Start a Penny Auction,
Work At Home,
Make Unlimited Income!
Maybe you found this article because you’ve recently stumbled upon Swoopo, BidRay, BidCactus, BidFire, BidRodeo, Beezid or the like, you’re in awe of the pay-per-bid, penny auction concept. You watch the auction timers tick down and back up again (10,9,8,7….20..3.2..19…) for hours, hundreds (even thousands) of bids at $0.40-$1.00 a click are placed right before your wide-eyes, then you think, “Ah-ha!, Why hadn’t I thought of this! If only I owned Swoopo, I’d be rich!” Of course, this is before you found out that there are dozens of Swoopo Clone scripts being sold for as little (and less) than $7.85.
This $7.85 Swoopo Clone script was for sale on eBay back in August of last year:
According to the description, this under eight-dollar script is a “powerful, scalable & fully-featured application that lets you create the ultimate profitable online penny auction website, just like TeleBid, Swoopo & Madbid. And they didn’t forget to add the effulgent dubious claim that the proud owner of this under eight-dollar software will allow you to MAKE AN UNLIMITED INCOME!”
“Without any qualification or exception; unconditional.“
Little did you know the script you are interested in may just be pirated software (warez) and infringing on copyrights.
Apparently the old adage still applies here, if it looks too good to be true, it probably is too good to be true.
There are tons of people who want to “stick it to the man,” everyone wants financial freedom, some want it with as little to no effort as possible. Ok, who likes to work anyway? :-p
The real problem here is when people don’t even care if they rob the working man in the process
With the growing popularity of penny auctions you can bet there’s going to be a lot of bidders and observers who want to get in on the action. Not only as bidders, but as penny auction site owners. They see how much money people are spending bidding and see the possibility for an easy online business, they’re sure that the site owners must just rolling in the PayPal dough.
It seems as if there’s a new thread started on our forum each day from people eager to learn how to start their own penny auction.
We receive questions ranging from types of items that should be offered to technical requirements, scripts, incorporating and marketing costs.
Most everyone thinks that starting a penny auction site is an easy feat, but the truth is it’s really harder than most people think.
Over the next few posts (or as many as it takes) Penny Auction Watch will attempt to dispel penny auction startup myths, as well as discuss the various penny auction scripts on the market today and why some of them shouldn’t be for sale at all.
No, I’m am not a penny auction site owner out to hopelessly bash your dreams of starting your very own online penny auction business. I have, however, met dozens of them over the past year and believe me, it’s not as easy of a business to get into as you would like to think.
In closing, I’ll leave you with our list of dead penny auction sites (R.I.P.– some, we couldn’t be happier to see them gone), it’s growing by the day.
- CentMonkey.com (Good, there’s enough monkey business already in this industry!)
- CheapOBids.com (If it wasn’t for them PennyAuctionWatch.com wouldn’t be here today!)
- HungryHammer.com The “Porsche of Penny Auctions” (They told us that their website alone cost over £150,000 (that’s $241,575).
- ReetBid.com (In our opinion, they had bot bidders, the owner may have gone on to create a penny auction guide site)
- TheAuctionSquirrel.com Merged with BidMyDreams.com
And to think that this list is only just a glimpse of the penny auction sites that have come and gone over the last few months…
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