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Originally Posted by Jakez
Yeah thats how im guessing the majority of the auctions end but my cousin has gotten things for like $5 that retail for $500-$700. I guess its just luck and knowing when to stop bidding? If I understand correctly the items are bought by the people running the site and they make money off from people bidding because each bid costs like $0.75. So they can afford the let things go for so cheap because the profits from people bidding adds up.
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Quote:
Originally Posted by HighlyIntoxicated
A lot of these websites have automated bidding bots to keep the auctions going.
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Yes and yes, so reality is that unless you are dealing with a big site with plenty of real customers, you are unlikely to be successful at anything other than spending money on bids.