Coding Horror: Profitable Until Deemed Illegal
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URL Tag Cloud
- psychology
- , SU
- , nasty
- , auctions
- , 2research
- , evil
- , coding_horror
- , auction
- , hello-oblivion
- , dumb-world
- , startup
- , swoopo
- , Tags
- , bid
- , swoop
- , StumbleUpon
Bookmark History
Public Sticky notes
r if you use the sit
Highlighted by abditus
I was fascinated to discover the auction hybrid site swoopo.com (previously known as telebid.com). It's a strange combination of eBay, woot, and slot machine. Here's how it works:
- You purchase bids in pre-packaged blocks of at least 30. Each bid costs you 75 cents, with no volume discount.
- Each bid raises the purchase price by 15 cents and increases the auction time by 15 seconds.
- Once the auction ends, you pay the final price.
I just watched an 8GB Apple iPod Touch sell on swoopo for $187.65. The final price means a total of 1,251 bids were placed for this item, costing bidders a grand total of $938.25.
Highlighted by wizzylolly
r if you use the sit
Highlighted by abditus
Highlighted by joel
Public Comment