Jan 05, 2010 03:25 AM
1551 Views
(Updated Jan 05, 2010 03:34 AM)
I am a s/w engineer from India and I came across a site https://bidpax.com and one of the clients of the company wanted to get something similar developed. So, I investigated how a 90K Item like a mac book etc was sold at a bid of 1 0r 2 INR thats 100 or 200 bids where each bid is avg costs at 35INR so that 3500 INR or 7000 INR.
My deduction is that the site guys are selling everything at a loss cant be so there must be something wrong/illegal they are doing -right.
And after spending a lot of money bidding that I never won as no 1 can unless they want it -that is the site owners.
Once you start bidding strongly they must have some sort of bid buddies that bids from their end.but time and again you will feel if you start bidding aggressively you will warn off others but you cannot as most of them arnt.
In the end you will see the main home page refreshes to remove the already closed auctions and that where they will strike if you or any human player isnt the last bidder you will feel a sort of technical snag and the bot wins that not you .where as you will feel some1 has actually won.
GOD great stuff guys fooling every1 with this gimmic I cudnt get your revenue model at all but now I do coz nothing in life comes cheap or free and no body does a charity, not even sell at zero mark up let alone selling something at 97% discount below you own purchase.na na SORRY guys for all who are spending in their$ for nothing.I must recommend my client to get into this business and develop something similar if he really want instant money!
