Comments on: RackUp-The Early Bidder Gets the Worm http://www.pennyauctionwatch.com/2009/09/rackup-gift-card-auctions-entertainment-shopping/ Penny Auction News, Reviews, Tips to Win and Discussion Sat, 11 Feb 2012 23:36:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bargains http://www.pennyauctionwatch.com/2009/09/rackup-gift-card-auctions-entertainment-shopping/comment-page-1/#comment-558 bargains Tue, 22 Sep 2009 00:25:30 +0000 http://www.pennyauctionwatch.com/?p=3058#comment-558 It’s a great genuine website and now is the time to get great bargains. Register and try the virgin auction witch are free to bid and win it’s that simple and 100% genuine. It’s a great genuine website and now is the time to get great bargains. Register and try the virgin auction witch are free to bid and win it’s that simple and 100% genuine.

]]> By: Rob Valli http://www.pennyauctionwatch.com/2009/09/rackup-gift-card-auctions-entertainment-shopping/comment-page-1/#comment-523 Rob Valli Fri, 18 Sep 2009 18:19:48 +0000 http://www.pennyauctionwatch.com/?p=3058#comment-523 Hi, I’m Rob, VP of Strategy of Rackup, and I’d like to add a few things to what was said, and hopefully clarify what we do to those that haven't yet figured us out... First, I want to thank the folks at pennyauctionwatch.com for taking the time to learn about what we are doing and write such a wonderful article on us. We were all really happy to read such review. Thank you:) ok... What you are seeing is a totally new auction model. It is expressed using the latest ‘chat’ technology, so that the auction is in true real time. That means all participants can bid, and see bids, without refreshing the page. Not only is this kinda cool, but in a 60 second auction, it’s critical, so people aren’t continuously refreshing their browsers to see what’s going on, and missing out on the action. To address your other question, where does the $ come from, it’s simple… the retailers. You know those cards in the grocery store? You know the merchants are giving a piece of the sale to the grocery store, right? They are acting as a reseller. Well, what we do, is simply give that money back to the user in the form of a bonus… and to make people compete, we have different levels of bonuses. In the case of the demo auctions, what you are seeing is a curve with bonuses ranging from 3% to 100%… which is exactly the same thing as selling 10 cards at 18% off… Get it? By turning the discount into a bonus… and then distributing the bonus unevenly… you can guarantee anyone that buys a card will ALWAYS get more on the card than they paid. Sure, maybe it’s only 3% sometimes, but where else do you even get that much interest on your money in 60 seconds? Now, imagine you got the 100% bonus… So basically, Rackup is a site where you put in ‘x’ and you get ‘x + y’. (Watch the video on the how it works page of our website, if you still don’t get it.) So it is definitely not any kind of scam or gambling at all… actually it’s just a really cool NEW way at looking at rewarding people for loading gift cards. It’s not smoke and mirrors. It’s just math. But don’t take my word for it; try a demo auction for yourself. There is only one button to click, and one list to stay in, so it really isn’t too complicated. Currently Rackup.com is open to the public in 'demo beta' mode, before opening the site in November, in time for the holiday season. Try it out and use the feedback tool to help us make the user experience even better:) LINKS: Web Site: <a href="http://www.rackup.com" rel="nofollow">http://www.rackup.com</a> Watch Rackup's Founder and CEO present the site at TC50: <a href="http://www.ustream.tv/recorded/2163197" rel="nofollow">http://www.ustream.tv/recorded/2163197</a> Press Release: <a href="http://www.reuters.com/article/pressRelease/idUS198066+14-Sep-2009+PRN20090914" rel="nofollow">http://www.reuters.com/article/pressRelease/idUS1...</a> Hi, I’m Rob, VP of Strategy of Rackup, and I’d like to add a few things to what was said, and hopefully clarify what we do to those that haven't yet figured us out…

First, I want to thank the folks at pennyauctionwatch.com for taking the time to learn about what we are doing and write such a wonderful article on us. We were all really happy to read such review. Thank you:)

ok… What you are seeing is a totally new auction model. It is expressed using the latest ‘chat’ technology, so that the auction is in true real time. That means all participants can bid, and see bids, without refreshing the page. Not only is this kinda cool, but in a 60 second auction, it’s critical, so people aren’t continuously refreshing their browsers to see what’s going on, and missing out on the action.

To address your other question, where does the $ come from, it’s simple… the retailers. You know those cards in the grocery store? You know the merchants are giving a piece of the sale to the grocery store, right? They are acting as a reseller.

Well, what we do, is simply give that money back to the user in the form of a bonus… and to make people compete, we have different levels of bonuses. In the case of the demo auctions, what you are seeing is a curve with bonuses ranging from 3% to 100%… which is exactly the same thing as selling 10 cards at 18% off…

Get it? By turning the discount into a bonus… and then distributing the bonus unevenly… you can guarantee anyone that buys a card will ALWAYS get more on the card than they paid. Sure, maybe it’s only 3% sometimes, but where else do you even get that much interest on your money in 60 seconds? Now, imagine you got the 100% bonus…

So basically, Rackup is a site where you put in ‘x’ and you get ‘x + y’. (Watch the video on the how it works page of our website, if you still don’t get it.) So it is definitely not any kind of scam or gambling at all… actually it’s just a really cool NEW way at looking at rewarding people for loading gift cards. It’s not smoke and mirrors. It’s just math. But don’t take my word for it; try a demo auction for yourself. There is only one button to click, and one list to stay in, so it really isn’t too complicated.

Currently Rackup.com is open to the public in 'demo beta' mode, before opening the site in November, in time for the holiday season. Try it out and use the feedback tool to help us make the user experience even better:)

LINKS:

Web Site:
http://www.rackup.com

Watch Rackup's Founder and CEO present the site at TC50:
http://www.ustream.tv/recorded/2163197

Press Release:
http://www.reuters.com/article/pressRelease/idUS1…

]]> By: jscroy http://www.pennyauctionwatch.com/2009/09/rackup-gift-card-auctions-entertainment-shopping/comment-page-1/#comment-439 jscroy Tue, 15 Sep 2009 15:58:21 +0000 http://www.pennyauctionwatch.com/?p=3058#comment-439 Seems like a great way to get guaranteed customers rather than throw money at advertising that may or may not get me in the door, at worst they have spent $50 to get a guaranteed real live customer they then have the opportunity to upsell, build trust with ect. I noticed a few cards I would try that I have not even considered in the past just because their advertising wasn't warm and fuzzy enough to make me want to bother. Just my thought's.... Stephanie Seems like a great way to get guaranteed customers rather than throw money at advertising that may or may not get me in the door, at worst they have spent $50 to get a guaranteed real live customer they then have the opportunity to upsell, build trust with ect. I noticed a few cards I would try that I have not even considered in the past just because their advertising wasn't warm and fuzzy enough to make me want to bother. Just my thought's….

Stephanie

]]> By: Penny Auctions http://www.pennyauctionwatch.com/2009/09/rackup-gift-card-auctions-entertainment-shopping/comment-page-1/#comment-437 Penny Auctions Tue, 15 Sep 2009 12:51:25 +0000 http://www.pennyauctionwatch.com/?p=3058#comment-437 The idea sounds too good to be true. If ever one is winning and there is no risk involved, how do the make money? The idea sounds too good to be true. If ever one is winning and there is no risk involved, how do the make money?

]]>