Launched in 2016, this daily deal website offers one wholesale deal per day to the 3,000+ person email list looking for just one buyer to purchase the deal. When a buyer acquires a deal, they will, in turn, resell the inventory on Amazon.com at a profit.
This daily deal website is unique in that a deal is only ever sold once to a single buyer. With this model, buyers have confidence that they can make a profit on deals that are presented to them. Other competitors sell deals to multiple buyers, which cuts into the profitability when each buyer ends up competing for the buy box on Amazon by lowering their prices.
The operations of the business are straight forward and simple. When a buyer wants a deal, they wire funds to the owner of the daily deal website, who then purchases the goods from one of the wholesale partners at a lower price than the buyer paid. The deal buyer provides Amazon shipping labels to the owner of the daily deal website, who then passes those on to the wholesale partner so the goods can be sent directly to Amazon. With this approach, both the owner of the daily deal website and the deal buyers rarely have to handle the physical inventory. The owner only spends a few hours per week, identifying profitable deals with the help of a 3rd party software tool and by acting as a middle man between deal buyers and wholesale partners.
Today, there are multiple opportunities to scale up this business by focusing on ways to grow the size of the email list to increase the buyer pool as well as to find more partners to source deals from so that more deals can be promoted to the email list. The owner wants to sell this business to focus his attention on other ventures.
Sale Pending: No
First Seen: Thu, Nov 21st 2019
Last Updated: Sat, May 2nd 2020