So we’ve noticed some impassioned feedback on the QuiBids Facebook wall in the last day or so and thought it prompted a good opportunity to discuss one of the more divisive features on our site: Limit Busters. Our business model is built to connect directly with customers, so we want to hear what you think about them.
Nearly six months ago, we increased the 28-day auction win limit from eight items to a healthy twelve. This change sparked a lot of immediate, almost universally positive feedback. More recently however, a few Facebook fans have decried the practice, saying that the change (and the availability of Limit Busters) empowers so-called “power bidders” who increase the competition to the point where bidders with limited funding can’t win auctions for more popular products.
Should we expand win limits or decrease them? Should we put a limit on Limit Busters? Should we crack down on daily win limits? Do you find yourself rubbing up against the auction limits more often now than you did when you first joined QuiBids? We want to know! But first, let’s take a minute to get the facts straight about Limit Busters and auction limits before weighing their pros against their cons.
Limit Busters — The facts
You obtain Limit Busters by winning them at auction.
Limit Busters come in three sizes: Bust One, Bust Two, and Bust Four.
Limit Busters clear the most recent win(s) out of your account to allow you to participate in auction(s).
Limit Busters do not affect several auction limits, which are indicated via asterisk (*) below.
Auction limits — The facts
QuiBids limits users to no more than twelve wins in a 28-day period. It is permissible for all twelve of those wins to occur in a single 24-hour period.
Won auctions for Voucher Bids do not count toward your 28-day period limit. However, won auctions for Voucher Bids do count toward that 24-hour period limit. As in, if you win six items and six Voucher Bid packs in eight hours, you’ll have to wait 16 more hours until you can win more items. Capisce?
You’re allowed only one win per 28 days on items valued at $1,000.00 or greater.*
You’re allowed to win only one specific product with a value price greater than $285 in a 28-day period.*
The daily win limit of 12 auctions includes auctions for Limit Busters and Voucher Bids.*
An item obtained via Buy Now does not count toward your auction limit.
Limit Buster — Pros and cons
Limit Busters offer a workaround to customers who like to bid on lots of smaller items rather than more expensive, more highly sought-after ones.
By enabling more users to bid on auctions, Limit Busters allow us to host more auctions, which means more QuiBids customers can win a greater selection of items.
Limit Busters can become a permissible way to enable “power bidders” to get around auction limits and thereby force bidders with fewer resources out of more auctions.
More popular, more expensive items (particularly high-dollar electronics) become tougher to win, because bidders with more bids can fight off users with fewer bids.
Alright, there it is. What do you guys think about Limit Busters and auction win limits? We’ve already asked the question on our Facebook wall, and “Lower daily/monthly win limits” appears to have taken a commanding lead, but we want to hear more specific feedback directly from you. So please sound off in the comments below!