Comments on: Live, Online, Reverse Auctions… again.

By: James Hatch

James Hatch — Tue, 03 Feb 2009 04:35:00 +0000

Sunny, not a problem. I love deal sites and wish you luck. Though, I probably wouldn’t mention the more-buyers-equal-higher-price portion of your business model. Taken at face value, people may not talk to other people about your site.

Again, good luck.

By: Sunny

Sunny — Tue, 03 Feb 2009 03:30:00 +0000

Thanks for mentioning our business CountSpin.com on your blog. I personally believe that we are very different from Mercata and Mobshop from the Web 1.0 days. The main difference in our business model is that we do not need a pool of buyers to collaborate for the deal prices to drop. Their business was focused on demand aggregation. In fact, the more participants we have, the higher the ending price. Here is an article of why the prices never drop all the way down: http://blog.countspin.com/2009/01/dude-wheres-my-free-lunch/

Your sincerely,

CountSpin Team

By: Nigel

Nigel — Mon, 02 Feb 2009 03:50:00 +0000

Hmm… strange, most of the deals i saw dropped to around 70% (one went to 82%). Seems like they have different shows for different brands, and some brands are going for much better discounts than other brands. There’s a Casio Protrek watch going on right now that’s already at 65%. Thinking…