This is an article from the creators of SitnBid.com, a different type of auction site.
Why did we create SitnBid.com?
We have participated for month on different lowest unique bid auction websites and what whe liked was that if you’re a good strategist, you can easily win great items!
But after several months observing the various online reverse auction websites, we came to a clear conclusion: playing on a reverse auction site can end up costing you a lot of money.
Why? Because when a participant has to pay for each bid placed, the costs mount up very fast and the one who has the best chance for winning is the one with the biggest wallet not the one with the best strategy.
So we put our minds to creating a lowest unique bid auction website that would allow everyone to participate for a very reasonable outlay and where the best strategist wins not the one who invests the most.
Why are we unique?
Then we created SitnBid.com. We created the auctions with a specific structure, operating on the tournament principle. So when you bid in our auctions, you’re playing the tournament auction game. This game structure ensures that all participants start on an absolutely equal footing. Here are the specific features of a tournament auction:
• To register, you first must pay an entry fee: this is the only cost before you start participating
• This entry fee entitles you to a bid package: these bid opportunities allow you to participate in the auction
• The bid package is the same for each participant, so that each player has the opportunity to place exactly the same number of bids
• Each auction lasts 20 minutes
In a tournament auction, all participants pay the same entry fee and can place the same number of bids. Their chances of winning are therefore exactly the same, the player with the best strategy being the winner.
You can participate in 2 types of tournament auctions: SitnGo auctions and Scheduled auctions.
SitnGo auctions start as soon as the requisite number of players has been reached. For example, an auction that requires 5 registered players will only start once the fifth player has registered.
Scheduled auctions start on a specific day and time (based on GMT hour). They are announced in advance (24 hours before it starts) and players must register to participate. Scheduled auctions require a minimum number of registered players to start at the scheduled time, and the number of players may be limited.
The winnings for each auction depend on the number of participants and the amount of the entry fee. The winner receives the sum total of entry fees paid for that specific auction. Credits can be accumulated and finally be exchanged against an item through the SitnBid.com store. If your dream lot is not available in the store, let us know. We will look into your request and do our utmost to help you to get it.
One more word
We are open since July 20 and we offer many bonuses:
- 3 bonus credits when you create an account
- 5 bonus credits for referring a friend
- We organize a weekly contest on social networks (Twitter and Facebook) where you can try to win 5 bonus credits per week
- To celebrate the opening, we offer a 50 % bonus to the first 50 members who purchase a credit package
And if you want to test our concept for free, we have 2 free scheduled auctions running per day (17h GMT and 23h GMT) and you can win 6 bonus credits!
Visit SitNBid.com now to learn more.