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garcmol · 11-28-2011, 08:52 PM

Look at the math. The average bid on these penny sites cost .60 cents per. That $17.00 actually is 1,700 bids at .60 x 1700 bids which equals $1020.00. $1020.00 minus the $125.00 retail is $895.00 profit for the site.

Getting in is pretty easy. But you have to be aware of the math! Lets say you make 40 bids on a item you finally win for $10.00. Most folks think "Yay, I saved X %!" Then take those 40 bids x .60. Those 40 bids equal $24.00 + $10.00 (for the item) = $34.00!! And the site made 1000 bids x .60 = $600.00.

I would love to own one of these sites, but I'll pass on buying from them.

11-28-2011, 08:52 PM	#4
garcmol Drives: 10 1LT SIM; 91 B4C sleeper Z Join Date: Aug 2009 Location: Ft. Mitchell, Alabama Posts: 7,198	Look at the math. The average bid on these penny sites cost .60 cents per. That $17.00 actually is 1,700 bids at .60 x 1700 bids which equals $1020.00. $1020.00 minus the $125.00 retail is $895.00 profit for the site. Getting in is pretty easy. But you have to be aware of the math! Lets say you make 40 bids on a item you finally win for $10.00. Most folks think "Yay, I saved X %!" Then take those 40 bids x .60. Those 40 bids equal $24.00 + $10.00 (for the item) = $34.00!! And the site made 1000 bids x .60 = $600.00. I would love to own one of these sites, but I'll pass on buying from them. __________________ Pedders Pace Car Package, Injen CAI, Flowmaster AT, AAC Lighting, ZL1 fascia/skirts, RKSport Ram Air hood, vented fenders, painted stripes (Gary's Customz), Honor and Valor badged (Thank you, John)