Americans alone have over
$15B+ in spare change just laying around - and most
people hold on to small amounts of cash every week even if they’re behind on
bills (on top of that).
We designed Microbid to help
combine and turn all those seemingly insignificant,
forgettable amounts of money - into
larger sums of usable funds - that we could
then turn right back around and give right back to all our members.
To make it all possible, we created a one-of-a-kind, crowd-powered,
multi-winner
Auction system where members can place tiny bids and
get almost anything for up
to 90% off - and, then we decided to build the most powerful, lifetime Loyalty +
Rewards system
ever created...on top of it.
Put it all together - and it’s the world’s first
real-time
demand engine. It’s sort of like
if Groupon had a love-child with Ebay -
then added in Loyalty like the Starbucks App.
HOW IT WORKS
Tip: When you place bids on the
main/home page
you earn "Spins" that
you can use for the
Microbid
Digital Slot Machine. And, when you place bids on
the
individual Auction pages the
Loyalty + Rewards are
automatically triggered.
Both options offer the same exact Loyalty, instant
Cash-back Rewards and potential Prizes - the Slots just allow you
to control the process a little more.
More on how Slots works
Members place tiny bids on Auctions, including
Auction "Buckets" (ie. by amount,
not item - like $350-$500), which we also refer to as Member’s Choice Auctions -
and the first member who reaches the
Bid Goal (sort of like price) when the
Auction reaches its
Reserve (ie. the amount of bids required for the Auction
to declare a Winner) wins.
And, then the whole process automatically repeats over and over again, declaring
new Winner after new Winner.
It’s sort of like bidding on deals and
using crowd-power (ie. buying power) to massively lower the price (of the deals)
instead of just getting a volume discount.
In other words - the 2nd highest Bidder or 2nd to reach the individual Bid Goal (and
so forth) becomes the automatic next in line to win the next round/cycle of the
Auction.
Note: Members can post and turn virtually anything into a crowd-powered Auction,
simply by posting it and its estimated value to Microbid. And, bids start at
$.30-.33/each.
LOYALTY + REWARDS
And, the best part is that - every single bid you place earns you
automatic Loyalty,
instant Cash-back Rewards, increases your
Bidpower (sort of like
Microbid’s own form of credit that can be used for Cash Advances)
and
gives you instant chances to win
instant Cash Prizes.
MORE ON THE AUCTION RESERVE
Every Auction has a Reserve (ie. Overall Bid Goal) and when the total amount of
all Bids (by all Bidders) reaches that Reserve, the member with the highest bid
(or first to reach the individual Bid Goal) wins -
but, the Auctions
automatically repeat
and bids roll-over creating continuous rounds of
the Auction(s) and multiple winners.
WAYS TO EARN & WIN
1. Win Auctions (or Auction Buckets) - as the highest Bidder (of bids
placed - not amount). ie. 15, 25, 50, etc. bids. Or, be the first Bidder to place the
individual Bid Goals for an Auction (ie. in case there are two Bidders who have both
reached/met the same Bid Goal)
2. By meeting an Auction’s individual "Bid Goal" - this is the amount
of Bids an individual member/Bidder must place in order to be eligible to win -
or be the next Winner of the Auction.
The Bid Goal was designed so that multiple members can reach/meet it and become
the "next in line" to win subsequent, following rounds/cycles of each Auction.
So, once the next Auction round/cycle reaches its Reserve, then the next
winner in line automatically wins - and, so forth.
Note: Bid Goals are usually 10% or less of Auction’s amount - meaning winning
Bidders get up to 90%+ off of almost every Auction they win or meet the Bid Goal for.
Yep, insane - we know. Welcome to crowd-power and working together, smarter.
3. Instantly & Randomly - Every single time you click a "Place bid"
button you earn Loyalty (ie. your Bidpower increases) - and you also earn instant
Cash-back Rewards (in the form digital gold coins). But, your bid also gets submitted
instantly, in real-time to win larger Rewards/Prizes. So, at any time - any Bidder could
win $100, $1,000 or even $25,000.
Note: Every Auction and Auction Bucket has its own Rewards Pool. The larger the
Auction value, the larger the Rewards Pool. If you place bids on the main/home
page, you earn Spins (for every bid) to use Microbid’s Slots-style Rewards
feature - and if you place bids on the individual Auction pages each bid
is automatically submitted for automatic Cash-back Rewards + potential instant
Cash Prizes.
In addition, to the above, Microbid is 85% Member-owned, so Members can also
participate Revenue Sharing by co-sponsoring Auctions, which entitles you to
receive Revenue Shares Payouts monthly, weekly and sometimes even daily.
And, we’ll also soon be rolling out our ready-to-go Cash Advance Approvals
Program.
LOYALTY + REWARDS
Every single bid placed by every member (ie. the moment you click/tap the
"place bid" button) automatically earns Loyalty in
the form of digital gold coin rewards, as well as instant Cash-back Rewards -
plus, a chance to win larger instant Cash Rewards from each Auction’s
Rewards Pool - which is 1/3rd (ie. 33%) of the value of the Auction.
So, a
$500 Gas Card Auction would
have a Rewards Pool of
$165.
DIGITAL GOLD COINS (CASH-BACK REWARDS)
Gold Coins are sort of like Microbid’s form of currency and can be used
for a variety of things, like:
-
to purchase Auction items, goods, products or services
-
to get discounts towards the purchase
-
to trade for Spot Cash Advances
-
for Live Flash Auctions Microbid holds on its social media accounts
-
or, to simply cash out to Zelle, Venmo, Cash App, Paypal, Payoneer, Xoom, etc.
A FAIR PLATFORM FOR ALL
introducing...
Bidpower
For now, we’re keeping Bidpower simple:
- Bids you place on Auctions
- Bids you place on Auction Buckets
- Bids placed by your Referrals
- Every month you’re enrolled in a Microbid+ Membership
- Every month your Referral(s) is/are enrolled in a Microbid+ Membership
BIDPOWER + INSTANT REWARDS: COOLING STATUS
"Cooling" Status is a feature we built in to help
prevent members who’ve recently won Auctions (by meeting the individual
Bid Goal) or received an Instant Reward, or Instant Cash Advance Approval
from immediately winning (or being instantly approved) again
until their "Cooling" period of usually 1 week (or less*) expires.
However, recent Instant Rewards winners
can still win
smaller
Instant Rewards and smaller Cash Advance Approvals while in the cooling period.
*
Note: Cooling periods can be shorter than 1 week depending on
overall bidding activity by all members at the time.
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