BigDeal.com is a venture-backed company that is pioneering a new type of auction called the GUARANTEED AUCTION. Guaranteed auctions are different than typical Internet auctions in the following three ways:
- Winners of guaranteed auctions get a huge discount, typically 65%-90% off retail. We only auction new, factory-sealed items with a 100% return guarantee.
- In order to win an auction, users purchase bids for $0.75 each. This keeps competition low, resulting in huge discounts for the winner.
- Users who don’t win the Guaranteed Auction get ALL their money back to purchase the auction item at its retail price and can apply their money to get a discount on a gift card.
Filed Under: Tech