discounts - sometimes for pennies. To begin, users register and buy bids on beezid.com. Upon registration, they receive twenty-five free bids as a trial to get the penny auction process started. Next, members pick the item they are interested in and start bidding.

When bidding on standard auctions, the price of the item goes up by a penny. Similar to a physical auction, the timer gets reset to anywhere between 10 and 45 seconds each time someone bids. When the timer runs out, the last bidder wins. To make the process even easier and more user-friendly, Beezid penny auctions can be done manually, or through automated features referred to as AutoBeezid or Sniper. These features allow members to set functions to bid for you, so you can step away from your computer without worrying you'll miss the opportunity to win a penny auction and amazing product.

For those a little more impatient, Beezid offers members the option to buy items directly in the Beezid store. Rather than wait for the penny auction to be over, the store offers items a deep discounts because of the strong relationships Beezid has with its partners and suppliers. All items are factory sealed and are exactly the same ones sold in auctions. Beezid also offers the option to turn winnings into big profits with the flipping feature. When members win a penny auction, they can choose flipping the item as an option and go right to the editor where they can set their price and add the item to the store. All flipped items are guaranteed to be at least 20% off retail.

Beezid first launched its penny auction model in 2009 out of its offices in Montreal, Quebec, Canada. Beezid runs television commercials on National Television, as well as radio commercial spots on Sirius and XM Satellite radio. Beezid has been repeatedly featured on the Howard Stern show on Sirius Radio and has been endorsed by celbrities such as Lindsay Lohan, Kevin Smith, and Rosie O'Donnell .