| The excitement and fun of eBay has dwindled in | | | | from the bid packages purchased. It’s a simple |
| recent days. Between the raised fees for sellers and | | | | business model and it’s great fun. You buy bids and |
| bad transactions for buyers the bay is suffering. Stock | | | | place them for the items you desire. The site earns |
| prices have fallen, users are searching for other | | | | revenue for the bids. The buyer wins great products |
| venues and the site is beginning to feel the pressure of | | | | at even better prices than wholesale. Everybody wins |
| competition. However there are not a lot of | | | | and who doesn’t love that. See the plethora of |
| comparable competitors who have the amount of | | | | bidders allow the product to still make its profit and the |
| sellers, buyers and name recognition as eBay. | | | | buyer still gets their awesome deal. |
| Obviously if you have been around for a decade and | | | | How can you pass up the opportunity to save |
| another site only a couple years you will not be as well | | | | hundreds or even thousands of dollars on the coolest |
| known. The thing is that eBay has marketed like crazy | | | | products? The concept brings back the excitement of |
| on the TV, internet and other optimization areas. It is | | | | online auctions with the coolest items. An online |
| hard to compete with such a globally popular | | | | shopper is usually looking for a bargain or an item |
| marketplace. One new model of auctions seems to | | | | unattainable in their local shopping environment. This is |
| have promise of doing so; the penny auctions. They | | | | where retail online shops and auction sites come in. |
| offer a unique bidding platform with no reserves, live | | | | They can offer the consumer a great deal or that |
| bidding, fast auctions and winners paying pennies on | | | | hard to find items when their shopping choices are |
| the dollar. | | | | limited. For international customers this can mean the |
| Imagine winning a new iPod touch for just $3.46 | | | | difference of receiving an item not sold in their country. |
| that’s got to be a scam right? Wrong; it is the | | | | This is common for designer goods such as handbags |
| unique bidding that occurs on pay per bid sites. For | | | | and other accessories that are only released in certain |
| example; if you spend $20 on a bid package and win | | | | countries. If you can get the products at a great |
| the iPod touch for $3.46 you’ve just won a $300+ | | | | bargain then you have succeeded. That is all these |
| item for $23.46. That sounds crazy for the seller and | | | | pay per bid sites are offering. They want their |
| awesome for the buyer! But the auctioneer makes | | | | customers to get a great deal and make their profit |
| their profits too; otherwise they would not be in the | | | | like in the good old eBay days when it was a |
| business. The website operator makes their money | | | | marketplace for the best deals. |