Online shopping club Jet.com has been hyped as “part Costco, part mall, and all anti-Amazon” by Businessweek. It’s not even live yet, but it will be like Costco in that Jet plans to make their profit only from membership fees and make no money on actually selling the merchandise to you.
The idea sounds hard to implement online, but the founder is the guy that sold Diapers.com to Amazon for oh, just half a billion dollars.
All this supposedly means that Jet prices will be 10% to 15% lower than anywhere else, including Amazon! Given that a membership will be $50 a year, I was interested to learn that Jet is giving out a free 6-month membership to anyone who signed up via a Jet Insider referral link. The more you refer others, the more perks you can get. Given that I only found out about this today, I’m currently ranked #303,977, and there is only 3 days left in this promotion, it is unlikely that I’ll get the coveted free shares of Jet stock given to the top 10. Ah well. Maybe just let me in on the IPO? 🙂
The Jet Insider program will end on February 6th, 2015, at 11:59 am ET.
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https://jet.com/#/ji/cr2ks – Feel free to use this link to get 6 months free membership. Thanks!!
I’m getting a “Oops! An error occurred. Please try again.” when I type in my email address – anyone seeing the same thing?
I get the same oops message.
Try a different browser? I have some issues with the pages loading at times too.
When I wrote earlier I had received the opps message while using Google Chrome. I have since tried IE and Firefox and get the same oops message from all three browsers.
Interesting – signed up. What the heck, it’s free. 🙂
Sounds too good to be true!
Hmm. Looking into this only briefly it sound more like a paid-membership eBay alternative as opposed to an Amazon competitor. Yes, they claim to only make money from the membership fee, but that is because they aren’t directly selling any of the goods. They are apparently just going to run a website to let third parties sell things. So its like eBay, or Amazon Marketplace, etc. I don’t get how they can claim the prices will be lower than anywhere else as they won’t be setting the prices since they aren’t the sellers themselves. Smells a bit fishy to me, but I signed up anyway. We’ll see.
thanks. Signed up. Read about them. I spend a lot on amazon, looking fwd to testing these guys.
Jonathan, they ask an access code.
Don’t mind. I understood you have to sign up as an insider. Thank you.
When do you get the access code?
For now, you just enter your e-mail and join the Jet Insider program and when it all ends your prize will get sent to you (6-month, 1-year, etc)
You are not signing up for Jet, as you don’t have an early access code. You are signing up for Jet Insider, which will give the top 100,000 an early access code when the contest ends. The good news is that all Jet Insiders will get at LEAST a free 6-month membership to Jet when it goes live to the public.
Hey Jonathan
The contest is over. I’m curious (like I’m sure others) what rank you got? (ps i signed up using your link) Hope you in the top 100k!
I’ll report back once I get the final results, but I actually did pretty well thanks to you guys! I mistyped, only the top 10 get stock shares and I really doubt I’ll get anywhere near that.