mooby
05-31-2010, 11:29 AM
It's a website where people bid on hot products, it's similar to ebay in that items are bidded on and the person with the winning bid gets the item. But on Bigdeal.com they don't have that automatic bid option, so you gotta be willing to stay and keep bidding if you really want to win whatever item you're bidding on.
The main theme about the site is that if you win a bid, you can save as much as 98% off the retail price. Case in point, I was on there last night and there was a 32 inch Toshiba flat screen on there, retail price about 560 bucks, and some dude got it for 2 bucks, no joke. I couldn't believe it.
So the way it goes is like this. Each product has a countdown timer, which could start from like 1 day, 6 hours, 12 min., (just an example), and the winning bid when the clock ends is the one who gets the product. And many of the products, when you put a bid on it, it only ups the price by 1 cent, or in some cases like a Blu-Ray dvd, it goes up by 15 cents. Everytime you place a bid it adds 30 seconds to the clock, so in order to win you'll have to keep bidding until nobody else places a bid.
This is the catch though, you have to buy bid tokens to place a bid. And this is how BigDeal.com makes their money, is how they sell bid tokens. 30 bid tokens costs 22.50. They offer bigger token deals but obviously they cost out the yingyang. I bought 30 bid tokens last night and started bidding but I didn't win anything and used all 30. In hindsight I should've used those 30 to bid on like a 100 bid tokens package (some of the items are token packages so you don't have to pay full price for those if you win the auction) but I didn't.
So basically you can save an assload of money on brand new products no less, but it's a big gamble because of the bid tokens. And you're gonna have to buy a tokens package when you first sign up because there's no other way to get them. But on the bright side you could get a 32 inch flat screen for 2 bucks (plus 40 s&h) which is still a great deal any way you look at it. And they also let you use the money you've spent to buy tokens toward products if you want to buy it at full retail price so it's not like you totally waste your money if you don't win anything.
But basically I just want to know what you guys think about this. Too risky? Or if you invest enough coin into it, something that'd be worth it?
The main theme about the site is that if you win a bid, you can save as much as 98% off the retail price. Case in point, I was on there last night and there was a 32 inch Toshiba flat screen on there, retail price about 560 bucks, and some dude got it for 2 bucks, no joke. I couldn't believe it.
So the way it goes is like this. Each product has a countdown timer, which could start from like 1 day, 6 hours, 12 min., (just an example), and the winning bid when the clock ends is the one who gets the product. And many of the products, when you put a bid on it, it only ups the price by 1 cent, or in some cases like a Blu-Ray dvd, it goes up by 15 cents. Everytime you place a bid it adds 30 seconds to the clock, so in order to win you'll have to keep bidding until nobody else places a bid.
This is the catch though, you have to buy bid tokens to place a bid. And this is how BigDeal.com makes their money, is how they sell bid tokens. 30 bid tokens costs 22.50. They offer bigger token deals but obviously they cost out the yingyang. I bought 30 bid tokens last night and started bidding but I didn't win anything and used all 30. In hindsight I should've used those 30 to bid on like a 100 bid tokens package (some of the items are token packages so you don't have to pay full price for those if you win the auction) but I didn't.
So basically you can save an assload of money on brand new products no less, but it's a big gamble because of the bid tokens. And you're gonna have to buy a tokens package when you first sign up because there's no other way to get them. But on the bright side you could get a 32 inch flat screen for 2 bucks (plus 40 s&h) which is still a great deal any way you look at it. And they also let you use the money you've spent to buy tokens toward products if you want to buy it at full retail price so it's not like you totally waste your money if you don't win anything.
But basically I just want to know what you guys think about this. Too risky? Or if you invest enough coin into it, something that'd be worth it?