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Is there such thing as a legit penny auction site?

Discussion in 'BlackHat Lounge' started by macdonjo3, Sep 2, 2010.

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  1. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    I am guessing all of them are 100% black hat and are scams. Do they take your money and run or what?
     
  2. tubeincreaser

    tubeincreaser Regular Member

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    Most of them are legit...don't you read? They make money on their bids...
     
  3. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    Keep talking. What you pay to bid or something?
     
  4. blanko

    blanko Power Member

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    I'd think that swoopo and quibids are legit.
     
  5. DamnTees

    DamnTees Junior Member

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    You pay to place your bid. Usually these sites raise the price by only a penny or so and charge you a dollar to place your bid. If you win you have the cost to place all your bids PLUS the cost of the winning bid. These companies I would presume make a killing off their bidders.
     
  6. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    Is there a way to bank off these?
     
  7. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    Wow, $0.60 per bid! Let see. An iPad is at $15. So that is 1500 bids! Thats near $1000 they have made!! HOLY CRAP! JUST ONE ITEM!
     
  8. blanko

    blanko Power Member

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    They don't make that much money. They have autobidders that place fake bids to keep the auctions running....till they meet their 'reserve' price.
     
  9. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    Very smart.
     
  10. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    What is the best penny auction script?
     
  11. blanko

    blanko Power Member

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    A custom built one....the ones on the market suck. I've got a programmer that has built over a dozen of these sites, and he does very quality work. A basic one will cost you $2,000 and a couple months to build.
     
  12. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    Thanks Mr. Affiliate.
     
  13. blanko

    blanko Power Member

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    Mr. Affiliate? Just telling you the truth. Your best bet is to have one built custom to your needs. A ready made one will cost you around $1,000 and will be crap.
     
  14. blanko

    blanko Power Member

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    Anyways, here you go. But speaking from experience...this script is a bitch to customize.

    phppennyauction.com
     
  15. curve88

    curve88 Newbie

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    Penny auction sites make can make ALOT of money!

    One person won a brand new mustang on beezid for just 5 grand!

    Thats like $250,000 dollars that the car actually sold for thats just insane!
     
    Last edited: Oct 10, 2013
  16. TehEpidemick

    TehEpidemick BANNED BANNED

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    Thats 4/5 posts youve gravedug. Check the posts.

    More on topic now that its here, i wonder how this guy did, if you ever made a penny auction. Wish I was creative enough to come up with a pennyauction idea.

    I wonder what it would cost to start one.
     
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  17. TehEpidemick

    TehEpidemick BANNED BANNED

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    it varies. noones gonna yell over a month or two. even a few months. but almost 3 years is...yeah
     
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  18. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    Thanks for bumping a 3 year old thread.
     
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