SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

Reply
 
Thread Tools Display Modes
  #1  
Old March 24, 2013, 09:03 AM
Dien Rice Dien Rice is online now
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,655
Default Online store where you pay $10 for... *something* (mystery product)

This is a bit of a weird one.

There's an online store where you pay your $10 bucks and get... something.

The thing is, you don't know what it is! (Until you receive it.)

They do guarantee that it will be worth at least $10, though.

Interesting concept...

It's called "The Something Store"... I just mention it as a weird online business, which is apparently making money... (It's been going for about 5 1/2 years now...)

http://www.somethingstore.com

Best wishes,

Dien
Reply With Quote
  #2  
Old March 24, 2013, 11:59 PM
Phil Phil is offline
Senior Member
 
Join Date: Sep 2006
Posts: 1,857
Default Re: Online store where you pay $10 for... *something* (mystery product)

Thanks Dien,

I think you posted a similar but different type of related concept on SowPub's years back...

Not exactly sure But still interesting, maybe it's the same one years later...

Lessons to Learn and Think about...

Of course, well worth Digging into and Throughout their business model...

To Analyze more about what they Might be doing... Even more intrigingly!

Other possible ways of Spinning their Ideas into Even more Specialized products and Opportunities...
https://www.google.com/search?q=+htt...ient=firefox-a

Bingo! ...

A few Times over...

Notice all the Ideas... Advertising related Concepts and much, much more Built-in, here, there and something just about Everywhere...

Definitely! Some interesting, Scanning, reading, Lessons and Ideas...

Worth Thinking about more with other Web related opportunities...

Fresh new up-and-coming Trends etc., etc...

Specialized Niches, Especially! ...

http://www.somethingstore.com/somethingnot.html
http://www.somethingstore.com/webandmedia.html
http://www.somethingstore.com/customerreviews.html
http://www.somethingstore.com/blog/index.html

Bingo! ...

A few Times over...

The Wharton Business School Study on SomethingStore
by Sami Bayrakci...
http://www.somethingstore.com/blog/w...hingstore.html

All the best,
Phil

Last edited by Phil : March 25, 2013 at 12:10 AM. Reason: additional info...
Reply With Quote
  #3  
Old March 25, 2013, 06:50 AM
-TW -TW is offline
Senior Member
 
Join Date: Sep 2006
Posts: 723
Default How about this idea?...

They pay $10, then they watch live webcam of large turtle being put into center of a circle which is surrounded by 10-12 different paper bags (evenly spaced around the circle).

The turtle "chooses" one bag (by crawling closest to it).

All the other bags are tipped out, one by one, to show what prizes were in them.

Then the "chosen" bag's contents are revealed -- and that item is sent to the purchaser.

I don't believe that's a lottery cuz the purchaser will DEFINITELY get something of some worth.

Anyhow, just an idea.

Cheers.

-- TW
Reply With Quote
  #4  
Old March 25, 2013, 12:14 PM
Dien Rice Dien Rice is online now
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,655
Default Phil... that's a great find!

Quote:
Originally Posted by Phil View Post
Bingo! ...

A few Times over...

The Wharton Business School Study on SomethingStore
by Sami Bayrakci...
http://www.somethingstore.com/blog/w...hingstore.html
Thanks Phil,

What a great find! That article is fantastic!

I thought it was interesting that they got ~50% of their products from wholesalers, and ~40% from liquidated stock. I would have thought that a bigger percentage of their gifts would be from liquidated stock, since that could probably give them a bigger profit margin (as liquidated stock can often be bought below the wholesale price)... However, by getting more of their gifts from wholesalers probably allows them to provide a wider range of "mystery" gifts...

I think the pleasure can be a little bit like that of a slot machine - except that you always get "something" when you push the button/pull the lever/buy the mystery gift. Every now and then, if you buy enough "mystery" gifts, you could hit the "jackpot" and get something really worth it! However, it's the thrill of the surprise which is half the fun...

Best wishes,

Dien
Reply With Quote
  #5  
Old March 25, 2013, 07:05 PM
-TW -TW is offline
Senior Member
 
Join Date: Sep 2006
Posts: 723
Default Re: Online store where you pay $10 for... *something* (mystery product)

If there's a chance you wind up with nothing, that would be illegal (lottery).
Reply With Quote
  #6  
Old March 27, 2013, 07:21 AM
Dien Rice Dien Rice is online now
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,655
Default Re: How about this idea?...

Quote:
Originally Posted by -TW View Post
They pay $10, then they watch live webcam of large turtle being put into center of a circle which is surrounded by 10-12 different paper bags (evenly spaced around the circle).

The turtle "chooses" one bag (by crawling closest to it).

All the other bags are tipped out, one by one, to show what prizes were in them.

Then the "chosen" bag's contents are revealed -- and that item is sent to the purchaser.

I don't believe that's a lottery cuz the purchaser will DEFINITELY get something of some worth.

Anyhow, just an idea.
Hi TW,

I'm not sure of the practicality of using real live turtles, but one thing I like is your ideas are sure original!

Some electronic version of the idea could be doable, though. It kind of makes it like a game show.

Best wishes,

Dien
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 04:43 PM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.