Lindsay Stanford is a Director of Client Engagement, Content and Community at Social Media Group. Follow @lindsaystanford
Have you ever created a song or digital art that you thought might be worth something, but were so discouraged with complex e-commerce sites to even think about selling it? Well you can rejoice because a new startup has come to save you from that fate! Gumroad, a social-centric site makes selling your stuff online super simple, much cheaper than competitive sites and lets you share links of your goods through your social platforms.
Sahil Lavingia, the 19-year-old brain child behind Gumroad and former Pinterest employee, dropped out of college to pursue his dreams of running his own company and creating a service that allows people to sell anything they can share. Gumroad even has a cool feature that allows the buyer to pay what they think the product is worth, love that idea!
I think Gumroad will be extremely successful. They have taken away the complication and created a space where in a matter of minutes an item can be uploaded, shared and bought. I’m not the only one who believes it will take off. Monday it was announced that Gumroad received 7 million in funding. For a company who only takes a 5% cut of sales plus $0.25 per transaction, it is just a matter of time before they are making a profit and possibly forcing the competition to lower their rates.
Check out the video below and if you’re not the creative type pass along Gumroad to those who are. You never know, you could end up buying something from one of them.