Quibids!

[DanFrank]

Does this site really work? Seems temping but kinda weird too. Saw the add on TPF.

thanks

 

[redtippmann]

Hmm... a d90 for $25 that doesn't seem odd!

 

[DanFrank]

Hmm... a d90 for $25 that doesn't seem odd!

that's what I'm thinking. But this website promotes that site, so figure Id ask

 

[oldmacman]

Complete marketing genius. It is likely a site similar to Swoopo where you have to pay to bid and each bid within the last minute extends the time of the auction. While the item might sell for $25, the combined total they make from bids far exceeds the actual retail cost of the item.

 

[oldmacman]

Complete marketing genius. It is likely a site similar to Swoopo where you have to pay to bid and each bid within the last minute extends the time of the auction. While the item might sell for $25, the combined total they make from bids far exceeds the actual retail cost of the item.

Yep.

Oldmacman calls it marketing genius... I call it a scam.

Either way, that's how it works, because I looked into it a long time ago.

You *have* to buy a certain number of "bids"... and then you spend those bids on whatever item you're trying to win... so you win the item for $25, like he said, but with the sheer number of bids that you had to pay for and waste until everyone gives up on the item and the time stops getting extended.... you might as well have bought a brand new friggin' camera.

Don't get me wrong, I think these sites, and other like them, are unscrupulous. It is kinda interesting though, thinking about someone coming up with the concept. "Hmmm... how can I get people to pay more, but make it seem like it's a good deal?" Even more interesting is that these types of "auctions" seem to be proliferating on the net. Who gets involved in this?

 

[Jcampbelll]

It's great for whoever wins the bidding but if you don't you spend a lot of money for nothing. It's around 60 cents a bid a believe. Where as on Ebay if you don't win the bidding you don't really lose any money.

 

[LittleMike]

Another similar one is Beezid. It costs $1 per bid, and each bid takes the total cost up $.01 and extends the time left on the auction. I remember seeing a brand new Dodge Challenger R/T sell for something like $850 when I was checking the site out. Sure, the winner *probably* got a screaming deal. But what about everybody else that bid too? At $850, and bids going up by $.01 per bid, that means the site made off with over $85k for a $30k car.

I agree with oldmacman, it truly is a marketing genius. However, that doesn't mean I agree with it :er:

 

[12sndsgood]

sounds like the lottery, pay a dollar win several million. good for the winner, not so much for the losers. lol.