1Sale LLC (formerly 1SaleADay) is an Internet retailer with a deal-a-day format. The site was founded in 2007 by Ben Federman.
Video 1Sale LLC
Business model
U.S News & World Report described 1Sale as a product daily deal site which buys products in bulk at large discounts and passes the savings on to consumers.
Maps 1Sale LLC
Growth
In 2009, the company had 80+ employees and earned about US $30 million. As of December 2010 the site received approximately 350,000 daily visitors. By the end of 2011 revenue had increased to US $120 million according to Internet Retailer Magazines top 500 profile, and by 2013 the company had over 300 employees.
In March 2011 the New York Times reported that 1SaleADay raised tens of millions of dollars (exact figure was undisclosed) from Optima Ventures to form Octagon Commerce, an e-commerce conglomerate.
History
A 2010 Huffington Post article about the best lesser-known websites for finding deals asked readers to recommend their favorites--1Sale.com came in number one.
In the January 2011 issue of Woman's Day, 1Sale was listed as one of the best ways to get a deal that year. On January 17, 2011 Nate Berkus featured 1Sale.com on The Nate Berkus Show. Also in 2011 Lifehacker listed 1Sale as one of the five top daily deal sites along with Groupon, Living Social and others.
The TV show Extra featured a 1Sale exclusive offer for 2-carat white topaz earrings. The View featured 1Sale's sale of a Fujifilm high-definition camcorder.
1Sale's CEO Ben Federman was featured on Fox Business in 2011 with David Asman.
ABC News and Yahoo News quoted Eli Federman discussing 1Sale's approach of embracing negative customer feedback to help facilitate customer dialogue and improve customer service.
CNN Money featured the Company's approach to giving employees a voice in benefits administration. Eli Federman noted that this has led to "higher retention, increased trust, and happier employees." The Wall Street Journal later reported that over 90% of the employees picked allocating funds toward lowering health-insurance premiums instead of free lunch. ABC News chronicled the company's use of the in-house social network Yammer.
In 2010, the company's CEO donated more than half of the site's net earnings to charities.
Trademark Dispute
On September 27, 2010, 1SaleADay and its CEO won an extended, international legal dispute with the owners of One Sale A Day Australia. World Intellectual Property Organization (WIPO) panelist, Andrew F. Christie, ruled that domain names onesaleaday.com.au and 1saleaday.com.au be transferred to CEO Ben Federman.
The World Trademark Review commented on the legal significance of this particular UDRP case. Community Radio Network (Australia) also covered this story.
References
External links
- Official website
Source of article : Wikipedia
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