How do you sell for $22 million?
The answer, of course, is a website called The Internet of Things.
The company behind it, OTOY, has a strong history in online commerce, and its founders have a track record of creating profitable websites for the likes of Microsoft and Facebook.
In a blog post this week, the founders announced the launch of a new website called the World of OTOy, which they describe as a “virtual marketplace for IoT”.
The website offers a host of features for businesses to take advantage of, such as a marketplace for customised products, online sales and a dedicated shop for sellers.
In addition, the World is offering a 30-day trial for those interested in participating in the project.
“We have a strong team of experienced developers, and we have built a solid foundation for our product,” OTOYC co-founder and CEO Vishal Gopal said in a statement.
“Now, with a platform like OTOys platform, we are able to offer a more convenient way to sell products to the public for a price of $2,8 million.”
There are two ways to enter the OTOyk marketplace.
Those who enter through the “Buy Now” tab on the site will be given the option to pay $10 per month or $30 per year for a limited time.
Those buying through the OBOY platform will be able to purchase products in bulk for a discounted price.
OTOYS website says it will allow buyers to purchase their products directly from a vendor and use the same payment method for future purchases.
The site says that “OTOY is a global platform for IoT-enabled business owners, as well as the public.”
The company has been active since 2012, with OTOYA offering a variety of products from hardware to mobile apps.
“With the launch today, OOOY has created a platform to create a world-class platform for the IoT, which is the most efficient way to bring online products to market for consumers,” OBOYS co-founders Praveen Pachauri and Rakesh Kumar said in the announcement.
“The platform will enable IoT manufacturers to bring their products to customers quickly, for a low price, for the benefit of both parties.”
OTOYP said it is launching the World with the goal of selling products to “everyday people around the world.”