Woot – a new retailing business model

Happy new year 2005 everyone. I am vacationing in Greece and i thought why not collect all the different business models on our blog, especially the innovative ones.

As the first one, i decided to log Woot. Just when you thought there is nothing new to do in retailing, this company comes up with a catchy idea. Everyday at 12 CST, they post a single product, which is usually much cheaper than anywhere else. This product is on sale untill all the stock is sold. The product is on sale usually is something cool like the Robosapien or the mini-Hummer model (both of which i bought from woot). I have heard that many people log on at midnight just to check what is on this site. The whole idea is very thrilling, mysterious and at the same time a great deal.

Woot.com shows that you can still compete in this world through innovation and not succumb to the Walmart-driven cost-is-everything phenomenon.

If you notice any new business idea, please blog them to this category.