This is a Sponsored Post written by me on behalf of Bidazzled. All opinions are 100% mine.
Rex and I are on the 86 minute train ride home from Hoboken to Peapack, NJ after our office holiday party at the Katwalk in midtown Manhattan. We left the party early (around 10 o'clock) to get home to our girls before the snowstorm... the Jagermeister shots had just begun, and no one had gotten particularly wild yet. Instead, a bunch of us were talking about who in the office was most active online, with "professional" networking sites like Linked In, "young" social networking sites like MySpace and Facebook, and other online activities like blogging, Twitter, and auction sites including the new Bidazzled tbat was just launched in early November.
Since I keep my online identity as Roxy the Roxiticus Desperate Housewife a secret around our investment banking firm, I didn't let on that I'd be blogging and about the holiday party on our way home....and tweeting all about it since I just added a Twitter widget to my sidebar (though I can't seem to sign in and tweet using my AT&T Wireless tethered Blackberry connection).
The new Bidazzled site is redefining the online auction market by offering savings of up to 90% on name brand merchandise while all bids help to fund a lung cancer charity -- The Ruch Foundation, online at Ruch Foundation dot com. Commonly called Penny Auctions or Pay-Per-Bid auction sites, Bidazzled bids are purchased in advance and then used to bid on merchandise. With each bid placed, the price increases a few cents, and a few seconds are added to the countdown clock to give others a chance to bid. The auction ends when no other bids are placed. So if a new laptop ends at just a dollar, you could win the laptop for a dollar... as my loyal readers know, a dollar is about all my broken laptop is worth, and I sure could use a new one for just a dollar.
Bidazzled auction winners usually save more than 80% off retail, and nobody loses because even if you don't win, you receive up to 50 Bonus Bids as a thank you for participating, and you can purchase the auction item less the investment you had in the auction. If you do win, Bidazzled typically makes an offer to buy the item back for either cash (via PayPal or check), cash and bids, or lots more bids.
Bids cost $1 at Bidazzled and are available for purchase in bid packs as low as $25. Every time you purchase a bid pack, you also receive free bonus bids. When you dilute the cost of your paid bids with the bonus bids you receive, the highest cost of a Bidazzled bid is only sixty-seven cents ($0.67) per bid and can often be much lower with their lucrative viral referral program. If A refers B, A receives 5 Bonus Bids; if B refers C, A receives 4 Bonus Bids; if C refers D, A receives 3 Bonus Bids; if D refers E, A receives 2 Bonus Bids; and if E refers F, A receives 1 Bonus Bid.
In the first month, there have been two winners of Nintendo Wii systems who won the Bidazzled auction using only their five free bids. There's nothing to lose, and if you'd like to check out the new Bidazzled auction site, I have an exclusive offer for my loyal Roxiticus Desperate Housewives readers: if you enter the code "BBP1202A" on the Bidazzled registration page, you'll get fifteen (15) additional free bids, with no obligation or cost of any kind.
And if you run into one of my coworkers on Wall Street, please don't tell them you know who the real Roxy is.