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Sun, May 16th, 2010, 11:31 AM #16
If there are only a few people on the site, I think there are some good deals to be had, no?
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Sun, May 16th, 2010, 11:40 AM #17
Wow, it sounds like an interesting concept. But I'll pass on this website.
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Sun, May 16th, 2010, 11:51 AM #18
I've seen this concept highlighted on the news recently.
Ultimately, the real winner is the company. And yes, it is like gambling.
I wouldn't touch it with a 10 foot pole. If you must bid, it's better to do it on Ebay. At least bidding is free and the counter doesn't get re-set.
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Sun, May 16th, 2010, 05:08 PM #19
I still don't get it, even with all the calculations here, people are still getting things for far cheaper than the retail price. The kitchen aid valued at $299 went for $0.71, so even the site owner made only $53.25 (71*.75), and the guy that bid, I presume he's not dumb enough to outbid himself, so paid less than half of that.
Maybe the site is losing money since it's new?
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Sun, May 16th, 2010, 05:15 PM #20
- Join Date
- May 2010
- Location
- Cape Breton
- Age
- 53
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- 10,163
- Likes Received
- 11367
- Trading Score
- 30 (100%)
Yes, 1 person got something at a steal, but a lot of others spent money and got nothing at all for it. It's gambling. I'm sure it would be fun for some people, but I don't like spending my money and getting nothing. For that I buy a Lotto 6/49 every couple of weeks or so. That's about my tolerance level.
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Sun, May 16th, 2010, 09:53 PM #21
Interesting war going on now for the netbook, now at $6.33
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Sun, May 16th, 2010, 10:14 PM #22
- Join Date
- May 2010
- Location
- Cape Breton
- Age
- 53
- Posts
- 10,163
- Likes Received
- 11367
- Trading Score
- 30 (100%)
bargainhunter 2010, I notice you've only posted in this one thread. There's a big full forum out there. Full of all sorts of interesting things, fantastic promotions and great moneysaving/making opportunities, but you've spent two days just in this one little thread. It's almost like your sole purpose here is to promote this penny auction site.
I admit, it's very clever to post as a skeptic about the site to get people to check it out, that doesn't get you immediately identified as a spammer, but you've got to take your game up a notch. If you had posted in a couple of dozen other threads as well people would take you for a new member rather than just someone promoting a product. Just sayin.Last edited by DaveP; Sun, May 16th, 2010 at 10:16 PM.
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Tue, May 18th, 2010, 12:34 AM #23
Just had a question about how it worked, seemed like a new concept to me. Have the thread e-mailing me with replies.
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Tue, May 18th, 2010, 12:56 AM #24
It isn't really a new concept; Swoopo is the one that originated this idea back in 2008.
I think the overall concept itself is brilliant for the website owner provided they get enough traffic. They can claim to sell a product for a mere fraction of the MSRP, while simultaneously making a huge profit if they get a large number of bids.
However, being a copy cat can be a difficult endeavor and there are more than a few sites who have tried a similar system and failed.
Also, I do find it a bit peculiar that this particular site has just opened, and we happen to have a new poster who has done nothing else but comment on it.Last edited by Aslan; Tue, May 18th, 2010 at 01:08 AM.
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Mon, May 24th, 2010, 06:01 PM #25
- Join Date
- May 2008
- Location
- Adjala - Tosorontio, Ontario
- Age
- 35
- Posts
- 12,444
- Likes Received
- 66
- Trading Score
- 50 (100%)
Wow! I wouldnt jump on this one at all. A $50 GC and payinng $32 s&h. You might as well go to the store and buy what you want. Sadly, people do sign up and bod this kind of stuff.
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Wed, May 26th, 2010, 10:12 PM #26
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