Wavee.com Launches New Store, Improved Auction System
Editor's Note: This is a sponsored post from Wavee.com.
Back in October, we told you about Wavee.com, a new online site that auctions off all types of electronics, including laptops, gaming systems, cameras, iPods, Kindles, and more. Prices start at $0.01 and increase by a penny with every bid, which in turn increases the length of the auction by 20 seconds. The final, winning bid typically lands in the $1 to $10 range (or >90% discount off retail price). Users must purchase credits to place bids for 60 cents each, but any user who doesn't win the auction can apply their bids as a discount against the final price of the item — “Bid to Buy.” Although it was an innovative system at the start, there were also some things they could have improved. After collecting tons of feedback — including a considerable amount from BroBible readers — the guys at Wavee have been working non-stop over the past five months to greatly improve the site. So here's what's changed, here's what's brand new, and here's why you should give Wavee a fresh look.
In the previous system, there was too much “sunk cost” — all those bids in an auction that you lost seemed to be wasted. Today, however, the site is launching the Wavee Store, in which every dollar you spend on bids gets translated into a Wavee Dollar (dollar-for-dollar discount), in effect multiplying your money. So, you can win and pay less for the item you want and earn a sizable discount to apply to other products. For instance, win or buy that Samsung TV to watch the rest of March Madness and apply the equivalent Wavee Dollars as a significant price discount off of a Nintendo Wii — effectively paying wholesale price for the item.
Other items currently offered in the Wavee Store include MacBook Air laptops, Sony Bravia speakers, and Motorola bluetooth headsets. Another frustration of the early system was that those users who used bid bots dominated most auctions — and also dragged them out for hours upon hours. But changes in the system now force bid bot users to bid up prices instantly and in one fell swoop. Although the price of the auction might jump by a dollar or more in just a few seconds, manual bidders can now get in on the action sooner and with a fighting chance to win. Most auctions now average about eight minutes in length and manual bidders are winning about half of all auctions.
In addition, there are now new Beginner Auctions, where only those bidders who have never won an auction can bid, as well as bonus credit payouts. All in all, there are a whole host of reasons why you should check out Wavee. On the auction block today are a 32GB iPod Touch, a PlayStation3, and a 42-inch Phillips HDTV. Head over to Wavee now and get in on the action.
All users who select BroBible in the “Where did you hear from us?” field during the fast registration process will receive a $6-off voucher (within 24 hours) that can be applied to any product in Wavee's new Reward Store. Plus, all BroBible members who register by Sunday, March 21st, will be entered into a raffle for a Philips 42-inch 1080p LCD HDTV. The winner will be announced the day after the National Championship, on April 6th.