Post # 1
Have you ever participated in those online auctions where you pay for your bids, the clock counts down, and then when you place your bid a certain number of seconds will be added to the clock?
Are there any secrets to winning these types of auctions? They seem impossible. I’ve been watching some for awhile now and they just go on and on. How do you ever win?
They also seem illegal. You pay about a dollar per bid and then there can be over 500 bids. Each bid makes the price of the product jump up a penny. So granted, you may get an awesome product for $5.00, but the website just made $500 off that auction for a product that may only be worth half of that.
Post # 3
Are you talking about bidz.com? I have friends that have bought things off there. If you don’t like the bidding aspect there’s another version of it…can’t remember the name off the top of my head though where you don’t have to bid.
Post # 4
I looked at oohilove.com and it seemed really shady….I dont think its legit.
Post # 5
It’s legit as in legal, but what happens is people outbid each other so quickly that the company makes a TON of money. Even if the bid is say $20 for an item that’s $600, the number of bids far exceeds it. I read somewhere that they end up making two or three times the cost of the item. The only way you’ll win is if other’s aren’t paying attention or give up.
Post # 6
yeah it’s kind of a racket. The auction I started watching 3 hours ago is still going on. The product is only up to $13 right now, but it’s been going up penny by penny every 7 seconds. Super annoying. Two people have been outbidding each other for the whole three hours. I don’t know how they can afford to do this. They could have bought the product by now with all the money they’ve spent on bids.
Post # 7
I’ve wondered how they could have such low prices! That definitely explains it. I think J bought a pair of earrings for me from bidz or something like that. I think he probably lucked out on people not paying attention though. We didn’t have much to spend.