An unexamined life is not worth living. Socrates

Huwebes, Abril 4, 2013

Quibid.com: The Bargain, bargain shopping alternative

I recently came upon a website called Quibid as it was featured in a news article at CNN.com that sells brand new products at too-good-to-be-true prices that are in fact truly true! It's actually a bidding website, think e-Bay but only for new, factory sealed products. You can buy products for way much less than their regular retail prices, and all are brand new! How's that?

This is how it works:

1. You sign up to be a member of the site (unfortunately, as of now, it is only available in seven countries: Australia, Austria, Canada, France, Germany, Great Britain, and the United States).

2. Once signed up, you can use your account to bid for brand new, factory sealed products. The starting bids are of course unbelievably lower than the price the website pays for the products themselves. How do they do this? Well, they charge a small fee every time an account bids for a product. If, say, there are at least ten bidders, all of them will be charged a "bidding fee" so to speak, that helps cover for the product cost.

3. Once a bid is placed, there is an amount of time by which other bidders can tender bids. If no bids are placed, the highest bidder by far will get the product.

4. Those who fail to win the bid product can use the fee they paid for bidding said product to buy another of that same product without bidding, using the bid fee as a discount on the purchase.

5. Shipping is within 48 hours. Unlike e-Bay, where product shipments are dependent on the seller discretion, this site offers to deliver said product within the said 48 hours. Cool huh.

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