eSwarm.com - Great Deals. Better Reasons.

“Join or Start a Swarm First, search for what you want on our homepage. You can simply type in the name of what you want, the name of who started the swarm you want to join, or you may enter a phrase that corresponds with the terms and conditions set forth on the supplier. Browse through our "search results" pages for swarms you may want to join. If one looks good to you, join it. If you can't find what you're looking for, then start your own swarm. Just remember, often it's to your advantage to join an existing swarm. If you decide to start a swarm, simply click the "Start a Swarm" button and follow the simple instructions. Spread the Word and Grow the Swarm The bigger your swarm, the better the chance that registered suppliers will bid against each other to sell to your swarm. So spread the word any way you can! People searching the web for the same product or service for the best prices could discover and join your swarm! When a swarm completes with a winning supplier, the user who started the swarm gets paid a generous referral fee based on the total value of the swarm. So if you start a swarm, get out there and spread the word! Suppliers bid to supply your swarm - watch prices plunge! As a swarm grows, it becomes more and more attractive to a supplier because more business is at stake. When a supplier places a bid, the size of the swarm freezes; at that point, no new members may join. For 48 hours, suppliers may bid against each other for the right to supply the swarm. When this happens, prices drop lower and lower for swarmers who've joined. Connect With Your Supplier and Receive Your Product Once the 48-hour bidbattle ends, eSwarm unites the swarmers with a winning registered supplier. At this point, all buyers exchange payment and shipping (if necessary) information with a supplier. eSwarm collects transaction fees and distributes referral fees to the user who started the swarm.”

This is a great idea for all those out there that need to buy very expensive stuff (such as medicines, or health insurance). By grouping together in swarms, the sellers or providers will come to them instead of being the other way round. Plus, the ones fighting for the price are the suppliers, so no need to bargain there!

Will people wait until the swarm is up and populated and so on? How good of a deal can you get with eSwarms.com? Is it worth the trouble and the wait? Are there enough “swarmers” out there?