has anybody used this site before and is there some sort of catch to it? also how are the firearms so cheap?
That's who we've been talking about for the past 4-5 days; guess I should have pm'd you to clue ya in on that earlier. There was a OTA thread, but since they're sponsors, it's a bit more discrete to discuss it here.There is a new one OnTarget Auctions. I just noticed them pop up on here as well.
Same exact thing as guns 4 pennies.
I don't doubt the deal, so long as the high bidder didn't spend a ton of bids. Profits on items from these sites often are many times over retail, even with the high bidder only paying a few bucks. Yes, the losing bidders are the ones that are big time losers that create all that profit.I see no advantage to this for the bidder, and I seriously doubt the bargains they claim people are getting. It doesn't matter where an auction starts out but where it ends up. Other bidders simply wont allow you to steal an item. Plus the losers have paid a premium just to participate.
Yeah, that clock 'reset' is a real gem ain't it?Also, get this - YOU CAN BID YOURSELF UP !! WTH IS THAT???? SCAM, that's what that is!! I used my free bids just to see and sure as stink, you can UP bid yourself !!! They also didn't mention anything in the "rules" about the 30 sec re-occuring timer once a bid is placed. They may have since added that in, but it was not in the disclosures previously. The timer is bs along with the entire penny auction network of scammers.
Depending on free bids, it depends on how many bids they actually purchased and placed. You can win one of these auctions with just one bid, but it's very very rare. It usually comes down to outlasting the opposing bidders.The current auction has ended. See results here:
http://ontargetauctions.com/complete_history.php?id=1087
Looks like the auto-bidder works quite well.
50 bids went for 156 bucks. The top two spent $85 for a 50 dollar item.
And then the claim for the winner:
Savings
+ Retail Value:
$50.00
- Current Bid:
$1.56
- Bid Credits Used x $0.65
$0.00
- Taxes & Shipping Fees:
$4.50
Savings Total:
88% or $43.94
So the winner really spent 65 bucks, plus S&H for a 50 dollar item.
How on earth does 65 bucks for a 50 dollar item create a net savings of $43.94?
Dayum! People be stoopid!
the "winner" put in 49 bids, so if he bought them as cheap as possible which is .65 ea, then that = $31.85 + the bid amount of $1.56 to shipping/taxes of $4.50 equals a total of $37.91 for 50 bids.The current auction has ended. See results here:
http://ontargetauctions.com/complete_history.php?id=1087
Looks like the auto-bidder works quite well.
50 bids went for 156 bucks. The top two spent $85 for a 50 dollar item.
And then the claim for the winner:
Savings
+ Retail Value:
$50.00
- Current Bid:
$1.56
- Bid Credits Used x $0.65
$0.00
- Taxes & Shipping Fees:
$4.50
Savings Total:
88% or $43.94
So the winner really spent 65 bucks, plus S&H for a 50 dollar item.
How on earth does 65 bucks for a 50 dollar item create a net savings of $43.94?
Dayum! People be stoopid!
If ya look at the bid history, the 30 second reset is quite aparent. The loser simple ran out of bids, and the winner spent way more than he needed to.Depending on free bids, it depends on how many bids they actually purchased and placed. You can win one of these auctions with just one bid, but it's very very rare. It usually comes down to outlasting the opposing bidders.
BTW - doing a little digging on the auction now. will bb in a few.
.
I had put the bid list into an excel file so that I could sort them easily, well it was my oversight, but the actual winning bidder only put in 30 bids, so the idiot that put in 49........ he actually LOST $31.85!!!!the "winner" put in 49 bids, so if he bought them as cheap as possible which is .65 ea, then that = $31.85 + the bid amount of $1.56 to shipping/taxes of $4.50 equals a total of $37.91 for 50 bids.
So this means he bought these 50 bids for $0.76 each!!!! Proof that people are IDIOTS !! and who would spend a $1000 to buy bids which don't guarantee you ANYTHING at all........
at this point, I'm going to just roll with Tango and say the heck with it, throw my hands in the air and just let the idiots that want to get sucked into those sites meet their financial demise.
and just think of the profits on this one, it's not like anyone had to "make" the bids or that there's any overhead in producing bid packs, it's the equivalent of our gov't printing new money.... hell, we'll just make more!!
at 156 bids, they're looking at a min profit of around $100+ off this auction........ Damn, if only I had no moral backbone to take advantage of morons.......
You're not "marketing" guns for 200% profits are ya? I've had no reason to question your ethics, morals or integrity. I'm look forward to reading your posts and gaining more insight from your background and informative posts. I don't see your name being lumped into the penny auction business in the least.This is all very unfortunate. I am not sure I want to continue as a Forum Sponsor and be lumped in with this....