WEST PALM BEACH, Fla., Aug. 27, 2009 — In response to people increasingly purchasing items online and looking for ways to save money, Creative Shopping, LLC today announced the launch of a new online shopping experience: http://www.snaglo.com. Snaglo's auction-based shopping model allows consumers to bid on name-brand items for mere pennies and, potentially, purchase brand-name products at steeply discounted prices (e.g. 75% off of list price).
With the prevalence of the Internet and difficult economic times, searching for great deals online has become a global phenomenon. As the economy has tightened through 2009, there have been growing numbers of "time-rich, cash-poor" consumers seeking today's lowest-cost methods to purchase products.
According to a study by Forrester Research, "Online auction purchasers are an attractive segment of the Web buyer population … most online auction buyers report being satisfied with their most recent purchase and are likely to return for future purchases …."
According to an article in The Wall Street Journal, "[there is an] increased concentration on auctions, retailing, and payment processing."
Via live auctions, http://www.snaglo.com offers name-brand products at extreme discounts set by the consumers. Shoppers bid on auction items with pre-purchased bids that raise the auction item's price by a set increment (e.g. 2 cents). When a bid is placed, the auction period is extended by 15 seconds. The shopper that placed the last bid when the auction period expires is the winner of the auction.
"We are responding to the ongoing quest for the next big bargain and the thrill of a healthy competition," said Myron Miller, CEO of Creative Shopping. "Snaglo.com gives the bidder the opportunity to purchase items that they never thought they could afford."
Brand-new brand-name products in the original packaging priced at a fraction of list prices represent a new and exciting shopping experience. Unlike other shopping sites that offer shoppers deep discounts, merchandise offered on Snaglo are all brand-new factory-sealed products.
Snaglo.com is offering the first thousand applicants the chance to beta-test the most exciting and creative shopping experience on the Internet. Take advantage of the private beta test before it goes live to the public.
"We want people to have fun and reap the benefits of a great deal, so why buy it – just snag it," said Miller.
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