Website gloubeauty Glou Beauty
P2P marketplace for beauty products
Job Title
Engineering Lead (Pot. CTO)
Position Overview
I’m looking for an all-star software engineer who will be able to take charge of realizing the Glou Dream from the tech side of things, in addition to building the team that will build the product.
This is a $94B market with a product utilization of 13%. That’s a lot of unused beauty products!
About:
Glou Beauty is a marketplace for beauty product obsessives. There is a huge market for pre-owned beauty products yet there isn’t a specialized marketplace for users to transact safely and efficiently. Glou’s first major task will be building out a P2P marketplace platform.
For sellers their greatest challenge is listing dozens of products for sale at a time. The goal is to use a combination of NLP and CV to simplify the listing process down to uploading a picture and inputting the price.
Buyers on the other hand are worried about product authenticity, which is one of the beauty industry’s biggest problems and very prevalent on the secondary market. As a proxy for product authentication, I hope to use electronic receipts from email inboxes.
After we’ve built out a solid P2P platform, I hope to open the marketplace up to B2C transactions.
Responsibilities
– Building/hiring technical team
– Launch web platform and then mobile
– Be chill. Even when 💩 hits the fan, we gonna get through this as a team.
Additional Details
FAQ:
1) Are these products…used?
Sometimes! But people use the same techniques to sanitize products that makeup artists use between clients. Most of the time products are new and unused.
2) Why are there so many products?
A lot of it is through subscription boxes (where you get 5 full-size products per month). When you subscribe to 2 boxes… you end up with 120 products a year. Which is A LOT. Especially when you typically only use 1 out of every 4 products.
3) Why do people bother selling beauty products?
They are VERY expensive. Beauty lovers take advantage of the economies of scale discounts via subscription boxes and then sell those products at a profit. A product with a MSRP of $60 might cost $8 via the beauty box and the user will then sell it for $25.