
Shopping for consumer electronics can
be intimidating. Opinions -- both professional and personal -- abound, and the technology changes so quickly that the fear of buying an outdated technology can be paralyzing. With a new version of its
consumer electronics shopping Web site, Retrevo.com looks to make the process of buying consumer electronics a little easier.
"Buying consumer electronics is very complex, and it's
overwhelming," says Vipin Jain, CEO of Retrevo. "Shopping is supposed to be fun, and this is intended to make it fun."
The revamped site, which begins a live Beta test today, is intended to
simplify the consumer electronics buying process, culling information ranging from Web-based professional product reviews to general consumer response to prices and deals, and then placing that
information in an easy-to-understand format. "On the Web, you're bombarded with information in 'geek speak,'" Jain tells Marketing Daily. "We do it in a way that is simple, fun, visual and in
real time."
advertisement
advertisement
The revamped site, which will start with three categories: cameras, computers and LCD televisions, includes user-friendly interfaces that show where a product is in its lifecycle
(i.e., is it new or obsolete), product buzz and consumer sentiment and its value for current pricing. In addition, the site takes all of this information and condenses it into a simple recommendation
to match consumer and product, and where to buy it at the best price. "This is designed as a marketplace so that as an everyday shopper, you can make smart and confident decisions," Jain says.
In
conjunction with the revamped Web site, Retrevo is also launching a service via a Twitter feed, through which consumers can ask a question through Twitter, and get an instant recommendation back. For
instance, a consumer who is browsing for cameras in a store could use the Retrevo mobile service to query a specific camera brand and receive a short recommendation -- who the camera might be best for
-- and a price range.
"This is how we're making the marketplace mobile," Jain says. "This is how we envision we can bridge the online and offline worlds."
Although the Beta site launches
today, the company has no plans to take its message to the marketplace in the form of an advertising or marketing campaign. Instead, Jain is relying on the site's three million current users (who have
been working with a different interface) to help spread the word. "We're expecting it to catch on with consumers," he says. "Consumer electronics is complex and the rate of change is high. We take the
volume [of information] and the rate of change and make it easy to decipher."