Though swapping requires a little more ingenuity, it can be a fun, inexpensive way to update your wardrobe or your home by recycling items. Read on to hear about a swapping site called Swapdom from co-founder and CEO, Petros Georgopoulos.
What inspired you to start your company?
We started Swapdom because we feel that swapping would be a fun and cost conscious alternative to shopping, if only it could be made more efficient. This is our contribution; we managed to make swapping incredibly efficient and simple by providing multi-party trades.
Tell me a bit about your professional background? Did you always have entrepreneurial aspirations?
I have been involved in IT in an entrepreneurial capacity since 1987, developing bespoke software solutions for customers, mostly in the field of optimization and have successfully sold my original company. So for me the entrepreneurial approach has always been the case.
Your headquarters are located in San Francisco which is a hub for technology and innovation, how has being located there impacted Swapdom so far?
We’re headquartered in both San Francisco and Greece. Having a branch in San Francisco has helped us to attract the right team members and to keep in touch with key media outlets. We’re excited to be part of such an innovative city and prime spot for startups.
Swapping in person and online has become popular in the last few years, and there are some platforms out there to support the interest. What makes Swapdom different?
Swapdom is the only swapping site where you can get exactly what you requested for exactly what you offered without bargaining. And all that for the cost of shipping plus a small fee. It’s so attractive because it’s better all around—it saves money, saves the environment (less textile waste), and has countless other benefits too. We also have a unique algorithm that makes it possible to swap in groups, so you can get exactly what you want.
Do you have any tips for new users to Swapdom to ensure they are able to swap items they truly love?
Definitely! Make sure you have quality items to swap with your fellow swappers, and check back to the site frequently and request more items. We’ll send you an email when we find a swap for you.
What is the most awesome items you’ve either offered up or received while swapping?
I haven’t personally swapped any unusual items, but we see some really neat items getting swapped! I was surprised to see a wedding dress posted the other day! And we have many well-known bloggers who are swapping their items as well.
What is your ultimate vision for Swapdom?
With a new kids’ marketplace, an app in the works, and more areas to develop (such as swapping home goods!) we’d like to see Swapdom become the go-to spot in online swapping. We’d like to be a major player in the new sharing economy and are well on our way there in my opinion.
Do you have any tips for aspiring entrepreneurs?
Be sure of yourself and your product and be prepared for a lot of hard work and fun to match. Surround yourself with a good team, don’t be afraid to network, and make the most of the latest technology. We’ve had a lot of success spreading the word about Swapdom through collaborations with bloggers, media outlets, and our own efforts, such as our always updated blog and social media pages [Facebook, Twitter, Google +].
Thanks for the interview George! If you are interested in learning more about swapping via Swapdom, check out their website.