Timerless penny auctions are a sub-class of penny auctions which are quite different from traditional penny auctions. There are several formats, the best being of the category of 'hidden price auctions'. This means, the final auction price can be anything between two limits that are predefined for every given auction. Every 'bid' in this case increases the price by a penny and if you are the one to stumble upon the 'hidden' price, then you win the item.
This of course doesn't need a timer. The auction length in-fact depends on the number of active members at a given time. So there could be auctions that end in a few seconds or a few days, you never know.
From the point of view of the owners, timerless penny auctions are less risky a business model because they already know their exact profit for every single auction. There is less uncertainty based on cash flows. However, at the same time, this reduces the thrill of a penny auction and bidders might prefer to buy the product at its retail instead.
One site that has mastered timerless penny auctions is PennyGrab. It is a relatively new site but has really done well for itself and the bidders. It has unusual features, like a chat feature that is absent from perhaps all other penny auctions. They also have good deals on buy now, which attract bidders. They also give away free bids often.
RockDawg is another timerless penny auction which is much older, but has less bidders. It has a smaller community of bidders and many penny auction bidders like it this way.
The other category of timerless penny auctions is what sites like BidWhammy work on. They tell you which bid number will win the product. So it says something like "Bid 54", so the 54th bid will win. The good thing is, in certain promotions, the cost of these bids will be less than the items sold, so you are guaranteed to come out on top if you win the auction, no matter how many bids you place.
Do you like timerless penny auctions? What are your thoughts?
Showing posts with label rockdawg. Show all posts
Showing posts with label rockdawg. Show all posts
Saturday, January 14, 2012
Saturday, September 10, 2011
RockDawg Discount Bids Today
RockDawg is running a promotion today on PennyAuctionCoupon: 25 bid bones for $5. This is a great way to stack up on some really cheap bids. The actual value of 25 bid bones is $18.75, so you save over 70% on this pack.
RockDawg has regularly been featured on PennyAuctionCoupon and it is good for the bidders who have a shot at winning the auctions without having to spend a ton of money on bids first.
For those who do not yet use PennyAuctionCoupon, do visit the site and see how it works - it has some really good deals for bidders, featuring one deal a day and almost always the discounts are over 50% which is certainly impressive because they have a deal every single day.
RockDawg has regularly been featured on PennyAuctionCoupon and it is good for the bidders who have a shot at winning the auctions without having to spend a ton of money on bids first.
For those who do not yet use PennyAuctionCoupon, do visit the site and see how it works - it has some really good deals for bidders, featuring one deal a day and almost always the discounts are over 50% which is certainly impressive because they have a deal every single day.
Saturday, August 20, 2011
RockDawg on PennyAuctionCoupon
RockDawg is again featured on PennyAuctionCoupon. This time, you get 25 bid bones for just $5, an incredible $0.20/bid - a huge saving for all bidders. RockDawg runs auctions which are not traditionally penny auctions but really interesting nonetheless. If you hit a 'magic number' chosen at random, you win. This auction model means you can cut your losses while hunting for great deals. You can know more about it by reading my interview with Diane of RockDawg.
Saturday, July 23, 2011
RockDawg Coupon Code 5 Free Bids
Here is a RockDawg coupon code for 5 free bids: HappyBirthday. This will give you 5 free bids. It is valid for all members - new and old. All you need to do is log into your account today and enter this code in the redeem coupon area. The bids should be added instantly to your account.
I have done an interview with Diane, the co-founder of RockDawg, in which she talks about the industry in general and her visions of the future for RockDawg. Do read the interview to know more.
I have done an interview with Diane, the co-founder of RockDawg, in which she talks about the industry in general and her visions of the future for RockDawg. Do read the interview to know more.
Saturday, July 16, 2011
RockDawg on PennyAuctionCoupon
RockDawg is having a great promotion today on PennyAuctionCoupon. You can buy 25 bids at just $5! This is a great opportunity to get some bids if you like RockDawg. Only one coupon per user is allowed. It is probably one of the cheapest prices that you will ever see for a penny auction like RockDawg.
If you don't already know, RockDawg has special 'unleashed auctions' in which there is a price that is hidden and the person who hits that price is the winner. One bid costs one cent as usual but you can bid multiple times, consecutively, on a single item till you hit that hidden price and are the winner.
I had interviewed Diane, the co-founder of RockDawg. Read the full interview here. It is a great site to join and also one of the highest rated in the industry.
If you are going to join RockDawg or already a member, just use the RockDawg coupon code RD52. This will give you 10 free bids, so you have a lot of bids at your disposal!
If you don't already know, RockDawg has special 'unleashed auctions' in which there is a price that is hidden and the person who hits that price is the winner. One bid costs one cent as usual but you can bid multiple times, consecutively, on a single item till you hit that hidden price and are the winner.
I had interviewed Diane, the co-founder of RockDawg. Read the full interview here. It is a great site to join and also one of the highest rated in the industry.
If you are going to join RockDawg or already a member, just use the RockDawg coupon code RD52. This will give you 10 free bids, so you have a lot of bids at your disposal!
Thursday, June 16, 2011
RockDawg Dawg Show Tonight!
RockDawg is having a Dawg Show tonight, from 6pm-8pm PST. This is what will happen: There will be a random drawing from among 10 winners and they could win $50, $25 and $15 gift cards of their choosing. It is a nice way to win and then win again!
RockDawg is a nice site to try out. The auctions now are 'Unleashed Auctions': You hit a secret predetermined price and you win! Check out my Interview with Diane of RockDawg. Also, don't forget to use the coupon code RD52 and get 15 free bids in all to get started!
RockDawg is a nice site to try out. The auctions now are 'Unleashed Auctions': You hit a secret predetermined price and you win! Check out my Interview with Diane of RockDawg. Also, don't forget to use the coupon code RD52 and get 15 free bids in all to get started!
Sunday, May 29, 2011
RockDawg Coupon Code
I am happy to announce a new RockDawg coupon code for bidders. This is valid only for new users who sign up with this code. You will get 10 free RockDawg bids, which is a great deal, in my opinion. The RockDawg coupon code is RD52.
RockDawg is a new penny auction which has special 'unleashed auctions' to add to the excitement. It is a very trusted site and has one of the best reviews online. They have a great customer service you can reach practically anytime. You can also read my interview with Diane of RockDawg. Diane is the co-founder of RockDawg.
Edit: There was some problem earlier and now it is resolved. So all you have to do is just log in to your RockDawg account, go to your account and on the left hand side menu click on Redeem Awards. Then, enter the coupon code RD52 and you will get 10 free bids instantly added to your account! If there is still a problem, drop a comment and I'll get it fixed.
RockDawg is a new penny auction which has special 'unleashed auctions' to add to the excitement. It is a very trusted site and has one of the best reviews online. They have a great customer service you can reach practically anytime. You can also read my interview with Diane of RockDawg. Diane is the co-founder of RockDawg.
Edit: There was some problem earlier and now it is resolved. So all you have to do is just log in to your RockDawg account, go to your account and on the left hand side menu click on Redeem Awards. Then, enter the coupon code RD52 and you will get 10 free bids instantly added to your account! If there is still a problem, drop a comment and I'll get it fixed.
Tuesday, May 24, 2011
RockDawg Interview with Diane
This is my interview with Diane, the co-founder of RockDawg. RockDawg is a new penny auction site that has many exciting features that regular penny auction bidders will like. There are two types of auctions - the regular penny auctions and "unleashed auctions". I'll let Diane do the talking now, to tell you how awesome RockDawg is!
Sid: So you have Unleashed Auctions in addition to the regular penny auctions. Can you tell us more about it?
Diane: At RockDawg we feature both Unleashed Auctions as well as regular Timed Auctions. An Unleashed Auction is an auction which puts everyone on a level playing field. Our Unleashed Auctions have no win limits. Whether you’re a power bidder or a brand new user, everyone has an equal chance of winning. For example, a bidder could win a $100 gift card with only one bid. For those who are still big fans of the timed auctions, we are continuing to feature Timed Auctions randomly.
Sid: Why did you choose to have both of these models?
Diane: We chose to make the site more interesting to our users. In the Unleashed Auctions, every user has the same chance of winning. Some users prefer this as opposed to Timed Auctions which can sometimes be dominated by power bidders. Many users feel intimidated and shy away from entering into the auction because they know the power bidders will continue bidding even to the point where the item cost is pushed up to way above retail.
Sid: Do you think in the future, one model is going to be more popular over the other?
Diane: We believe the randomness and the thrill of winning the Unleashed Auctions combined with the various contests we offer will prove to be the most popular with our users.
Sid: Are you planning some other auction models like lowest unique bid?
Diane: We are not planning any other auction models at this time. However, we like to stay flexible to the needs and wants of our users.
Sid: Any thoughts on the recent lawsuits against penny auctions?
Diane: Our thoughts on the recent lawsuits against penny auctions are that the suit will not prevail. There is no merit to their allegations.
Sid: Do you think ‘Entertainment Shopping’ is in its nascent stage, or do you think it has already peaked, considering there are so many auctions sites online today?
Diane: We believe that penny auction sites have not hit their peak. We believe that there is a big demand for entertainment shopping and we feel the industry is headed for additional growth.
Sid: Why do you think a lot of penny auctions just close shop within a few months of starting?
Diane: We believe that a lot of penny auctions close shop with a few months of starting because they have not done their homework prior to opening their doors. Another big problem is that they do not have enough capital to fund their operation and do not have the proper marketing set in place to direct traffic to their site. Therefore, they go out of business very quickly.
Sid: What attracted you to the penny auction model?
Diane: The partners at RockDawg were attracted to the penny auction world by the excitement of the industry. We wanted to provide shopping and entertainment to others from the comfort of one’s own living room.
Sid: How is RockDawg different from other penny auctions online?
Diane: RockDawg is different from other penny auction in that we have a dog theme and all three business partners have dogs and love animals of all kinds. Users will sometimes send in pictures of their own dogs to be featured in some of our Unleashed Auctions. The comments we have received from our users are very positive. They love seeing their own dogs in the spotlight. We are known for our fair prices and our honesty. We excel in customer service and expedient shipping times.
Sid: Tell us something about the people who started RockDawg. How big is your team?
Diane: We are three women who are friends. All of us have dogs and all of us love animals and shopping. Each of us bring something different to the table and we all complement one another in different areas of this business, which together makes us a strong team.
Sid: What are your plans for the medium term? Any exciting news or promotions you can share?
Diane: Our plans for the medium term are to continue with both the Unleashed Auctions and the Timed Auctions. Who knows, we may try different models in the future…That’s one thing that we can say about RockDawg, we are very flexible and sensitive to our user’s requests. But for now, we have a new contest coming that should be a lot of fun for our users. We will be running a dog show featuring 10 pictures of our user’s dogs. All of the auctions will be will be set to go off at COMPLETELY random prices within a one or two hour time period. After ALL ten of the Auctions are closed, three dogs will also be randomly chosen for the position of “Win”, “Place” and “Show”. The “Win” dog will receive a $50 card of choice, the “Place” dog will receive a $25 card of choice and the “Show” dog will receive a $15 card of choice.
So, in addition to winning the regular auction, every winner in this contest also has the random chance to win an additional prize. It is our goal to have as many users playing together during the same one time period as possible. This not only makes for more fun, but it also spreads the cost of the auctions among many users. We think the dog show will be a big hit and so much fun.
Sid: Have you started companies/online ventures in the past?
Diane: Some of us have started business in the past, but nothing as fun and unique as RockDawg. We are truly enjoying the adventure. We love our users and the people we meet through this business every single day. We hope to make loyal customers of every single users and to be in business for a long, long time to come. Rock on!
Check out RockDawg here!
Sid: So you have Unleashed Auctions in addition to the regular penny auctions. Can you tell us more about it?
Diane: At RockDawg we feature both Unleashed Auctions as well as regular Timed Auctions. An Unleashed Auction is an auction which puts everyone on a level playing field. Our Unleashed Auctions have no win limits. Whether you’re a power bidder or a brand new user, everyone has an equal chance of winning. For example, a bidder could win a $100 gift card with only one bid. For those who are still big fans of the timed auctions, we are continuing to feature Timed Auctions randomly.
Sid: Why did you choose to have both of these models?
Diane: We chose to make the site more interesting to our users. In the Unleashed Auctions, every user has the same chance of winning. Some users prefer this as opposed to Timed Auctions which can sometimes be dominated by power bidders. Many users feel intimidated and shy away from entering into the auction because they know the power bidders will continue bidding even to the point where the item cost is pushed up to way above retail.
Sid: Do you think in the future, one model is going to be more popular over the other?
Diane: We believe the randomness and the thrill of winning the Unleashed Auctions combined with the various contests we offer will prove to be the most popular with our users.
Sid: Are you planning some other auction models like lowest unique bid?
Diane: We are not planning any other auction models at this time. However, we like to stay flexible to the needs and wants of our users.
Sid: Any thoughts on the recent lawsuits against penny auctions?
Diane: Our thoughts on the recent lawsuits against penny auctions are that the suit will not prevail. There is no merit to their allegations.
Sid: Do you think ‘Entertainment Shopping’ is in its nascent stage, or do you think it has already peaked, considering there are so many auctions sites online today?
Diane: We believe that penny auction sites have not hit their peak. We believe that there is a big demand for entertainment shopping and we feel the industry is headed for additional growth.
Sid: Why do you think a lot of penny auctions just close shop within a few months of starting?
Diane: We believe that a lot of penny auctions close shop with a few months of starting because they have not done their homework prior to opening their doors. Another big problem is that they do not have enough capital to fund their operation and do not have the proper marketing set in place to direct traffic to their site. Therefore, they go out of business very quickly.
Sid: What attracted you to the penny auction model?
Diane: The partners at RockDawg were attracted to the penny auction world by the excitement of the industry. We wanted to provide shopping and entertainment to others from the comfort of one’s own living room.
Sid: How is RockDawg different from other penny auctions online?
Diane: RockDawg is different from other penny auction in that we have a dog theme and all three business partners have dogs and love animals of all kinds. Users will sometimes send in pictures of their own dogs to be featured in some of our Unleashed Auctions. The comments we have received from our users are very positive. They love seeing their own dogs in the spotlight. We are known for our fair prices and our honesty. We excel in customer service and expedient shipping times.
Sid: Tell us something about the people who started RockDawg. How big is your team?
Diane: We are three women who are friends. All of us have dogs and all of us love animals and shopping. Each of us bring something different to the table and we all complement one another in different areas of this business, which together makes us a strong team.
Sid: What are your plans for the medium term? Any exciting news or promotions you can share?
Diane: Our plans for the medium term are to continue with both the Unleashed Auctions and the Timed Auctions. Who knows, we may try different models in the future…That’s one thing that we can say about RockDawg, we are very flexible and sensitive to our user’s requests. But for now, we have a new contest coming that should be a lot of fun for our users. We will be running a dog show featuring 10 pictures of our user’s dogs. All of the auctions will be will be set to go off at COMPLETELY random prices within a one or two hour time period. After ALL ten of the Auctions are closed, three dogs will also be randomly chosen for the position of “Win”, “Place” and “Show”. The “Win” dog will receive a $50 card of choice, the “Place” dog will receive a $25 card of choice and the “Show” dog will receive a $15 card of choice.
So, in addition to winning the regular auction, every winner in this contest also has the random chance to win an additional prize. It is our goal to have as many users playing together during the same one time period as possible. This not only makes for more fun, but it also spreads the cost of the auctions among many users. We think the dog show will be a big hit and so much fun.
Sid: Have you started companies/online ventures in the past?
Diane: Some of us have started business in the past, but nothing as fun and unique as RockDawg. We are truly enjoying the adventure. We love our users and the people we meet through this business every single day. We hope to make loyal customers of every single users and to be in business for a long, long time to come. Rock on!
Check out RockDawg here!
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