261–268 of 268 posts
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Honest question: do any readers here really order from walmart.com ? I am surprised they sell much at all, based on how much I personally have ordered from them (never).
I've ordered a few times in the last couple months. They were cheaper than anywhere else (by a few bucks) and I did the store pick-up option to avoid shipping costs. In my experience, it's pretty quick shipping and the products are good quality
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My own observation is that the bets hardly ever pay off. Microsoft/Nokia is a great example but there are plenty of others. Maybe it's just confirmation bias, but I have trouble thinking of one counter example.
NeXt. Paypal. iTunes. Maybe Skype
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I use them regularly. Mostly for items that are cheaper than from Amazon. Also with money from their cash back program, Jet Anywhere. I would suspect one portion of it is their dynamic pricing model. I wish there were more info publicly available about the mechanics.
> I would suspect one portion of it is their dynamic pricing model. I wish there were more info publicly available about the mechanics. It's a pretty simple transfer of VC money to customers in an attempt to increase growth.
I guess it worked.
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Jet.com is a disaster of a company fundamentally. How so?
They don't have any margins. When a consumer buys a product on their site - they have employees purchase from retailers or suppliers and ship. So they've been eating the cost of shipping and overhead with no margins and have zero loyalty because they don't really have a unique value proposition. They failed with their initial subscription model. They say they can keep costs low with their technology and rewards based…
Walmart brings the solution to that to the table. They already have the merchandise, and infrastructure. While the general opinion of Walmart is that they are terrible, Walmart's distribution and transportation infrastructure is King in that world.
Currently Jet.com fulfills orders by just going to the stores and purchasing and shipping.
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You can Google "Amazon phone number" to speak to someone human...
I did, they want me to fax credit card details to their fax number (who the hell uses fax in this day and age?) which I done and no reply I doubt anyone monitors it, everytime I ring them they bounce me from idiot to idiot I now need access to some invoices for purchases I made last year for accountant but cant login, and of course all my digital purchases are gone, the 2 kindles are useless.
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They don't have any margins. When a consumer buys a product on their site - they have employees purchase from retailers or suppliers and ship. So they've been eating the cost of shipping and overhead with no margins and have zero loyalty because they don't really have a unique value proposition. They failed with their initial subscription model. They say they can keep costs low with their technology and rewards based…
> When a consumer buys a product on their site - they have employees purchase from retailers or suppliers and ship. Walmart brings the solution to that to the table. They already have the merchandise, and infrastructure. While the general opinion of Walmart is that they are terrible, Walmart's distribution and transportation infrastructure is King in that world. Currently Jet.com fulfills orders by just going to the…
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> When a consumer buys a product on their site - they have employees purchase from retailers or suppliers and ship. Walmart brings the solution to that to the table. They already have the merchandise, and infrastructure. While the general opinion of Walmart is that they are terrible, Walmart's distribution and transportation infrastructure is King in that world. Currently Jet.com fulfills orders by just going to the…
Yes, that's exactly what I wrote. :)
Thanks!