“Amazingly high value prizes can be won for fills. Once you bid it’s just impossible
to stop when you have been outbid. Playing by SMS is the icing on the cake”.
SMS bidding is one of the latest niche services in the premium rate market.
- SMS Auctions:
SMS auctions, is a traditional style where you SMS a bid amount
and if your amount is the highest bid, you win the item that is up for auction.
- SMS Reverse Auctions:
SMS reverse auctions is an innovative service where the winner
places the lowest unique bid. A 'lowest unique bid' is the lowest bid placed, that
no-one else matches.
For example
Bid1: AED 1.11
Bid2: AED 1.11
Bid3: AED 1.38
Bid4: AED 1.38
Bid5: AED 1.38
Bid6: AED 1.99
Bid7: AED 2.29
Bid8: AED 2.47
In the above example, the winning bid is AED 1.99 because it is the lowest bid which
no one else has offered.
How Do Consumers Take Part in Reverse Auction (Lowest Unique Bid) Competitions?
- Users’ text in a bid for an advertised item.
- Bidder receives a reply message acknowledging the bid and advising them of its
position. The bidder receives confirmation of their bid status by text message.
The auto reply changes depending on whether the bid is the successful or not.
E.g. the message can be either “Congratulation, your bid of AED 5.00 is currently
the winning bid. GOOD LUCK!” or it can be “Your bid of AED 3.00 is not the lowest
unique bid. Try again by replying to this text with your new bid. GOOD LUCK.”
- When the
time limit for the auction has expired, a service usage report is sent
to the bidder and the winner is notified
Clients benefits
1. Access high value products for very little outlay.
2. Easy to enter.
3. Instant bid notification
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Quotes:
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