Home Forums Hunting & Shooting Hunter's Campfire DealDash???

Is this some chit? BS or what?

Jeep for 5267.00$
Laptop $13

Small ice nmaker for $17


other seemingly deals way too good to be real


But I see these ads late at night for years. Just wondering

It’s all bullshit. Most of the stuff on there is plain junk like a 99 cent store. I joined years ago and got fed up. There is more to it than say EBay. Someone will hopefully chime in that understands how it works.

Slumy:

I think one pays something (like a 15 cent fee) every time he/she submits a 1¢ bid. Money thus earned significantly exceeds the final bid price.

I.e. If there are 100 one cent bids moving the price from zero up to a dollar, they have already taken in $15, and the sale is not over.

Get to a 10-buck accumulation in one cent increments, and they've taken in $150. One hundred bucks, and they have $1,500 in hand. A really great scheme. Wish I had thought of it. Think of their income if something gets into the $500 or 1K range.

One can likely surf up some reviews that provide a better explanation.

EDITED:
Just went to their site and checked. Each submitted bid brings in 13¢. My error. So, for the Jeep, $5,627 x 100 means 562,700 1-cent bids were accumulated. Multiply that by their 13¢ take for each bid, and their income was $68,471.00. Probably some profit margin therein.

In the end, the winner also has the privilege of paying the final bid price (I.e. $5,627) added to the take above for a total of $74,098.00 for the company.

The $17 icemaker brought in $238.00

Great if one was the last bidder, but the real money came from all the suckers that pushed it up there.

I recall some penny auctions when I was a child for grade school fundraisers. As long as kids kept tossing in single pennies the auction kept going. Pretty well cleaned out everyone but the last kid standing.