Posted on February 28, 2013 - 8:04pm by King Chadwick

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/
» Comments: 0

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