So how does MY Instant Auction work?
Well
it's like an auction and a game of skill rolled into one. In a normal
auction the highest bidder normally wins. But, with MYIA, it's
the LOWEST UNIQUE BID that Wins.. Which means you can WIN prizes for
literally PENNIES!
You decide what you think will
be the lowest bid that nobody else will make, therefore making your bid
UNIQUE... And, if on the closing date/time of the auction your bid is the
lowest unique bid, YOU WIN THE PRIZE (See Fig 1 below) !
Fig. 1: How it works
Don't forget the more bids you make
the more you increase your chance of winning our incredible prizes for
pennies.
Happy Bidding!
Show me an example of how reverse auctions work?
For Example: A Reverse Auction Might Have The Following Characteristics…
Auction Product: Plasma TV
Regular Retail Price of TV: $1700.00
Assuming that the following bids are received
:
…Then, the bid placed at $1.50 would win the auction and the Plasma TV. THE WINNER PAYS ONLY $1.50 because it is the Lowest Unique Bid that has
been placed.
How do I place a bid?
Choose
any of our auction prizes - Then when you place a bid you will receive a text message with the result of that bid. The message will also tell you
whether your bid is not unique, unique but not the lowest or it is the
current lowest unique bid.
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Bidding on Your Mobile |
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| From your phone’s main menu: Select Messages, then Text Messages, and then Create/New Message. |
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| Text the designated keyword for a specific auction (ie, nano) to 72777. |
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| You will receive a welcome message at this point. Reply Y to continue |
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| After you reply Y to the welcome message, we will send you instructions on how to start bidding. |
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| Reply with the item and your low bid in cents (i.e. nano 134 to bid nano $1.34). Remember, in a MYIA Auction the lowest unique bid at the auction's end wins! |
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| Now you’re in! Bid more to receive tips that help you find the lowest unique bid. Bump other players' bids along the way. It's easy and good, clean fun on your mobile phone! |
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Also view our FAQs page for additional answers to your questions.
For more text messaging help review your phone user’s guide for instructions.
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