#386729
Mar 12th, 2015 at 08:47 AM
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Joined: Oct 2005
Posts: 21,848
Hot Rod
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OP
Hot Rod
Joined: Oct 2005
Posts: 21,848 |
Any one familiar with Qui Bids online. Is it really new stuff ?
thanks dodge
PS... My horse isn't here, this is my Nitemare..
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Joined: Jun 2005
Posts: 3,470 Likes: 3
Mr. James The Gnome Wrangler
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Mr. James The Gnome Wrangler
Joined: Jun 2005
Posts: 3,470 Likes: 3 |
I never trust the penny auction type sites; this explains it fairly well... Penny auction websites attract people to them by promising expensive, big ticket items at unbelievably low prices – for example, QuiBids shows a new iPad, which retails at $499 for the most basic model, selling for $22.54. But this winning bid of $22.54 is misleading. This isn"t the truth of how much it costs to win that iPad.
The way penny auctions work is that you are only able to bid a single penny at any time during the auction. However, at QuiBids.com, you must purchase each 1 cent bid for 60 cents. So an iPad that retails for $499 but was won for the grand total of 2,254 one cent bids (or $22.54) which actually cost 60 cents each means that the iPad just sold for $1352.40.
Though the person who wins the item usually has paid less than retail for what they have received, citing $22.54 as the winning bid is extremely misleading.
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Joined: Oct 2005
Posts: 21,848
Hot Rod
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OP
Hot Rod
Joined: Oct 2005
Posts: 21,848 |
Thank you Gremlin
Sounded too good to be true. Like they say, it isn't.
Whats your opinion of ebay?
PS... My horse isn't here, this is my Nitemare..
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Joined: Jun 2005
Posts: 3,470 Likes: 3
Mr. James The Gnome Wrangler
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Mr. James The Gnome Wrangler
Joined: Jun 2005
Posts: 3,470 Likes: 3 |
I use eBay quite a bit actually; only buy from sellers with a good reputation and lots of previous sales.
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Joined: Oct 2005
Posts: 21,848
Hot Rod
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OP
Hot Rod
Joined: Oct 2005
Posts: 21,848 |
ok.............Some say they make like $1000. a month on there?
PS... My horse isn't here, this is my Nitemare..
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Joined: Oct 2006
Posts: 46,983 Likes: 33
Frogger
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Frogger
Joined: Oct 2006
Posts: 46,983 Likes: 33 |
I too buy from there, but I do pay attention to the sellers feedback numbers. I have never sold on e-bay. My oldest DD has, but she never made that much money in one month, I am sure. I guess if you sold a LOT you could but you would be one busy person.
________ Life isn't about how to survive the storm, but how to dance in the rain!! .....
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Joined: Jun 2003
Posts: 30,583 Likes: 61
Northern Star
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Northern Star
Joined: Jun 2003
Posts: 30,583 Likes: 61 |
I always wondered how those sites work...thanks for the info.
~~Tam~ You can bury all your troubles by digging in the dirt.
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Joined: Oct 2005
Posts: 21,848
Hot Rod
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OP
Hot Rod
Joined: Oct 2005
Posts: 21,848 |
PS... My horse isn't here, this is my Nitemare..
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Joined: Oct 2006
Posts: 46,983 Likes: 33
Frogger
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Frogger
Joined: Oct 2006
Posts: 46,983 Likes: 33 |
________ Life isn't about how to survive the storm, but how to dance in the rain!! .....
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Joined: Aug 2002
Posts: 14,430 Likes: 1
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Joined: Aug 2002
Posts: 14,430 Likes: 1 |
Thank you for the link, Dodge.... Very enlightening!
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Joined: Aug 2003
Posts: 18,792 Likes: 31
Patriot
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Patriot
Joined: Aug 2003
Posts: 18,792 Likes: 31 |
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Joined: Jun 2003
Posts: 30,583 Likes: 61
Northern Star
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Northern Star
Joined: Jun 2003
Posts: 30,583 Likes: 61 |
Wow, that is unbelievable...thanks for sharing Barb.
~~Tam~ You can bury all your troubles by digging in the dirt.
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