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MONTREAL, Oct. 29, 2013 /PRNewswire/ -- Penny auction trailblazer Beezid has announced the opening of the Beezid Store, unveiling drastic innovations expected to transform the entire penny auction industry.
Penny auctions have become an increasingly popular alternative to retail shopping in recent years, offering consumers high-priced merchandise at dramatic discounts-often as much as 99% off the retail price-which they can win in fun and competitive auction environments.
But the Beezid Store goes even further, allowing members to buy items directly at the same kind of discounts they could win in the auctions.
How is this possible?
"We have some amazing partners with whom we've built incredible working relationships over the years," explained Beezid CEO Max Bohbot. "Because of that, we're able to offer the same great items at unbelievable discounts, without you having to bid on them."
But deeply-discounted merchandise without the risk of "bidding" is only the tip of the iceberg. The Beezid Store also features a patent-pending "Flip" process that lets members resell items they win in auctions directly on the site... literally turning savings into profits.
"Obviously when you win an iPad for a few bucks, you stand to make some money off it," Bohbot said. "But before the Beezid Store, you'd have to get it in the mail, find a buyer, ship it, and hope for the best. Those days are over. With our Flip process, you just set a price, press a button, and we take care of the rest."
Auction wins "flipped" in the Beezid Store ship directly from Beezid and arrive in the same factory-sealed condition as other wins and purchases. The company handles both shipping and payment processing, ensuring the protection of both buyer and seller.
Direct-to-purchase discounts and the ability to monetize savings raise the bar on all fronts for the penny auction industry. But these changes have far-reaching implications that stand to revolutionize online shopping everywhere... offering savvy consumers unprecedented tools not only to save money, but to make it.
You can learn more about the Beezid Store on Beezid's website.
Since its launch in 2009, Beezid has become the leading source for top-quality products at up to 99% off the retail price. Users take advantage of huge discounts on brand new, brand name products by forming bidding strategies in a fun and secure online environment.
Read more news from Beezid.
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