Walmart built the fastest-growing retail app by focusing on one key shopper habit

Courtesy:  Quartz
Source: http://qz.com/499682/walmart-built-the-fastest-growing-retail-app-by-focusing-on-one-key-shopper-habit/


Walmart has managed to do something very few retailers have accomplished: Convince millions of people its mobile app is useful enough to snag a prime spot on their phones’ home screen.

That precious real estate has proven elusive to retailers whose customers shop at dozens of stores but have only downloaded a handful of apps, preferring to reserve that coveted space for apps like Facebook and Google Maps and turn to retailer’s mobile websites when they want to shop.

To change that, Walmart figured out how to tap into its shoppers’ offline habits to drive more engagement online, Andrew Lipsman, vice president of marketing and insights at comScore, tells Quartz.

With 22 million users as of June 2015, Walmart’s app is now the most popular among retailers after e-commerce heavyweights Amazon and eBay, according to an upcoming report from comScore. And at more than 400% year-over-year growth, it’s on pace to surpass eBay.

Walmart’s August 2014 spike to 14 million users from 4 million the month before came with the launch of Savings Catcher—a comparison tool that scans customer receipts and compares Walmart’s prices to competitor offers.

Unlike other retailers, Walmart eschews one-time sales in favor of an everyday-low-price strategy. With the app’s price comparison tool, if a competitor’s price is lower than what shoppers paid at Walmart, customers get an eGift card for the difference.

“Customers would come to the stores with the 15 flyers they look through every week to find the best prices on toilet paper,” Helen Vaid, vice president of customer experience at Walmart.com, tells Quartz. “We thought, what if Walmart could take away that need to scour the market every time you walked into a store?

The result is a few pennies here and there, but the psychological benefit is huge. Now, instead of checking other retailer’s prices every week, shoppers get in the habit of visiting the Walmart app after each trip to see how much money they saved.

The retailer is using that mindset to design other features. For example, it’s testing one that allows customers to push a button in the app to alert Walmart employees when they enter a store’s parking lot to pick up an online purchase. This gives employees a head start on getting an order ready by the time the customer arrives.

Still, the runaway growth is already slowing. Users actually declined on a month over month basis between May and June. Retailers will have to keep improving their apps in order to keep earning a spot on shoppers’ phones.

“Customers aren’t going to download multiple retail apps unless there’s some real need to use it,” Ratnakar Lavu, executive vice president of digital technology at Kohl’s, tells Quartz.

Kohl’s first version of its app was designed solely around shopping and failed to draw in droves of shoppers.

When Kohl’s redesigned its app last year it focused on making the app habit-forming by designing it around what drives many Kohl’s shoppers into the store in the first place: coupons.

The new version includes a wallet that stores all thee three types of coupons its heavy shoppers are known to hoard: Kohl’s cash (rewards earned per purchase), offers that pop up around back-to-school or other sale times, and loyalty points consumers earn for actions like sharing products on Pinterest.

Push notifications now pop up to alert shoppers each time their personalized, short-term offers are about to expire, reminding them to shop before their coupons run out and landing customers back into the Kohl’s app–and in its stores–on a regular basis.

“It’s all about creating a notion of urgency,” Lavu says.

PayPal launches PayPal.me, a person-to-person payment service

Courtesy : PCWorld.com
read:http://www.pcworld.com/article/2978809/web-apps/paypal-launches-paypal-me-a-person-to-person-payment-service.html


The pioneer of online payments is aiming to make it easier to send and receive money from friends and colleagues in 18 countries around the globe. On Tuesday, PayPal launched PayPal.me, a person-to-person payment service similar to solutions like Square Cash, PayPal’s own Venmo, as well as add-on services from Facebook and Gmail.

What’s original about PayPal.me is that it centers around a permanent and unique site link. PayPal.me/LukeSkywalker, for example, would be the central location where people could send Luke money.

That site is then hooked into Luke’s PayPal account where he receives funds from friends, family, colleagues, even Sith. When you want people to send you money for that pricey lunch you covered, a communal office gift, or just a plain old IOU, you just send the debtor your PayPal.me link in an email, text, instant messenger, whatever.

PayPal calls the new service your “personal link to getting paid back.” Link, get it? So clever, PayPal.

The downside is that the person paying you back must also have a PayPal account to use the new service. They can’t have just any PayPal account, however—it must be in one of the 18 PayPal.me-compatible countries, including the U.S., Canada, Australia, Austria, Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, Turkey, and the U.K.

The impact on you at home: PayPal already has a number of ways to send money to friends, such as Venmo (U.S. only) as well as a regular PayPal transfer (depending on the country). But none are as easy (or as global) as PayPal.me. However, there are other services that are just as easy. We’ve already looked at Square Cash, which is a simple email-based solution for anyone with a U.S. debit card. The solutions from Facebook and Gmail aren’t too shabby, either.

Paying with PayPal.me

Once you’ve got all the prerequisites down, getting paid via PayPal.me is pretty simple. A person visits your PayPal.me site, enters the amount they want to pay, hits Next, signs in with their PayPal account, and approves the payment.

For users who want to get really fancy, you can even add a specific amount to the end of the URL. Let’s say, for example, Luke sent out a group text to his co-workers who are all chipping in $20 each for a wedding gift. Sending PayPal.me/LukeSkywalker/20 would open Luke’s PayPal.me site with $20 already entered and ready to go.

PayPal.me is live now, if you want to claim your own name before it’s gone.

Ad-blocking software is costing websites real money

Courtesy : PCWorld.com
source: http://www.pcworld.com/article/2968364/websites/ad-blocking-software-is-costing-websites-real-money.html

A new report released Monday says ad blocking will cost online businesses nearly $22 billion worldwide, and it will only get worse in the coming years.

Ad-blocking software is on the rise, and it's no surprise why. People are fed up with  and sites littered with ads. Ad-blocking software helps users reclaim their privacy and enjoy a calmer Internet browsing experience.

Blocking too many ads, though, can starve the very sites users visit. A  released Monday says ad blocking will cost online businesses nearly $22 billion worldwide, and it will only get worse in the coming years. By 2016 ad blockers are expected to result in an estimated loss of $20.3 billion in the U.S. alone.

Adobe teamed up with Ireland-based start-up PageFair to assess the current use of ad-blocking software. For online sites that rely on advertising, including this one, the future appears to be full of challenges.

In the United States—one of the most important markets for advertisers—the use of ad-blocking software grew by 48 percent over the past year, reaching an average of 45 million active monthly users between April and June. According to the report, that means 16 percent of the U.S. online population blocked ads during the spring and early summer.

The sites hardest hit by ad-blocking software are ones that attract a young, tech-savvy audience, or have a more male audience. The report specifically calls out visitors to gaming sites as those who are “significantly more likely to block advertising.” Meanwhile, regular visitors to health, charity, and government sites are the least likely to block ads.

Why this matters: Site publishers are in a bit of pickle right now. They depend on advertising that is offering declining returns, thus requiring increasing amounts of ads to make up the difference. At the same time, site visitors install ad blockers to deal with the increase in ads and prevent advertising networks from tracking them across the web. But if too many people block ads those sites will end up starved for funding. The challenge is to find a happy medium between acceptable types of advertising and returns that will pay staff and server costs.

Ad Blocking in the United States

Ad Blocking in the United States

Mobile blocking on the horizon

The ad-blocking trend is poised to get worse as it moves to mobile platforms. Right now, mobile ad blocking is an insignificant part of the ad blocking world, the report says. It’s possible to block ads on Android, thanks to the AdBlock Plus app and browser, as well as the AdBlock extension on Firefox for mobile.

On iOS, however, ad blocking could get much bigger once iOS 9 rolls out with the Safari Content Blockers feature. This will allow users to install ad blockers for Safari on iOS—once developers build them.

If iOS users turn to ad blockers in droves, that will have a significant impact on ad-based online revenue, especially in the U.S., where iOS makes up 44 percent of smartphone marketshare, according to comScore.

While iOS may be the ad-blocking platform of the future, right now Google Chrome is the browser of choice for ad-blocking users, according to the Adobe and PageFair report. That’s ironic considering a large portion of Google’s income relies on web-based ads.

Should search algorithms be moral? A conversation with Google’s in-house philosopher

Courtesy: Quartz
Source: http://qz.com/451051/should-search-algorithms-be-moral-a-conversation-with-googles-in-house-philosopher/?utm_source=SFFB

When you have a question for the universe, where do you turn first? Google, of course.

We all expect search engines to provide the best, smartest information out there. Everyone knows someone who trusts search results above their doctor’s expertise. We even feel smarter when we’re “in search mode,” according to a 2015 Yale University study (whether we find what we were looking for or not).

But one of the first search results when you Google “What happened to the dinosaurs?” is a website called Answers in Genesis. It explains that “the Bible gives us a framework for explaining dinosaurs in terms of thousands of years of history, including the mystery of when they lived and what happened to them.” Scroll down, and you’ll find a collection of acerbic articles in response to the Biblical theory and another collection of articles responding to those responses. Only below, and nearly forgotten, finally appear scientific explanations of what really happened to the dinosaurs (a ten-kilometer wide asteroid slamming into the Gulf of Mexico).

Luciano Floridi, known as “the Google Philosopher,” thinks that’s fine.

Floridi is a philosophy professor at the University of Oxford, and the sole ethicist serving on the advisory board Google formed to help devise strategy for the European Commission’s new “Right to be Forgotten” ruling. When I spoke to him, Floridi was quick to call the creationist’s view on dinosaurs “totally insane.” But in spite of his own convictions, he says he wouldn’t advocate Google remove its faith-based answer.

“You can imagine how much I like truth as a philosopher,” said Floridi, “but Google’s a business and we have to be careful about who is managing truths. If you put too much power in the hands of a private company, that’s very dangerous. Google should not be in charge of what is true today or what is true tomorrow.”

Search is indifferent to the truth

Google has never claimed to deliver the best information. Google’s search algorithm is designed for efficiency: To provide the results users are most likely looking for and to move them on to their next site as quickly as possible. In order to do that, they pool and analyze our every digital fidget to best  Google has never claimed to deliver the best information. provide the content we’ll welcome and click on.

From the algorithm’s perspective, the Answers in Genesis page is the optimal result for our particular search. First of all, its headline, “What Really Happened to the Dinosaurs?” differs by only one word from the search terms. Not to mention, a plurality of Americans believe in creationism, as Gallup polls have found consistently since 1982, so it’s bound to be a popular option.

By contrast, if you search “Where did the dinosaurs go?” the algorithm will recommend a children’s song with that very title. Its opening lines:

Sixty-five million years ago
On the Yucatan peninsula in the Gulf of Mexico
There crashed a mighty asteroid of ten miles wide, or so
Sixty-five million years ago

In other words, Google’s search engine—and that of Bing, DuckDuckGo, and most of the other tools out there—is indifferent to truth.

Indifference to the truth happens to be part of the established philosophical definition of bullshit. “Bullshit is grounded neither in a belief that it is true nor, as a lie must be, in a belief that it is not true,” wrote Princeton philosophy professor Harry Frankfurt in his seminal 1986 paper on communication theory, “On Bullshit.” “It is just this lack of connection to a concern with truth—this indifference to how things really are—that I regard as of the essence of bullshit.”

By this measure, even in the best of circumstances and overlooking SEO-manipulation and competitor discrimination, Google’s search engine is a bullshit engine.Search itself is a bullshit endeavor.

Yet we users treat digital search as though it were designed to provide the truth. In Feb. 2012, the Pew Internet and American Life survey found that “73% of search engine users say that most or all the information they find as they use search engines is accurate and trustworthy.

A Reuters report earlier this year indicated that “search” is an increasingly popular “starting point” for finding news online in the twelve countries surveyed, with particularly pervasive usage in countries like Italy, Japan, Germany, and Spain. And according to a 2007 study published in the Journal of Computer-Mediated Communication, people using search engines put more trust in results that appear higher on the page, for no good reason.

The “dozen doughnuts” problem

Projects by Google and other search providers have tried to close this gap between user trust and search return trustworthiness.

In Mar. 2015, Google researchers proposed a new search model based on a knowledge-based trust (KBT) index, in which its search engine could extract the facts on a chosen website and compare them to a “knowledge vault” in order to “reliably compute the true trustworthiness levels of the sources.”

Another initiative headed by Google News chief Richard Gingras and ethicist Sally Lehrman is called the Trust Project. Launched in Oct. 2014, the Trust Project aims to identify the qualities of a news story that correlate with high standards of journalism, to make it easy for automatic aggregators like Google News to highlight the best reporting.

But how or if these measures find widespread adoption remains to be seen. What’s evident, as The New York Times reported in July, is that machine-learning algorithms trained exclusively on human behavior will reflect human biases in its answers. In other words, we are part of the problem.

While search users may believe we prefer the best and most truthful information, our clicks tell a different story. Stephen Levy reporting from Facebook’s content lab in Knoxville, Tennessee, dubs this the “dozen doughnuts problem:”

“Many people conscious of their weight know it’s not a good idea to eat a doughnut every day,” Levy writes. “But once that delicacy is in front of you … Oh, what the hell!”

In the case of search, we prefer media doughnuts—links that promise such swift satisfaction that clicking is irresistible. This in comparison to a ruminative exposition that puts accuracy and attention to detail  We have a deep-rooted sense of virtuous consumption. above all else, and takes at least an hour to digest—that would be media kale.

A few media companies generate lots of cash pushing media doughnuts on Facebook. Meanwhile the forms of reporting that earn the bulk of industry awards, like investigative journalism, are struggling to keep themselves alive and thriving. “The impact of digital media and dramatic shifts in audience and advertising revenue have undermined the financial model that subsidized so much investigative reporting during the economic golden age of newspapers, the last third of the 20th century,” wrote Leonard Downie Jr. for the Washington Post on the 40th anniversary of the Watergate scandal, in 2012.

Although a legion of nonprofit news organizations with hard-hitting missions has emerged over the last decade, they too are struggling to break even and in recent years have been “losing traffic share to commercial news organizations,” according to Nikki Usher and Matthew Hindman’s analysis of the Knight Foundation’s 2015 report on the subject. “Nonprofit news is never going to fill the news gap in the states and communities that need it most,” they concluded.

Cultural critics have contended for centuries that society can only improve when fields like investigative journalism flourish, and complex issues can gain exposure and drive informed debate. We often admire our friends who actually read the difficult, sourced stuff (and have all been guilty of pretending to read it ourselves once in a while). This deep-rooted sense of virtuous consumption demands that we consume more media kale than we actually do.

Sticking to a healthy information diet
So should the Facebooks and Googles of the world—our few, major content distributors—put users on a
healthy diet, by filtering search results to reflect the truest truths and News Feeds to promote nuanced,
substantial discourse?

“The day Facebook does that, we start living in a utopia,” Floridi opined to me.

With regards to search, Floridi concedes that undisputed falsehoods—that 2 +2 = 5, for example—should be monitored. “Controlling the truth value of what is being circulated, information quality,” he says. “Absolutely, it should be something that gets checked.”

But that doesn’t mean we should entrust Google to fact-check itself. “Now we have the impression that Google provides us with true information, but the day we’re told ‘your truth has been deleted by a Google official,'” he explains, “I’m going to be really scared. That is the ultimate Big Brother.”

One way to fix search without inviting a new Big Brother is to consider the knowledge it delivers as a basic, common necessity, and as such, one that requires a democratically-empowered quality control. Just as governments put books in schools to make us smarter, add fluoride to the water to make us healthier, subsidize green tech to save the environment, and police the streets to prevent us  Floridi suggests a universal search engine that presents competing companies’ results side by side. from harming ourselves, the lords of search could keep us honest by responding to user demand for truth on certain issues.

Of course, Google and Facebook (and Apple with its upcoming Apple News app, among others—this article could have focused on countless tech companies) already study consumer preferences and privately reshape themselves based on their research. But we know already that what users unconsciously tend to select (doughnut), and what we know we should have (kale), are two different things.

Democratic governments, on the other hand, ask citizens to name their preferences and publicly reshape themselves based on elections. In theorytransparent checks and balances ensure universal accountability. If private tech companies made similar decisions with the same accountability—that is to say, if they made decisions on search mechanisms out in the open, and honestly engaged with users—we might actually end up with the truth we say we want.

Some day, perhaps, in the perfect marriage of good and useful, there could even be a competitive process for technocrats—Floridi suggests a universal search engine that presents competing companies’ results side by side. “For once you’d get different answers to your question … maybe not all of them would confirm that dinosaurs disappeared because of some kind of creationist, insane sort of theory.”

But the first step, of course, is to have an active, thoughtful digital demos. “If we could have better users, more intelligent human beings who would require a better service, those human beings would move the market and information providers like Facebook would have to react,” he said.

In other words, before inventing a moral search algorithm, we need moral users.

 

Amazon.com passes Walmart. . . .

Source: L2 Business Intelligence,  
Courtesy:  http://www.l2inc.com/the-secret-to-social-media-success-attractive-pirates-planets/2015/blog

Does anyone think of Amazon as one of the biggest media companies in the world? Well, it is. In 2014, Amazon’s media unit generated more revenue than Pandora and LinkedIn, selling about $1 billion worth of ads. The company’s stock price is also skyrocketing. Earlier this year, we predicted that Amazon would decline in value and influence. We could not have been more wrong.

Walmart is the loser in this scenario. Jet.com, the much-hyped startup advertising lower prices than Amazon, is also likely to struggle. The concept behind Jet is great, but it already exists. It’s called Amazon Prime and it has 50 million members.

Captain Morgan is a winner this week for picking Chrissy Teigen to be its peg-legged pirate spokeswoman. With 2.8 million Twitter followers, Teigen has 209 times the brand’s following.

The losers here: brands that pay big sums of money for celebrities that don’t have Twitter accounts. Jim Beam, what were you thinking?

Japan is now the number-one travel destination for wealthy Chinese travelers, making luxury brands another winner. Hermes sales in Japan surged 27% in Q2 as more Chinese picked Tokyo over Hong Kong, where demand for pricy bags and watches is slumping. Burberry, which gets 10% of total revenue from Hong Kong, saw a double-digit decline in same-store sales.

When NASA previewed the first image of Pluto on Instagram, it got more than 100,000 likes in a matter of minutes. NASA’s Twitter following is 4.75 times more than that of the entire lead cast of Interstellar, including Matthew McConaughey. Maybe it takes a rocket scientist to figure out social media…

Source: L2 Business Intelligence,  
Courtesy:  http://www.l2inc.com/the-secret-to-social-media-success-attractive-pirates-planets/2015/blog

Google has finally figured out what to do with Google+

Courtesy: 
Florence Ion | @Ohthatflo
Staff Writer, Greenbot

Google+ has been officially demoted. Today, Google announced that an account on its flailing social network is no longer required to log in to any of Google’s connected services. Over the next few months, “a Google Account will be all you’ll need” to do things like post YouTube videos and upload pictures to Google Photos. Not a Google+ account, just a Google Account.

What's more, comments posted on YouTube will only appear there, and comments posted on Google+ videos will only appear on Google+. With this, Google is finally addressing one of the biggest complaints generated by its previous push to make Google+ the center of all things.

Google+ will still exist, though it’ll mostly serve as an open forum of sorts where people can “engage around their shared interests," whatever that means. The company said it will also continue to add new features to Google+ to keep in line with that focus.

The story behind the story: Google finally took notice of the usage patterns of Google+. “People have told us that accessing all of their Google stuff with one account makes life a whole lot easier,” wrote Google’s Bradley Horowitz, VP of Streams, Photos, and Sharing. “But we’ve also heard that it doesn’t make sense for your Google+ profile to be your identity in all the other Google products you use.”

Horowitz is right: it doesn’t make sense for your public Google+ profile to also be your identity everywhere else—especially if you don’t plan to use Google+ at all. Google’s been splitting services like Photos and Hangouts into their own standalone features for a while now, and thankfully it’s done the same for its social network.

A long time coming

I remember when Google+ launched. I was intrigued by it. I uploaded a ton of photos to my new profile. I even tried using it to blog for a while. I’d hoped Google+ would be the answer to Facebook’s ever-changing landscape; that it’d be a refuge from all the suburban rants and outdated memes clogging up my other social networking feeds. But after about two months, I just stopped using it altogether.

It’s been about four years and I still have no idea what purpose my Google+ profileserves. I use it to log in to services like TripIt and post Stories once in a while, but otherwise, I continue to do all of my social networking elsewhere. Even with all thecommunities I’ve joined, it still feels like a barren wasteland.

I’m glad Google has finally spoken up about what it’s planning to do with Google+. We’ve been waiting to hear about it since Vic Gondotra left last year. It was like Google was fighting the inevitable fate of Google+; that it didn’t want to distill it down to “just another social network.”

It's probably a good thing for users that Google finally gave in, though. For me, Google+ is a place for Android developers and big time Google executives to wax poetic about the future of the industry. It’s a place to share that link you would rather share to Facebook, but you’re too afraid because of the ideological differences between you and the people in your “real life.” For me, it’s okay that this is what Google+ has become, because I needed something like that for my online life. And now that Google’s embraced it, and is cutting out all the other stuff, I feel like I can finally say, “I know why Google+ exists.”

Source:  http://www.pcworld.com/article/2953160/social-media/google-has-finally-figured-out-what-to-do-with-google-downsize-it.html

Google Panda 4.2 Is Here; Slowly Rolling Out After Waiting Almost 10 Months

Courtesy:  Search Engine Land
Barry Schwartz
July 22, 2015 at 5:22 pm 

Google says a Panda refresh began this weekend but will take months to fully roll out.

Google tells Search Engine Land that it pushed out a Google Panda refresh this weekend.

Many of you may not have noticed because this rollout is happening incredibly slowly. In fact, Google says the update can take months to fully roll out. That means that although the Panda algorithm is still site-wide, some of your Web pages might not see a change immediately.

The last time we had an official Panda refresh was almost 10 months ago: Panda 4.1 happened on September 25, 2014. That was the 28th update, but I would coin this the 29th or 30th update, since we saw small fluctuations in October 2014.

As far as I know, very few webmasters noticed a Google update this weekend. That is how it should be, since this Panda refresh is rolling out very slowly.

Google said this affected about 2%–3% of English language queries.

New Chance For Some, New Penalty For Others

The rollout means anyone who was penalized by Panda in the last update has a chance to emerge if they made the right changes. So if you were hit by Panda, you unfortunately won’t notice the full impact immediately but you should see changes in your organic rankings gradually over time.

This is not how many of the past Panda updates rolled out, where typically you’d see a significant increase or decline in your Google traffic more quickly.

source:  http://searchengineland.com/google-panda-4-2-is-here-slowly-rolling-out-after-waiting-almost-10-months-225850

Costco-meets-Amazon company Jet.com launches

Images and source Courtesy of CNN Money
http://money.cnn.com/2015/07/20/technology/amazon-costco-competitor-jet-dot-com-launch/index.html

The Costco-meets-Amazon company Jet.com launched Tuesday.

There's been a lot of anticipation about Jet because of who the founder is, and how the business could threaten Amazon and Costco.

Jet CEO Marc Lore sold one of his most successful companies, Diapers.com, to Amazon (AMZNTech30) in 2010. He left to start his new venture two years ago. So far, Jet has raised $220 million in about a year.

"We have an assortment that's vast like Amazon's, and pricing that's similar to a wholesale store and membership," Lore told CNNMoney.

One factor to consider is that initially, Jet's inventory will be considerably smaller than Amazon's. At launch, Jet will have about 10 million items for sale.

I got the chance to try Jet before its launch and found it easier to use than Amazon, and sometimes significantly cheaper. However, because it specializes in bulk-sized orders, it took a little hunting to find deals on smaller, single-item products.

Here are 10 things you need to know about Jet.com.

How it works

1. It costs $50 a year to join. That's slightly less than a Costco membership, and half the price of Amazon Prime.

2. Like Amazon and Costco, Jet allows individual retailers to sell products through its platform. Jet's technology figures out who has the best price for each item and shows that price to the customer. Amazon will often show me a list of the same products being sold at different prices by numerous vendors, which can get incredibly confusing, and forces me to find the lowest priced items. With Jet, I have to trust that it's giving me the lowest price.

Price and products

3. You can buy anything from groceries and appliances to furniture, books, clothing, and gadgets on Jet. Some of the merchants that Jet works with include Barnes & Noble (BKS), Bluefly,Lenovo (LNVGF), Dell, TigerDirect, and HarperCollins.

I compared prices on 20 of the most expensive products within Jet's cold cereal, water, dry goods and pasta, laundry detergent, toilet paper, cleaners, cell phone and tablet categories.

Prices were typically lower for boxed and household goods compared to Amazon by a few dollars. Sometimes the differences were as big as $15. Electronics, however, tended to be cheaper on Amazon.

An unlocked 64GB Apple iPhone 6 Plus in gold costs $1,072 on Jet, compared to $915 on Amazon. Amazon also sells the new Samsung Galaxy S6 Edge for less than Jet does. (Prices on both sites change depending on a retailer's inventory availability.)

4. On average, Jet says you can can expect to save $150 per year. The site tracks your savings, and if it's less than the membership fee, you'll receive a refund for the difference.

5. Discounts are applied based on a few factors. The greater the quantity you buy, the more you'll save per unit. A small dollar sign icon on the corner of products indicates that those products reside in the same or nearby warehouses as other items in your shopping cart, which reduces shipping costs and ultimately what you pay.

Most products have additional savings if you want to waive the right to return. Some merchants that sell through Jet offer discounts for collecting your email address, or if you pay with a debit card versus a credit card. In exchange for dispersing your personal information to yet another company, you'll get a few dimes and quarters worth of a markdown.

Shipping and customer service

6. Shipping and 30-day returns are free for orders over $35. This is standard no matter how many different vendors fulfill your order. Jet also takes care of all customer service.

7. Deliveries arrive in two to five business days. For pantry products, the wait is usually just two days. Amazon Prime, in comparison, offers free two-day delivery for more than 20 million items.

8. Jet currently doesn't offer same-day delivery service. Amazon does in 14 cities.

9. Jet offers a rewards program called Jet Anywhere that lets members accumulate "Jet Cash" when shopping at affiliate stores.

10. Jet will only serve customers in the U.S., Lore told CNNMoney. "We want to be laser-focused," he said.