DealDash Math Exposed!

Hey DealDashers!

Hope you enjoyed the video! Thanks for watching.

Transparency has always been one of our core values here at DealDash.

With such a unique concept like ours, it´s very important for us to be fully transparent about everything we do.

So we´ve decided to lay all the cards on the table and tell you what it´s really like to run a company like DealDash.

This post is a little longer than usual, bear with me though, you might just get some great strategy out of it!

On a daily basis we run into people who ask questions like “how much money do you make per deal?” and “what´s the average return on a sale?”.

Well, we thought that it´s about time that we´de share the answers to these and other questions with you and the community.

Like many of you know, here at DealDash we simply love data. 🙂 Let´s take a look at last month (July´s) figures:

Out of almost 4,000 deals sold in July:

– 55% of deals got sold during the first 10 minutes

– 77% of deals got sold before they hit $1.00

– 8.8% of deals got sold for only 1 to 2 bids placed! (That´s almost one in ten deals that get sold during the first 2 bids placed!)

– More than 100 deals were sold at only 1 bid placed!

– Our gross margins (the cash we keep between buying the products and selling them to you) were less than 25%. That´s before paying all the other bills.

So for every $100 we took in through sales, around $80 was used to simply buy the brand new products we have on the site.

Because we get to buy the products a little cheaper than what an average shopper could

(typically about 5-10% less than what they retail for at major stores), by the end of the day, you actually end up paying only

a little bit more than what you would if you would go and buy the same products from one of the giant retail corporations like Amazon or Walmart.

That´s taking into account all the money spent buying bid credits without winning, so with an average strategy you end up paying just

a little bit more than what you would if you would do normal, mundane shopping. Let me ask you a question, what´s more fun;

A) Browsing through a static, online catalog at a major retail corporations website and buying the product you are looking for.

or

B) Finding a product you love and competing for it in an exciting DealBattle with other shoppers to see who gets the best deal, possibly winning it for 96.8% off?

Sure, somebody else will win the deal sometimes. But even taking that into account, an average DealDasher only pays a

few bucks more for every $100 worth of products they buy from DealDash. With just a slightly better strategy than the average bidder,

you´ll be able to consistently score great deals while having the time of your life on the site!

There´s a lot of work that goes into running the site, our small team of tech entrepreneurs work around the clock to ensure

a safe and smooth web environment. We work with our suppliers to make sure products are delivered on time, we handle

technical issues, answer thousands and thousands of emails (coming from your’s truly Dave;), ship thousands of products

through our supplier network, pay salaries and office rent, not to mention the almost $10,000 bill every month just for operating the network of servers that run the site!

The money that is left by the end of the day is usually spent on trying to build more buzz for what we do (some people call it marketing) and develop cool new features.

We do the very best job we can with the goal of providing the most engaging competitive social shopping experience on the planet.

It does seem that our approach is working quite well, during the last few months alone, our userbase has grown to more than 110,000 users.

All based in the US. That´s 0.06% of the US online adult population. (We hope to hit 6% soon 😉 Unlike many of our competitors we haven´t

spent a lot of money on marketing, most likely you heard about us from a friend. You vote with your dollars where you chose to spend your

money and as long as we do a kick-ass job, we´re sure we´ll see you back tomorrow!

We´ve been around for a while, in fact we started working on the site already during the first few months of 2008, we had our launch in February 2009

and since then we´ve been constantly evolving. If you´re reading this, you´ve probably been with us for at least a few months.

By now you´ve probably won a few super deals on the site and perhaps you´ve lost a deal or two as well.

So where do we see the future going?

-Who knows, all we know is that we´ll continue to do what we know best, and provide you with the most engaging competitive social shopping experience on the planet.

Our vision is very big at DealDash and we´re pretty certain that we´re playing a part of changing the world and the way we shop online.

Have a great weekend!

Dave & the team

P.S.

Be part of the community and follow us on Twitter! (Click here)

Congrats New Users!

Hello! Hope everyone is enjoying the hot summer!

It’s already Mid-July and there have been several changes to DealDash recently such as the credit price drop as well as lower bid increments. We think this is so much better for you and are glad to hear that you are enjoying it too! Additionally, it’s great to see so many users that LIKE DealDash on their Facebook accounts – we like you too!

I want to give a shout out to some of our First Time Winners – Congrats to twill1805 for racking in a couple DVD’s at amazing prices and to Bossof1 for your recent wins of Amazon Gift Vouchers + credits, taking one home for $0.02 cents – that’s fantastic! Also to msunny – what are you going to do with all that gum? 😉 Finally to blastoise74 – winning 30 Credits for 1 cent, way to go!

Good luck to all of you and I hope to see you win some more amazing deals!

Catch ya later,

Dave

Great news!

I have some great news to share with you…
The new lower prices are here to stay!

We´ve received so much great feedback during the weekend
that we simply couldn´t push the prices back up!

Talk to you soon!

Dave & The DD Team

Big Changes!

Hey Everyone,

I got some great news for you all. On Thursday at around 8am we cut bid prices amazingly from $1.00 to $.60. Along with that we reduced the amount bids add from $.05 to $.01. This means that not only is it cheaper to place bids but the products are also cheaper. But listen, I made sure also that for those of you with credits already in your account that you get compensated for this. So if you had 10 credits now you have 16, if you had 100 now you have 166, etc. We are not entirely sure how long we can sustain these prices so you should definitely take advantage of this now. You can purchase BidPacks with assurance that in the future that if we need to raise the bid prices we will not be taking away your bids. You can trust me on this.

Well that’s about it, oh and remember to check back here again on Monday when we make an announcement about whether or not we will be keeping this pricing structure. I am really excited to see the possibilities with this and hope that you win some great deals even better then before!

Take a look at here for more information.

Catch ya’ later!

-Dave & The Team

Winners of Survey Contest!

Thanks so much for filling out our survey last week!
We received thousands of pages of feedback and just like promised, we´re reading through each and everyone of them.

Some of you had some great ideas that we can´t wait to implement and others suggested some improvements to the existing platform.
Thank you for that!

The winners (selected at random by username) of 100 Credits are:
– meeka720
– VanessasSecret4
– Kp111994
– occupant
– momnguitarman

If you didn´t win, stay tuned. There will be more awesome promotions coming up soon! 🙂
Dave & The DealDash Team

BidBuddy is Back!

Hey there!

Please welcome your friend BidBuddy back! He was on about a 2 month well earned vacation and has now returned refreshed and feeling good. Unfortunately we had to let Autobid go, however we think it was the right decision. We hope you enjoy your old pal BidBuddy!

For those of you who don’t know, the BidBuddy allows you to compete for deals by automatically placing bids for you! You can set and cancel the BidBuddy whenever you like 🙂

Catch ya’ later – Dave

Power Hour!

Hello –

Check out the Power Hour video we just created! All DealBattles counting down at the same time!

I gotta feeling….. that tonights gonna be a good night! That tonights gonna be a good good night!

Catch ya later!

Dave