Friday, July 2, 2010

SmartBid Lowers Bid Cost Adds Rewards Store

by Amanda Lee on July 2, 2010

Share on TwitterShare on TumblrSubmit to StumbleUponDigg ThisSubmit to redditShare via email
Smartbid auctionsLowest unique bid auction SmartBid has just told us that they lowered their bid costs & added a rewards store to reward their users:
“First, we want to extend our thanks and sincere appreciation to all of you for your feedback and suggestions to make our site super fun. You sent lots of ideas, suggestions and product choices through our survey – we at SmartBid sincerely say “Thank You!”

We read through every single response and worked on the ones which you all asked. Some of the major updates you will notice as of today:

  1. Lower Bid Cost: We slashed the bid cost for most of our auctions from $1 to 75 cents. Which means more bids for the same buck -  so if you have $75 in your account, you can bid 100 times now in regular auctions.
  2. Win Limit: No one likes one bidder winning all the auctions and having all the fun! So, now if you are a smarty pant and have won 5 auctions in 7 days – We ask you to reward yourself by taking a break! Which means more reasons for all of you to jump in and play without fear! (This is in addition to 1 featured product per two weeks limit).
  3. Beginner Auction: We have now more beginner auctions listed and if you haven’t won 3 auctions you are eligible to participate.
  4. Early Bid Limit: To make our auctions more fair for everyone, we are introducing early bid limit. Now, we are limiting 25% of the early bids per bidder in order to give other bidders a fair chance to bid at the discounted bid cost period. So get in early and bid at half the price.”
Have you bid on SmartBid or any other lowest-unique bid penny auctions? Discuss this in our forum!

{ 1 comment }

Off&Away a Penny Auction for Luxury Resorts

offandaway July 2, 2010

If you enjoy traveling in style and want to save money doing it, you might just like Off&Away! OffandAway.com is a new penny auction site exclusively for luxury resorts. Off&Away was founded by former Amazon.com and travel industry executives, and backed by Madrona Venture Group, the venture capital firm behind Amazon.com, Farecast.com (now Bing Travel) [...]

Read the full article→