Social Media Auction website startup


1

I need more vendors to join my startup, likebids.com, but I only have 10 so far. Can anyone give me more information on where to find the right advertisers that would be interested in our concept?

The concept is this: vendors give away one product free in each auction to the top bidder. The top bidder wins the product free by referring friends/followers to click like/tweet and the user with the most shares wins. Also, users get discounts for a minimum amount of shares vendors give.

Thanks in advance.

Marketing Ecommerce Social Media

asked Feb 22 '11 at 12:12
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Like Bids
6 points
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2 Answers


2

If you haven't worked out how to get users yet, you have a piece of software - not a business.

Have you established whether people actually want your service, who your customers are, whether they will pay for it, how will you make money?

If not, if I were you, I would take a step back from the website development and start talking to potential users. Then you will quickly find out if you have a go-er and how to find the users that would be interested.

answered Feb 22 '11 at 13:39
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Susan Jones
4,128 points
  • Users don't need to pay money. They share auctions to get discounts or win products free. Second, my question was how to get more vendors, not users. We have a plan on how to get traffic but we are looking for more e-commerce companies. We already have 2 fortune500 companies working with us. – Like Bids 9 years ago

0

The vendors that will be most interested in your company will have budgets dedicated to acquiring likes & tweets. Try to chase those dollars.

At least three strategies to consider:

answered Feb 22 '11 at 22:10
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Burritoboy
431 points
  • Thanks for your insight. Very helpful! :) – Like Bids 9 years ago

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