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Penny Auctions - Your opinion?

Discussion in 'BlackHat Lounge' started by Cystomatic, Dec 8, 2012.

  1. Cystomatic

    Cystomatic Junior Member Premium Member

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    Hey guys, I have a simple question for you today: What do you think of the Penny Auction business?


    I read a lot of stuff today about one penny auction making $5million+ a month in revenue, but then getting shut down etc. Just wanted to hear what the BHW community thinks of this kind of business.
     
  2. ShadeDream

    ShadeDream Elite Member

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    He who laughs last, laughs longest.
    Those sites are big scams IMO.
     
  3. Checkmate

    Checkmate Elite Member

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    They get shut down of they cheat the users.

    They are extreme profitable but you need a crap load of traffic coming in.
     
  4. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    I think you're a few years too late.
     
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