Product Status Simplified: Unlocking Transparency and Trust on Corido Marketplace

When shopping at Corido Marketplace different listings have product status indicating their availability.

Corido Marketplace is dedicated to creating a seamless buying and selling experience for its users. To ensure transparency and simplicity, every product listed on the platform is assigned a status. These statutes provide clarity on the progress and availability of a listing, helping both buyers and sellers manage expectations. Once a buyer goes on the website, they can be able to plan depending on the status.

 Let’s take a closer look at what each status means and how it impacts your experience.

1. Pending Product Status

A new product posted on Corido Marketplace might have a pending product status to show that a seller has not yet decided on how to price the product.

You might wonder, why would a seller post an item without deciding on the price.

A seller might have a pending product status due to:

a. Uncertainty About Market Value– the seller might not be aware of current market value on an item

b. Condition of the Item– If the item has been used for a longer period of time the seller might struggle to estimate a fair price. Also, if the product is still new, they might also experience this challenge.

c. Comparison Shopping– they might be taking time to compare with similar items in the market and this can delay setting a price

d. Negotiation Strategy– Some sellers anticipate bargaining and prefer to discuss prices with interested buyers before setting a specific figure.

e. Sentimental Value- Sellers may attach emotional value to the item, making it difficult to decide on a price that feels satisfactory.

f. Lack of expertise- A lack of knowledge about pricing strategies or the item’s worth can lead to indecision

g. Feedback from Potential Buyers- Some sellers prefer to post the item without a price and gauge buyer interest to better understand what people are willing to pay.

h. Testing the Market– Sellers might initially list items with pending product status to test the market’s response before committing to a price.

Corido Marketplace recommendation

Corido Marketplace addresses a pending product status, by reaching the seller and providing effective tools like price recommendation for pricing the second-hand item. We make sure that we update interested buyers once the product status changes.

Key Tips for Sellers:

Update the product status as soon as possible, so that buyers are not distracted by similar offers that might be posted.

2. In Stock: Available for Purchase

The “In Stock” product status indicates that a product is available for purchase, and it has a determined price.

What does this mean for sellers?

The product you have posted is visible to thousands of potential buyers, and you can make the most of the status by picking up calls from buyers to answer their inquiries about the product.

If the product sells out or becomes unavailable, remember to update the status to avoid misleading buyers.

For buyers:

When you see the “In Stock” status, you can proceed to contact the seller knowing that the product is available for purchase.

3. Sold: Marking Successful Transactions

“Sold” product status, means that the product is already sold. As a buyer you cannot access the seller’s contact information since they have already sold the product.

Tip for sellers

Sellers must update the status to “Sold.” The change signals that the item is no longer available, preventing confusion or multiple inquiries about a product that’s already been bought.

What happens when a product is marked “Sold”?

The product listing remains visible but is clearly labeled as “Sold,” helping other buyers understand that it is no longer available.

Sellers can use this as an opportunity to highlight successful sales and build trust for future listings.

4. Verified: Building Trust and Authenticity

Once a seller has decided to list their item on Corido Marketplace, they can contact an agent that will review the product. They make sure that the seller is credible, and the product is available.

They also assess the product’s status and give the real condition of the product. Additionally, the products are verified by sellers providing extra documentation or evidence, such as receipts, certifications, or proof of ownership.

Corido’s team conducts a thorough check to ensure the product matches the description and is legally sold.

How products are verified:

Sellers can opt into Corido’s verification process by providing extra documentation or evidence, such as receipts, certifications, or proof of ownership.

Benefits of verified listings:

For Sellers: Products with the “Verified” label attract more attention and increase the likelihood of a sale. Buyers often trust these listings more because they’re assured of quality and authenticity.

For Buyers: Look for the “Verified” badge when shopping for items like electronics, household appliances, or high-value goods. This status minimizes risks and ensures smoother transactions.

Why product status on a product listing is important

 Product status is important for maintaining a trustworthy and efficient marketplace. They help sellers manage their inventory effectively and give buyers confidence in their purchases.

By keeping your listings updated and understanding what each status represents, you’ll have a smoother and more successful experience on Corido Marketplace.

Conclusion

Whether you’re a seller looking to showcase your items or a buyer searching for great deals, understanding product statuses ensures a seamless journey on Corido Marketplace.

Make sure to check the status of any listing before making a decision—it’s a small step that can save time and make your experience better.

Call to Action

For Sellers:
Ensure your product statuses are up to date to attract the right buyers and avoid confusion. Need help pricing your item or getting it verified? Contact Corido Marketplace today for expert assistance and verification services!

For Buyers:
Maximize your shopping experience by checking product statuses before contacting sellers. Look for “In Stock” and “Verified” labels to ensure smooth and trustworthy transactions. Visit Corido Marketplace now to find the best deals on second-hand goods!

FAQs

1. What does “Pending” product status mean?
Pending status indicates that the seller has not yet set a price for the product. This could be due to various reasons such as market value uncertainty, negotiation strategy, or feedback from potential buyers.

2. What should I do if I see a product with “Pending” status?
You can still express interest in the product to help the seller gauge buyer demand, which may encourage them to update the price sooner.

3. What does “In Stock” product status mean?
“In Stock” means the product is currently available for purchase, with a set price, and ready for buyer inquiries.

4. Why is it important for sellers to update the product status to “Sold”?
Marking a product as “Sold” ensures that buyers are not misled into contacting sellers about unavailable items, maintaining trust and transparency.

5. What is the “Verified” product status, and why should I look for it?
“Verified” status signifies that the product has been checked by Corido’s team for authenticity, quality, and legal compliance. It provides extra assurance for buyers and increases trust in the seller’s listings.