beezid.com

• j_crazy

  

  I'm driving home from NOLA today and I hear an add for beezid.com where you can get things dirt cheap. I went over there and they have a 40" LED that sold for $30.35
  
  Anyone familiar enough to know the catch here?
  
  Here's a list of all the closed auctions where you can see the sales prices for things.
• Society

  You have to pay money for each bid.
• j_crazy

  

  That's the only catch? so the TV isn't like a build your own, or a refurb or anything like that?
• said_aouita

  

  That is wild! Ipods selling for a quarter? Computer speakers selling for less then a can of soda?
  
  What da..........?
• balk14

  heres how it works:
  
  you gotta pay for your bids...say 50 bids for $75 bucks...and you can use these bids against any item up for bid on the site...each time somebody bids it raises the price of the item by a penny
  
  bidding on an item also resets the "tick time," which is a countdown from a predetermined amount of time to 0...if you are the winning bid when the clock hits 0 you win the item
  
  these sites are basically a scam, as your odds of winning are extremely slim...the only good thing is that new variations are coming out every day - so if you can find a relatively new site with a low volume of traffic, you might be able to snag something
  
  also be carfeful as a lot of these sites have bots that go around and randomly bid on items to jack the price up (think about it...if an item sells for $40, the company gets roughly $1 for every cent of that $40 - not to mention the other money spent on a bid pack not used on that item)\
  
  one of the first sites that most people base their own off of is bidstick.com...i tried it out on that site and wasted $20 bucks...people from all over the world can bid on most of these sites so there is really no "down time"
• said_aouita

  

  Thanks, balk14.
  
  I'll stick to woot.com
• balk14

  ^ good idea