Does anyone do home shows?

I was approached at a craft show last year by another vendor there who thought my items would do really well at a home show/ party. At that point, I hadn't really considered that avenue at all because of my daughter's age and husband's work schedule. Well, I've noticed a few Etsy shops lately that have information about their party plans, hosting an online party, etc. in their shop announcements. Apparently, guests at their "virtual party" would all have a special party code to enter in when they purchase, all sales count towards the hostess' show, then the hostess earns something (free items, free shipping, 1/2 price items, etc.). It sounds like a normal party plan show, only online. I think Tupperware or someone else does this, too.

Now the questions--Do any of you do anything like this? Does it work? Is it more for local people who know you or do you have online people have shows from a distance? What are the drawbacks?

I must say that I'm really interested in this idea. Maybe I'll convo some Etsy sellers and try to find out more.