NewswireToday - /newswire/ -
Los Angeles, CA, United States, 2011/06/22 - SaveBig announces changes to its popular website allowing budget conscientious consumers to save on their favorite products - SaveBig.com.
SaveBig.com, a popular penny auction website, has announced today that it will revolutionize the existing online penny auction business model by giving all new users 15 free bids when they register with the site, as well a guaranteed “win” for first time users. SaveBig will not require the user to input their credit card information until they actually make a purchase.
Penny auctions operate using a simple model: A user buys “bids” upfront, and applies those bids toward the acquisition of a desired item during a timed auction. Multiple bidders often seek the same item but the player with the last bid has the option to purchase it for much less than retail.
Currently, most penny auction sites charge users for bid packages when they register as new members. Such bid packages can vary between twenty to two hundred and fifty dollars for approximately 25 to 260 bids (depending on the site).
“Offering users 15 free bids is our way of ensuring that SaveBig.com users not only have a better chance at winning the items they desire for the lowest possible price, but makes it fun and exciting. Also, I can’t think of any other penny auction site that is doing this now,” said Matt Handal, SaveBig.com founder. “We want to remove barriers to entry so that more people can experience a great way to shop online.”
Moreover, several penny auction sites claim to offer users “free bids” during registration, but require the user to purchase a premium package in order to claim the free bids.
SaveBig.com guarantees that with their 15 free bids, new registrants will be able to bid on and win a product located in the Beginner section of the SaveBig.com website. Until now, no other penny auction website has been able to guarantee that users will win a product their first time using the site. Use the link below to claim 15 complimentary bids.
SaveBig.com, founded in 2010 by a team of experienced, savvy Internet veterans was created to put the fun and excitement back into Internet auctions. Instead of sitting around all day checking into a website to see if you've won something, we wanted to create a site that allows you to get in on the action and win something in a short amount of time. Everything moves quickly and that's the fun part! The executive team behind SaveBig has held high-level positions at such Internet superstar companies as MySpace, Fox Interactive Media, eUniverse and more.