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Spun and Peerflix – Online DVD Trading Then & Now

One of my favourite holdover sites from the dot-com era that is still around today is Spun.com.  I have always loved the idea of creating used cd and dvd store online for people to sell their old stuff and use credits to buy new stuff.  I think I still have a spundex somewhere.  I came across Peerflix.com the other day – a slightly competing effort (though limited to just dvds).  The site uses credits as proxy for getting the movies you want and allows you to keep a wish list online.  Both sites offer similar services based on an earned credit system – but the difference of interfaces and communications strategies underscores the evolution of successful online services from infancy to maturity:

Spun.com … as the old dying Dot-com style service

  • Static quotes from traditional media like USAToday to establish credibilityI2m_spunlogo
  • About us section only has company description and exec bios
  • Homepage is focused on the sell in a traditional ecommerce model
  • Site does not address digital media or include the consumer/editorial voice on the site
  • Uses old terms no longer relevant to describe itself, such as a "Napster for physical media"
  • Defines it’s service in business terms rather than consumer terms as having a "dynamic pricing formula" and "high margins" – descriptions unlikely to resonate with consumers

Peerflix … as the new challenger using consumer media and word of mouth to marketI2m_peerflixlogo

  • Includes consumer generated content features such as movie rating and editorial reviews
  • Offers a full range of quotes from print, broadcast, and blogs, with direct links to all reviews to establish credibility of service
  • Main channel to communicate about the service is through a Peerflix Blog, which focuses on what’s hot in their network and trends in the entertainment industry (such as Oscar Winners)
  • Homepage offers a intro the site, and focuses on free trial, demo, and getting new users
  • Interactive paparazzi game used as a promotion to demonstrate the "fun factor" of Peerflix – also has a viral effect where people will pass this to friends and family
  • Leverages current users by asking them to become evangalists and invite others to join, offering an incentive of a free DVD player to customers who help them

Peerflix illustrates that creating viral elements, demonstrating the fun factor, and asking current customers to become spokespeople (and being willing to reward them for it) is the new model for online services.  As much as I like the idea behind Spun.com – unless they start to figure out what Peerflix already knows … they won’t be around for too much longer. 

2 thoughts on “Spun and Peerflix – Online DVD Trading Then & Now”

  1. Excellent analysis of the Peerflix service. The one thing you left out is the difference in pricing models – Peerflix charges just $0.99 for every DVD received on the network, and the value of the ‘sent’ item can be equal to or even greater than the value of the ‘received’ item.

    Reply
  2. How about a new site, flickflop?
    Flickflop (www.flickflop.com) is the newest way to trade your used DVD movies.You trade against flickflop’s growing inventory of DVD movies so you trade immediately, no more waiting if a DVD is available from another member.

    Reasonable cost, $1.99 per trade including packaging and handling!

    Reply

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