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ipads for as low as $40!

Discussion in 'BlackHat Lounge' started by howard_hughes, May 27, 2013.

  1. howard_hughes

    howard_hughes Elite Member

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    New Online Auction Sites Deliver Thrills and Deals

    It?s called QuiBids ? and it turns out that they are selling everything from the latest new Apple iPads and iPods, to MAC and PC notebooks, to HDTV?s and gift cards from the top retailers at prices as low as 5% of regular retail prices. Now, of course, anyone in their right mind would be skeptical of such a claim ? so we looked into it to learn just how they do it. It turns out that both the prices and the products are real. QuiBids runs a unique version of the traditional auction - when you bid on an item you actually get charged a small fee of about 60 cents. Collectively, the amount collected for all of the bids on an item allows the company to sell the item at a price far below actual retail and even below the wholesale price they paid the manufacturer for it.

    Source:
    http://www.howlifeworks.com/Article...B63C-03C8339D265E&did=2759&cid=1005&si_id=418
     
  2. shailzrocks

    shailzrocks Jr. Executive VIP Jr. VIP Premium Member

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    Very Old Biz-Model. Nothing unique in this, there's atleast 1 site popping out each day...
     
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  3. spirtx

    spirtx Junior Member

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    Agreed with the above, seen this come and go all the time
     
  4. rettaibi

    rettaibi Regular Member

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    Bidson is also one of them since 2006
     
  5. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP Premium Member

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  6. pathart

    pathart Senior Member

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    Doesn't crazyflx have some connection to this site?
     
  7. whynotmakeit

    whynotmakeit Power Member

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    shit....not another one!!! Scam scam scam........
     
  8. rasmusk

    rasmusk Senior Member

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    God.......................
     
  9. Duffers5000

    Duffers5000 Elite Member

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    does it work like this model
    ?

    Where you have to buy your bids ? Hard work is all I will say
     
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  10. daddymax

    daddymax Junior Member

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    i have a an affiliate link to a similar site on one of my gambling sites and it generates an average of £15 a day.
     
  11. daddymax

    daddymax Junior Member

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    yes man its the exact same robbery.
     
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  12. hameem

    hameem Elite Member

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    Gambling rather. Penny auction.
     
  13. basanti

    basanti BANNED BANNED

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    Promoting own site on BHW eh?
     
  14. Moosey

    Moosey Senior Member

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    Custom bots make sure you won't win shit on any site that functions like QuiBids.
     
  15. AnotherOne

    AnotherOne Senior Member

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    Bidbots won't let you win anything :|
    Some famous blogs have written articles on that.
     
  16. crazyflx

    crazyflx Elite Member

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    Haha, sort of. Check out the link in my sig.

    I'm not affiliated with their site in any way, my product just works on their site.
     
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  17. crazyflx

    crazyflx Elite Member

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    Considering I've got a product that works on their site, I do have a vested interest in ensuring that people know that their site isn't a scam...I will say that it is not EASY to win. My business partner and I have developed a software that works in tandem with their site. My business partner has spent well over $60k on their site and he has won quite a lot on their site ($40k or so in net winnings after selling his winnings through various outlets such as eBay & Craigslist).

    You can actually go onto their site and not lose almost anything at all, provided you're willing and able to buy the item you're bidding on outright...and that's because they have a different business model than almost every other penny auction site there is.

    This is how their site works:

    You buy "bid packs", where each bid costs $0.60 cents. So if you want to be able to bid 100 times on an item, you have to buy 100 bids. 100 bids x $0.60 = $60.00

    So spending $60.00 gives you the ability to bid 100 times on as many or as few auctions as you'd like.

    Every time an item is bid on, the prices increases by $0.01. The timer increases by 10 seconds or so every time a bid is placed (so you can't ever "bid at the last second"). If you're the last person to place a bid, you win the item.

    The KEY DIFFERENCE with their site over other penny auction sites, is that they will not allow you to bid more than the retail price of the item. If you end up spending, in bids, what the items retail value is, you get to keep that item anyway, even if you didn't win the auction.

    Here is a "real world" example:

    Let's say they have an auction for a $60.00 walmart gift card. The auction will start at $0.00. Every bid that is placed will increase the price of the auction by $0.01. So let's say you come along, and you place one bid. The price of that auction is now $0.01 and you will have spent $0.60 to place that one bid.

    Let's say that you place 100 bids on that auction, but you don't win and the auction keeps going. It doesn't matter, because you've paid full retail value for the item...so you get to keep it anyway...they won't allow you to continue to bid on it.

    They make their money from the people who aren't willing to "go all the way"....there are hundreds of people who will place $20 worth of bids on the item, and then quit because they didn't win the item at a discount.

    If you go into every single auction with the money and time to "go all the way" and pay full retail value for the item, only one of two things can happen:


    • You either win the item at a discount
    • or you pay full retail price for the item

    If you go into an auction for a $100 gift card and you've only got $10 to spend, odds are you're probably not going to win.
     
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    Last edited: May 29, 2013
  18. redemption777

    redemption777 Newbie

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    i agree with the first poster :) :congrats: