All of us at some point need small amounts of cash for short periods of time. Now imagine this: we have personal goods with us (phones, tablets, laptops etc) which we can "sell" to a retailer today to get cash. In, say, 3 weeks time, once the money is arranged, we pay the retailer and do a "buyback" of our personal goods. So basically we do a sale today to get cash and buyback the goods 3 weeks later once we have money to pay for them.
Buyback Bazaar is a technology & marketing company which connects anyone needing some cash for a short period of time with a retailer offering the best price for the item which is being sold (and will be bought back later).
For a range of basic consumer products, Buyback Bazaar will create an online marketplace where various "approved retailers" will 'bid' for different personal goods so someone looking to sell his product can not only get the best possible price, but get the assistance of Buyback Bazaar to put a standardised contract & quality checks in place, facilitate the storage and optimise cash flows through geographically closer approved retailers.
Buyback Bazaar - like any online exchange - will also be an independent mediator who will resolve any potential hiccups / issues around the whole transaction which reduces stress for all parties concerned.
Target audience: People in UAE (Dubai) for now ... low to lower middle class earning between USD 500 and USD 2500 per month. Primary focus on the expatriate community - like Filipinos, Indians, Pakistanis, Lebanese, Egyptian folks.