Lons Angeles, CA (PRWEB) June 23, 2011
SaveBig.com, a popular penny auction website, is pleased to announce that it will revolutionize the existing online penny auction business model by giving all new users 50 free bids when they register with the site. Registration will include a guaranteed “win” for first time users. Unlike other penny auction sites, SaveBig will not require users to input their credit card information until they actually make a purchase.
“Offering users 50 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. No other penny auction site is doing this now,” said Matt Handal, SaveBig.com’s founder. “By removing all barriers and obstacles, more people can now experience the best way to save money online.”
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 dollars for approximately 25 to 250 bids (depending on the site). While several penny auction sites claim to offer users “free bids” during registration, they require the user to purchase a premium package in order to claim the free bids.
SaveBig.com guarantees that with their 50 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 as first time users on their site. New users can go to http://signup.savebig.com/lp/free to claim their free bids.
SaveBig.com was created to put the fun and excitement back into online auctions. Instead of sitting around all day checking into a website to see if you have won something, this group of savvy Internet start-up veterans created a site that allows users to get in on the action and win something in a short amount of time. The executive team members behind SaveBig have helped build successful Internet companies including MySpace, Fox Interactive Media, eUniverse and more.