Online marketplace caters to ideas at all stages of development.
Technology and gadget enthusiasts now have access to a new self-serve tool that will help them distribute their products and reach a community of over 200k likeminded individuals. Grand St, the online retailer of creative electronics, announced today the launch of their very own marketplace. Designed for products at all stages of development, the site hopes to provide a place where makers can scale their business without too many additional costs.
“Grand St. was founded with the mission to share well-designed and delightful products with tech and gadget enthusiasts,” says Amanda Peyton, co-founder of the company. “Over the course of the last year, we’ve seen our community grow significantly, and with that, the request for more products. The launch of Marketplace was the logical next step for us, providing a platform for both makers and fans to come together and create an ecosystem for innovation.”
In an email to PSFK, Peyton also made it clear that “Grand St.’s Marketplace is for products in every stage of their lifecycle — Pre-Orders, Beta Testing, and Retail.” Neither does the company want to hinder the creativity of creators on the platform, “We don’t own any IP for any of the products sold on Grand St. and we don’t participate in the manufacturing process.”
Maker profiles are segmented into three different categories; Marketplace, Pre-Order, and Beta. There are a few conditions required for each of them, but if you head over to the onboarding section of Grand St’s website, you can see whether your product qualifies.
We don’t share the constraints of brick-and-mortar stores, we’re able to tailor our business model to better serve the needs of makers to help them grow. For example, we have the flexibility to offer pre-orders for products with no added fees (aside from a credit card processing) because we are also selling products that have already been manufactured.