
The first rule of PriceFight is you tell everyone about PriceFight.
Okay, it's in Austin Texas and it's still in beta, but PriceFight is still worth a mention if only for the fact it recognises that price is only part of the purchase process.
It’s a shopping search engine that offers
a metric it calls “Peoples’ Choice” in addition to
displaying which merchants sell an item at the lowest price. Merchants
are rated on the fly based on the number and rating of anonymous
shopper purchases plus other details in a proprietary algorithm.
The company says that “not all prices are equal” and
that merchants also need to be evaluated in regards to customer
service, hidden offers and other less tangible factors. Price Fight CEO
Michael Griffin says the goal is to “pick up on trends like
limited time offers or special rebates that are otherwise hidden on
many price comparison engines.”
After performing a search, shoppers are shown a comparison between
retailers by the two major metrics (lowest price and Peoples’
Choice) and a report card for the store. Report cards show ratings
overall, for delivery speed, customer service and a summary of return,
security, shipping, and tax policies.
The site currently searches over only twelve large merchants and is
focused on consumer electronics, but the company says it aims to expand
its reach quickly. The Peoples’ Choice feature and merchant
ratings have been compiled over the past seven months.
I like the idea here, though it doesn’t seem like it would be
very hard to duplicate. Perhaps the biggest challenge would be to
populate a system meaningfully before you open the doors to the public
so it provides immediate value. Perhaps too the mystery algorithm for
Peoples’ Choice will prove particularly valuable over time. Price
Fight has been well designed and has a good URL. It’s nice to be
able to compare things like shipping and customer service.
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