Penny Auction Bid Blink

bidblink.

Penny Auction Watch: What got you interested in the entertainment shopping industry?

I have been watching this industry since April 2009.  The idea intrigued me so much I couldn’t stop talking about it.  I bid on various penny auction sites for about two months.  The feeling I got when bidding was amazing.  My heart would beat so hard I could feel it in my fingertips.  That is when I realized that this rush is something that everyone needs to feel.  After months of working out a business model, bringing on the right folks, and developing BidBlink from the ground up, we have finally launched.  We are very excited for people to experience penny auctions the BidBlink way.


Penny Auction Watch: What kind of items do you have lined up?

BidBlink has already auctioned off iPod’s, Blu-ray players, Nintendo Wii’s, GPS systems, and gift cards (Amazon, iTunes, Target, Southwest, Coach, etc).   We plan on offering a variety of new products based on our customer’s needs.

Penny Auction Watch: I noticed your auction site is a “reverse” penny auction, can you explain how this works?

Most penny auction sites out there start at $0 and go up by a penny for every bid that comes in.  At BidBlink, we typically start the price at 10% of retail and drop the price by a penny every time a bid comes in.  The price can actually go negative!  When the price drops below $0, the winner of the auction will get bids creditted back into their account based on the negative amount.  This is somewhat similar to auction sites that offer a product + 100 bids back but BidBlink offers this on all of auctions that go negative.We also offer the ability for people that didn’t win an auction to buy the same product at a discount.  This discount is calculated based on the number of bids placed.   The reason we did this is because if you did invest a significant amount into an auction, we still want you to have a good experience and come back to BidBlink to win further auctions. On most other penny auction sites, you can lose big and not get anything in return.

We are looking into offering other auction styles to the site to offer our customers a little variety.


Penny Auction Watch: What are the timer increments between bids/does this vary by auction?

For every bid that is placed, BidBlink will add up to 15 seconds to the timer if there is less than 60 seconds remaining on the timer.  Once the time has reached 60 seconds left, the timer will never exceed 60 seconds again.  This is so an auction doesn’t get dragged out for hours like some other sites.

We also offer “lightning” auctions where each bid will only add 5 seconds to the timer.  These are a little more fast paced and better suited for the bidder that doesn’t want to sit around for hours or days.

Penny Auction Watch: I see that your bid price is lower than the majority of penny auctions, do you plan to keep it this low?

BidBlink offers bids as low as 10 cents per bid.  We have no current plans to to change our bid pricing.   We want bidders to have fun bidding without thinking about spending 60+ cents a bid like almost every other penny auction site.  BidBlink was designed to be easy to use, as well be easy on the wallet.

Penny Auction Watch: What are your shipping costs?

The shipping costs vary based on the product.  For our auctions that we’ve had so far, the shipping has ranged from $3.99 to $14.99, depending on the product. We try to keep them as low as possible and always clearly display what the shipping costs are so there is no confusion.

Penny Auction Watch: Are there win limits?

BidBlink currently doesn’t have any win limits but we are watching this closely.   Because we are a newer penny auction site and the traffic is low, we are giving away incredible deals.  Just to give you an idea of what kind of deals people are getting, here are some examples of recent won auctions:

– $50 Amazon Gift Card (worth $50) = $3.68 final price + $3.99 shipping + 23 bids placed to win
– Apple iPod shuffle 4th gen (worth $80) = $7.91 final price + $3.99 shipping + 3 bids placed to win
– Nintendo Wii (worth $200) = $19.38 final price + $14.99 shipping + 374 bids placed to win
– Beatles Rock Band Game (worth $60) = $5.96 final price + $4.99 shipping + 1 bid placed to win
– The list goes on…

Remember, our bids are as low as 10 cents each!  To get back to your original question, I am sure that we will eventually have a win limit but haven’t mandated one yet due to our small user base.

Penny Auction Watch: Is there a story behind the name/theme?
We came up with the name BidBlink because we have found that an auction can be over in a *blink* of the eye.  When we were researching various penny auction sites and participating in them, we found that we could lose an auction that we were watching for hours, simply by stepping away for 30 seconds!In closing, we encourage people to try out BidBlink at www.bidblink.com and use the free bids they get at sign up.

Thanks,
Ryan
BidBlink

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3 comments… add one
  • Mike nelson November 6, 2010, 9:07 pm

    SCAM. The first 15 days of the website being open the same 20 ” bidders” win ALL the items with huge gross bids placed. A 100 bid pack sells for -$12 and the winner spent 1900 bids to get 100, a Wii for -!$42 and the winner spends $4600 bids ($1700) for a $200 wii!!!???? Get real folks the have auto bidders set up until you quit bidding and the never send out the products. Notice no photo testimonies??!! Get real

    Reply
  • samsonn25 January 26, 2011, 2:18 am

    Just look at the alexa rank 4xx,000 and daily visitors, obviously they are making alot of stuff up. Even though .12 cents a bid sounds too good to be true, it is! Hard to sustain or even build a pyramid like this. Their most popular bid pack is 200 bids for under $80, = .40 cents per bid, whaat is going on here???

    Reply

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