Swoopbug.com takes the penny auction market by storm
FOR IMMEDIATE RELEASE
PR Log (Press Release) – Jan 20, 2010 – The number one question asked each day is what makes swoopbug.com so different from every other penny auction site. and why have they become so popular so fast.
The answer is simple, bid til you win ! thats it in a nut shell. their bid til you win option is every members dream and unconditional guarantee that you will not lose any money on an auction. simply put when you purchase a bid package, your are guaranteed to win an auction. when a member places a bid on an item and that bid or bids do not result in the winning of that auctions the lost bids are replaced into the members account. coupled with the buy it now option where the member can chose to purchase the item at any time and apply any placed bids to the purchase price of the item.
no other penny or reverse auction can bost they have these option available.
There are many more things which you'll learn with experience and of course, by keep visiting the resources on our site. We'll keep adding useful information on penny auctions on a regular basis.
SwoopBug isn’t your basic online auction model. It’s a unique, fun, exciting way to take the traditional auction model that’s been around for 100’s of years and spice it up a bit. With that said, at times there can be some confusion as to how exactly the auctions work. So, we’ve decided to write a detailed explanation in case you might be confused.
Getting Started
Before you can get in on the bidding, you’ll have to first register an account on SwoopBug. On the home page simply click the “Welcome” tab on the main tool bar or click on the any item up for bid “that will take you to registration“. Once you finish the process of registering an e-mail will be sent to the e-mail account you provided. Through this e-mail you can confirm your account. If you haven’t seen the e-mail from SwoopBug, check your Spam folder to make sure that your e-mail program didn’t mistakenly identify it as unwanted. If your confirmation e-mail did end up in your spam folder, take a moment to add SwoopBug to your safe senders list. Once you have confirmed your account you are ready to buy bids and get started!
Buy Bids
The next step is to buy bids. There are two ways to buy bids. You can either buy bids immediately after you register, or you can click the “Buy Bids” tab on the main menu at a later time. There are 5 different sizes of bid packs to buy. Most users will start with a Beginner Bid Pack while they try out their first few auctions. Once you have selected a size of bid pack, just simply add your credit card and billing information and your almost ready to partake in your first auction! Remember, when purchasing bids you are buying the right to place bids and each bid is worth $1.00. Purchasing bids doesn’t guarantee you’ll win, but of course we have the “Buy it Now” feature which we’ll discuss in a bit.
Learning the Ropes
Once you’ve made it this far you will see bids show up in the upper right hand corner of your screen. This will update every time you place a bid on SwoopBug Now before you just start bidding, we highly recommend that you take a few minutes to watch a couple auctions and familiarize yourself with the pace and the dynamics of our auctions. On the home page you will see an Ending Auctions section that has the auctions closest to ending. Each of these auctions has a timer, a price, a bidder name, a picture of the product, . Here is what it all means.
The Timer
The timer counts down consecutively until it gets below 0:20 seconds. From that point on the timer will reset to 0:20 seconds giving other bidders the chance to decide to make a final bid. At first the timer will reset to 0:20 seconds each time a user bids on the auction. If the auction is still going after a certain number of bids, we drop the timer to where it will reset to 0:15 seconds each time a user bids on the auction. Finally, if we feel the auction is going on for too long, we’ll drop the timer to where it will reset to 0:10 seconds each time a user bids on the auction. When the timer reaches 0:00 the auction ends and the last person to place a bid wins the right to purchase the item for the final price.
The Price and the Colored Banner with a Cent Number
Each auction has a specific amount that the price increases each time a bid is placed. On a ten cent auction the final sale price will increase by $.10 each time that a bid is placed. On a two cent auction the final sale price will increase by $.02 each time that a bid is placed. The price represents what the person who wins the auction will pay if the auction were to end at that point.
Bidding
There are two different ways that you can bid. The first way to bid is to simply move the mouse cursor over the bid button and click. Your bid will be recorded and your name will show up as the highest bidder. Each time that you are outbid by another user you will need to manually click the bid button again in order to bid.
Sometimes there are situations where users need to temporarily take their focus off of an auction but would like to instruct SwoopBug to continue bidding for them. The t-Matic feature is designed for these types of situations. Simply instruct the t-Matic how many bids you are willing to spend and in what price range you
Again please visit our help center for any additional questions and enjoy your saty with us.
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