Jan 16, 2013: People desirous of buying products through auction have a reason to cheer. A new free online site called Fullonbids.com has been launched by ValueFirst. People can buy products like tablets and mobile phones by placing bid on this site. The site to start with will have 30 products for bid in a day. The total value of the products would be around Rs.50,000. ValueFirst would be looking at monetizing the site through digital advertising and the company expects to generate advertisement worth Rs. 11 crore in the first year. The people who place the lowest bid will win and they will get the product shipped free of cost. ValueFirst is targeting people in the age group of 18-45 with their product offerings.
