Penny Auction Soft Script Company for Sale, Made Big Bucks

penny auction softPerhaps you’re already running a penny auction business, or are a prospective owner, and at one point came across reviews posted in the Penny Auction Watch forum and elsewhere about script developer Penny Auction Soft.

Now the entire PennyAuctionSoft.com company is for sale with a buy it now price of just $50,000.

Here’s what may come to a surprise to you, PennyAuctionSoft claims to have made a profit of $266,375.68 in as little as 17 months!

From the penny auction script’s Flippa advertisement:

“There Were 249 Completed Orders ($266,375.68 Revenue) from 7th Mar 2010 to 25th Aug 2011

This software generally sells for $1299.99 for the Professional Version and $899.99 for the standard.

We have reduced the price recently in order to make more sales and this has been a successful strategy as we are reaching more

clients at $599.99 and $399.99 with a wide assortment of templates which go for $500.00 each.”

We and others have thought that PennyAuctionSoft was allegedly related to a “penny auction verification” group that goes by the name of PAMA, “Penny Auction Merchant’s Association,” who by the way,

not only copied text/categories and sections in our forum, they’ve slammed us and tried to discredit me on their site.

Over a year ago I posted here about how one forum member that went by the user name “BuyBidz” shared IP addresses with PennyAuctionSoft yet claimed that they were only using their WiFi connection while in their office. Read PennyAuctionSoft Possibly Forum Member Posing as Customer.

penny auction soft

Penny Auction Soft advertises their script with fake bot autobidders, but claims they are for testing purposes:

” Our script has admin autobidders for diagnostic use. You may request a non Admin autobidder version which does not have this feature to comply with PAMA regulations.”

What do you think? Have you purchased a penny auction site script from Penny Auction Soft? Discuss this now for free in our forum!

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1 comment… add one
  • Tara September 27, 2011, 7:39 pm

    I would really appreciate any informtation that could be provided, regarding legit penny auction software. I have done a great deal of research, and have yet to find anyone who is reputable.

    Reply

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