Micromarkets – Frequently Asked Questions
What is its purpose?
Micromarkets is not an auction site nor is it a classified advertising service. Micromarkets provides limited time offers on products and services. It’s intent is to generate revenue for local businesses.
- For retailers, it is an effective means to clear stale merchandise, promote end of season or sales or end-of-line offers.
- For service-based businesses, it is a means to promote a new service and build short-term demand.
- For restaurants it is an inexpensive means to list daily specials and discount offers.
Who can advertise on Micromarkets?
Only businesses can advertise on the site, it is not available to individuals.
Who sets the price of an item?
You set the price of items and the purchase terms.
Are there commission fees or transaction costs?
There are no fees other than your membership. There is no charge to the buyer.
How much does it cost?
There are two types of subscription accounts.
- Type A accounts allow up to 10 active listings and are priced at $25 per month.
- Type B accounts allow up to 25 active listings and are priced at $50 per month.
How long does a subscription last?
Subscriptions can be renewed on a monthly basis using the simple click-on renewal button in your business profile. Alternatively, you can subscribe for a period of one year and receive a 10% discount on the subscription price.
How many items can I list?
Your account type determines the number of items that you can list, either 10 or 25. No single business can list more than the maximum of 25.
How long does a listing last?
Listings last for as short as a few hours or many months, you decide. Listings do not last beyond the expiry date of your membership.
How does a customer get the goods?
This is up to you although we have not designed Micromarkets as a mail-order service or provided a transaction engine. We assume that most customers will come to your store or contact you to make arrangements.
What if a customer has a complaint?
Their only recourse is with the business responsible for the listing. We do not assume any liability for the accuracy or validity of offers.
What do I need to do to list items?
The first step is to create an account. This requires you to contact us and we will make the arrangements. Once your account has been created you can log in and enter your items. The site has a simple interface which is easy to learn. If you have questions you may call our support line for assistance.
Who will see it?
Although the focus is on attracting local customers, anyone with an Internet connection may see your listings. You can limit who may take advantage of your offer by specifying the area of coverage.
How will you advertise it?
Initially social media will be our primary marketing tool. This will be expanded to include print and radio once we have generated sufficient revenue.
How many offers or items will be on the service?
There is no practical limit to the number of businesses or offers that can be displayed on Micromarkets. The more advertisers and offers, the more traffic the site will receive because shoppers want a large selection.
How long has Micromarkets been operating?
Micromarkets is a very new it has only been operating since September 2011.