Woot

Woot
Woot!
Startup/business
Carrollton, Texas, United States United States
http://www.woot.com
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Company description

Woot.com pioneered the “one deal per day” business model that is now used by several sites across the internet. The basic idea is that only one product is available for sale at any given time and each product is only available for 24 hours. At midnight (US Central time), the product is replaced by a different product. If a product sells out before then, a “Sold Out” message is displayed until the next day’s product goes up.

Woot’s 2007 revenue was $117MM.


Business model

Eagerly seek out sourcing (product) opportunities in periods of economic volatility. As a discount retailer and a opportunistic stocking cash-flush distributor periods of economic downturn for us are growth opportunities. Not to tap dance at a funeral but we’re projecting record growth and will double our workforce in 2008.