If you know technology, you know Newegg.com. If you know Woot.com, as I mentioned in my previous article, you probably also know Newegg.com, because I would assume that a person who loves Woot.com also would love technology and therefore would know Newegg. Nevertheless, if you have no clue what I am talking about, allow me to fill you in.
Newegg.com is a great place to get your electronics because the prices are so low in comparison to other dealers. It was founded in 2001 by a guy in an industry-based city. His name is Fred Chang–a Taiwanese immigrant. Newegg was originally a smaller division of the company ABS Computer Technologies, Inc., a computer systems integrator. According to sources, Newegg was made after ABS executives realized that there was an increased need to offer services for the “do it yourself” customer. ABS did not decide to change their ways of business– which sold their customers great PCs but did not allow the customers to buy the parts separately in order to make small updates here and there in the PCs. ABS wanted the customers just to buy a new computer rather than replace the faulty and not as up-to-date parts. After realizing that some other system had to be developed, Newegg was formed.
Newegg.com was named one of the Internet’s Top 10 retailers by Internet Retailer Magazine in 2005 with their 2004 sales revenue of just under $1 billion. In 2005, Newegg.com grew an additional 30%–clearly a successful company! It has some other pretty impressive ratings as well. For instance, Reseller Ratins ranked Newegg as one of the highest rated online retailers– 9.73/10 for a six-month rating (30,054 lifetime reviews)! As of January 2008, this put it in the top ten of over 13,000 stores. Then, in 2009, Forbes added it as #234 on the Forbes America’s Largest Private Companies list.
So, clearly Newegg is making some moves. I always check Newegg first to see their prices for the items that I want, and let me just say, I usually buy everything from Newegg when it comes to buying electronics online.
