I just came across this website (http://www.woot.com/) and I was wondering if any one has made any purchases from here?
Following is the article that led me to browse Woot!:
In the grueling world of business, sometimes less really is more. Many online retailers boast a product line that never runs out of stock, as they try to earn your moneyed mouse clicks and get your attention in a crowded and expanding universe.
Which brings us to Woot.com – short for Wow! Loot!, an online retailer that takes the exact opposite approach. You won’t find a lot of items for sale in this virtual vendor. In fact, you’ll only find one - and you never quite know what it is.
One day it might be a watch. The next, a Walkman. And after that a computer keyboard.
The site buys up unwanted lots of merchandise and sells them in limited quantities one at a time for 24 hours only or until they’re gone. The catch? The prices are unbelievably cheap.
Monday’s item was a 1/8 scale remote control F1 Grand Prix car and a free T-Shirt, selling for the bargain basement price of $20 US. By the time the clock struck noon in the east, they’d sold out for the day.
Other bargains have included a Hewlett-Packard notebook computer with a 3-gigahertz processor and 17-inch screen for $1,200, Dell computer speakers at $30 a pair, a $79.99 MP3 player pendant with 256 megabytes of memory, and a device to transmit your music over any FM radio for $12.99.
For many, it’s the take-it-now-or-lose-it-nature of the offering that attracts them. “It’s a different approach that makes it more of a game than going to Amazon.com,” explains frequent purchaser Mike Masnick. “EBay does it with bidding. With Woot, it’s buying something that’s only available right now."
Amazingly, this “less for less” concept is more than profitable – Woot earned over $5 million last year alone selling its single items. “We’re happy our concept is successful,” founder Matt Rutledge agrees. “And we expect people to copy us.”
But maybe only one at a time.
December 13, 2004
http://www.pulse24.com/Business/Top_Story/20041213-001/page.asp
I’d love to get a brand new (top of the line) laptop for $500 