Woot

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Woot, Inc.
Woot Logo.svg
Screenshot
Woot.com screenshot.jpg
Type of site
Subsidiary
Founded2004
HeadquartersCarrollton, TX
Key peopleMatt Rutledge, Founder (and former CEO)
IndustryRetail
ProductsElectronics, Household Goods, etc.
RevenueUS$164 million (2008)
Increase 39.7% from 2007[1][2]
Employees140
ParentAmazon
Websitewoot.com

Woot (originally W00t) is an American Internet retailer based in the Dallas suburb of Carrollton, Texas. Founded by electronics wholesaler Matt Rutledge, it debuted on July 12, 2004.[3] Woot's main website generally offers only one discounted product each day, often a piece of computer hardware or an electronic gadget. Other Woot sites offer daily deals for T-shirts, wine, children's items, household goods; two other sites offer various items. On June 30, 2010, Woot announced an agreement to be acquired by Amazon.[4]

Sales model[edit]

Woot's tagline is "One Day, One Deal".[5] Originally, Woot offered one product per day until its stock of that item was sold out, or until the product was replaced at midnight Central Time with the next offering. If a product sold out during its run, the next item would not appear until midnight, except during Woot-Off promotions. However, post-acquisition from Amazon, if a product sells out fast enough (generally before Noon CST), a new product will be offered for purchase.

Products are never announced beforehand. This sales model means that defective products cannot be replaced, only refunded. The company also does not provide customer support for the products it sells; in case of problems, customers are advised to seek support either from the manufacturer or through the online user community on the Woot forums.

Woot operates within the one-deal-a-day business model. Customers may buy up to three of the day's item, although the site has occasionally limited product quantity to one per customer.

Woot does not reveal sales figures unless the item sells out or a new item is for sale. Except for Shirt.woot, items are shipped only to the United States, using FedEx Ground, FedEx SmartPost, or United Parcel Service. All items, regardless of size or weight, are shipped for a flat fee.

Woot sometimes sells refurbished items. In 2011, sales of 6,200 refurbished Motorola Xooms included a small number (about 100) which weren't refurbished properly, and may have been sold with data from the devices' previous owners.[6]

Marketing style[edit]

Woot's main site previously featured a daily podcast by Matthew Shultz, that briefly described the item up for sale and included a humorous song or skit. This has since[when?] been replaced by a weekly video podcast. Photoshop contests among Woot forum users for prizes, including cash, free shipping on Woot orders, and the Monkey Prize (typically a random monkey-related item of little or no value) were other promotional events.[citation needed]

Community members have contributed back to the site by offering Woot-related services. These include status checkers, Dashboard widgets, and Windows Sidebar widgets to report when the next product is listed; there are also webcasts and other means to monitor the site's status.

Special events[edit]

The site occasionally deviates from the one-product-per-day model for a "Woot-Off". A Woot-Off lasts for an unannounced length, usually 24–72 hours.[7] During a Woot-Off, products usually sell out quickly, and when one product sells out, it is replaced within a minute or two by a new product. A percentage bar shows how much stock of the current product remains. However, Woot never gives the exact quantity available until after the item has sold out.

Beginning with the "gamma" launch of the Neuros MPEG 4 Recorder on February 9, 2005,[8] Woot has occasionally partnered with another company to launch a new product with a one-day exclusive Woot sale..

Starting in July 2005, Woot began occasionally offering a blind grab bag officially called "Random Crap", in lieu of typical product sales. While today its accompanying picture of a paper lunch bag with a question mark has kept its unofficial name "Bag of Crap", (BOC) it was originally dubbed "Bag of Crap" during the early years of the site when a physical bag of some kind (notebook, iomega zipper bags, etc.) was sold with the 1–3 "craps" and was part of what you were buying.[9] Today, the BOC contains at least three "crappy" items and one bag[10] whose value and quality are not guaranteed, but sometimes expensive items are included. The BOC has been known to sell out in a matter of hours[11]. During the January 25, 2011 selling, the website received a record 3.1 million requests, and the product was sold out within eight seconds.

During April Fool's Day 2008, Woot staged a Woot-Off offering the same product repeatedly,[12] except for a few brief periods when Woot sold Bags of Crap instead. Three years later on April Fools' Day, Woot staged a "Bag of Crap" flash game, which users were instructed to play in order to win the privilege of buying Bags of Crap. On April 1, 2011, eight thousand Bags of Crap were sold. Later in the day, once the Bag of Crap selling period was over, a Woot admin said that there were over seven million attempts to get the Bags of Crap.[13]

Debuting on March 10, 2010, Woot ran limited one-hour versions of the Woot-Off called Happy Hour. These events were promoted solely via Twitter, and did not appear on woot.com's front page.[14] Happy Hour didn't quite work out and was put on an indefinite hold by August 2011.[15]

World of Wootcrap[edit]

A special event was held on July 11, 2014 celebrating Woot.com's tenth birthday.[16]

Related sites[edit]

Woot has created several spin-off sites, some following a similar business model as the main site, others providing other retail-related services. These include:

  • Wine.woot 2006 - 2017
  • Shirt.woot begun 2007
  • Sellout.woot 2007
  • Kids.woot 2009-2017
  • Deals.woot closed 2016
  • Home.woot 2011-present
  • Sport.woot 2012- present
  • Electronics.woot launched 2012 as Tech.woot, renamed Electronics.woot in 2014
  • Tools.woot 2013-present
  • Accessories.woot 2013-2017.
  • Computers.woot 2014 - present

See also[edit]

References[edit]

Citations
  1. ^ "Woot listing in Inc. 5000 for 2008". September 12, 2008. Archived from the original on August 22, 2008. Retrieved 2011-12-05.
  2. ^ Brown, Lisa R. (October 25, 2009). "Woot.com expanding with new South City office".
  3. ^ Woot (July 12, 2007). "The Blog – Random Crap". Woot.com. Retrieved 2011-12-05.
  4. ^ "The Blog – June 30, 2010 – BREAKING: Woot To Be Acquired By Amazon, Then Left To Amuse Ourselves". Woot.com. June 30, 2010. Retrieved 2011-12-05.
  5. ^ "Isn't Woot all about 'One Day, One Deal'? 'What is Woot?', FAQ Q#4". Woot.com. 2013. Retrieved 2013-12-30.
  6. ^ Wong, Wailin (February 3, 2012). "Xooms sold on Woot.com may contain previous owners' data". Chicago Tribune. Retrieved 2012-02-05.
  7. ^ "Woot : What is Woot?". Woot. Archived from the original on December 5, 2011. Retrieved February 21, 2012.
  8. ^ http://www.woot.com/forums/viewpost.aspx?postid=42884
  9. ^ Woot by Wootbot on July 18, 2005 at 12:00 am (July 18, 2005). "Random Crap". Woot. Retrieved 2011-12-05.CS1 maint: Multiple names: authors list (link)
  10. ^ Woot by Wootbot on May 15, 2009 at 5:03 pm (May 15, 2009). "Random Crap". Woot. Retrieved 2011-12-05.CS1 maint: Multiple names: authors list (link)
  11. ^ "This Internet Millionaire Has a New Deal For You". D Magazine. Retrieved 2019-02-27.
  12. ^ Murphy, Samantha (October 2008). "Winning Woot". Chain Store Age. 84 (10): 50.
  13. ^ "The Community: Woots: Random Crap – Level 1". Woot. January 4, 2011. Retrieved 2011-12-05.
  14. ^ "Archived copy". Archived from the original on October 6, 2014. Retrieved July 12, 2014.CS1 maint: Archived copy as title (link)
  15. ^ http://www.woot.com/forums/viewpost.aspx?postid=4578289
  16. ^ "World of Wootcrap". Woot. Retrieved 2019-02-26.
Notes

Bibliography[edit]

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