Penny auction 生意, 为何都能一本万利?

batman

最近看到一个网站 www.wavee.com .不知到有没有人能解识它老板是怎样月入过亿的. 考考你们.
注意: 请勿在這种类网站登记或bid, 非常危险.

Warning, do not bid on any of these kind of website without fully understand how it works. You can lose a lot of money in a very short time.

Very interesting. Every bid placed, the item price increases by 1 cent, and  the house gets 75 cents. I just noticed a $25 gift card had over 100 bids and still going. The house is already getting over $75 for it.
Who is behind this brilliant game? A Chinese or Jew?

batman

不知到.

Chinese.

http://www.youtube.com/watch?v=XG_905WqWW8

Please type Chinese if you can.

You have made some good initial observations, but there are at least two important things that he has created to make all the difference.

Look closer, You haven't found the best part yet. He has made a few small inventions that sets itself apart from the rest of the Penny Auction sites, and has guaranteed him lots of bidders in each auction, and earn their money without risk of them getting the money back despite his promise that bidders can spent their bidding cost back on the purchase.

Compare with www.biggerbidder.net, www.beezid.com, www.dealdash.com, www.quibids.com .

Now I noticed that it was indeed a scam. I don't comment on scams because there are too many of them. You can never find the worst one.

I didn't get. How it works. In the youtube interview, the owner said you have nothing to lose if you not win.

He is lying.

Its essentially one man pyramid scheme.  In this case, instead the head conspirator has people work under him, they compete and contribute into the principle pot; where only 1 man profit whether its the owner or the corporation.  Here is how it works.  For $100 worth of product, wavee will make $7500.00 minus the cost of that item.  I saw through this when the site was just getting known a while ago.  Also there is absolutely no guarantee the final winner is an actual person whom is outside of wavee.com.