Perfecting a program that offers great products for auction for millions of people around the internet world, is exactly what Quidbids has done. This site is simply a prime location that hosts auctions for high end electronic, home and garden, apparel and jewelry items and they happen to make enormous amounts of money while doing so. Is Quidbids a scam? No! In fact, it’s far from it.
There is a lot of controversy behind the concept of penny auction sites such as Quidbids. The truth is, while there are many scams out there, Quidbids is clearly one of the safest and most trusted sites of its kind. The genius concept behind the penny auction structure is that each participant actually has to pay for their bids. Keep in mind that each bid increases the cost of the item by one cent (penny). Therefore, each cent that goes toward an item generates money for the site. This is epic!
There is a lot of speculation into the practicality of penny auctions. What seems to be a missed point is that while everyone walks into the auction as a participant in hopes of gaining the product through bidding, not everyone can possibly place the winning bid. The act itself is quite common though a bit more contemporary because it’s held online and not in a room with numbers being raised by hand to indicate ones desire to bid. The end result is that Quidbids is a fee bid based auction and they will definitely make money during each auction. In addition, the individual that places the winning bid will also get the item that they strategically bid on and they in turn are definite winners.
There is an added feature that gives the other participants who didn’t win and opportunity to gain as well. This is the “Buy Now” option that remains active for up to two hours following the bid’s closing. This presents an opportunity for the bidder to gain as well by using their bids towards the retail price of the item and purchasing it outright. This is a definite advantage that sets Quidbids apart from others and makes it clearly legitimate.
Many people often compare the bidding process to gambling and in some ways it may feel like that to some. However, the risks taken are clearly revealed and you’re actually given the opportunity to purchase your item at the close of bidding. This is clearly a retail setting with calculated risks that offer everyone an advantage. Therefore, there’s a level of safety here that isn’t usually a product of scams. Quidbids is full of opportunities for the members that are taking part in the auction.
The fact that the site is offering such high range products at ridiculously low prices is what makes it so hard to believe. People are inclined to believe that there is no way to do this without there being some sort of hidden agenda or foul play on the part of Quidbids. This goes back to the old homage, “If it sounds too good to be true, it usually is”. In this case, it sounds great and the results are actually true. What makes it solid is that the bids are actually determined by the members. This puts them in greater control than the site.
To add a bit of spice to the challenge, almost everyone is using the Bid-Ninja software to increase their chances. This is an option that seems to work to the advantage of the bidders. Now if it were a scam, plug-ins such as this one surely wouldn’t be allowed to the party. It’s pretty obvious that bidders are having a blast and gaining top dollar merchandise for a fraction of the cost. Quidbids is being rewarded attractively and if you choose to Buy Now, you have that option. What many thought a scam, is clearly just a wonderful opportunity!