Archive for July, 2008

Buxr Update: Launching New Contest

The project I launched with my partner last December has been consuming all my free time recently. It seems like my deal contests idea has picked up and we now have a few regulars who come to share deals every day. I work late nights adding functionality to the site and it seems to pay off nicely. No, not in monetary way. We have been in red since we launched and I don’t expect any profit for another year at least. Yeah, starting up is tough. ;-)

The experience however is greatly gratifying. On an average week day we get around 50-60 deal submissions and just about as many comments from our members. Unlike ProBargainHunter, Buxr is built around a generic open-source web platform and I enjoy the luxury of being able to add all the possible tweaks to make things convenient for bargain hunting and shopping, something I couldn’t have done with this blog. Wordpress is a great platform, but it is more like a Swiss Army knife. You can do many things with it but you will never be good at anything in particular.

So we have plenty of deals and comments at Buxr. What we don’t have enough of is opinions. Yes, opinions on shopping deals. The deals, even the best ones, don’t usually get more than 10-12 votes and this is not nearly enough to create a balanced out picture of how hot the promotion or a coupon really is. One - two members can easily sway the votes towards a certain niche/category. What is more important, members with friends can have much more influence on votes than those without (but this will probably always be an issue).

Either way, I think more participants would balance things out a bit and this is why starting next month we are launching one more contest. We will be rewarding members for inviting friends. Top 3 by the number of referrals will get cash prizes at the end of the month. We’ve got to find more people who could contribute to deal voting, and I don’t see how else we can do it effectively and without spending enormous amounts on marketing.

If you love bargain hunting and have friends who might enjoy it too, come and join us at Buxr.com for the next month contest. By the way, here is a photo and a guest blog post from our last month’s winner!

Dreaming about a web tablet for under $200

techcrunch tablet

A tablet PC with WiFi, USB, 4GB of storage and 512 MB of memory, running Firefox and Skype on top of… hmm… well… not important, because the PC is not for sale. It is being built by Mike and folks at TechCrunch and they are calling everyone for help.

Judging by the comments, the blog post stirred a lot of excitement and I don’t want to be the party pooper but this comment resonates the best with my way of seeing it:

A pipe dream…. mark my words.. you need people who are in the business…. I have always been fascinated by people who have no clue about anything, from a totally different field who wake up and feel they just had gods greated idea the planet has ever seen…
Do yourself a favor and talk to some product designers at some of the it companies… then you’d burry your little project immediately…

I have little experience with hardware projects, but I know a lot about open sourcing software and one thing is certain - it requires a lot of coordination. Even if producing the above device is feasible price-wise taken the requirements, which I really doubt, it will take a huge coordinated effort from multiple parties: designers, suppliers, manufactures, marketers etc.

Unless TC gets someone on board who really knows this stuff and has very dip pockets - the idea is doomed to fail. What do you think?

Related reading:

Long Line at Citibank

Stumbled upon a funny discussion late last night on FatWallet forums and can’t help post it here. Citibank is where I have my savings and so the title certainly caught my eye.

So I went to my local citibank branch to deposit my $100 pay check (thats righ baby, $100, read it and weep) and there was like 3 people in line in front of me to get to the teller. I promptly withdrawed all $400 of my money at Citibank as obviously they are about to go under. I am contemplating burying the money in my backyard and then creating a secret treasure map that I will keep underneath my pillow. Anyone have any suggestions on the best way to create a pirate like treasure map? What about where to buy high quality booby traps to guard said money (under $400 would be best)? I looked through hot deals but did not see any booby trap deals.

Without question this thread is sparked by the recent IndyMac failure and it would have been funny if the whole store wasn’t so sad.

Are your short term savings in FDIC insured accounts? How concerned are you about the financial situation in the US and possible future bank failures?

Source: Long Line at Citibank at FatWallet forums

Popular coupon sites - June 2008

This is June 2008 revision of the Popular Coupon sites list. You can find the last month revision of the list here.

The change in rating shows the difference compared to May results. This list currently has 25 sites which is the same number as the last month.

There are 26 more coupon sites hiding in my database that didn’t meet the Alexa Rank < 100,000 requirement. Please, enjoy the list of those that made it below.

# Web Site Alexa Rank Page Rank Online Since
1 coolsavings.com 2319 (17.15%) 6 03-Jun-1996
2 retailmenot.com (info) 2776 (8.53%) 6 27-Oct-2006
3 (1) coupons.com 3996 (15.16%) 6 07-Sep-1994
4 (1) eversave.com 4050 (11.18%) 6 08-Apr-1999
5 couponmountain.com 7297 (3.48%) 6 05-May-2001
6 couponcabin.com 11056 (-7.16%) 5 27-Feb-2003
7 coupons.smartsource.com 19587 (16.22%) 6 27-Apr-1995
8 (1) mycoupons.com 24676 (12.42%) 5 16-Feb-1999
9 (1) hotcouponworld.com 25491 (12.88%) 4 15-Jun-2006
10 (2) fabuloussavings.com 27606 (-2.06%) 4 27-Jan-1999
11 (1) deallocker.com 30697 (2.26%) 5 24-Mar-2007
12 (1) ultimatecoupons.com 31000 (-1.21%) 4 02-Jul-2001
13 flamingoworld.com 34771 (-5.12%) 6 19-May-1999
14 (3) couponmom.com 40665 (27.75%) 5 25-Jun-2002
15 wow-coupons.com 41298 (12%) 3 26-Nov-2003
16 (2) couponwinner.com 42928 (5.73%) 5 30-Jan-2006
17 (2) thegrocerygame.com 46195 (22.32%) 5 28-Aug-2001
18 (2) savings.com 48316 (6.42%) 4 20-Apr-1995
19 (1) currentcodes.com 59311 (5.12%) 5 27-Dec-2000
20 (1) valpak.com 60537 (3.42%) 6 22-Jun-1994
21 (3) couponchief.com 68066 (-18.44%) 5 15-Jan-2005
22 couponheaven.com 82864 (3.24%) 4 28-Sep-2003
23 couponshare.com 83610 (3.8%) 3 21-Jan-2002
24 couponseven.com 85508 (7.27%) 3 23-May-2006
25 gogoshopper.com 92355 (1.24%) 4 16-Dec-1999

News that caught my eye this week

Submit Walgreens rebates online

Finally 21st century arrives at Walgreen’s. Kacie from Sense to Save describes how you can submit Walgreen’s rebates online.

I just tried it out, and it was pretty easy. Go to Walgreens.com, click the EasySaver catalog button and click “claim rebates.” You’ll have to register for an account, but it doesn’t take much time.

You’ll enter a unique code from your receipt to show that you’ve purchased an item that generates a rebate.

It saves a stamp and saves an envelope. Gotta love that!

Submit Walgreens rebates online at Sense to Save

Amazon now offers personal checks as a payment option

I can’t believe anyone is shopping online using personal checks. If you are Amazon however that ‘nothing’ can mean millions in revenue that you don’t want to miss on. Amazon is embracing BillMeLater to reach to the check-writing community. The company was founded in 2000 and already offers services over 900 online retailers.

Amazon Now Offers IOUs Through Bill Me Later at Mashable

How retailers tune up marketing campaigns in economic slowdown

This is an interesting roundup from The Walls Street Journal about how different retailers change their marketing efforts in the economic slowdown. Walmart increases spendings to reinforce its discount image and expands $4 generic-prescription-drug program, BestBuy pitches its customers $999 no-interest financing, Costco increases lower end jewelry offerings (priced between $100 and $500), and Lowe’s bombards customers with “project starter” coupons. There are more interesting examples describing how different companies survive the slowdown.

Retailers Recalibrate Pitch To Strapped Consumers at WSJ

Cheap way to practice foreign languages and learn cultures

It looks like Second Life is becoming enough main stream for some colleges to embrace the online community for educational purposes.

Around the world, universities, and even the US Department of State, are turning to online virtual worlds to create cultural exchanges. In these immersive, 3-D environments, users from around the globe can collaborate in ways that were previously impossible.

The online world is creating some interesting opportunities for companies to make money and for students to save on education. This proves what I always believed in - build a powerful platform and your users will find numerous creative ways how to use it.

Study abroad through Second Life at The Christian Science Monitor

Use iPhone to save on gas

Craig Rubens at Earch2Tech rounds up several applications for iPhone that will help you save on gas. The software is sold at iTunes store and goes from $1.99 to free. All these apps in essence offer a cool way to track your car fuel efficiency based on gas fill-ups and mileage data that you will need to enter by hand, nothing you could not do with a notepad and a calculator.

5 iPhone Apps to Help Save Gas at Earth2Tech




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