Reverse Price (Dutch) Auctions

You must have already heard about Smack Deal events that JellyFish is carrying out to lure visitors to their shopping portal. TechCrunch was all over it last Monday. A very cool idea and a neat marketing trick. Bravo JellyFish! Let us look at a couple more web sites that use a similar concept.

WaitForYourPriceWaitYourPrice lunched in July this year by Joshua James — an entrepreneur from North Carolina. It sells a limited quantity of the same items at a price that drops throughout the sale until the inventory is depleted. The items for sale are usually electronics and gadgets. Today’s sale was a Seagate Barracuda SATA 320GB hard drive and the last one sold for $83.68.

Shipping is at flat-rate, free, or calculated with the charges displayed before finalization of the order. WaitYourPrice also has forums where you can discuss current or check out past deals.

The web site looks pretty plain and the forums are not busy at all. It almost seems like Joshua is the only one running the operation.

zeeDivezeeDive sells not one but multiple items with the prices going down as you shop. Most items have a reserved price which limits how low it can go — but some don’t. As I am writing this a 4-Shelf LCD/Audio Cabinet retailed at $349.95 has gone to $0 with no buyer in the view (s/h was $50).

You can buy the item right away or you can set a price and if it falls low enough and no-one buys it before you then the item is yours. Shipping charges are displayed at the item details page.

In general zeeDive looks like a very neat web site with a lot of AJAX and Javascript around the pages. A great idea as well however the prices on electronics (which I was mainly looking at) are not low enough to catch my eye. Need certainly to work on that.

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4 Responses to “Reverse Price (Dutch) Auctions”

  1. 1 Niti Nov 9th, 2006 at 10:55 pm

    great blog Yan.. just came across your site.

    and reverse auctions are getting popular. I bet there is going to be more sites popping up pretty soon.

    - Niti

  2. 2 Niti Nov 9th, 2006 at 10:57 pm

    hmm.. interesting.. i just posted a comment and don’t see it


  3. 3 probargainhunter Nov 10th, 2006 at 10:14 am

    Thanks and welcome.

    All posts are moderated to prevent spam. That is why the delay.

  4. 4 probargainhunter Nov 13th, 2006 at 1:47 am

    Just found another Dutch auction site:

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