Anbody have any experience with the auction site Skoreit.com? Seems too good to be true.
I've used it. Works just like advertised. It's not that great of a deal, it's essentially a gamble to see who is the last person to spend one of their bids on an item. I've won a couple of items and got them shipped to me hassle-free.
I think Mike & Mike from ESPN had a promo code that got you some free bids - if you're signing up, be sure to look around for a promo.
All these bidding site run the same. You buy bids (let's say at $.25 each) and then bid on items. In order for the company to make money, the total of bids plus the sale of the item has to be more than the actual value of the item. An easy example, if you bid on an item that costs $10 and takes $1 for shipping. The company needs to get $11 or more out of it. They set the price increas of the item at $.01 per bid. The winning bid on the item is $1, so they advertise it as a little over an 80% discount. Well....
100, 1 cent bids were purchased for $.25, the company grossed $25 there. The sale of the item is $2 plus $1 shipping, so the total gross for the company is $28, for a net gain of $17.
While you used 20 bids to win the item, which would've cost you $5. You get the item for a total of $8. Still a good deal for you. However, that leaves 80 bids ($20 dollars worth) that other people used and got nothing for. The company will never advertise that.
Just like anything, the company doing the selling WILL make money. In this case, some people will get great deals, and some will basically be donating to the company. It's almost like gambling. Some people like it, others don't.
Yep, good synopsis. It's basically a gambling site.
Originally Posted by nhclone