Off subject

[maaron]

Has anyone here been to winnit.com? For those that have never heard of it....it is an auction website except the lowest unique bid wins! For example two nights ago I won a Garmin Nuvi gps for $.26!!! Just thought I'd tell people about it in case they haven't heard of it yet.

 

[JenJen]

Has anyone here been to winnit.com? For those that have never heard of it....it is an auction website except the lowest unique bid wins! For example two nights ago I won a Garmin Nuvi gps for $.26!!! Just thought I'd tell people about it in case they haven't heard of it yet.

I will have to check that out! Sounds like fun! Thanks!

 

[Sheryl]

Sounds to good to be true, what does shipping cost? I looked at the site but will wait to see how it pans out for others, lol.

 

[Trunus]

It is legit. There is another site that has something similar. I forget it's name... Anyways bids cost money. So you really didn't win it for .26 cents. It is a shady shady thing. I mean yes you got it for pennies, only they made 4 grand off of it... Maybe not shady, but I don't like it. Here is how it works: 1000 people bid on one item. Each bid costs from 1-4 dollars. (Says the site) Only the item you are bidding on cost them 100 dollars. So everyone places their double blind bid. Then, say you put the price as 10 bucks (10 dollars for a 100 dollar device is 90% discount!!) Then you win it for 10 bucks plus the bid of 1-4 dollars. In all they made anywhere from 1,000-4,000 dollars (Since each bid is 1-4 bucks.) Ingenious ploy. Killer get rich quick scheme. I just don't like it. Eh, to each their own.

 

[JLeigh]

It is legit. There is another site that has something similar. I forget it's name... Anyways bids cost money. So you really didn't win it for .26 cents. It is a shady shady thing. I mean yes you got it for pennies, only they made 4 grand off of it... Maybe not shady, but I don't like it. Here is how it works: 1000 people bid on one item. Each bid costs from 1-4 dollars. (Says the site) Only the item you are bidding on cost them 100 dollars. So everyone places their double blind bid. Then, say you put the price as 10 bucks (10 dollars for a 100 dollar device is 90% discount!!) Then you win it for 10 bucks plus the bid of 1-4 dollars. In all they made anywhere from 1,000-4,000 dollars (Since each bid is 1-4 bucks.) Ingenious ploy. Killer get rich quick scheme. I just don't like it. Eh, to each their own.

That is nothing short of brilliant. Why didn't *I* think of it?!

 

[Runkmud]

It is legit. There is another site that has something similar. I forget it's name... Anyways bids cost money. So you really didn't win it for .26 cents. It is a shady shady thing. I mean yes you got it for pennies, only they made 4 grand off of it... Maybe not shady, but I don't like it. Here is how it works: 1000 people bid on one item. Each bid costs from 1-4 dollars. (Says the site) Only the item you are bidding on cost them 100 dollars. So everyone places their double blind bid. Then, say you put the price as 10 bucks (10 dollars for a 100 dollar device is 90% discount!!) Then you win it for 10 bucks plus the bid of 1-4 dollars. In all they made anywhere from 1,000-4,000 dollars (Since each bid is 1-4 bucks.) Ingenious ploy. Killer get rich quick scheme. I just don't like it. Eh, to each their own.

Absolutely This. I sat in amazement one afternoon just watching Swoopo.com I think it was. These folks are printing money. Not only are people paying 40 cents a bid, there are two even greater insidious things at work.

You can bid on blocks of bids, so they're essentially auctioning blocks of bids, so one person will get a great deal, and they sell bids for 15 to 20 times they're perceived 40 cent worth.

Even worse, they have what they call the bid butler, which is a bot that will bid for you incase you're at work or disposed. So while you're off doing something productive, this bid butler is outbidding anyone who bids against you. So theoretically this bot could chuck in a few thousand bids at 40 cents a pop to try to win your item, perhaps unsuccessfully.

I'd hate to see the damage two poorly programmed bid butlers do against eachother.

Stay away, far away IMO

Runk

 

[maaron]

Sounds to good to be true, what does shipping cost? I looked at the site but will wait to see how it pans out for others, lol.

Shipping is free on all items I believe...I know that he shipping is free for the Garmin I won atleast.

 

[maaron]

It is legit. There is another site that has something similar. I forget it's name... Anyways bids cost money. So you really didn't win it for .26 cents. It is a shady shady thing. I mean yes you got it for pennies, only they made 4 grand off of it... Maybe not shady, but I don't like it. Here is how it works: 1000 people bid on one item. Each bid costs from 1-4 dollars. (Says the site) Only the item you are bidding on cost them 100 dollars. So everyone places their double blind bid. Then, say you put the price as 10 bucks (10 dollars for a 100 dollar device is 90% discount!!) Then you win it for 10 bucks plus the bid of 1-4 dollars. In all they made anywhere from 1,000-4,000 dollars (Since each bid is 1-4 bucks.) Ingenious ploy. Killer get rich quick scheme. I just don't like it. Eh, to each their own.

No I didn't win it for exactly $.26 after you add the money I spent on bids I payed a whopping $9.26 for a $200 Garmin....still seems like a pretty good deal to me!! I don't think it is shady at all....they arent trying to hide the fact that they are probobly making thosands of dollars on each auction item and really who cares as long as they live up to their deal of only having the winner pay the amount they won it for...which they did in my case.....i payed $.26 with my paypal account. I wish I would have come up with this simple yet ingenious idea!!!!!!

 

[cr12]

i think its amazing, you can get the product you want for cheap they make tons of money some they are donating to charity cant beat that. !

 

[cr12]

and i just won a camera for less than ten bucks
this is awesome@!!!!!

 

[Trunus]

Absolutely This. I sat in amazement one afternoon just watching Swoopo.com I think it was. These folks are printing money. Not only are people paying 40 cents a bid, there are two even greater insidious things at work.

You can bid on blocks of bids, so they're essentially auctioning blocks of bids, so one person will get a great deal, and they sell bids for 15 to 20 times they're perceived 40 cent worth.

Even worse, they have what they call the bid butler, which is a bot that will bid for you incase you're at work or disposed. So while you're off doing something productive, this bid butler is outbidding anyone who bids against you. So theoretically this bot could chuck in a few thousand bids at 40 cents a pop to try to win your item, perhaps unsuccessfully.

I'd hate to see the damage two poorly programmed bid butlers do against eachother.

Stay away, far away IMO

Runk

That is what it was swoopo. The bid butler is a horrible idea. When I looked at swoopo bids were a dollar. I saw a laptop get to 127.30 bucks before it was done. That is 12,730 bids or $12,730.00!! (This was on a penny bid.) The laptop cost 800.00.. So they made 12 grand off of this! They did this 20+ times a week!! I sat and watched the bid butler fights... 4-8 bid butlers fight it out! Bids went crazy! Crazy get rich quick scheme.. IMO it is shady.. I mean yes, they donate to charity, but only because they too feel it. No one ever thinks about... You know don't listen to me. I am not going to get in this. I don't like it. I ask that you don't patronize it. Yet, 10 bucks for a $100.00 item speaks louder than morals from some (seemingly) crazy person. Enjoy it untill it dies.

 

[cr12]

i dont see it as a problem, someone came up with a good idea ie ebay or google, and its a win win, charities get money, you get what you wanted for a cheap price and the company makes money i think its a great example of capitalism at work.

 

[Trunus]

No on takes into account that these are whole sellers buying in bulk to get product for cheap... What about the companies that built the product? Nothing goes back to them. So they are selling a product for as much as it will sell then others getting rich off of them. Say for instance you make something. You put your heart into it. Then, someone is buying your product and making hundreds of thousands off of your hard work. Ebay doesn't charge to place bids nor hold accounts. They make money off of advertising and small fees setting up the auctions, not the products. Google also makes money off of advertising. Whoever pays more gets higher numbers in the searches. So no I do not support winnit.com nor swoopo.com. It just seems to be a very immoral method of making money. IMO

 

[krowten]

Sounds kind of like a raffle, where everyone pays a buck or so, but only one person gets the item for a buck. Meanwhile, if they've sold a ton of raffle tickets, the prize is paid for (in some cases it's donated), and they've made a nice profit, hopefully for charity.

 

[resonator]

I've been very temped to try this out. Not sure if I'm opposed to the ethos of this type of site or not. It's kind of like the free market economy at it's best, no? However, the term "shady" could probably aptly describe the whole process I think.

Heck, who wouldn't like a Garmin GPS for less than $30. However, I can't help but feel that if I blow $10 on "bidding" and don't "win" the item, I will just end up feeling like a degenerate gambler. Then maybe I'd feel compelled to "try again"... possibly to spend more dough and get nothing for it. Yes, this does smack of wagering to me.

 

[cr12]

yeah i had to stifle myself, i lost an ipod in the last 5 seconds after i dropped 25 into bidding ruined my night
i wanted to punch that dude in the face.

 

[JLeigh]

All this really is is gambling in a different format. Instead of gambling with your money to win cash, you're gambling with your money to win items. I don't really see a problem with it since the users know that it costs money to bid and that they are taking a gamble. Really, the idea is ingenious. But, just like any gambler in a casino, you can lose a lot of money if you don't restrain yourself. It's all about exercising some self-control.