Online Auction Site Decreases Bid Pricing to Make Bidding More Affordable: PriceDrip.com

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PriceDrip.com presents a new approach to online bidding which allows users to purchase website credit to bid for items that decrease in price as interest builds. Due to customer response, the PriceDrip.com team has adjusted their BidPack system to better suit the needs of the user.

Being able to provide tangible changes as a result of our user feedback sets us apart from other auction sites and many corporations in general

Breakthrough live auction site PriceDrip.com has issued a change in the Bid credit purchasing scale to better serve their customers. Since their launch in May 2009, the team at PriceDrip.com has been working diligently to retain feedback from their clientele and implement changes to the site and bidding structure as the needs are addressed. The value of these bids are important to the user as spending this small amount can produce savings such as some of these recently won items: Guitar Hero Smash Hits for Wii, original price $44.87, auctioned off for $5.12 or G1 T-Mobile Google Phone, original price $319.32, price at time of sale, an astonishing $80.67. Similar deals can be found at http://www.pricedrip.com.

The old pricing system for the BidPacks offered at PriceDrip.com was more complicated, with varying dollar amounts for each package. Before, the cheapest BidPack was 60 Bids for $50.00, equating to $.83 per bid. The old system priced bids at $.83 to $1.00 each, depending on the volume of bids purchased. PriceDrip has now decreased the price of their bids to $.80 each with BidPacks starting as low as $16.00 for 20 Bids.

Now, no matter which BidPack users choose, at $0.80 per Bid, it is still cheaper than the least expensive BidPack in the older system. On top of these dramatic savings, PriceDrip.com has added a new user registration bonus; Bids bought upon registration are now automatically doubled. New users are being offered $20.00 for 25 Bids plus an additional 25 bids FREE just for signing up and buying Bids. "When you compare the savings seen from the auctioned items to the amount of money spent on purchasing Bids you are talking about literal pocket change," reasoned excited auction winner Ilya of New York, NY. This alteration to the registration process has sparked immediate attention from newly registered bidders, and the company has already noted a significant increase in bidder participation.

"This drop in pricing is largely due to preparation for the Holiday season; we wanted to give our users one more way to save on the in-demand items and maybe give them a chance to knock out their wish lists a little early this year," stated Asif Bandukda, Director of Marketing, PriceDrip.com.

With the holiday season right around the corner, PriceDrip.com has found yet another way to make the hottest media, electronics, and other in-demand products available to anyone. "Being able to provide tangible changes as a result of our user feedback sets us apart from other auction sites and many corporations in general," remarked Shamoon Siddiqui, President and Founder of PriceDrip. "We are anxious to receive comments concerning these newest changes in the Bid purchasing and registration process and feel that this is a huge step towards filling the requests of our valued users," Shamoon Siddiqui explained.

About PriceDrip: http://www.pricedrip.com is a unique auction site that provides its users with the chance to bid on items that become increasingly discounted as they are viewed and bid on by other bidders. By naming their desired purchase price, PriceDrip users are able to decide what they want to pay then watch as the prices melt away.

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Shamoon Siddiqui
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