| 1.) Basic Auction Overview |
| |
Outbid4less
is set up to auction off new items for 80-90% less than retail value
and donate 30% of net proceeds to user selected charities.
-Each auction
closes when it receives a set amount of bids
"Max # of bids"
-In order to place a bid on an item, a 5.00 bid fee is required.
Q. Where do these new items come from?
A. Bid fee (5.00) times (x) max # of bids = 15-25% more than the retail value of the item.
|
| |
|
| 2.) Bidding On an Auction |
| |
You may
bid anywhere from one cent up to the "bid 4"
price.
The bid 4 price is the highest amount you can place a bid for on an
item.
Q. Why doesn't everyone just bid the highest amount?
A. The point is to Outbid 4 Less. In order to win an item a user's bid
amount must be the highest unique amount bid on the specific item.
"Highest Unique"
To have a unique bid amount means that the amount you place a bid for:
- Hasn't been
placed by any other bidders on your specific item
- You are betting no one else will place a bid for this amount before
the auction closes.
If
your "unique" bid amount is greater (higher) than all the other unique
bids on the item, you have the "highest unique" bid. Therfore if no
one else places a bid for your chosen amount before the auction closes,
you win!
|
| |
| 3.) After The Auction Ends |
| |
- The winner
pays their unique bid amount for the item, and Shipping is on us (shipping
is always free).
- If you are not an auction winner, you're not out of the game yet!
Just for losing you receive one bonus auction credit for every non winning
bid you place. These credits are good for one bid each on our bonus
auctions.
- Sign up now and your first try is free! Just for signing up you receive
one bonus auction credit. This credit is good for one free bid on one
of our bonus auctions.
|
