Announcing the launch of BicycleMob.com – There’s Power in Numbers.

only thing with that is if nobody wants to pay $100 for that item, it'll never reach $60

 

I think we all understand that. The point is why are people "willing" to pay more up front (by committing to buy at "x" price) not knowing what the final price will be? A 10-20% discount is hardly a discount nowadays with all the price wars and online deals.

 

I gotcha

 

Maybe a better way is to offer an item at the lowest price-point, however the orders would only be processed if X people have ordered by the end of the day. If not, then the person has the option of ordering at the next highest price or cancelling the order altogether.

 

^ what he said. I agree that this will be the way to jump start bids early in the day.

 

Great concept! I agree the items need to really step up.

Also talk to your tech guys and have them fix your DNS pointers, they should be *wildcarded for browsers that don't support non-www

 

Wonder what the original MOB thinks of the name.

http://www.themobshop.com/

 

Thanks for the feedback, keep it coming. Sorry I missed your question, for some reason STR did not notify me of updates to this thread.

To be clear, no one "pays more". When the deal is over, everyone pays the same price. If you completed checkout and reserved stock for your order at $60, and the price falls to $50 as more people join in, you'll only pay $50, not $60.

In that circumstance, we think you're going to find that $60 is already going to be a super deal, and you'll also be incentivized to bring in others to drive it down to $50. If that didn't happen, you'd still be getting a great deal at $60.

Thanks!

 

Thanks Lucky! That seems like an easy fix, I'll bring that up.

 

And just like that it's gone?

 

Wow, that sorta came out of nowhere. They never posted anything really exciting or useful in the last couple of months. It always felt like they were using the Mob to showcase old and forgotten items that Jenson couldnt sale normally.

 

I think they went out with a bang. I think the last item was a Reverb post

 

I thought it was some Bern Knee pads

 

...

 

It's a variation of a Vickrey auction. I like it.