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Penny auction question

Discussion in 'General Business' started by SHO, Dec 2, 2010.

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  1. #1
    I was thinking of starting my own penny auction but where would I get the deals from?
     
    SHO, Dec 2, 2010 IP
  2. Seqqa

    Seqqa Well-Known Member

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    #2
    What do you mean "deals"?
     
    Seqqa, Dec 2, 2010 IP
  3. SHO

    SHO Peon

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    #3
    I was wondering what type of dropshippers they use. Also have many users do you need to break even?
     
    SHO, Dec 2, 2010 IP
  4. Seqqa

    Seqqa Well-Known Member

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    #4
    As far as I'm aware the big name brands buy their stuff directly from suppliers. You can control the script/auction to breakeven on every auction, there's auto bidding bot built into a lot of the higher end scripts that automatically bids for you if the auction hasn't reached your breakeven threshold. For instance the auction won't end untill $700 of real bids has been bidded, if there isn't this about of bids that you're happy for the auction to end at the bot will keep bidding and winning the auctions so you don't lose basically.

    There was a very good penny auction script selling for around $1k a licence which looked very good and robust and had that auto bidding technology built into it, I can't remember the sites name.
     
    Seqqa, Dec 3, 2010 IP
  5. VINC

    VINC Member

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    #5
    Hey, I am running a penny auction myself. I buy my stuff at Amazon and shipp directly to our customers. If you don't have your script yet I can provide you with mine, let me know for demo. Thanks
     
    VINC, Dec 9, 2010 IP
  6. dxcena808

    dxcena808 Greenhorn

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    #6
    Are penny auction sites profitable?
     
    dxcena808, Jan 4, 2011 IP
  7. Mr. Media

    Mr. Media Peon

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    #7
    Penny auction market is getting saturated. Good luck to anyone looking to make a BIG impact in the current scene.
     
    Mr. Media, Jan 9, 2011 IP
  8. dxcena808

    dxcena808 Greenhorn

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    #8
    How many users do you think one would need before they start seeing profits
     
    dxcena808, Jan 11, 2011 IP
  9. BiggerBidder

    BiggerBidder Peon

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    #9
    at op i dont think anyone will give oit their dropshippers that its taken then years to get a relationship with lol

    does anyone know any other penny auction sites that allow you8 to sell as well as buy or is mine the only one
     
    BiggerBidder, Mar 1, 2011 IP