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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 Elite 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 Elite 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 Elite Member

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

    macdonjo3 Elite 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 Elite Member

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    Very smart.
     
  10. macdonjo3

    macdonjo3 Elite 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 Elite 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 Elite Member

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    Thanks for bumping a 3 year old thread.
     
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