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Penny Auctions?

Discussion in 'General Business' started by impros, Dec 31, 2014.

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  1. #1
    Hi,

    I am thinking of setting up a penny auction site, does anyone have experience in this? Some advice would be awesome.

    Cheers!
     
    impros, Dec 31, 2014 IP
  2. neest321

    neest321 Well-Known Member

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    #2
    What kind of advice you are looking for ? I am not sure there is much money to be made for the site owner
     
    neest321, Jan 14, 2015 IP
  3. NameBird

    NameBird Greenhorn

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    #3
    Personally I never use penny auctions sites, the idea is just so scammy, as the owner could easily bid on his own items just to make you over pay, so he doesn't make a loss, so I have never used one of those sites, so not sure how many people actually use these sorts of sites.
     
    NameBird, Jan 14, 2015 IP
  4. nathan neeley

    nathan neeley Greenhorn

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    #4
    Have you ever bought something off one? They are no good. Check out a car auction if you'd like to see some net profit quick
     
    nathan neeley, Feb 12, 2015 IP