Possibly a good deal

Guff · 06-05-2011, 11:18 AM

I looked over our forum rules and I don't think this violates any of them, so here's what I found; a Springfield M1A Socom 16 on the guns4pennies website. Not sure if anyone is into the online auction thing, but looks like you could get it at a good price. Anyhow if anyone is interested here's the link http://www.guns4pennies.com/auctions...-SOCOM-16-1469 and if you do end up signing up please do mention that Guff refered you in the sign up process so I can get a few more free bids... a solid for a solid.

FatFugg · 06-05-2011, 11:46 AM

Quote:

Originally Posted by Guff

I looked over our forum rules and I don't think this violates any of them, so here's what I found; a Springfield M1A Socom 16 on the guns4pennies website. Not sure if anyone is into the online auction thing, but looks like you could get it at a good price. Anyhow if anyone is interested here's the link http://www.guns4pennies.com/auctions...-SOCOM-16-1469 and if you do end up signing up please do mention that Guff refered you in the sign up process so I can get a few more free bids... a solid for a solid.

I click your link & it goes to their site & says "not found"!

68shooter · 06-05-2011, 11:59 AM

That's a cool site. I signed up. Put guff as the referal too.

TheRedSkull · 06-05-2011, 12:36 PM

Quote:

Originally Posted by 68shooter

That's a cool site. I signed up. Put guff as the referal too.

be sure to let us know if it actually works...

Guff · 06-05-2011, 05:06 PM

I initially saw it (website) in the current Guns & Ammo, so I'm guessing it's legit.

reppinthe509 · 06-05-2011, 05:08 PM

hm..seems kinds sketchy. an XDM for 15 bucks?

reppinthe509 · 06-05-2011, 05:18 PM

nevermind, i got it

Guff · 06-05-2011, 05:34 PM

You won the auction?

Nutty4Guns · 06-05-2011, 05:42 PM

Quote:

Originally Posted by TheRedSkull

be sure to let us know if it actually works...

I am pretty sure it's legit and works, but how many 1.00 bids do you burn through and how much time sitting in front of the puter babysitting the auction is what I would like to know.

68shooter · 06-05-2011, 06:46 PM

Someone won a scar for less then forty bucks. Just don't play till the end I think that's what everyone else does.

reppinthe509 · 06-06-2011, 12:27 PM

yeah but everytime you up the bid at the last second it goes back to 30 seconds. idk i saw that go back and forth a lot. no i didnt win. i just didnt get how it worked.

68shooter · 06-06-2011, 01:00 PM

I was watching a springfield xdm go on for awhile. It was already up at I think 20 bucks. I'm going to try it on gear or something.

TheRedSkull · 06-06-2011, 01:05 PM

yeah, until someone from here posts a show and tell of a winning bid im not sold on it.

Booga · 06-06-2011, 08:03 PM

The way sites like that usually work is they charge you money to put in a bid. It usually goes a little something like this...

Starting bid: $0.01
Bid increment: $0.01
Charge to you to place a bid: $0.25

By the time the item is up to $1.00, people have paid in $25 in bid fees.
By the time the item is up to $10, people paid $250 in aggregate.

Your bet is that you'll be the last person in.
The seller's bet is that enough people will bid to make a profit off the bidding fees.
The site's bet... well the site doesn't bet. They scrape money right off the top from the transactions.

By the time the "auction" is over, people have usually paid well over the cost of the item, collectively speaking.

It CAN be an awesome deal, but you've gotta know your limits before you get into a bidding system like that. I'd call it more of a type of gambling than an auction.

I find the tag-line on the following image to be quite accurate for how this type of business plan works:

TheRedSkull · 06-07-2011, 02:22 PM

Quote:

Originally Posted by Booga

The way sites like that usually work is they charge you money to put in a bid. It usually goes a little something like this...

Starting bid: $0.01
Bid increment: $0.01
Charge to you to place a bid: $0.25

By the time the item is up to $1.00, people have paid in $25 in bid fees.
By the time the item is up to $10, people paid $250 in aggregate.

Your bet is that you'll be the last person in.
The seller's bet is that enough people will bid to make a profit off the bidding fees.
The site's bet... well the site doesn't bet. They scrape money right off the top from the transactions.

By the time the "auction" is over, people have usually paid well over the cost of the item, collectively speaking.

It CAN be an awesome deal, but you've gotta know your limits before you get into a bidding system like that. I'd call it more of a type of gambling than an auction.

I find the tag-line on the following image to be quite accurate for how this type of business plan works:

yeah thats kind of what i figured.

seems semi-pyramid scheme-like, i will pass...

instead i will keep trading online with people on forums...

06-05-2011, 11:18 AM	#1
Guff Rifleman Joined: Jan 2009 From: Bellevue Posts: 151	Possibly a good deal I looked over our forum rules and I don't think this violates any of them, so here's what I found; a Springfield M1A Socom 16 on the guns4pennies website. Not sure if anyone is into the online auction thing, but looks like you could get it at a good price. Anyhow if anyone is interested here's the link http://www.guns4pennies.com/auctions...-SOCOM-16-1469 and if you do end up signing up please do mention that Guff refered you in the sign up process so I can get a few more free bids... a solid for a solid.

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06-05-2011, 11:59 AM	#3
68shooter Gunslinger Joined: May 2011 From: Tacoma Posts: 63	That's a cool site. I signed up. Put guff as the referal too.

06-05-2011, 05:06 PM	#5
Guff Rifleman Joined: Jan 2009 From: Bellevue Posts: 151	I initially saw it (website) in the current Guns & Ammo, so I'm guessing it's legit.

06-05-2011, 05:08 PM	#6
reppinthe509 Marksman Joined: Jul 2009 From: Spokane Posts: 423	hm..seems kinds sketchy. an XDM for 15 bucks?

06-05-2011, 05:18 PM	#7
reppinthe509 Marksman Joined: Jul 2009 From: Spokane Posts: 423	nevermind, i got it

06-05-2011, 05:34 PM	#8
Guff Rifleman Joined: Jan 2009 From: Bellevue Posts: 151	You won the auction?

06-05-2011, 06:46 PM	#10
68shooter Gunslinger Joined: May 2011 From: Tacoma Posts: 63	Someone won a scar for less then forty bucks. Just don't play till the end I think that's what everyone else does.

06-06-2011, 12:27 PM	#11
reppinthe509 Marksman Joined: Jul 2009 From: Spokane Posts: 423	yeah but everytime you up the bid at the last second it goes back to 30 seconds. idk i saw that go back and forth a lot. no i didnt win. i just didnt get how it worked.

06-06-2011, 01:00 PM	#12
68shooter Gunslinger Joined: May 2011 From: Tacoma Posts: 63	I was watching a springfield xdm go on for awhile. It was already up at I think 20 bucks. I'm going to try it on gear or something.

06-06-2011, 01:05 PM	#13
TheRedSkull Rifleman Joined: Apr 2011 From: Corvallis, OR Posts: 204	yeah, until someone from here posts a show and tell of a winning bid im not sold on it.

06-06-2011, 08:03 PM	#14
Booga Rifleman Joined: Aug 2009 From: WA Posts: 120	The way sites like that usually work is they charge you money to put in a bid. It usually goes a little something like this... Starting bid: $0.01 Bid increment: $0.01 Charge to you to place a bid: $0.25 By the time the item is up to $1.00, people have paid in $25 in bid fees. By the time the item is up to $10, people paid $250 in aggregate. Your bet is that you'll be the last person in. The seller's bet is that enough people will bid to make a profit off the bidding fees. The site's bet... well the site doesn't bet. They scrape money right off the top from the transactions. By the time the "auction" is over, people have usually paid well over the cost of the item, collectively speaking. It CAN be an awesome deal, but you've gotta know your limits before you get into a bidding system like that. I'd call it more of a type of gambling than an auction. I find the tag-line on the following image to be quite accurate for how this type of business plan works: