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Do wholesale sites really work?

Do thoes auction sites really work?

  • I have seen a ad on tv for a site called bezid.com and i have also seen some other auction sites on the web. Do these sites scam? Is it really real? whats up with the realllly low prices?

  • Answer:

    Some of them work, some are shady, and some are outright frauds, so you have to be careful. You should realize that to sell a $500 item for $10, they have to accumulate 1,000 bids, each of which costs the bidder about 70 cents. They are merchants, so the $500 product cost them about $300 and they collected $700 from bidders. The problem is that they can't afford to have the auction end after only a couple hundred bids, so they keep it going by having fake bidders bidding against you. That's why these auctions last for days. A better alternative is the Kyrano auction, in which the price starts below list and goes down with every bid. They can't bid against you because it would be detrimental to them. You bid on discounts for products, ranging up to 90 percent, and when you win, you buy the product from any merchant of your choice. You can also bid on discounts on your credit card balance, student loan, installment debt, and other financial obligations. And for all financial auctions, if you don't win, you get your bidding tokens back for use in any other auction they offer.

Ethan at Yahoo! Answers Visit the source

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The problem is that every time you bid on those sites, the time increases by 10 seconds, so an auction could, quite literally, go on forever.

Matt Sieberg

yes it works iv gotten quit alot things off there for gifts if i didnt have alot to spend that month or time of year

Kat

They have hidden large start up fees watch your credit card. Read the fine print as long as you pay you can play or bid it costs for each bid.

yahoo user

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