Hey friends, I got Apple Mac in $27.52 from one auction site. It's cool auction site and you can bid brand new items at lowest price ever. You can try bidding after register. The link of site is

http://www.swoopo.com/?partner_id=uid1701215

I already received that , but they charged $19.99 extra for shipping.

its not a scam site... they charge 0.75 from every bid u make... in and u gonna make at least 3 -4 bids and at the same time thousands of people would be making bids... the site gonna make money from these bids......
pretty good idea

Is this genuine sites..its unbelievable price..IS DAT within America or they do deliver outside too..

the site is genuine... also the price is unpredictable... they cracked the good business notion.. 75 cents for every bid... just calculate how many bids people around the world place in certain time when the price is that low.... of course the number goes in thousands .... and they ultimately make huge profit and and sell out the product...

whoever has done.... its pretty good idea

Swoopo - A Different Kind of Auction Site

I came across the auction site, Swoopo,
yesterday via a Google ad in my Gmail news ticker. I hadn't heard of
the site so I decided to check it out (it seems ads do work on me
sometimes). My initial impression of Swoopo was "HOLY CRAP! There are
some GREAT deals here!" I was stunned, no amazed, at how low the prices
were on everything.

You don't have to take my word for it here are some examples of auctions won there in the past day:

• Sony Playstation 3 - 80gb : $60.00 USD
• Nintendo DS Red : $67.95 USD

Not all of the items sold on the site are games but most of the
stuff is electronics. Video Games, cameras, phones, tvs etc. As a
gadget junkie I thought I had found a little slice of nirvana. Who
knows maybe I have but, once I looked a little deeper, I saw that it
wasn't all as idyllic as it first appeared.

In order to bid on Swoopo you need to buy a bid pack. Bid packs
range from $20-$500 in cost. Initially I thought that I basically just
had to pre-commit some money to the site before I could bid. However,
it turns out what you are donig with a bid pack is buying the right to
bid at $1 for each bid option. Thus a $20 bid pack gives you twenty
bidding opportunities. If you get caught up in a bidding war with
someone else and that one item takes all twenty of you bids but you
don't win the item you're still out the $20. Multiply that by all the
other people bidding on items and it suddenly becomes obvious how they
can sell stuff so cheaply; all participants are offsetting the cost of
each item.

Let's look at the Nintendo DS I listed earlier. Some guy named
Dorsey36 won it. He had to bid 14 times to become the high bidder so
right off the bat he alone has spent 14 just for the chance to win the
item. Fortunately for him his highest bid was enough so he won the
chance to pay $67.95 for the system; add in his $14 in bids and he
actually spent $81.95. That's still a great deal for him - he saved
$48.04 on that particular item (based on MSRP of $129.99). However,
everyone else who bid lost at least $1 in order to participate.

It also doesn't appear that you can get a refund for your bid
package. Once you buy a set number of bids Swoopo keeps your cash
whether you ever use them or not. So if you bought 20 and you were the
aforementioned Dorsey36 you now have 6 bids left to try and win some
other item. More than likely you won't win something with just six bids
and thus your actual expense for the console was $85.95. Multiply that
out by all the other users who have an insufficient number of bids left
to do anything else with and Swoopo has really made a nice profit.
Pretty ingenious really as I imagine most people would invest in
another bid pack before throwing some bids away in an auction they have
no chance of winning. Once you're in the Swoopo system it's mentally
tough to escape.

It's important to realize you could easily invest in a bid pack and
never win a single auction. However, to help minimize the risk of
people abusing the system and the great deals any one user account is
only permitted to win 8 auctions in a 28 day period; thus, at most, a
person can only be bidding in 8 auctions at once (assuming they haven't
won any yet in the current period yet). It's not really a fixed 28 day
period either, but rather, a rolling one. Thus if you win an item on
the 1st one of your auction slots will be filled. If you win one more
on each subsequent day then, by the eighth of the month all eight of
your slots will be filled. Then, on the 29th one slot will open up and
on the 30th another will so forth and so on until all eight of your
slots are emptied (though, you could be filling them as they empty).

I haven't bought any bids yet and thus can't really comment on how
quickly they ship or even on the legitimacy of the whole operation.
However, I can say it is kind of fun to watch the auctions as they near
the end. People jump in, just like on eBay trying to win an auction;
however, with each bid more time gets added to the auction thus those
final seconds (or minutes) happen many many times per auction. It's a
great way to drive up the price, suck in more bids, and generate
revenue for Swoopo plus the people bidding get to go through an
emotional roller coaster as they try to seal the deal. I imagine part
of the benefit, to the consumer, is the adrenaline rush that comes in
the heat of competition near the end of an auction.

I did register with the site yesterday but I don't imagine I will be
buying any bid packages. I can't rationalize spending money for the
opportunity to spend money. However, I wish I had thought of the Swoopo
business model because it seems like a great way to pull in far more
than face value on nearly every item you sell.

source: http://finalcut.newsvine.com

found that it was kind of gambling..i bough 30 bids but I could not get any...so..it's just a gambling..

suravi,

How many bids you had to place to win ? Can you give some information?

I tried to register with Minnesota or Maryland as my state but whatever state I put, it gives following error

"We are sorry, but we are unable to offer our service in the following states:
Puerto Rico and protectorates."

 

What the heck is this?

Yes friends, its little bit kind of gambling. I won this item in 16 bids, that means $12 for bid, $27.52 for laptop and $19.99 for shipping. So, in total it costs me $59.51. But, one good news is, if you win an item today, they will refund your bid amount. If I spent 100 bids and I win, then they will refund my that 100 bids value. But, still its kind of gambling.

WARNING!!! Contains unauthenticated contains. Look that up in your bottom left of your browser. And there is one small lock symbol. Move your mouse icon there and you will find that warning. SO, what does that mean?? It means you might loose your identity , your banking information, get charged unknowingly and so on. So be safe than sorry.

well you don't normally hear about losses rite?

I fell for it. lost out on a bit on money! damn panasonic g1!!!

The time and probabilities have to be right for you to win. In other words, extremely lucky. Plus it somehow seems scandalous. This site is only for people in the US. And I tried this at 4 in the morning, yet it was swamped with bidders!! real ones or theirs, I'm not sure.

Anyhow if ure feeling lucky go for it, its fun, but no fun losing.

They have bidbutler which IMO is the way to go. gluck

I too played 12 at night, 4 am , 6 am and 9 AM. Even these time there are bidders there. I spent few bucks hoping for something great. But I lost... there is very very less chance of winning any bid. But infront of my eys one guy took philips 47 inch hdtv with 1400 $ at just 8$.
It does not guarantee win even if you spend lots of money. I will never visit the site.

i was bidding for the same 47" philips HDTV. Damn! that guy got it.

and lost another bid for samsung 40" HDTV as well. somebody got it gor $24.

 

Man I just lost $37 bucks thanks to bid butler!!!

this is crazy.. gamble gamble. gotta check my horoscope before playing! lol

This is like ebay + Las Vegas. They are making fortune of this. But i think this might not go that far due to ethical issue.

damn people.. i wanted to buy something from there too.. i wanted the camera.. somebody got it for like 24 bucks.. i don;t know whether it is authentic or not.. but check the concept of that business or the site..
they charge you 75 cents for every bid... and we have to buy bid credits... they make 22 or something dollars for bid credit.. and 75 cents every bid.. i found out that bid starts at 2 dollar bhanum na.. then it reached like 24 to 50 dollars for every stuff.. that means there is 5000 bids in penny auction.. 5000 times 0.75 is $3750 for every purchase.. even though they sell 2000 dollar HD's for 100 dollar they make 1750 dollar profit..
whoever designed it.. they got some businesss concept...

walkahead: yeah that way they can afford to even give out the items free of charge.

Like the Panasonic G1 Cameras which cost ~800 bucks. Each bid raises price of item by 1 cent. They start it off with $0. I saw one get as high as $104. That is like 10400 bids!!!!!! 1 bid they make 75 cents. 10400 bids they make a whopping $10,400 on a friggin camera that only costs 700 bucks plus they get 104 dollars from buyer plus 20 bucks shipping.

Now I belive this is morally wrong! they are ripping off a lot of people without anyone realizing it! That and plus I'm pissed I threw away $100 bucks on bids!..


But if you're lucky please do post what you won!!!

I'll let you know when I get the camera ;) heheh

i was thinking about trying it.. but after all the calculation and all that.. though i don't care how much the site makes.. whether i win anything i thought i would be looser if i don't really win the bidding.. so i gave up.. and ended up getting the full price camera..

but really hats off to the business plan..

walkahead bro, its not a plan, its a scam..

Read: http://architectures.danlockton.co.uk/2008/10/02/swoopo-irrational-escalation-of-commitment/

bastards!!

hehe.

oh well i learnt my lesson. If something is too good to be true, it probably isnt. :(