2. Introducing the Competitive Shopping
Marketplace
Marketplace: A commercial world of buying and selling
Competitive Shopping: The process whereby consumers bid
against each other with pre-purchased bids in an effort to win an
auction item at discounts of up to 95% off the retail price.
Competitive Shopping Marketplace: A marketplace where
merchants enable consumers to engage in Competitive Shopping
to earn discounts of up to 95% off the retail.
5. Components of Competitive Shopping
Current auction price
Auction clock
Avatar & username of
the last bidder
Auction bid button
Break down of
discount compared to
the retail price
6. Components of Competitive Shopping
History of the most
recent bids
Auto-bidder console
Sponsor merchant’s logo
Discounted Buy It
Now price
Buy It Now button
7. Components of Competitive Shopping
Buy It Now buttons Buy It Now prices Current auction prices
Bid buttons & Auction clocks
Sponsor merchants username of
the last bidder
9. Competitive Shopping Quick Facts
• Bids cost $1 each
• Each bid increments the auction price by $0.01 (a penny)
• Each bid resets the auction clock to the 10 second mark
• There is one winner per Competitive Shopping round
• Every Competitive Shopping round offers a Buy It Now option
• The Buy It Now price is the retail price minus the total value of spent
bids.
10. Competitive Shopping Example
A $25.00 Amazon gift card sold for only $2.50 in a recent Competitive Shopping round.
The winner was able to purchase the gift card at a substantial discount of 90% off the
retail price.
$ 2.50 (Competitive Shopping Price)
$ 25.00 ( Retail Price)
In total, there were 250 bids. With each bid costing $1, plus the final value price of $2.50
the Competitive Shopping round generated $252.50 in gross revenue.
The net profits earned in this Competitive Shopping round was $252.50 - $25 = $227.5
Because the Buy It Now option allows a user to apply the total value of their spent bids to the Buy It Now price, net profits may be lower
depending on how many users elect to use the Buy It Now option.
11. Conclusion
• Competitive Shopping offers consumers an entertaining & new way to shop
and save with multiple merchants.
• It enables consumers to compete for substantial discounts on popular high-
priced products such as: gift cards, smarphones, tablets, notebooks etc…
• Consumers can apply a bid before they buy strategy to possibly win their
desired product(s) at substantial discounts of up to 95% off the retail price.
• It has the potential to greatly increases our partner merchant’s net profits.
• It will increase our partner merchant’s retail sales via Buy It Now.
• It enables each member to earn a permanent monthly store wide discount
from 2% to 50% once per month on any product from any of our partner
merchants.
