Sunday, May 6, 2007

Bid4prizes.com - lowest bid - not a silly concept

This post has been sponsored by the guys at Bid4prizes... Bless them

I’ve been hearing about the Bid4prizes site lately, so I decided to take a peep at same and find out first hand what it was about. Now boy am I glad that I did so... because it turned out be a lot more fun searching at all the cool prizes they have and it definitely appeared more than quite interesting

The concept is similar to an auction site or like eBay, but it is actually better because it is the lowest unique bidder that will win the auction. In short, Lowest Unique Bid WINS and it is a fun site to win COOL stuff.

We know that at Ebay if you bid on something, it is the highest bid that wins and then the winner pays the shipping and whatever other associated costs that the person demands, and then you're left to hope that what you get is in the condition the seller said it was.

It is just the opposite with Bid4prizes. Here you bid as low and as uniquely as you can in order to win the prize you want.

To explain the process in detail.. The trick and the most difficult part to make your bid the "Unique" one basically means that your bid amount has to be the lowest, ie., that no one else has bid for it yet.

A bid becomes duplicate, when someone other than you bids the exact amount.. Now as there are two bids for the same amount they cancel each other and the new bid becomes the next lowest unique bid and it goes on until the auction ends. So if you bid 20 cents for the iPhone and your bid happens to be unique... then Dude you take home an iPhone.



Could you imagine paying a penny for a laptop or a BMW? I think I would probably stroke out the moment I get that email...

But I still cannot understand how they break even or come to terms with what exactly is their concept.. but then who cares...

Although I still am coming to terms with the fundamentals, but am yet to give up hope on the plasma TV and cell phones. One may not win, but still it leaves you with a big hope. They even have a car…Basically, if you are an eBay freak, then you will like this as well.. absolutely easy to sign up and become a member as well!

So, what are you all waiting for, just go to Bid4prizes.com and bid for the item you want..




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