Haystakt is a Singapore based online retail platform following the crowdfunding likes of Kickstarter and Etsy with a twist.
Sellers set an initial price and minimum target for purchases that will enable them to go into production. As with other crowdfunding sites, users then need to attract the minimum number of purchase pledges to reach their target in order to achieve a successful campaign. However, sellers also set their own price curve that enables them to continue to meet their overheads while also attracting more customers. Once the campaign is successful, the price begins to drop for every new purchase made according to this curve. This is possible because makers can spread their upfront costs across a greater number of people, passing on the savings to the consumer. At the end of the crowdfunding campaign, sellers know the exact number of products they need to make and don’t need to worry about leftovers or budgeting issues.
Check it out here.