 5 dollars. Horatiu Boeriu the founder said, “a while back we raised some money to fund a guarantee like this. We’ve gotten a little traction in Chicago and thought it a good way to incentivize a little more engagement out of our users that look but don’t list.”
The guarantee has a few stipulations. The item has to be posted within 50 miles of the Chicagoland area, has to be listed for at least 30 days and the guarantee can only be exercised once.
There are several start-ups trying to gain market share in the realm of online classifieds; which has thus far been dominated by Craigslist. None have had much success pulling users away from Craigslist however. Craigslist users seem to be fine with the lack of a location based mobile app, thumbnails on site, user profiles and ratings; which is what companies like Grabio try to offer.