Penny Purses: Why Not a Swoopo for Handbags?

The American Penny Auction Boom has been bearing increasingly exciting and original fruit - for example a Penny Purses for Handbags:

There its interesting to note that they have recognized the innovative prowess of Rabattschlacht / SevenSnap which they publicly commend:

"Not so with SevenSnap, a truly innovative take on entertainment shopping. SevenSnap is an iPhone app (with plans to produce a web-based version later) where users purchase time credits and then use those credits to enter a virtual room with a featured product, such as a MacBook Pro, and other bidders.

The price of the item starts falling as soon as someone enters the room (starting at retail) and the speed of decline depends on the number of people in the room - as fast as $100 a minute if the room has many users. The first person to buy gets the item at that price and then the price resets for everyone else in the room."

Maybe dynamic price models will finally get a long overdue overhaul and fresh impulse (“Luupo and Successors: Cooni, McEuro, xgewinnt and Others”).

In Germany there is also some development on the next generation of the dynamic price model. And the most exciting advancements will hopefully be introduced at the Exciting Commerce hosted Live Shopping Days conference.

Update: For the US Market, check out Penny Auction traffic (via).

Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.

Comments

[jess]

Scam artists....can't believe they actually made a site happen.

Move on, do not buy. Not AT ALL reputable.

[snowyjo]

scam scam they have bot bidders

[Sam]

Many have bot bidders and a few don't. Check out www.pennyautcionwatch.com to see what the penny community says about them. Pennypurses.com has a high rep.

[Dawn Dunlevy]

Do not use Penny Purses website, I have the very same bid time on a purse and they said the other person won. Seems like the same people win each week, something is not right. Will be interested in what they write back since I notified them that two people having the same bid time and they select the other person's bid as a winner?

[Traci Eskildsen]

Hi all,
I am the owner of dime-divas.com. We offer authentic brand new designer accessories, including handbags, wallets, watches, jewelry, and other fabulous glam penny auction style. I assure you we are 100% legitimate, transparent, and authentic. All items are in stock; we ship w/in 2 business days! And, users earn rewards points (GlamBucks) toward spafinder.com gift certificates, so everyone is a winner at Dime Divas! Give us a try...Use code WOOT for 10% off bids! Follow us on twitter (dimedivasglam) for another discount code!
Glam On!
Traci

[Traci Eskildsen]

I neglected to mention the most important thing...NO BOTS, I PROMISE!

[Penny Auction]

Many Penny Auctions sites out there are failing. Whether it's poor planning, lack of tech skills to run an

efficient site, or all the above, the rate in which old ones die and new ones start is staggering. It is a good idea to research these sites and see which

ones have been up the longest. A good way to find out if the penny auctions are good are to contact the customer service and see how fast you get a reply. If

it's within a few hours you're probably on your way to finding a great penny auction site!

Regards,
Cathy Saar
www.PennyAuctionSite.com
Penny Auction

[reviewer]

really sites do that? I only use ebay and amazon, do they do this too?? What a shame, I review products and perhaps I should review penny purses
http://productreviewsby.me

[Dave]

Make sure you find a site you are comfortable with and watch the auctions before you participate and contact the site if you have any questions. You can check out http://www.BOOMbidz.com

[Jake Lopez]

I always wait till the last seconds to put in my bid. If I want an item that is up for $5 and maybe I'm willing to pay $10 for it, but I don't REALLY want it....I'll wait. If no one has bid on it and there are 30 secs left, I'll throw in my bid for $5. If I get it cool. If someone out bids me, fine, I didn't really want it that bad enough to put my max bid at $10 anyway.

[Nitrobids]

I think that swoopo can be a little bit of a scam sometimes...I'm pretty sure that they might be using automated bidding systems but i don't know for sure. What kind of problems have you had with them?

[Bidsauce]

Thanks for the post! Penny auctions are very interesting, a lot of people think they are a scam, but in reality they are just another game similar to gambling.

[Penny Auction Reviews]

Penny auctions are great, but be careful before joining just anyone of them.

[Victor]

I think the most important thing about participating in penny auction is that you understand how the sites operate. It is explained clearly in our review why some sites do not have to be scams to run penny auctions. Observe and use your common sense.

[penny auction]

for example, iPad being sold for $40 meaning the auction site pockets a whopping $4000 for a $600 items. With the huge profit, they want to keep their business legit so they can keep rolling obviously.