There are many penny auction sites available on the web and when users were thinking they had had their fair share of them, BidXcel
came up with a lot of buzz. Penny sites work by bidders placing a bid
on an item against a small non refundable fee and the last person to bid
for the item before the clock chimes zero wins the auction.
What is BidXcel?
BidXcel is a site that was designed to enable users make use
of the power of penny auction and get desired goods at a bargain.
Whether you are looking for the most recent electronics or game
consoles, there are a variety of items to bid on at BidXcel. Bid packs
can be bought in pack of ten, thirty, seventy or a hundred. Bidders can
either bid manually or use the auto bidder. A tracking system helps
bidders keep track of their auction process and any savings likely to be
made from the bid.
How does Bidxcel it work?
To be able to make use of the site, a user has to first register
through the site’s sign up page. To start bidding, a user will have to
top up their account to be able to buy bids. There are four different
ways to play which are reverse countdown, lowest unique, pick a price
and hit price. This different ways to play work differently and users
should understand the difference when getting involved.
With reverse countdown, the bid winner is assured a fifty per cent
discount when the clock strikes zero. To be a winner, you should be the
last bidder when the clock strikes zero. Users should understand that
bids placed almost at the end will cause the countdown to zero to
increase. With each bid, the price of the item is reduced. If you want
to get the lowest price possible, then place a lowest unique bid. The
player with the lowest unique bid at the end of the auction wins.
To make some savings, you could decide to pick a price. All you need
do is to click the reveal button and a discount price comes up. You can
either buy the item at the revealed price or come back later to check if
the discount has further increased. Note however that anytime you click
the reveal price button, you will be charged a small fee. If you want a
guaranteed discount, then just use the hit the price button. If you are
lucky and the price that is revealed equals the suggested discounted
price, you get to buy the item at that price. Again each reveal price
comes at a small cost which is the price of a bid.
Why BidXcel?
BidXcel claims to offer a fun and exciting way for users to shop for
the high quality products and a business model that ensures the bidding
is free and fair to all involved. The site also runs a compensation plan
that encourages users to make referrals against a small compensation.
How does the compensation plan work?
Bidcxcel offer members retail and profit commissions through sales
volumes which could either be a qualifying volume or a group volume.
Qualifying volumes are those retail purchases made personally by a user
or their personally referred affiliates. Group volume refers to
purchases made by a users personally referred affiliate and their
affiliates personally referred retail customers.
To qualify for commissions a user must have at least two active users
able to generate at least forty qualifying volume per month. Other
affiliates are suppose to carry out a daily promotion although it is not
clear what this means.
Membership levels
The commission to be paid on affiliate purchases may vary by the
membership rank of the member. There are eleven membership ranks with
different qualifying volumes required.
All levels require at least two active customers. A certified
affiliate requires forty qualifying volume. To be a supervisor, a user
requires 40 qualifying volumes and 120 group volume. Managers require
100 qualifying volume and 300 group volume. Required qualifying volume
remains constant at 100 while the group volume requirement increases
progressively by 100 from manager, director, executive and senior
director.
Qualifying volume and group volume stay at 100 and 600 respectively
from bronze, silver through gold executive. There is however an added
requirement to have referred affiliates that generating up to 300 of the
required group volume. The requirement for platinum executive is 100
qualifying volume and 800 group volume while for diamond it is 100
qualifying volume and 1000 group volume. According to BidXcel, from gold
onward the number of group volume required to maintain the level is
less than the number require from referred BidXcel affiliates.
The BidXCel Company Overview Presentation Covers Comp Plan And More
Bidxcel Sign Up Process - Join THE VP of Sales right hand MAN! (Bidxcel)
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