Grab A Bid

SIGN UP BONUS: Grababid rewards new members of their unique “fixed price” reverse auction site with free bids that equal 30% of their first bid pack’s purchase price. 10 free bids are also earned each time a referred friend buys a bid package. Free bids and bonus points will be offered periodically through special promotions and offers through Grababid’s website.

NUMBER OF AUCTIONS: When Grababid started in 2007, they ran a penny bid auction model and offered primarily DVD’s and computer games. Grababid now runs fixed price reverse auctions with up to 40 live auctions at a given time. This reverse auction seldom slights its participants when it comes to product quality and routinely offers top brand name technology devices, fashion accessories, cars, bikes, fragrances, and other home and lifestyle items for bargain prices that can be up to 95% off standard retail prices. Browse through the winning reverse auctions and you’ll see items like a Guitar Hero III: Legends of Rock – Wireless Bundle, a Playstation 3 or the latest iPod contraption with fixed prices of £1.

EASE OF NAVIGATION: Grababid is a very well designed site that is much easier to navigate than some of its low bid or reverse auction competitors. All auctions are categorized and members can browse these categories courtesy of a drop down menu on the front page. You can view the featured fixed price reverse auctions that are ongoing and click each individual auction for more products and bid details. The “How It Works” portion of the site is brief, to the point but still an effective introduction to someone just entering the world of online reverse auctions.

OVERALL RATING: A quick online search of Grababid will likely find many accusations of the site being full of robot programs or certain members becoming multiple winners. Others online will be quick to boast about the bargains that they scored through Grababid’s fixed price reverse auction, not having to pay for shipping and receiving their goods within a desirable time window. Remember that there is always a positive and negative represented online.

The fact remains that Grababid is likely the first site that other reverse auctioneers will copy as a model. For those bidding on the site, it’s just a matter of developing the skill and know-how to come out “last man standing” when the auction clock hits 0.00. And remember the timer resets each time a bid is placed. Our suggestion: Get the most from using the Bid Butlers. Bid Butlers allow you to place, all at once, a number of bids that are submitted throughout the duration of bidding, rather than relying on the crapshoot that comes with placing single bids. You can actually walk away from the computer and come back the winner of a great prize at a bargain price through Grababid’s fixed price reverse auctions.

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