Two weeks ago we published our first research infographic on trading activities in buy and sell groups on Facebook and shortly after the research results of week 2. Today it’s time to look at the results of week #3 and combine all three weeks into one result set. If you have seen our previous infographics, you will find this week’s one to be quite different, but yet similar.
So over this very short period of 3 weeks we saw the number of items that are being traded were stable. There was a continuous influx of new items being posted and the average price was more or less stable. The number of total inquiries increased correlated directly with number of members and items posted in such Facebook groups.
This is a very encouraging of an active trader market of pre-loved items. Since we launched our public beta of swapit about 2 weeks ago, our user base is growing rapidly as well. Our goal is to reach a widespread adoption like the those Facebook groups by providing a much better user experience to buyers and sellers – allowing them to trade easier and quicker.
If you haven’t used swapit yet, you can get it right here at: http://swapit.la
The content in this article and its infographic is based on research done by Kevin Hsu of the swapit team.