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Restaurant Site ‘eBay’ Style
Priceyourmeal.com, which launched in Glasgow in March, now has more than 80 restaurants on board, taking in excess of 700 bookings a week.
Registered users can use the site to bid for meals at top restaurants in auctions or haggle directly with the restaurants over meal prices.
Sukhvir Dhillon said he saw a gap in the market between traditional booking sites and eBay-style auctions. The site, he said, puts more control in the hands of both restaurant owners and customers.
“People like being involved in auctions and usually if they don’t win one they come back and try again. As well as giving choice, it puts a bit of fun into booking a meal,” he added.
For restaurants, it offers the chance to add new bookings, potentially dictated at quiet times.
Free to restaurants and users, the site takes a small commission from every meal booked. More than 12,000 users have registered for the site.
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A Bid For Sumptuous Meals » Business Analyst » Blog Archive on December 11th, 2006 10:46 pm
[...] In search for a new business venture? Here’s a good example from Dane Carlson in his blog posted at business-opportunities.biz. Apparently, online auctions are no longer limited to selling antiques and other priceless items, but are now available even for everyday meals. Since the launch of Priceyourmeal.com, 700 bookings are made weekly for 80 different restaurants. As featured on this blog, 12,000 registered users may start bidding for sumptuous meals. Not only that, they may also ask for discounts or bargains from the restaurants owners themselves. [...]
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