Newest Online Auction Releases 1st Month Results & Changes Penny Auctions Forever

Feb. 24, 2011 - PRLog -- GetInToo (http://getintoo.com) launched 4 weeks ago and has completed over 100 auctions. The retail value of all items auction is over $14,000. The average winning auction price for these items is $ 0.55. GetInToo is a no reserve, sealed bid, lowest single bid online auction platform that rivals penny auctions.

An example of the savings is a recent winner who bid 14 times on an X-Box Kinect valued at over $299. This user won the item with the lowest single bid of  $ 0.87. The user bought $10 in bids, received $10 in purchase credits which is an account used for winners to deduct their winning bid amount so they do not have to go through another billing process and the item was shipped for free. The website is selling brand new, brand name items like popular electronics and even gift cards.

How does GetInToo compete with the popular penny auctions?

Most penny auctions absolutely do not allow their users to use bids again, essentially for every winner of a penny auction there are potentially hundreds (in some cases thousands) of losers who waste bids. At GetInToo they have made it possible for anyone who buys bids (which is more like becoming a member than buying bids) to use those bids until they win an auction. One of their taglines is "if your bids don't win, you can use them again".

Another way they are changing the way penny auctions work is by eliminating the fear or worry that you're bidding against a computer or from fear of "shill bidding" or "bidding bots". Essentially they are taking the sting out of losing money in penny auctions.

Could penny auction users imagine that after spending 25 bids at $.60 a pop and not winning their auction that the auction would automatically give you 25 more voucher bids? That doesn't happen at your ordinary penny site. GetInToo.com does allow it and it's due to the unique online auction platform that they have developed. Here are some unique but simple aspects of how their auction model works:

1. Their auctions start with no reserves so users can bid as little or as much as they'd like to bid. Although the goal in their auctions is to be the lowest single unique amount (meaning the user with the lowest bid amount that nobody else bids).

2. When users buy bids it's like paying member dues because if they don't win they receive replacement voucher bids to use again. Think "Christie's" but on a smaller scale.

3. Users also get purchase credits which can be used towards their winning bid offers.
When users WIN they do not have to go through another billing process to actually receive the item. The reason is because when they buy bids they get a corresponding amount of purchase credits that will be used to pay the winning amount so no additional billing or shipping costs to the winner, the item just arrives. Customers can't believe how consumer friendly it is to win and not have to go through another billing process and their item just shows up at their house.  

4. The bids are sealed just like a government auction so the playing field is level and no fear of bots bidding against their members.

5. Their site is also optimized to be a social experience earning customers not only free voucher bids but also cash for users who invite their friends to get in too. Who wouldn't invite their friend to take advantage of all the excitement and fun?

GetInToo is starting to revolutionalize the penny auction industry. Taking advantage of the bid until you win platform and combining it with a sealed bid approach is the best way to take advantage of  suspect penny auctions that are currently in operation today. GetInToo believes that they have the only sustainable pay to play auction model in this competitive online auction industry. "We want folks to get in too" the owners say, as well as "have an entertaining time skillfully winning great deals that compete with the level of savings that penny auctions claim". http://www.getintoo.com is the most fair and reasonable way to get some of the deepest discounts of up to 99% off retail that they feel they will certainly take market share.

The website has been in operation for approximately one month and they haven't really advertised and are already growing through viral word of mouth. "Most of our customers are finding out about us from twitter and facebook" says the owners, "we use social networks on a daily basis so when we have winners we post to twitter and facebook, but we rely mostly on our customers inviting their friends to get in too! We knew this was going to be a popular social shopping experience as the popularity of entertainment shopping has grown so we purposefully named our site like we felt how it would grow". The website is a big hit among the stay at home moms looking for deals and starving college kids who want a cheap TV, laptop, game device, and other cool electronic devices.

Get In Too, LLC is an entertainment shopping - partnership between a programming expert and an entrepreneur with a cool idea. It is also a veteran owned business and both partners and employees support various military and veteran associations.

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A No Reserve, Sealed Bid, Lowest Bid Wins Auction - no wasted bids - bid until you win. The alternative to penny auctions is here. Secret bidding with a purchase credit process that eliminates billing & shipping issues. Buy for pennys on the dollar.