Sunnyvale, CA (PRWEB) November 18, 2006
Modoshi, a new online deal-shopping community, is helping savvy online shoppers identify the very best of the previewed online Black Friday deals. Through the deal-poster community's well-researched review and informative display of the best bargains, shoppers can research how they want to spend their portion of the estimated $32 billion in online gift budgets.
Early online postings of long lists of apparently discounted merchandise are helping to jumpstart the holiday shopping frenzy and provide Internet buzz - all working to contribute to the estimated 16 percent increase over last year's figures for holiday retail sales. To make some of the Black Friday specials even more enticing, some of the sales are time-sensitive and may last only four hours. Online information on these specials is spreading, with numerous sites simply reposting long lists of discounted merchandise.
Modoshi is an online shopping community created exclusively for sharing deals and is designed to make deals convenient and easy to post, sort, and search. "Deals are everywhere this holiday season and sorting through lists of supposed bargains can easily overwhelm the consumer," says Vaishali Angal, Modoshi co-founder. "For this Christmas shopping season the Modoshi community is hand-picking the very best of the merchant deals, selecting what they know to be great deals, and sharing product descriptions, price history and pictures so shoppers know a lot about the product before making a purchase decision."
"It's interesting to see how many of the preview deals posted around the Web are really not good deals - rather the pricing is not special at all. We have a community of online users who are spotting the best of the best and that's what the site displays," Angal says. "Modoshi site naturally attracts highly selective content as shoppers spot bargains and share it with community. And because we have clean, easy-to-view pages, we think consumers will have an overall better online shopping experience. Plus, for each deal, Modoshi provides a dealrank, a number computed by taking lot of factors like merchant reputation, community votes, list price, merchant price and more into account, to help shoppers better evaluate their purchasing decision."
Modoshi, derived from the Japanese meaning "giving back," is powered by the community of deal finders who post verifiable deals and is used by shoppers who enjoy finding great deals without research. To accomplish the "give back" component, the site rewards deal posters with commission checks when other shoppers buy their deals. The site creates a win-win scenario for both posters who earn commissions and shoppers who can confidently make purchases, knowing they are saving money.
For more information on Modoshi, visit http://www.modoshi.com. For media inquiries and interviews, contact Erica Zeidenberg, Hot Tomato Marketing, 925-631-0553.
Modoshi is a next generation shopping community that helps consumers by channeling their collective intelligence towards saving money. Founded by a team who is dedicated toward providing users with the technology to make it easy to share shopping related information., the seasoned entrepreneurs have extensive experience building world class systems. The founding team comes from online advertising, data warehousing, online search and supply-chain background.
What sets the Modoshi team apart is their passion to develop sophisticated software systems that benefit the community and bring the next-generation shopping experience and savings to all.
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