What Exactly Are Entertainment Shopping Auctions?
In the last 5 months we have seen a new phrase coined, and that is “Entertainment Shopping.” So what does this new phrase mean, and why it is getting criticized left and right from people who claim it is immoral? Is it immoral, and if so why?
Entertainment Shopping is a new type of online auction which operates differently then most auctions do. Unlike auctions like eBay, Silk Flowers these new auction sites charge people for each and every bid they place. Depending on the auction site itself, these charges usually range from 20 cents to $1 per bid. Because of this, the items tend to sell for fractions of their retail values. In fact, just a few days ago I saw a $3000 65 inch flat panel LCD TV end with a final price of just $130. The crazy thing is though that the auction site walked away with over $13,000 from this item. A $10,000 profit. Why? Because the bid increment was at 1 cent. This means that 13,000 bids were placed, costing bidders (both the winner, and the loser) $1 a piece per bid placed. To the person who walked away with the $3000 TV, this was likely the deal of their life, but to the other bidders who may have spent hundreds of dollars trying to win the auction before they had to quit bidding ended up with nothing.
Although this is a risky way to bid on products I personally don’t see a moral, or legal issue here. If the bidders are aware how the auction works, and willingly purchase their bids, than what’s the big deal? More and more sites like this are popping up, and why not, with profit margins like they have? It should be very interesting to see just how the competition between all these Entertainment shopping sites pay off for the bidders.
Along with these sites popping up, so too are strategy guides giving away tips and tricks on how to win these auctions at minimal costs. Things like Price, number of bidders involved, and past auction closing prices all factor into these strategic formulas people are trying to sell. In my opinion these strategy guides are largely a bunch of junk, however some may have valuable information. Most bidders with a good command of math can probably figure out the odds of winning, and when to quit bidding on a given auction. I recommend taking advantage of the free bids most of these Entertainment shopping sites give new members for signing u
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Suction cups in different sizes and designs are used for a variety of applications at homes, offices and in cars. Also known as vacuum cups, these items are useful in sticking different types of objects to various surfaces. Homeowners find their applications for the purpose of decoration and also for the practical uses.
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