Be a Winner by helping others with donations to some awesome charities!
Be a Winner because when you don't win, your bid is tax deductable!
Be a Winner by Winning - If you are the top bidder, you win!
Be a Winner by having Fun! - Fun with Friends...!
This sounds too good to be true... so how can this work?
This is not a pyramid scheme but, the more bidders, the better and you will see why as we go on.
It's a simple process and it starts with you, your donation and bids!
All donations go to charity, and your bidding helps determine the allocation to the charities.
Let's say ABC Charity buys a digital camera here for $25.00 and wants to make a $50.00 return off of their investment. They set a Bid Goal of $75 and place it for auction.
The camera auction starts and the bidding begins. A Bidders account balance is used to bid from.
As each bid is made (the max bid by each bidder for the item [in this case the camera] is taken from each bidder's remaining account balance and accumulates until the $75 goal is reached. Once the goal is reached a timer starts and the auction will run until the bidding slows to a set rate. The person that made the 1st Top Bid will Win the auction once it ends.
Everyone except the winner will have their Max Bid withdrawn from their donation account and deposited into the ABC Charity account as a tax deductible donation.
The Winner will have their account deducted but, their's is not a tax deduction – instead it will be invoiced as a purchase and will be taxable.
Now hopefully you can see why everyone would want many, many people bidding... because the more bids – the smaller they can be and, the bid goal can be reached quicker and the winning bid can remain extremely low.
So here is the result of the above auction.
The Charity made $50.75 on their fundraiser.
198 people donated a dollar or less to this Charity while having a fun time bidding on the auction.
The Winner paid $1.00 for a $25.00 digital camera and we made a small amount considering we had to purchase the camera from a vendor originally.
Oh, and have we mentioned... No One knows how much anyone else bids or how many bids there are or what the bid goal is? This is so much fun... tell your friends!!! You will want them all to join and start bidding!
Best Case – Your money goes to a great cause!
Worse case – You Win and get a great deal!