Monetize Your Audience Easy

We’ve created a one-of-a-kind platform that combines the power of one of the world’s oldest industries, Auctions, with Loyalty + Rewards, plus the viral nature of modern-day social media.

Winning Bidders pay just 1% of face value, while Sellers always get paid 100% of their asking price (Microbid pays the other 99%). And, even if you’re not a Seller (or Provider) - you can still create + post viral Auctions. And, if someone wins one of your Auctions - you earn 10% of the Face Value/Buy Now price if your Auction is successful (ie. is won by a Bidder)!







Here’s a quick summary/overview:

1. REFERRERS/AFFILIATES

Track your Referral Clicks, Activity, Signups & Earnings from your Ξdit Profile page.

3-TIER REFERRAL COMMISSION SYSTEM

1. Refer others who buy (and place) bids (on the Auctions) and you’ll earn 10% commission (ie. $10 for every 1,000 bids) they purchase/place + 10% of their referrals’s purchased bids + another 10% of their referrals’s referrals’s purchased bids. Meaning 30% across all 3 Tiers.

Note: There are lots of people out there who already have huge followings, which is why we added a 3-Tier Referral system. This allows early adopters who may not have a huge following to benefit greatly from others that do.

2. Refer others who upgrade to Microbid+ (our premium monthly membership) - and you’ll earn 50% Commission for every month they’re a member. Note: Membership prices are currently introductory and will go up soon - meaning your potential commissions will go up too.

Note: If Users purchase any sort of Annual, Semi-Annual, etc Plans, then you’ll receive 40% Commission of the total purchase price.

3. Refer someone who wins an Auction and you’ll earn 10% (of Face Value*) of the Auction they won.

* Note: Face Value is actually the "Buy Now" price input field when you are creating your Auction. It’s essentially how much it would cost to purchase the auctioned item(s) and/or service(s) in the real world.

2. CREATORS

If you’re a Creator, Influencer or similar you can also create/post your own Auctions based around things, items, services and ideas that you think your Audience would be interested in as a way to really get their attention.

And, if your Auction is successful (ie. has a winning Bidder) then you can earn a Creator Bonus of up to 25% (of the Buy Now/Face Value); depending on what you set your Creator Bonus amount at when first creating your Auction.

Note: Currently you can "markup" an Auction by +25%, but we’ll soon be rolling out an upgrade to the feature, which will allow you to choose your markup %. This helps build in compensation for Creators’ efforts, while still balancing how fast an Auction goes, ie. the lower the overall Auction value, the faster Auctions go.

3. SELLERS/PROVIDERS

If you sell something, like a product, good, item, service, etc. then you can create crowd-powered Auctions around whatever you sell as a way to retain and engage potential customers who might not be ready to purchase just yet, as well as a way to boost sales.

And, if and when someone wins your Auction - you not only get that sale, but all the others you may have gotten from bidders who turned into paying Customers.

Microbid’s Account/Profile pages have been specially designed to be an easy place where you can list your best Auction(s) and where potential Customers can easily find and place bids on them as well.

You can also mark up your Auction’s Value by up to 25%, thereby increasing your revenue to offset for Marketing, etc. But, beware, the higher you set your value, the higher your Reserve Price will be - which means it’ll take more bids and longer to reach the reserve.

See an example Account page: Microbid Account page

4. OTHER MONETIZATION OPTIONS

Soon, we plan to start a Reseller Program where Members, Businesses and Brands can purchase bulk Bids and then give them out on their own.

REFERRAL PROGRAM SUMMARY

1. You earn 30% Commissions for every User you refer who buys (and places) bids - at a 10% commission (ie. $10 per 1,000 bids) rate per tier.

2. You earn 10% of the "Buy Now" (ie. Face Value) of an Auction when someone you refer is the winning bidder of an Auction.

3. You earn up to 25% of the Asking Price (ie. "Buy Now"/Face Value price) of an Auction that you create when it is successful, ie. someone wins (as a Bidder).

4. Then, of course you earn 100% of your "Asking Price" if someone wins an Auction where you're the Seller of the Item (or Goods) or Provider of the Services.

That’s it! Simple. View How It Works