3Luxe: A $500K Virtual Investment
Posted by Andrew | Posted in Startups | Posted on
Tags: $500K Virtual Investment, advertising, Advisor Garage, Million Dollar Startup Game, one to watch, search, Startup, Startups
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3Luxe.com is a product search engine with a difference…other search engines use algorithms, numbers and fractions as the cogs and wheels to regurgitate a whole string of very near misses to everyone that plugs in a search phrase. 3Luxe uses no algorithms or numbers…it more relies on the taste and interpretive skills of its founder and pooled review site results to determine the top 3 products currently available.
Like Flash floor cleaner and hundreds of P&G commercials, draw a line down the middle of your computer screen and compare and contrast – on one side you have a big complicated machine delivering a homogenized gloop of product results to anyone that asks and on the other side of the screen, the three best products in any given category according to the 3Luxe founders.
Business Model:
- Advertising from key manufacturers who are ultimately lucky enough to have their product/s in one of the top three results
- Affiliate links with Amazon or Shopzilla et al when people take the next step after the search and review and treacle forward towards purchase
- Google ads (ugh!)
Some Core Functionality/Elements:
- Um…Search!
- 3 Results only of perhaps the most expensive but kick butt products you can find in any given category
- Thumbs up or thumbs down vote for any of the items returned
- A very cool drop down of review results from cnet and others, along with consumer reviews from other sites
- Bookmarking
- Send to friend
- Comment posting for all items
Likes:
Like, Like, Like. This site is well built, thoughtful, intuitive and not surprising the Worple Brothers have got it right…I say not surprising because Doug Worple, the CEO is another former proctoid that went on to create what looks to be a very cool creative / advertising agency called Barefoot. Like it or not, the great advertising agencies are helping to shape the tastes and desires of us all…so it is not a shock that by combining their own tastes for items with consumer reviews from multiple sites they are delivering product results that actually seem to be the best 3 luxury items. I guess my original concern was “What makes these guys able to choose the best three items that I’m going to like?” – but in a sense, better to combine the science of review sites such as cnet with some degree of taste than relying upon the Google number crunchers. This business model opens up a number of now obvious business opportunities i.e. segmented product search engines according to demographics – so now we have the ‘A’ search engine, anyone up for creating the ‘B1′ product search engine?
Dislikes/Suggestions:
- The home page has more of a ‘website’ than a search engine feel. You could argue that this is so different that going for the minimalist search format is wrong – but the current look and feel of the home page is almost of a templated website.
- Taking a note from P&G brand training – too many fonts, and no clear obvious focus for the eye causes confusion in terms of what are the priorities on the page. We have caps competing with flowing scripts with more modern fonts, moving photos and all in all its a great concept which, from a design perspective, needs some tweaks.
My Virtual Investment:
With my virtual $1M, I would consider it a luxury if I were able to make a $500K virtual investment in 3Luxe. Good luck Guys!
Interested in other articles about Its Our Movie?
Andrew
