Members-only shopping community Ideeli.com has a bunch of treats planned for Cyber Monday. The site, which offers up to 80% off top brands is hoping that great deals will lure shoppers on the internet's biggest shopping day. The site, which is famous for their contests is also courting new members with the chance to win the Balenciaga bag shown above which is worth $1,695. There are also a whole host of designer deals. Sales start Monday, December 1st at 11:00am for 1st row members (paid memberships), noon for 2nd row members and will run throughout the day. You can sign up here or use the invite code luxist. Happy shopping.

Ideeli, a new website that offers deep discounts on luxury goods for women is creating a big stir and they haven't even officially opened yet. The company, which deals in purses, jewelry and other designer goods will operate like similar sites we have seen for gadgets and for wine in which a product is offered for a limited amount of time and once it is gone, it's gone. Ideeli will operate on a membership only basis with invitations coming either from the company or existing members. They will sell just three or four specific items each week. Shoppers who want a VIP upgrade can pay can pay $8 monthly to shop an hour ahead of the general membership. Ideeli just received $3.8 million in venture-capital financing.

Another company with a similar agenda, Gilt Groupe, also recently received $5 million in funding. So it looks like these two will be battling over the same market. The question is whether or not there is a big enough market for two sites to flourish. With the "it bag" on the wane and aspirational consumers spending less and less it will be interesting to see how these two companies do.