Genius money making scheme.

I was watching tv and i came across a commercial promising brand new tv's for like 50 bucks and brand new cars for a couple hundred etc. So i was really intrested to see what it was and if it was a scam or not. So i went to the website they advertized beezid.com And there it was offering new tv's currently at 32.65$ for a 40in lcd hdtv and .05 for an new apple tv. So i looked into what you had to do to bid/buy these items. Heres the trick. You have to pay for bids on this site (with about 80c per bid) and everytime you bid, the item goes up by 1 penny. So right on the front page they display this brand new Sony BRAVIA EX 500 Series 40" LCD HDTV thats retail price is 899$ and its currently going for 33.50c that means that the tv has been bid on 3,350 (So 3,350 x .80 = 2680) meaning that even if the auction ended now they would have already made 1.7k profit and the customer would be happy with getting the brand new tv for only 30$.

Well anyway i thought i'd post this because i found it usefull and intresting and thought others may too.

I've also read the rules and see nothing wrong with this, Im not advertising any site rs goldfarming related or anything of the sort

 

I had seen the commercials and checked it out probably a month ago, it only works if aton of people are doing it.

Its a great idea for sure, but its kinda a scam lol

 

Some guy in the north east of England near me sold his house this way, he got his family and friends to sell raffle tickets for £10 each for his un-mortgaged house. He sold so many tickets he made double the price of his house. but that was more a raffle than an auction. but also a good money maker.

 

Realize that they prolly have to pay a shitload to get these commercials on tv, doubt they'll make that much

 

Ehh not exactly, as long as someone is getting the item, they're doing what they said they were.

Yeah, the timer adds on 20 seconds everytime someone bids, so you'd have to spend hours if you really wanted the item.

Never heard of that, but he must have sold TONS of tickets seeing as the average house is atleast 150k+

Wrong they're already making tons by doing this.

 

I know someone who uses such sites their 100% legit but you need a strategy. Just monitor site activity for 2 weeks to a month find out times with the less traffic....average times of bids ending etc.... also investment. When you see a 10K mini cooper up think about investing in £1k worth of bids.

 

It's a good money making method for the Host, but it's kind of a rip-off for the people who actually bid. If you only put 5 cents worth of bids, and if you lost the bid, then you just wasted $4..

and that's for everyone who has bidded. And who knows how many people bid on that certain item?

 

I seriously may try that

Yeah, its alot like gambling

 

It's also the same as, Swoopo.

 

This is the first time i've seen any site like this. Guess its old news though

 

I gotta try this. Not much I can lose except for a few bucks.

 

Was thinking the same thing.

 

that indeed is a great idea for company sponsoring this

 

A good deal for who ever wins the bid aswell.

 

ive seen this too bout two months ago, its really smart

 

Yeah theres a bigger site that does it, boy they make fucking profit!

 

They make so much money on that.

 

This is actually a pretty clever idea... bit sneaky!!

 

Post whore

I know and the best part of it is, anyone, even you or more could easily open a business like that with 10-20k.

 

just like madbid.tv