The tricky bit is who cancelled the order I think, Jet uses a "speculative" pricing model as far as I can tell, they think they can get you that price but then will bail if they cannot, see https://jet.com/purchase-terms so if you order something and you think "wow I got a great price on that." and then you get email that the order was cancelled because they couldn't get the purchase to go through, you would be annoyed.
If they want to run a website where you "might" get something at a great price, that's fine - but they have to advertise it that way and instead of a "buy" or "checkout" button, they need to say "I feel lucky, maybe they will ship me this, but maybe not"
If they were straight up about it with good communication, that's fine then. But they cannot pretend to be as good as amazon when they are not even a shadow of amazon.
I have never, ever, in a decade of ordering from amazon had an order canceled. Never. They even let you order things sometimes that they list as "out of stock" but will be fulfilled when re-stocked and they keep you informed about the progress.
Even "lightning deals" are carefully measured with exact quantities remaining.
With jet, I've already experienced cancels twice and now pretty much don't plan to use them for anything I actually need. They do not have their own stock, they do not have a realtime inventory system with any of their vendors, and apparently either vendors lie to them about available stock or they allow people to order more than what is on hand.
We are basically beta testing jet for them. And I don't quite get what their business model is, we already have ebay which allows vendors to list products as a third party.
Almost certainly not. Jet isn't an established business with real traction/growth cashflow. This is definitely a real venture play. It'll either work and they'll be huge or it won't and it'll be worthless.
Value America was another good one - I never even noticed them when they were active but there was at least one moderately entertaining book about their antics that made my own adventures in the dot.com boom seem quite tame.
Are they actually relying on dropshipping? At scale this could be problematic unless they have really reliable dropshippers to work with. Witness for example the customer service issues this caused Fab.com.
However, I've found the site to be a bit strange at times regarding pricing due to their inventory model. For example, a month ago I bought a large pack of diapers for around $30. A very good deal. Then, a few weeks later when I chose the the option to purchase the same item as before, the same pack of diapers appeared as $80. Very strange.
I've found similar pricing irregularities throughout the site. It's still very possible to find good deals, but I feel that people will be wary to use the site regularly if they cannot count on the item they want always being in stock at a competitive price. Perhaps I'm using Jet the wrong way. It's very possible that they don't care about being a one-stop shop like Amazon, and instead want to rely on traffic from very specific hits through Google Shopping. Regardless, it seems like they need focus, as right now the site seems to be in limbo.
"...Smartest way to shop and save on pretty much anything"
I think someone should explain to them what "smart" and "saving" mean. I just browsed some of their stuff and it seems that pretty much everything they list has a 20-40% markup over getting it at actual smart places, let alone just at a regular store. "Smart" for them if they can trick people? Is that the point I'm missing?
Wal-Mart has over 4500 forward shipping centers throughout the country and can leverage them to beat Amazon prices. Walmart would be able to leverage the Jet.com tech brand cache and technology stack, a place where Walmart as a brand has utterly failed to capitalize.
I'm curious what they did for due diligence. There are a lot of complaints about how Jet works (or doesn't), how scammy sellers are doing bait and switch, and how customer support isn't helpful. Their reputation isn't very good. I know I won't order from them until they add seller transparency and better support.
Great prices, at least after their recent 20% discount. Got (5 cases!) cat food for less then it would cost locally and it gets delivered right to the door!
I can't imagine they made any money off me. I might even be a 'loss leader'.
If $500M from Fidelity keeps the ship floating for a while, God bless them!
The main problem I have with Jet.com is that never have I or anyone I know (limited in breadth but still) thought "well, Amazon isn't providing me with what I need so I'll go to jet.com for this"
If anyone has had an experience like this I would love to hear it.
Of note, Jet.com uses F#. Business model aside, at least this might quash complaints from founders or managers that F# isn't useful or might decrease valuations (I've actually heard that one)
I heard their CTO give a talk that F# was an advantage for them because being based in NYC there are a lot of F# developers due to the finance industry. Your mileage may vary outside of NYC.
Interesting. Though for any significant codebase, I can't imagine F# being the limiting factor. Any C# dev that couldn't work with F# probably isn't someone you want to hire in the first place. (Goes for pretty much any language.)
Hope it's not true. Love to see competition in retail. Some of their ideas around up sells and targeted offers are completely obvious and yet no one is doing it. So tired of looking for and purchasing a product on AMZN or any other eComm site to be bombarded with offers for the same product or similar products. If I searched and purchased a red stapler on your site don't give me ads for another stapler, try and sell me staples or maybe paper. Just not another stapler. It's not a consumable.
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[ 3276 ms ] story [ 268 ms ] threadGoogle for jet.com and "order canceled" and you'll get the idea.
It's a strange business model.
Not sure what they are doing with half a billion dollars since they don't stock any inventory themselves like Amazon.
I mean I welcome any competition that brings my cost down as a consumer, but jet so far has been pretty much half-*ssed.
If they were straight up about it with good communication, that's fine then. But they cannot pretend to be as good as amazon when they are not even a shadow of amazon.
Even "lightning deals" are carefully measured with exact quantities remaining.
With jet, I've already experienced cancels twice and now pretty much don't plan to use them for anything I actually need. They do not have their own stock, they do not have a realtime inventory system with any of their vendors, and apparently either vendors lie to them about available stock or they allow people to order more than what is on hand.
We are basically beta testing jet for them. And I don't quite get what their business model is, we already have ebay which allows vendors to list products as a third party.
They did the same discounts and went under, bought by rakuten which then promptly exposed customer credit card info.
They are limping along today.
I suspect jet.com's end game is to be bought.
Proven to go bust, that is.
However, I've found the site to be a bit strange at times regarding pricing due to their inventory model. For example, a month ago I bought a large pack of diapers for around $30. A very good deal. Then, a few weeks later when I chose the the option to purchase the same item as before, the same pack of diapers appeared as $80. Very strange.
I've found similar pricing irregularities throughout the site. It's still very possible to find good deals, but I feel that people will be wary to use the site regularly if they cannot count on the item they want always being in stock at a competitive price. Perhaps I'm using Jet the wrong way. It's very possible that they don't care about being a one-stop shop like Amazon, and instead want to rely on traffic from very specific hits through Google Shopping. Regardless, it seems like they need focus, as right now the site seems to be in limbo.
I think someone should explain to them what "smart" and "saving" mean. I just browsed some of their stuff and it seems that pretty much everything they list has a 20-40% markup over getting it at actual smart places, let alone just at a regular store. "Smart" for them if they can trick people? Is that the point I'm missing?
Wal-Mart has over 4500 forward shipping centers throughout the country and can leverage them to beat Amazon prices. Walmart would be able to leverage the Jet.com tech brand cache and technology stack, a place where Walmart as a brand has utterly failed to capitalize.
Great prices, at least after their recent 20% discount. Got (5 cases!) cat food for less then it would cost locally and it gets delivered right to the door!
I can't imagine they made any money off me. I might even be a 'loss leader'.
If $500M from Fidelity keeps the ship floating for a while, God bless them!
If anyone has had an experience like this I would love to hear it.
http://www.businessinsider.com/jet-is-reportedly-close-to-ru...
Hope it's not true. Love to see competition in retail. Some of their ideas around up sells and targeted offers are completely obvious and yet no one is doing it. So tired of looking for and purchasing a product on AMZN or any other eComm site to be bombarded with offers for the same product or similar products. If I searched and purchased a red stapler on your site don't give me ads for another stapler, try and sell me staples or maybe paper. Just not another stapler. It's not a consumable.