At this point, most people have heard of eBay. A high percentage of them have probably signed up for an eBay account and have made a purchase on the online auction site. EBay has been the defacto online auction site for years. Through those years many other auction sites have tried to get some of that market share with little luck. Most just didn’t have the right marketing. After all marketing is a major factor in whether a site succeeds or not. One can have the best site on the internet, and if no one knows anything about it, it’ll never rank well on search engines or become a high traffic site.
Sometimes there are ideas that just can’t be ignored, even if they have suffered from poor marketing. This is especially true for one of the coolest sites I’ve come across recently. It is a great idea and already there are many sites trying to copy the idea. The idea is simple really, but it is ingenious. This site is an auction site that works slightly different. It is possible to win items and end up paying pennies on the dollar for the item’s worth. As an example, a Macbook which normally sells for around $1300 could sale for $200 bucks.
What’s the catch?
Well, the catch is all in the way you bid on the items. It’s more of a competition. It’s actually pretty addictive. Bids are incremented by a certain amount. There are regular auctions and penny auctions. The regular auctions increment by a larger amount, while penny auctions go up a penny every time someone bids. Any time a person bids, it costs them a certain amount of money. I believe the current going rate is around 75 cents per bid. When they bid, the current bid price goes up a certain amount and they become the high bidder. These auctions are also timed, but every time a person bids, it adds a little more time to the auction. So if one waits till the last second to place a bid, hoping to be the last bidder, the time goes up and a bunch of other people jump on board.
Now it doesn’t go on like this indefinitely. There is a permanent end time for auctions as well. This is pretty easy when you understand what’s going on.
It is very possible to get a great deal on something on this site. I’ve seen items go for 10% of the retail cost with the bidder only spending about ten bucks for bids. There are TV’s, game systems, laptops, and many other things that get auctioned there at amazing prices. Check it out here!!