Have you ever used QuiBids? Were you successful?
Last night I stumbled on literally stumbled the site www.QuiBids.com. It is an auction site that seems to have screaming deals on some pretty high end stuff (Macs, iPads, HDTV’s, etc). In order to participate buyers have to purchase the right to bid at sixty cents per bid. Their page has all kinds of info on how to make it work but I found it rather confusing. Does anyone have real world experience with the site? What strategies did you use? Were you successful?
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6 Answers
Save your money.
All QuiBids (and their ilk) do is draw you in to continue making bids (and spending money) on something you likely won’t win.
It’s not an auction (like eBay)... because if you lose a real auction, you haven’t spent a dime.
So that’s why the deals seem “screaming”... all the losers are paying for the items they don’t get.
It’s basically a scam. If you’ve already signed up, cancel your account and request a refund. You’re never EVER going to get the objects they claim for the prices they claim. It’s just not going to happen.
Suppose I decided to run a site like this. I would choose a popular item on Amazon and “put it up for auction.” Let’s say the item costs $10 and the winner of the auction got it for $5. Because every $0.60 bid only raises the bid price by $0.01, that $5.00 represents 500 bids.
500 x $0.60 = $300
plus the winner pays $5 for the item
$300 + $5 = $305
oh yeah, now I have to actually buy that item and send it to the winner.
$305 – $10 = $295
Yay! I made $295 for doing virtually nothing.
(Another vote for scam)
@phaedryx I totally understand the part about it costing money to place a bid. I understand the site is making money off of all those bids folks purchase and use and still end up without the merchandise. That part is murky for me.
To more clearly state my question, is anyone buying anything successfully on this site? If they are how exactly are they doing it? The thing is they have all kinds of blogs and information trying to teach bidders the ropes, but none of it really makes much sense to me. That is why I wanted to find out if anyone could speak to how they got a screaming deal.
I don’t see how you could have a strategy. You don’t know when the bidding will end (each bid resets the countdown clock). You don’t know who else is bidding or how many bidders there are. All that you get is a button.
You click the button: did I win? Nope. You click the button again: did I win? Nope.
It’s like playing a slot machine. Winning comes down to luck.
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