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View complete OHIM Document: 000104625064
|Publication date (A1):||07/10/2013|
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Social Shopping Network®
Our mission is to create a %100 authentic real-time social bidding platform. 100% Legitimately & Fraud Free!
How do we accomplish this?
By adding prefunding component to broken pay-to-bid method.
How does it work?
So in every Social Shopping Network ® each item goes through 2 phases:
1. Funding Phase
2. Bidding Phase
Once an item is 100% funded it is opened for bidding.
How do I get bids?
You can get bids by funding items. You can bid on any item that is already opened for bidding.
- $10 Get 10bids No Bonus
- $20 Get 21bids 5% Bonus
- $50 Get 55bids 10% Bonus
- $100 Get 115bids 15% Bonus
- $500 Get 600bids 20% Bonus
How can I be sure I am not outbid by a bot?
Every item needs to be %100 funded before the bidding is started. The house has already made its money and has no reason to cheat.
How can I register to become a bidder?
To further boost bidder authenticity, we will initially only allow registered Facebook users to bid. We plan to open up other social networks in the near future.
What if I lose the bidding?
Don´t worry! Most items will have Buy-It-Now option that will let you purchase the item for MSRP – [cash equivalent of bids used].
* MSRP Manufacturers Suggested Retail Price
How Does This Involve Me?
From now you can bid and save %95 off MSRP from your next Amazon purchase or you can purchase the item at MSRP-[cash equivalent of bids used].
So no matter what, you can buy the item for MSRP. Why not try to Bid & Save?
You can´t lose!
What is Live BidCast?
We want to allow Social Shopping Network® users truly interactive bidding experience, our users can fund/bid, chat, and enjoy the show! Social Shopping Network® Live Bidcast will be streamed to Youtube, Livestream, and Ustream.
Social Shopping Network® will be forever grateful to those who believe in this project before actually seeing it running. We have filed PCT and US patents for this invention. All funds received will be used for Facebook ads, and Amazon items or fees towards patenting.
Our biggest fear and obstacle is that we will get tons of copycats.
We would very much like to be the first Social Shopping Network® to launch and therefore we have turned towards you online shoppers and ask you to help us to do the right thing.
2008 one of our members was involved in launching a penny auction site with chat. The conversion rates were very high like $1.5 per visitor. He learned fast that the chat was not sustainable. Bidders started making bidding arrangements in the chat (Matt don´t bid on Macbook and I won´t bid on Playstation). Chat Mafia was born.
In order for the site to be competive against “chat mafia” auto bid-bots were initiated and the business model was broken!
From that day on I have tried to come up with a solution how to fix the broken penny auction model and I have finally found it!
We know that online shoppers/internet users love high frequency bidding but noone wants/deserves to be scammed/frauded.
We want to provide online shoppers a fair and honest bidding system.
We believe that it would be very exciting to run a Social Shopping Network®
Wikipedia Technical Terms: Prefunded Pay-Per-Bid Method, Crowdfunded Pay-Per-Bid Method
That penny auctions site owners and founders brains and sites are running on AutoDrive/Bid!
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