| In this review I will shed some light on Swoopo and | | | | bids (60 cents per bid) to win the laptop at $275.00. |
| give you more insight regarding Swoopo's online | | | | Your total cost would be $60.00 (100 bids x.60) plus |
| bidding process. | | | | $275.00 plus $25.00 (shipping & handling) equals |
| If you don't already know what Swoopo is, its similar to | | | | $360.00. So basically, you would pay three hundred |
| most online auction sites, except they use a "pay to | | | | sixty dollars for a seven hundred dollar laptop! Not too |
| bid" system. In a traditional auction process like eBay, | | | | bad wouldn't you agree? |
| you would place bids up until your max dollar amount, | | | | Now on the other hand, if you were one of the losing |
| and submit your payment after you win the auction. | | | | bidders, you basically paid and lost money for every |
| However, with Swoopo, you are required to pay | | | | bid you placed! This can add up very quickly if you |
| approximately 60 cents each time you place a bid, | | | | don't know what you are doing, so you must definitely |
| hoping to become the final bidder and win the item at | | | | have a game plan to win any auction that you enter. |
| a discount. So if you win an auction, your total cost | | | | The right strategy will help you to determine the best |
| would add up as such: Bid click premium + final auction | | | | time and intervals to place your bids. Also, doing |
| item price + shipping & handling costs | | | | research (recent sales price & terms) on the item |
| For example: lets say you enter an auction to | | | | you wish to purchase will help you to determine the |
| purchase an electronic device such as a laptop. The | | | | top bid price you are willing to pay for that item. |
| auction bidding starts, and you needed to submit 100 | | | | |