Auction sites (1 Viewer)

[Bongi]

Has anyone ever used auction sites like Beezid or Skoreit? Do you really save as much as they say you do?

 

[bozoka45]

good read:

http://www.primalrights.com/forum/viewtopic.php?f=18&t=1203

You have to buy bids @ $0.40 each, 25 bids for $10 is their entry level starting point, paid up front.

Today a Canon Power Shot camera went for $11.88. The camera retails for $129.99. We can assume that Skorit did not pay that much for it, so they have less than that in it.

This auction's bidding went up by $0.02 each time someone placed a bid.
1188/2=number of bids placed or 594 bids were placed by various people, only 1 who got the deal. So at $0.40 a bid, that works out to $237.60. That plus the $11.88 the buyer paid, you get they actually collected $249.48 for a camera they claim retails for about $130, and you know they got it for a wholesale or less (I found it someplace else for $89). Not a bad deal for them, potential profit of over $160!

 

[bclemms]

good read:

http://www.primalrights.com/forum/viewtopic.php?f=18&t=1203

Exactly, brilliant idea by the auction company but it is basically like buying a ton of raffle tickets in hopes of getting an item very cheap.

 

[RazorSaint]

Penny auctions have been around forever. Who really cares how much the auctioneer makes, unless you're the auctioneer? We're out for ourselves. So think about the person that won with a $12 bid on a $130 camera. At first glance it appears the bidder came out $118 ahead on that auction, but it's entirely possible that the winning bidder has spent much more than that in bids and this is the first item won.

Basically there's a chance that you could get lucky, but it's more likely that you lose money and entirely possible that you spend hundreds of dollars and win nothing, or end up paying more than retail for an item because of the money you've already invested in it.

http://en.wikipedia.org/wiki/Dollar_auction