Wednesday, December 23, 2009

Bidding for charity

This is a Sponsored Post written by me on behalf of Bidazzled. All opinions are 100% mine.

Bidazzled seems quite successful from what I see at their site just now. A number of bidders were actively fighting for a 50bids pack at $50 during the last few seconds. In the final minutes of the bidding, the bid price went from about $27 to close at $32.50!

I like its idea that bids are limited. They sell bids. Why do people buy the bids? Other than to bid and buy things at cheaper than retail price, I think it is also for the fun of it, as the phrase on the website says: "entertainment auctions".

What's more attractive to me is that, accordingly, they started off to fund a lung cancer charity (see below). Currently, there is also a promotion until January 15th. I'd like to join once they allow non-US addresses on the sign up page. More information:
Launched in early November, is redefining the online auction market by offering savings of up to 90% on name brand merchandise all while funding a charity. It was designed and created to fund a lung cancer charity (The Ruch Foundation).

Commonly called Penny Auctions or Pay-Per-Bid auction sites, bids are purchased in advance and then used to bid on merchandise. The price increases a few cents with each bid placed and a few seconds are added to the countdown clock to give others a chance to bid. The auction ends when no other bids are placed. So if a new laptop ends at just a dollar, then you win the laptop for a dollar!

  • Auction winners usually save over 80% off retail.
  • Nobody Loses:
    • If you don't win, you receive up to 50 Bonus Bids as a thank you for participating, and
    • You can purchase the auction item less the investment you had in the auction.
    • If you win, Bidazzled typically make an offer to buy the item back for either:
      • cash (PayPal or check)
      • cash and bids
      • bids
  • 15 Additional Bids if you use this code until January 15th (there is no obligation or cost of any kind):
    • Blog: BBP1202A
    • Twitter: BTP1202A
Bids cost $1 at Bidazzled and are available for purchase in bid packs as low as $25. You also receive bonus bids when you purchase a bid pack.

Bidazzled has a lucrative Viral Referral program. If:
  • A refers B. A receives 5 Bonus Bids
  • B refers C. A receives 4 Bonus Bids
  • C refers D. A receives 3 Bonus Bids
  • D refers E. A receives 2 Bonus Bids
  • E refers F. A receives 1 Bonus Bid.
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