Online auctions sites have gained immense popularity for a good reason. You can save a lot of money. Well, you can if you choose the right online auction site. If you choose the wrong one then you could end up paying too much. Two of the main contenders are Exceet and Swoopo. You need to know the truth about both.
Swoopo
Swoopo has come under fire because it’s business is built around users spending too much on buying bids that are spent with little or no wins to show for their efforts. There is no doubt that Swoopo auctions are exciting like Exceet auctions, but Swoopo users can only get “Bids” by spending their hard earned money buying them. Swoopo also slowly increases the price at which the eventual winner will pay to receive the product. The cost of dozens, if not hundreds of bidders, Bids plus the eventual selling price of the item often adds up to many times the actual cost of simply buying the product. This is Swoopo’s business model. It earns its income at the expense of its customers, disguising auctions its as bargains.
Exceet
Exceet is a completely different type of auction site. It, too, has exciting auctions where the final bidder when the countdown reaches zero is the winner. But that is where the similarity ends.
Exceet’s auctions are built around a business model that is designed not to trick users like an elaborate magic show but actually as a means of rewarding users for their loyalty. Exceet earns it’s income from advertising and businesses offering surveys.
Users earn Points for taking surveys or for spending time on the social network portion of the Exceet website. You earn Points for doing the things you usually do online. So you can win a flat screen TV paying no cash at all...only a bit of your time.
Another unique aspect of Exceet auctions is that all auction products are free. Only the Bids themselves cost points. All the sale prices and shipping is free! There is no increasing sale price…that stays at zero!
Finally, users don’t have to wait to the final seconds of the auction for things to get interesting, unlike Swoopo auctions. Most Exceet auctions have reserves, where the reserve represents a certain number of Bids rather than an individual bid amount. When a reserve is met the countdown clock immediately reduces to 60 seconds. So even if there are 2 days left on the clock, for example, the clock will immediately reduce to 60 seconds. That means you’re 60 seconds away from winning the product.
However, if you bid on a reserve auction, but the reserve is not met before the countdown reaches zero all your bids are repaid.
Conclusion
Swoopo and Exceet auctions may look similar at first glance. But they are not. Auction sites where the company themselves list the products only gain when their clients lose. Exceet is different. At Exceet the auctions are there to reward users for their time and loyalty.
Author Resource:
Emlyn Scott is the founder of Exceet, a company focused on entertaining and rewarding people for their input and loyalty. Exceet consists of a paid social networking community, paid surveys and exciting auctions where we reward users for their loyalty.
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