Oklahoma City, OK — October 22, 2012 — QuiBids.com, the world’s leading entertainment retail auction, announces the biggest update to its auction model since the site was established in 2009. All QuiBids auctions for tangible products now offer customers their choice from a variety of comparably priced items, should they win an auction or purchase the product through Buy Now. The new auction model was introduced steadily over the course of several weeks to allow customers the chance to acclimate to it.
Congrats to our newest Featured QuiBidder, Marion G. from the United States. Like many who have used the site before her, Marion was skeptical about the legitimacy of QuiBids. However, after reading through the materials on our site, Marion soon realized that she would need to try it out for herself to see if deals were possible. See how it turned out for Marion by reading her full QuiBids story below – And don’t forget to congratulate her in the comments!
QuiBids is Oklahoma City-grown and Oklahoma City-proud!
All five members of our executive team (I like to think of them as our founding fathers even though they’re all in their late twenties and early thirties) were either born or raised in the OKC metro area, which is why they chose to headquarter QuiBids in Oklahoma when they established it in 2009. Though QuiBids’ first office was technically CEO Matt Beckham’s apartment, it’s now located in the Valliance Bank Tower, near Oklahoma City’s thriving 50 Penn/Belle Isle district.
Of course thriving local businesses are good for a city’s (and state’s) economy, but QuiBids’ Oklahoma contributions can’t all be measured in dollars and cents. Our operation began with a modest six folks and now employs about 150 well-educated people with high-quality, benefits-paying jobs. About 85% of QuiBids employees hold at least a bachelor’s degree, and many of them began working for the company on a part-time basis while still in college. As QuiBids expanded over the last three years (and continues to grow now) we’ve been able to hire these young part-timers into salaried, full-time positions right out of school, keeping a host of bright, young men and women from carrying their Oklahoma educations off to the benefit of other states.
And with all we’ve received, we find great joy in giving back to Oklahoma. QuiBids partners with a handful of charities, most of them local or localized chapters of a larger organization. We helped build and stock a “QuiBids house” with Habitat for Humanity and recently sponsored grocery shopping trips for several underprivileged families in partnership with the Regional Food Bank of Oklahoma.
Last August we received our first audit by the Oklahoma City office of Grant Thornton LLP, an accounting and audit firm that’s headquartered in Chicago. They found that QuiBids is legit! Read for yourself:
“QuiBids maintains effective controls to provide reasonable assurance that bids are placed by bona fide users and does not manipulate the bidding process to inflate the bid price or affect who wins the auction (no use of bots, shill bidding or bidding by employees).”
“QuiBids maintains effective controls to provide reasonable assurance that winning auctions and “Buy Now” orders are fulfilled (i.e. shipped).”
About a month ago, Grant Thornton completed their second audit of our company and that report is now available here on our site. [The previous report can be read in full here.] In addition to reaffirming the two statements above for the second consecutive year, they verified several other claims that we make about the service we provide.
We’ve noticed on social media and in calls and emails to Customer Support that some of you are concerned that our new auction format increases the level of competition in QuiBids auctions, or that they’re more difficult to win.
That isn’t the case. The level of competition on QuiBids auctions is most directly affected by the number of auctions scheduled and the number of customers on the site, all at a given time. In this case, the auctions are the supply and customers are the demand. If auctions got to be too competitive and people stopped winning as frequently, we’d probably lose a lot of customers, and no business wants that! If it’s the case that people start bidding more in auctions, that more people bid on auctions, or both, then we’ll pump out more auctions to meet the demand.
The new format (which we explained earlier this week at great depth) creates a win-win situation that will allow us to host more auctions for you! With the old auction model many customers weren’t seeing what they wanted when they came to QuiBids. Sure, there’d be an iPad here or a camera there, but the auctions came and went quickly, so customers would often say “No thanks. I didn’t find anything that I wanted,” and would leave the site without bidding.
Being a retail company, that made us sad. We want everybody to find something that they want every time they come to QuiBids because —like any long-term, sustainable business— we want our customers to keep shopping with us consistently. So we came up with this new format as a way to offer more products so that you’ll hopefully find something you want every time you stop in. It’s a win-win.
Congrats to the newest QuiBidder of the Week, Lisa B.! Lisa is from the United States, and has been using QuiBids for over a year. Like former QuiBidder of the Week, Celeste K., Lisa also won a Hawaii Vacation from QuiBids! Lisa also plans to use QuiBids for her upcoming holiday shopping. Be sure to read Lisa’s full QuiBids story below.
Do you follow QuiBids on Twitter? Our followers get to enjoy lots of great things like exclusive updates and company announcements. However, one of the more popular reasons people follow QuiBids is for the fun opportunities for free bids via daily Twitter contests.
Since today is Poetry Day, we decided to ask our followers to compose a poem about QuiBids in 140 characters to use as an entry in today’s free bids contest on Twitter. We enjoyed the creative poetry skills so much that we decided to feature them in a blog post! Continue reading to see some of our favorite “Twitter Poems” written by fellow QuiBidders. Leave a comment below and let us know which poem you think is best.
You said you wanted a wider selection of products, so — here it is!
The new auction format now comprises 100% of QuiBids auctions for tangible products (we’re still tinkering with Limit Buster and Voucher Bid auctions at the moment), which means that our customers now have unprecedented access to bid on and purchase products. That’s more choices, more convenience, and more fun!