Press - MadBid.com | Online auction site for iPhone, laptop, digital camera, cash, voucher, PS3, LCD TV, iPod, car, pay-to-bid

There is a function available to use named Autobid. This means you can use it to place bids automatically at a specific time and you can instruct how many credits you wish to spend. Overall, I do think it is possible to walk away with an outstanding bargain.

MadBid is a pay-to-bid auction site where you buy credits that enable you to bid for high-and low-ticket items. The site is very clean and easy to navigate. ( Charlotte M won a Pretty Woman DVD for 1p while trying out the site)

Despite starting his company, MadBid.com, in 2008 during uncertain times Juha Koski has grown the business to a stage where it is posting a turnover of around £15 million

Juha Koski, founder and MD of e-commerce business MadBid.com, explains how digital marketers can enhance their online campaigns by using the right technology ‘A successful marketing campaign speaks to its target audience in a relevant manner with an interesting message. There is no one size fits all approach when it comes to marketing and it is worth investing in a technology solution that enables you to communicate appropriate targeted messages to your customers with ease. There are many off-the-shelf solutions but if you have the in-house expertise nothing beats building your own system.’

In 2010 MadBid.com was Listed by the Guardian in the Tech media invest 100

At MadBid.com it works like this. To place a bid you need to buy credits sold in blocks typically costing £9.99 for 80 or £374.99 for 3,750, meaning individual credits cost 10-12p. A pair of hair tongs worth £40 recently sold for 25p…. A men’s Fila watch worth £139 attracted only 23 bids, worth as little as £9.20 to the website.

‘I've got £500 of Tesco vouchers for 1p!’ Fiona Begg 48, saved a fortune by bidding on madbid.com. After seeing the TV advert she had a go and has won items from TV’s to laptops to holidays on MadBid.com

“The Children’s Trust has been announced as the beneficiary of MadBid.com’s new nationwide fundraising Christmas campaign Bids4Kids.The UK’s leading pay-to-bid auction site has signed a partnership deal that will see MadBid.com supporting The Children’s Trust up until the end of 2011.”

WIN Loads Of ZOO Goodies! Zoo will be launching a series of Comic Relief charity auctions throughout this week on MadBid.com with the full list of auction times to be updated as the week goes on! Some of the auctions include a signed piece of artwork drawn by Keith Lemon himself!

Sandeep Anantharaman, a 26-year-old Watford engineer, picked up a brand new Mini One car, worth £12,135 for £6.83 on MadBid.com. "My £6 Mini was a dream come true" - Telecoms engineer Sandeep Anantharaman couldn't quite believe his luck when he snapped up a brand new Mini One car for little more than loose change. He drove away with the bargain in September — a month after passing his driving test. He had made 24 bids on madbid.com, an auction site where bids rise in increments of 1p. They cost him £1.20 each — a total of £28.80. Anantharaman has also bought a Tom Tom satellite-navigation system, worth £120, for 10p and an iPod Shuffle, worth £32, for 6p on the site.

‘Bidding boom’ Snap up luxury goods, from cars to mobile phones, for 98 per cent less than their recommended retail price…. The same site [MadBid.com] claims that the average profit of its top five winners is more than £20,000. The site [MadBid.com] offer a multitude of shiny, high-end goods such as Apple Mac-Book Pros, 50in plasma-screen TV’s even gold bars or wads of cash, which are directly delivered to auction winners from the sites’ warehouses. Unlike a conventional auction, all prices start at £0. Each time a bid is made the cost of the item rises by a few pence.’

“MadBid.com is the first UK-based penny auction where brand new products, such as Nintendo Wiis, iPods, laptops and flat screen TVs fall under the auction hammer everyday and sell for prices that can only be described as totally mad.”

“Fiona Phillips recommended MadBid.com alongside eBay and Amazon as a sure way to beat the credit crunch. MadBid was mentioned in GMTV’s money saving tips feature.”

“LONDON: Everyone dreams of buying a car of their own and if they can get a bargain all the better. Sandeep Anatharaman had just such a dream, but the bargain he has got is beyond belief!”

“When I popped on the site earlier today, someone had just paid £1.74 for £50 in cash and there were 12 seconds left on an auction for a Sony Vaio laptop. If I understood the system correctly, it went for £10.94, which, given that I have just spilt a large glass of water over my own laptop, (for which I paid well over £2,000) makes me think I'll be visiting the site again later today.” (By MoneyWeek editor-in-chief Merryn Somerset Webb)

BBC 1 visited MadBid HQ in London in 2008 to interview Managing Director Juha Koski. The reporters also travelled to Watford to pay a visit to our first Mini One winner Sandeep A. The interviews were screened on the BBC Breakfast News programme.

“MadBid.com recently conducted a survey to investigate regional spending habits. The survey concluded that women in Manchester were the biggest spenders, forking out more than £1,738 on shopping sprees per year. Three-quarters of women from Manchester said that they felt much happier after a good trip to the shops, and over half saying that they see it as a form of therapy.”

A BARRY teacher has struck gold twice on a UK-wide penny auction site – winning £5,000 towards his mortgage just days after he won a brand new Mini Cooper!
Mike Moreton, from Barry, has been amazed by his luck – and after finding out he had won the £12,000 car, he waited until his wife was signing for it before telling her about the cash win.

‘Jack loved the Xbox and Emily fell in love with the Marmaduke toy, while Stephanie captured the day by taking lots of photos with the camera.’ (MadBid.com’s charity deeds)

Maximising ROI from social networks. The view from MadBid.com

MadBid in the Press

The Sunday Times - Coverage of MadBid.com