Have you ever been to a site where you can buy brand new items like iPhone 4?s, and Plasma TV’s and other expensive items for just pennies on the dollar? I am talking about Penny Auction sites. These sites allow the consumer (YOU) to bid on items in small increments, in a short amount of time for the product of their choosing. Its absolutely amazing to read about all the great deals people (via the Internet) have won ~ cars, televisions, concert tickets, purses, toys, and more!
So, what exactly is a penny auction?
Basically, a penny auction is an auction where bidders pay-per-bid for an item and the time increases with each bid. The winning bidder is the bidder whoever is the last to bid when the timer counts down to 0 seconds. Not all auction websites are the same so make sure you read the rules carefully.
Recently, I came in contact with the President of Bidnotic Inc. Bidnotic is a revolutionary new “penny” auction site launching in the summer of 2011, and will change the very notion of an online penny auction. Something that I know you (our amazing FFF readers) will all love ~ at Bidnotic, you’ll never pay taxes, or shipping when you win an auction. And you will literally win the newest, greatest products at significantly discounted prices!
With a focus on protecting consumers, and saving time & money for participants, Bidnotic will incorporate 3 innovative, and industry-first features:
- an exclusive auction environment that will allow for very time efficient auctions, ranging from between 13 to a maximum of 20 minutes;
- a multi-tiered bid increment system ($0.01, $0.25, and $0.60 per bid), a first for online penny auctions;
- and a completely new and exciting auction environment providing consumers a 100% discount auction model with the only cost to participants being the cost of bidding.
“We offer a refreshing, new way to purchase online, free from the concerns/problems experienced at other auction sites.
We believe in transparency and attaining loyal consumers.
Never pay for the item won, never pay shipping, how does that sound?
Launching this summer, stay tuned!”
Again, this is a NEW company…so all the details regarding their auction environment will be announced very soon! Meanwhile, you can enter a FREE Giveaway on their blog this Friday, May 27th at noon!
Bidnotic will be giving away 5 $50 gift certificates to restaurant.com.
To participate:
– You must “Like” Bidnotic on Facebook (facebook.com/bidnotic) AND tell them that @Frugal Fabulous Finds sent you!
– Add First/Last name and email address (under the tab located on the left of their FB page)“Join My List”
– Be ready at noon EST on Friday, May 27th
They will post a question on their Facebook page, and the first 5 people who answer it correctly will win!
***Important: If you already like us on FB, make sure to still join our mailing list. We will use this feature to find the email address of each winner, which will be used to send the prize to.***
Later on this summer….Make sure you check out how you can win a BRAND NEW CAR!! Their promotional auto auctions mean that the total cost to the winner will be ONLY $600 TOTAL!
You can find out more about this upcoming NEW company on their website, Facebook & Twitter! Stay tuned!! I know we are going to see some great things 🙂 And, good luck with their upcoming Facebook Giveaway this Friday, May 27th at NOON!
Post published by Melissa Roach, our new Product Review & Giveaway Specialist.
Melissa is a Full Time Mom & Blogger HERE (please check out her blog!)
Disclosure: This was a paid post by Bidnotic to promote their company and its upcoming giveaway. As always, any compensation did not influence or dictate my honest review about this company.
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