Savy

Why Not Making A Deal On Shark Tank Was The Best Thing That Ever Happened

August 25th, 2019
Disha Shidham
Founder, Savy
1
Founders
1
Employees
Savy
from San Francisco, California, USA
started November 2017
1
Founders
1
Employees
market size
$143B
avg revenue (monthly)
$99.1K
starting costs
$11.7K
gross margin
90%
time to build
210 days
growth channels
SEO
business model
subscription
best tools
Google Drive, Quickbooks, YouTube
time investment
Full time
pros & cons
39 Pros & Cons
tips
12 Tips
Discover what tools recommends to grow your business!
customer service
sales
other
Discover what books Disha recommends to grow your business!
Want more updates on Savy? Check out these stories:

Note: This business is no longer running. It was started in 2017 and ended in 2023. Reason for closure: Shut down.

Hello! Who are you and what business did you start?

Hey there! My name is Disha Shidham and I’m the founder at Savy.

On a fundamental level, we at Savy believe in keeping commerce local. Small businesses bring diversity, dimension and culture to retail; we strive to build awesome technologies that support these businesses and our flagship product, Savy Sales, is our first means of doing so.

Savy Sales helps businesses clear slow-moving inventory in a fresh manner that preserves brand integrity, increases margins, and doubles buyer conversions.

How it works. With Savy Sales, businesses never have to publicly discount their products again. We allow shoppers to enter a price they’re willing to pay, and if their price is above what the business would have initially discounted to, the shopper gets to buy the item at their price.

With this new model of discounting and clearing inventory, our partners are experiencing, on average, a 30% increase in revenue. Because shoppers love having a say in how much they get to pay, we’ve also seen a two-fold increase in website visitor to buyer conversions. Savy ends up increasing revenues on multiple axes (through margins...

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