Friday, September 5, 2014

How 1 cent Auctions are a rip off

I can not believe all the people that sign up for the sites that do a auctions by pennies I know it might sound fun and look fun, but do people realize how much they are making of these products it blows my mind. The people who thought of this are geniuses and I can not believe it. See think about it if there is an iPad that goes for a 100 dollars just using a even number. Everyone thinks that is a steal, but think about it that is 1000 penny bids. If you buy a 1000 bids it cost you 550 dollars and then you still have to pay the price of the product so for a 350 dollar product they are making 650 dollars. I don't understand how people can not see this it is crazy. I am not saying you can not get lucky and jump in at the right time, but remember these companies are out there to make money not just give people things for free. I know all there catchy phrases and great pricing they sell for just suck people in. I just wish there was a way to get this information out there and let people know.

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