Hey. Follow us and stuff.

Look how social we are.



2/28/13 9:04pm

So I was bored at home today and I saw a Quibiz commercial, I got to thinking about how cheap stuff sells for on that website.  So the amount starts at 0 and goes up a penny for every bid.  Every bid get charged $.60 for that bid.   Think how much money the webiste makes.  Canon EOS Rebel T3i 18.0-megapixel DSLR sells at best buy for 699.99 and sold for about $30.  What a deal.  Now that website got 3,000 bids on that camera, and they make $.60 per bid, so that ended up making $1800 off a $700 camera.  Lets say there are 1 million bids a day on Quibiz.  So every day the website makes $600,000 a day.  That is insane.   Even if they are buying stuff at retail value they can still make a crazy profit.  They even sell free bids that will go for more than the $.60 per bid for the X many bids.   The inventor of this website is a genius.  He is on his private island laughing at all the money he is making.  

» Source: http://www.quibids.com/en/
» Tagged In: #genius, #Quibiz

More wicked cool stories and video from around the web. Got tips for us? Tips@ScrewAttack.com

g1 Discussions

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ScrewAttack's media platforms.

ScrewAttack Classics

Eddie Lebron's...

Made popular in 2009


Made popular in 2006

Sonic CD & Shaving He...

Made popular in 2011

ScrewAttack's Hallow...

Made popular in 2012

Clip of the Week - Japane...

Made popular in 2011