beezid.com won't stay in business.

[tubby_mcgee 701]

Random Beezid.com thoughts.

 

 

It will run it's course...and fizzle. Not a business model that will work long term. You can't really get $1000 items for 40 cents. Unless you charge a fee to bid and get lots to pay that fee.

 

Summary: People will get sick and tired (or broke) of paying money to sit and wait and to have a chance at buying a $1000 item for 99% off. People that buy into the theory that beezid is a good business model, remind me of those that thought gasoline could be gotten for free through an MLM company.

 

Summary#2: You can't sell $1000 items ($600 wholesale), for pennies on the dollar for very long. Something's gotta give.

 

Now, that being said, any of you dumbasses try that shiot?

[Saint Elistan 106]

No. It's a good idea to avoid any product that Mike&Mike promotes.

[tubby_mcgee 701]

The more I think about it, Beezid is sort of the like the lottery. Except beezid founders aren't licensed to conduct a lottery.

 

Or wait. Maybe it's more like a raffle.

[IMMensaMind 462]

The more I think about it, Beezid is sort of the like the lottery. Except beezid founders aren't licensed to conduct a lottery.

 

Or wait. Maybe it's more like a raffle.

 

This is exactly what it is - and I believe that it is here to stay. I also think it's plausible that someone could come up with an algorithmn to kick its ass at some point (something similar to, but much more advanced that bidsniper).

[WhiteWonder 2,767]

 

Summary#2: You can't sell $1000 items ($600 wholesale), for pennies on the dollar for very long. Something's gotta give.

 

 

ofcourse they can.

 

each customer is paying for an amount of bids. Most of beezids money comes from the purchased bid packs which im guessing more than makes up for the difference in the discounts they are offering on the products.

 

so lets say you buy 30 bids at 60 cents each. You spent 18 dollars for the right to bid 30 times on various items. So lets pretend you use all 30 bids to win an item. Your winning bid is 50 dollars and the item is worth 100. You end up spending 50 dollars plus the 18 you spent for your bids. Thats 68 for you which represents a 32 dollar savings. But you also have to factor in how many other people bid and how much they spent on those bids. If a couple other people used 20-30 bids, beezid easily makes up the rest of the cost for the item you won.

[tubby_mcgee 701]

ofcourse they can.

 

each customer is paying for an amount of bids. Most of beezids money comes from the purchased bid packs which im guessing more than makes up for the difference in the discounts they are offering on the products.

 

so lets say you buy 30 bids at 60 cents each. You spent 18 dollars for the right to bid 30 times on various items. So lets pretend you use all 30 bids to win an item. Your winning bid is 50 dollars and the item is worth 100. You end up spending 50 dollars plus the 18 you spent for your bids. Thats 68 for you which represents a 32 dollar savings. But you also have to factor in how many other people bid and how much they spent on those bids. If a couple other people used 20-30 bids, beezid easily makes up the rest of the cost for the item you won.

 

 

I already said that....

 

 

You can't really get $1000 items for 40 cents. Unless you charge a fee to bid and get lots to pay that fee.

 

[WhiteWonder 2,767]

I already said that....

 

i know but it didnt sound like you were sure if that is what they did or not.

 

and i had quoted a completely different sentence of yours. where you said they couldn't continue to do it for very long.