Penny Panties - Nope I'm not kidding

"Think Swoopo meets Victoria Secret," the latest penny auction site (sigh) is none other than Penny Panties - a niche site akin to PennyPurses and PennyLaptop, which specializes in, you guessed it, women's panties. Penny Panties hasn't launched yet and they have Google Adwords on their site which makes me wonder if they are serious.

I've often dreamed of making a spoof penny auction site. I almost did after seeing The Auction Squirrel, I was going to call it The Auction Beaver with the tagline "Woodn't you like to win!" Penny Panties has the tagline "Not how your grandmother bought panties." If I hadn't just seen sites like The Auction Squirrel and Poor Daddy's Penny Auction House go live I would have certainly believed Penny Panties to be a spoof, but alas I don't think there is anything in the penny auction universe that can surprise me anymore.

Penny Panties has an email sign-up list if you feel so inclined.
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Does the world really need another penny auction site?

Calling all entrepreneurs, please, stop launching new penny auction sites. Today I saw an ad for Poor Daddy's Penny Auction House, and while I like the name and the simple cartoon-ish feel of the logo, I found myself saying,"Really, does the world really need another penny auction site?"

I know we're in a recession and you don't have anything better to do. I know you can buy the software out of the box for less than $1,000. I know you don't have to know anything about computers or even have a phone number. I know running these sites require no special knowledge or expertise, even the inventory you can buy straight off of Amazon.com. I know, I know. But does the world really need another penny auction site?

The problem is that while anyone can go through the steps above, very few people can do them well. Running a business requires business sense, and when you create a virtually identical copy of a website that already has 95 (literally, 95!) copycat sites out there, you are an idiot.

Take some advice and start a blog about penny auctions. I promise it will be far more lucrative.
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