WeShop, the UK’s newest shoppable social network, has recently launched as the world’s first shopping platform that rewards users with shares in the company for every purchase made. This groundbreaking business model aims to give back to its users by offering a substantial 90% ownership of the company. Through the WeShop app, available on both iOS and Android, shoppers can conveniently purchase a wide range of everyday goods from various retailers while simultaneously becoming shareholders in the company.

WeShop’s platform boasts an impressive lineup of retailers, including popular brands such as ASOS, Selfridges, Net-A-Porter, eBay, Made.com, Nike, New Balance, Etsy, The Body Shop, and many more. Furthermore, the platform continues to expand its offerings, with independent brands joining on a weekly basis. With such an extensive selection, users are provided with numerous options to meet their shopping needs.

The disruptive business model introduced by WeShop is strategically positioned to challenge US-based tech giants by distributing the wealth accumulated within the company to the shoppers who have contributed to its success through their everyday purchases. In addition to rewarding purchases, WeShop also provides users with opportunities to monetize their recommendations. When a user refers a product bought on the platform, they receive 10% of the product’s value in shares. Moreover, when a WeShopper introduces a new user to the platform, they are rewarded with 1% of the new user’s spending on the platform.

Richard Griffiths, chairman of WeShop, expresses his belief that the potential of this platform is immense and foresees it having a transformative impact on the world of e-commerce and online retail. While online shopping platforms have witnessed substantial growth in recent years, none of them are specifically designed to benefit the shoppers who support them. WeShop aims to revolutionize that by empowering its users and allowing them to become stakeholders in the company.

WeShop’s unique approach to e-commerce and its commitment to giving back to its users positions it as a potential game-changer in the world of online shopping. By combining the convenience of a shoppable social network with the opportunity to own shares in the company, WeShop offers a mutually beneficial situation for both shoppers and retailers. As the platform expands its roster of independent brands and attracts a larger user base, WeShop has the potential to become a prominent player in the e-commerce industry.

Useful links:
1. WeShop Official Website
2. WeShop Independent Brands