Daily Steals recently rolled out its latest innovation, a new way to not only get the craziest deals possible on popular products, but play along with other shoppers to actually make the deals happen!
Since the beginning of the Internet, retailers have strived to bring new and exciting ways to shop and save to their customers. The goal is to make the shopping experience not only rewarding, but actually fun. Can shopping online create the same social experience you might have going to the mail with a group of your friends? Welcome to Crowd Sourced Discounts.
How Does It Work?
We spoke with Ishai Reinfeld, Daily Steals’ CEO, about how Crowd Sourced Discounts work.
“Offers will be weekly, announced a day to two days prior to launch, and the deals will always be 3-5 days,” Reinfeld said. “We will always make sure to start our Crowd Sourced Discounts at what everyone would already consider ‘a great deal’.
“We then create tiers for even bigger discounts when we can guarantee how many units we are ordering from our suppliers. Daily Steals always guarantees the best price on products, and when it comes to the higher tiers with our Crowd Sourced Discounts deals, you won’t find prices anywhere that come close to what we can offer.”
In On The Deals
What Daily Steals is doing is giving customers the same purchasing power as the big retailers have. The more people who buy, the more product can be ordered, allowing for a better price. When a deal is posted, there is a target number of pledges that must be achieved to get the deal and reach the best possible price. The more people get involved, the bigger the savings.
Getting Social With It
That’s where the fun comes in. You visit Daily Steals Crowd Sourced Discounts and see a really amazing deal on a phone, or fitness band, or other cool product you want. You pledge and hope the deal closes. Really want the deal to happen? Share it on your social media, get your friends involved, make it happen and everyone wins. Daily Steals is even giving away special prizes to people who share the deal the most.
Does It Actually Work?
Ok, this all sounds great, but does it actually work? The Crowd Sourced Discounts program has only been running for a couple of weeks, and we asked Mr. Reinfeld how things have gone so far.
“The first round was a huge success! To be entirely honest, this was new territory for us; a concept that we thought we’d have to convince people to buy into. The results we got back were surprising in that thousands of people participated. We successfully hit on half of our goals, and people are excited for this program’s next release.”
What’s The Risk?
There’s no risk, really. If a deal doesn’t reach the required number of pledges, the deal ends, and you’re not charged anything. If the deal goes through, you’ll pay the listed price and, who knows, if a deal really catches fire, maybe you’ll even pay less!
Join The Community
Daily Steals is about community. The mission is to find great deals on top products that smart shoppers can take advantage of. Sometimes the only thing better than getting an amazing deal is being able to talk about it. Who doesn’t love someone who can get them in on something good?
“The advantage is the opportunity for everyone to have a voice and play a serious part in contributing discounts for the entire community,” concludes Mr. Reinfeld. “To know that because of you, everyone is now saving more, is really exciting. We are able to offer serious discounts when we can guarantee order quantities.”
Check out the Crowd Sourced Discounts at Daily Steals each week, join in on the fun and let the deals roll in!