LAS VEGAS, NV - JANUARY 10: The Colby MID-9742-8 tablet is on display at the 2012 International Consumer Electronics Show at the Las Vegas Convention Center January 10, 2012 in Las Vegas, Nevada. CES, the world's largest annual consumer …
Everyone is familiar with Priceline, where you name your own price for airline tickets.
Well, what would you think about naming your own price for electronics? That's what a new online retailer is offering.
Greentoe is a web startup that some are calling Priceline for tech gadgets. You can find it at www.greentoe.com.
You sign up, find a product you want, such as a camera or TV, and make an offer.
Greentoe shops your offer to dozens of retailers to see if any are willing to sell you the item at a lower price.
Just like with Priceline, however, your offer must be reasonable. Example: Greentoe cites one customer who got a $263 Fuji camera for $213. Notice that it wasn't half price, but was a decent discount.
Not a Penny Auction Site
This is not one of those websites claiming to offer new iPads for $39,or other ridiculous markdowns no one really gets.
You wont find those at Greentoe.
Fast Company magazine says it was started by a New York based web entrepreneur who asked why the Priceline model couldn't work for big ticket electronics. We'll soon find out.
As always, don't waste your money.
Don't Waste Your Money is a registered trademark of the EW Scripps Co.
"Like" John Matarese on Facebook
Follow John on Twitter (@DWYM)
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Top Consumer Headlines
Chip Wilson is stepping down as chairman after raising ire with his comments about the body types of potential buyers of the retailer's yoga pants. The company also named a new CEO.