This person that think of this concept is marvelous.
How they earn money?
They earn money through the bids that you buy.
When you sign in, if free, they give you 3 bids which is free. Which mean 3 times to bid the product.
100 % you can't win from 3 bids.
So you have to buy bids.
How much is the bids?
Bid packages
Package Price/Bid Price
10 bids RM 2.00 RM 20
25 bids RM 1.92 RM 48
50 bids RM 1.80 RM 90
100 bids RM 1.60 RM 160
300 bids RM 1.50 RM 450
If you buy 300 bids it is worth RM 450 and not yet calculate the product that you pay for.
He he he, clever marketing strategy.
If you have time, you can try it out.
This is how they earn their money.
http://forum.lowyat.net/topic/1077480
More: http://www.codinghorror.com/blog/archives/001261.html
http://www.pennyauction.com.my/
3 comments
its a scam
no its not a scam,
Just that the deal is not so good.
Maybe you will get cheaper about 20%
if you search in google u will know, a lot of ppl cant even win an auction after spending lotsa $ in it.
as cantonese always said 'bin yau kap la choi kai tiu'... no free lunch in this world