About BuddyBid

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Revision as of 03:32, 14 November 2016 by Admin (talk | contribs) (Introduction Crash Course)

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BuddyBid is an online auctioning platform, integrated with Facebook to generate business leads and increase sales for business. Customers have complete freedom to create a listing, set an expected bid price, set payment method, and glamorize the product using a complete suite of supporting options, before submitting bid to the outer world. In short BuddyBid offers out of the box auctioning option on top of social media, where not only you can do business, but you can also tap your existing offline customers, generate new customers either by attracting them for bidding, liking, sharing (making a deal viral) or simply making them to follow a bid.

BuddyBid transforms Likes into Sales converting social fans into paying customers and qualified leads. This business model has a huge potential and it's just the beginning, so stay with us for more exciting journey

Introduction Crash Course

Before selling/listing there are few terms which one should be aware of. Here is a quick summary of terms which will be useful as we go along. This example is from one of our advertised auctions. Description of important terms (boxed) is explained below.

[bid picture here with squared elements]

Refer to the box # (as show above in blue boxes) whose description you want to see

Ref # Term Purpose/Feature
1 Buy Now Buy Now is an option for immediately purchase. You can choose to place a bid and complete in the auction or use Buy It Now to purchase the item immediately.
2 Current Bid This is the present value of the article being placed by the potential buyers. You will NOT see Current Bid - if you are the first person who will start bidding
3 Reserve Met This is the minimum value which seller expects the article must be sold on
4 Next Bid This is the next proposed bid which buyer can either accept as shown or place a bid more than the shown bid.

For e.g. from the above specimen bid, place a new bid with $47 AUD or otherwise say enter $50 AUD, the placed bid shouls always be more than or equals to the next bid.

5 Auto Bid Description here