WeShop, the world’s first shoppable social network, has recently launched in the UK, offering a groundbreaking concept that rewards users with shares in the company for every purchase made on the platform. Unlike traditional online shopping platforms, WeShop allows users to simultaneously own a stake in the company while purchasing everyday goods from a variety of well-known retailers.
One of the key aspects of WeShop’s business model is their plan to give 90% of the company to its users. This means that shoppers not only have the opportunity to earn shares through their purchases, but they also have the potential to benefit from the success of the platform in the long run. Initially, 20% of the price of each purchase is given back to the customer in shares of WeShop, providing an incentive for users to continue shopping through the platform.
The WeShop app, available on iOS and Android, features hundreds of retailers, including popular brands such as ASOS, Selfridges, eBay, Nike, and The Body Shop. In addition to these well-known names, WeShop is continually adding independent brands to its platform on a weekly basis, further expanding the options available to users.
By sharing the wealth generated by the company with its customers, WeShop aims to challenge US-based tech giants in the e-commerce industry. Users not only earn shares through their purchases, but they can also monetize their recommendations. For every product recommended on the site that is subsequently bought, the person receives 10% of the product’s value in shares. Furthermore, when a WeShopper introduces a new user to the platform, they will receive 1% of the value that the new user spends.
Richard Griffiths, the chairman of WeShop, believes that the potential of the platform is enormous and will have a significant impact on the world of e-commerce and online retail. Unlike other online shopping platforms that solely focus on profits, WeShop is committed to rewarding its users and giving them a stake in the company they support through their purchases.
In summary, WeShop’s community-owned shopping platform offers a unique and innovative approach to online shopping. By allowing users to earn shares in the company while making purchases, WeShop incentivizes its users while taking on established tech giants in the industry. With its extensive range of retailers and continuous addition of independent brands, WeShop aims to revolutionize how people shop online and reshape the e-commerce landscape.
If you would like to learn more about WeShop, you can visit their official website [link]. Additionally, for those interested in exploring the retailers available on the platform, you can find a comprehensive list on their retailer page [link].
