scott beeland Posted December 31, 2010 Posted December 31, 2010 Just registerd with MadBid. Could do with a couple of new TV's for the new house.... Anyone had any success with mad bid, without spending a fortune buying bids? Quote
Matt Seabrook Posted December 31, 2010 Posted December 31, 2010 I think you would have to be very lucky mate Quote
Blatman Posted December 31, 2010 Posted December 31, 2010 Looked at it a few times. You have to *really* want something and have to be prepared to spend hours following the auction you're interested in. As a way to secure a bargain, it may work if you have the time and patience to see it through. As a business idea, I wish I'd thought of it... Quote
Bananaman Posted December 31, 2010 Posted December 31, 2010 Get down to Tescos, they were selling Sony Bravia 32" TV's today @ £299 Quote
Nick Algar - Competition Secretary Posted December 31, 2010 Posted December 31, 2010 You'll have to let us know how you get on Scott. There has got to be a catch, and it's something to do with the cost of bids. But can't obviously see it, So can someone explain Quote
scott beeland Posted December 31, 2010 Author Posted December 31, 2010 Get down to Tescos, they were selling Sony Bravia 32" TV's today @ £299 Haven't got £299....Hence looking at MadBdid Quote
Matt Seabrook Posted December 31, 2010 Posted December 31, 2010 Be warned Scot the ones that seem to win these items with only a few bids seem to be pros at it. They make a living at it. I looked at another similar site for some time watching what was going on and it seemed to me that there was a lot of people bidding daft amounts as once they got in to an auction with £50 worth of bids they kept going because they did not want to waist the money already spent. Quote
Blatman Posted December 31, 2010 Posted December 31, 2010 You'll have to let us know how you get on Scott. There has got to be a catch, and it's something to do with the cost of bids. But can't obviously see it, So can someone explain Buying the most popular bid package means that your bids are costing you around 25-30p each. When you bid, you raise the auction price by 1p and reset the end of auction timer. Auctions can be either 1 minute, 45 seconds 30 seconds or 20 seconds... I think... So, based on an average bid price of 25p, and bid increments of 1p per bid, the Audi A3 they were selling that had reached just over 1200 quid means Madbid made 120,000 (bids at 1p) x 25p (cost per bid) = £30,000. So they made a little over 12 grand on the Audi. Like I say, I wish I'd though of it... Quote
Nick Algar - Competition Secretary Posted December 31, 2010 Posted December 31, 2010 You'll have to let us know how you get on Scott. There has got to be a catch, and it's something to do with the cost of bids. But can't obviously see it, So can someone explain Buying the most popular bid package means that your bids are costing you around 25-30p each. When you bid, you raise the auction price by 1p and reset the end of auction timer. Auctions can be either 1 minute, 45 seconds 30 seconds or 20 seconds... I think... So, based on an average bid price of 25p, and bid increments of 1p per bid, the Audi A3 they were selling that had reached just over 1200 quid means Madbid made 120,000 (bids at 1p) x 25p (cost per bid) = £30,000. So they made a little over 12 grand on the Audi. Like I say, I wish I'd though of it... licence to print money then I'm with you in wishing I had thought of it Quote
scott beeland Posted December 31, 2010 Author Posted December 31, 2010 Me too Good on 'em for thinking up a site that makes them so much money. For me...If I can score even 1 argain, then it will e worth a small go Quote
Matt Seabrook Posted January 1, 2011 Posted January 1, 2011 Good luck Scot but I think your about to be £30 down with nothing to show for it Quote
John Loudon - Sponsorship Liaison Posted January 1, 2011 Posted January 1, 2011 Any E Type jags on there Scott? Quote
Asterix Posted January 1, 2011 Posted January 1, 2011 Get down to Tescos, they were selling Sony Bravia 32" TV's today @ £299 if that Sony 32" TV doesn't include an RJ45 connection, you're missing out at that price @Scott, good luck. Quote
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