Easy Bid. A mobile auction bidding solution allowing bidders to bid from anywhere. Created at http://harrisonburg.startupweekend.org/

1. Bid from anywhere.

2. What is EasyBid?
• EasyBid is a real-time mobile bidding application that
allows real estate auction companies to engage bidders
that cannot attend a live auction by enabling them to bid
on their mobile device.
Bid from anywhere.

3. Understanding the customer
• 3 real estate auction companies consulted
– Ernie Rogers – President of the Virginia Auctioneers Association
– Tom Weaver – T. Weaver Auctioneering
– Cottonwood Auctions
• 6 frequent auction buyers consulted
• 1,700 realtors throughout Virginia emailed (35 replied
favorably)
Bid from anywhere.

4. What we built…
• Two apps, one for the auction clerk, one for the buyer.
• Works in a browser or on a mobile device
• Real-time bidding data is shared instantly among bidders
• https://s3.amazonaws.com/easybid/startupweekend.swf
Bid from anywhere.

5. Business model
• EasyBid is a fully bootstrapped startup solving a problem
for customer, minimal costs, and provides the potential
for significant financial returns
• Minimal startup and operating costs
– Equity only founders, no employees, free technology
infrastructure, free advertising (social media/word of mouth) limited
professional services and admin costs (legal, insurance)
• Revenue
– Tiered monthly subscription paid by auction companies (free bidding
to buyers) - 90 day free trial $99/mo thereafter
– Commission of 0.5% on winning EasyBids.
Bid from anywhere.