Penny Auction aka Reverse Auction

[mediasup]

Can anyone break down this type business penny auction? Do they drop ship how they Monetize etc etc
swipebids.com
quibids.com
bidsauce.com

 

[BigWill]

nub

.

 

[evasive]

they should make it easier to get a fucking conversion..no one wants to spend $150 to signup

 

[gimmedat]

swipebids = jesse willms

 

[1nspire]

Autobids.

 

[BigWill]

Autobids.

Sha.

 

[cryptix]

watch the video at quibids. it's on their quibids help page for idiots like you that are too lazy to read about the business model.

 

[Garrett]

they should make it easier to get a fucking conversion..no one wants to spend $150 to signup

most people dont notice it costs $150. Its a Jesse Wilms offer afterall :food-smiley-010:

 

[mGrunin]

www.swoopo.com

That fucking site BANKS HARD.

 

[JMan1234]

Auction | Cheap TV laptop ipod auctions - bid & win on Swoopo

That fucking site BANKS HARD.

sure does: joshua stein: trying to game swoopo.com


I've thought about creating my own penny auction site. The problem is the initial upstart...you'd need a huge influx of new members almost immediately,
or else you will be out a great deal of money on those auctions that close as the site is brand new, (as there won't be many bids, or bid packages purchased),
and you will lose money on every auction.

But if you have the cash to weather the storm, you can no doubt, make a HUGE amount of money.

 

[NickRac]

bidoncash.com is another great one

 

[kaveman]

The problem is the initial upstart...you'd need a huge influx of new members almost immediately,
or else you will be out a great deal of money on those auctions that close as the site is brand new, (as there won't be many bids, or bid packages purchased),
and you will lose money on every auction.

Autobids.

dullspace

 

[iPwnNoobs]

bidsauce.com

A++++++

 

[Dullspace]

dullspace

sup brotato how have you been?

 

[Dullspace]

This thread is now about Tex-Mex and Mexican and food.

Man, I love me a good fuckin' chimichanga.

 

[MCRunning]

It's like $8 a bid and they have these bots that just bid against you. Once they squeezed enough out of everyone and paid for the prize, ta da someone wins.

 

[Sonny Forelli]

sure does: joshua stein: trying to game swoopo.com


I've thought about creating my own penny auction site. The problem is the initial upstart...you'd need a huge influx of new members almost immediately,
or else you will be out a great deal of money on those auctions that close as the site is brand new, (as there won't be many bids, or bid packages purchased),
and you will lose money on every auction.

But if you have the cash to weather the storm, you can no doubt, make a HUGE amount of money.

except they're not doing that, they're instead making sure they don't lose with technology that autobids when no human consumers are present bidding any longer up to a break even point.


of course the few lost leaders are planted.

doesn't exactly seem legal- and I see various agencies cracking down on this model hard.

 

[eVandals]

Man, I love me a good fuckin' chimichanga.

I love me a good chimichanga when fuckin'

 

[Sonny Forelli]

swipebids = jesse willms

serious lolz

SwipeBids.com Possibly Tied to Jesse Willms Just Think Media

 

[DanGlobalizer]

We're running BidCactus, which is the only penny auction site to be accredited as a legit auction site by Ernst & Young. A lot of other penny auction sites have bots and things like that to fictitiously drive up bids, don't fulfill products, etc.

BidCactus also has the lowest cost to consumer out of all the penny auction sites (25 bid pack minimum, at $0.75 per bid is $18.75 cost to consumer).

PM me for additional details.