How does it work? This competition is for a easy 1,2,3 step infographic of how it works.
Detailed explenation. See attached image:
So in every Social Shopping Network ® each item goes through 2 phases:
1. Funding Phase
2. Bidding Phase
Once an item is 100% funded it is opened for bidding.
How do I get bids?
You can get bids by funding items. You can bid on any item that is already opened for bidding.
$10 Get 10bids No Bonus
$20 Get 21bids 5% Bonus
$50 Get 55bids 10% Bonus
$100 Get 115bids 15% Bonus
$500 Get 600bids 20% Bonus
How can I be sure I am not outbid by a bot?
Every item needs to be %100 funded before the bidding is started. The house has already made its money and has no reason to cheat.
How can I register to become a bidder?
To further boost bidder authenticity, we will initially only allow registered Facebook users to bid. We plan to open up other social networks in the near future.
What if I lose the bidding?
Don´t worry! Most items will have Buy-It-Now option that will let you purchase the item for MSRP – [cash equivalent of bids used].
* MSRP Manufacturers Suggested Retail Price
How Does This Involve Me?
From now you can bid and save %95 off MSRP from your next Amazon purchase or you can purchase the item at MSRP-[cash equivalent of bids used].
So no matter what, you can buy the item for MSRP. Why not try to Bid & Save?