|Description||"one deal per day" ecommerce|
Woot.com pioneered the “one deal per day” business model that is now used by several sites across the internet. The basic idea is that only one product is available for sale at any given time and each product is only available for 24 hours. At midnight (US Central time), the product is replaced by a different product. If a product sells out before then, a “Sold Out” message is displayed until the next day’s product goes up.
Woot’s 2007 revenue was $117MM.
On June 30th 2010, the NY Times reported that Woot.com had agreed to an acquisition by Amazon for an undisclosed amount.
Yes, you guessed it. Shirt.Woot.com works just like Woot, but it sells shirts!
Wine.Woot.com uses the same business model as Woot, but focuses on wine.
|Launch Date||July 12, 2004|
Woot.com is an online store and community focused on selling products cheaply. Only one product is available at a time, with it being replaced by another product at midnight (US Central time) each night.
Occasionally the site has Woot-Offs. This is where a new product is launched immediately after the previous product sells out.