So Listia as a platform is very straightforward and intuitive. Here`s the basic overview:
1. You sign up and are automatically given 1,000 credits. 2. You can use those credits to bid on free items - everything from iPods to magnets to invites to websites. 3. At the end date, the bid with the most credits wins. 4. To get more credits, you can either sell stuff, refer friends (10,000 credits per friend), or buy credits ($0.10 per credit). The latter is essentially Listia`s revenue model.