Nature Jellyfish.com :: Smack Shopping (Read 1078 times)

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Has anyone seen/heard about Jellyfish? It's... Uh... It's basically a shopping website that has a "Live Show". On the live show, they pick an item to sell, and the price of the item goes down gradually by a small percentage until they are sold out. It's really hard to explain, so here's a picture of the item currently on 'sale'.

No one knows how many of the item up for sale are available. It could be one, it could be like five. If you click the item it shows you the best deals you can find from most of the major vendors on the internet, too, so you can make an educated purchase. And then after the item is sold there's an "Outwit The Smack!" where you have to choose the option that everyone else will pick THE LEAST and you win coins. It's all very complicated. But it's really pretty awesome to look around and try out. They've got a "schedule", too. For example, Tuesday from 7p to 9p they sell TV's. Following that the category is 'Photography'. The website is run pretty smoothly, but the pace of everything is painfully slow. Thoughts?
Last Edit: November 29, 2007, 05:18:20 am by JOJOFACE
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Haha, wow what a clever Idea.

In many cases, the only luxury that money buys is time, because if you're poor you can spend a lot of time looking around to find the same item for considerably less. I think this is just another example of that.

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HOW MUCH SHWAG ARE YOU GETTING FOR THIS TOPIC
salary.
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wait I don't understand?  So people wait for it to get as low as it can and then whoever clicks it first gets it?
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Yes, Doktor. The price goes down and down, but they might sell out all of a sudden, so you don't want to wait too long.

It's called a reverse auction and even eBay has them, I believe. Rather than the price going up as people bid, it starts high and goes down. Most people eventually become so worried someone will buy it a second before they do that they gobble it up. The ridiculous thing about reverse auctions is that if everyone agreed beforehand they could get the price down much further before buying the item; but sadly it does not work that.
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Wow, that is one of the most clever marketing ideas I've ever heard of. Man, the guy who came up with that must have gotten a very, very nice bonus. Jesus. I'm a business major and I always try to come up with clever ideas like this but I can never come up with anything this clever. I kick myself after I read about awesome ideas like this.
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Sounds like I'd have a heart attack when all I wanted was my Scrubs on DVD :(
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This is neat but I'd be terrible at it.  I'm getting jumpy just thinking about it.
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This actually is a pretty cool idea. I love unique marketing ideas like this. Clearly, I am a sellout.