Friday, September 25, 2009
Update from The Auction Squirrel
The Auction Squirrel recently posted this announcement on their site:
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Penny Auction Insider is a blog dedicated to covering the world of penny auctions, bid-fee auctions and other similar topics
What is a penny auction?
Are penny auctions gambling?
Are penny auctions safe?
Overview of penny auction sites
Swoopo and Bidcactus
What is a penny auction?
Are penny auctions gambling?
Are penny auctions safe?
Overview of penny auction sites
Swoopo and Bidcactus
Hi - looks like your case study is struggling. If you're on the lookout for another one, have a look at Jingobid.
ReplyDeleteWe've been reading your blog with interest and have to deal with many of the points you raise.
The squirrel does look a little underfunded - there is no way you can get a site like this going without spending substantial money on ads. Also, you need to offer some differentiation to other sites, and most importantly be super-honest about everything you do.
Jingobid has strong finacial backing and is fully expected to lose (a lot of) money for the first 3 months. It's key differentiationg points are an Asian presence, cheaper bids (around US$50c/ bid), larger auction increments (meaning they are genuinely auctions, not lotteries) and proprietary software (not a knockoff swoopo clone) that is continuously being improved. We also offer dropsales as another option for our users to spend bids. And as we are trying to build a sustainable business like swoopo's, we do not use any shill bids or other tricks - the auction results so far speak for themselves (ouch... but it means there are lots of happy clients).
See http://www.jingobid.com for the site itself.
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