![]() That’s already a total of $1.80 spent per person, and top bid is still only $1.00.Īnd since you have all “invested” $1.80 in the auction you’ll all want to keep on bidding to try to win the laptop and not lose the money you have already spent on your bids.īy the time everyone decides to stop bidding and someone actually wins the laptop, every one of the 30 active bidders could easily have spent $25, $35 or even $50 or more on the bids they placed. That means by the time the price gets to $1.00 every bidder (including you) has placed at least three bids. Since each bid placed only raises the current total bid price by a penny, it would take 100 total bids just to get the top bid amount up to $1.00. Lets say you’re bidding on a $500 laptop and there are 30 other people bidding against you for the same item. Sounds pretty good, right? After all, surely you’ll end up winning if you place 20 bids, right? That means it’ll cost you $12 to place 20 bids. In other words, you’ll be spending 60 cents for every bid you place, and you’ll have to pay DealDash that 60 cents per bid whether you win the auction or not. And every one of those 60 cent bids are non-refundable unless the bidders either end up winning the auction or buying one of the items outright at retail price. However, at the same time you are bidding, other folks are bidding against you (also at 60 cents a pop). Now that we have established that DealDash is NOT a scam (at least according to my definition of a scam), I’ll explain why I believe it IS NOT a great way to win expensive items for a lot less than they are worth…Īs explained on DealDash’s “How it Works” page and in the video above, every single bid you place costs you 60 cents. Everything is clearly explained and pretty easy to understand. In fact, they have released a video that explains it all quite succinctly:Īs you can see, there is no smoke and mirrors in play here. What’s more, DealDash has done a really good job of explaining exactly how the bidding process works as well as what it takes to win. I don’t believe DealDash is a scam simply because they do deliver the items won by the winning bidders as promised AND every bidder has the same opportunity to win any given auction by placing bids according to the rules that are clearly explained on their website. In my way of thinking, any commercial enterprise can only be considered a scam if the people behind it either:ġ – Promise something they can’t (or won’t) deliver in return for your heard-earned money.Ģ – They have stacked the deck against their customers in some way. ![]() Rick’s answer: You actually asked two questions Tammy, and in my humble opinion the answer to both of them is no.įirst, let me explain why I don’t believe DealDash is a scam… ![]() So my question is do you think DealDash is a scam or can you really get great deals on there? I’ve had pretty good luck on Ebay but the great deals mentioned in the DealDash commercials have me intrigued. ![]() ![]() They sure make it sound tempting but it seems to me like it has to be too good to be true. Question from Tammy: I’ve been seeing a lot of commercials for the auction site DealDash lately. Like my tips? Click here to sign up for my free Daily Tech Tips Newsletter and you’ll never miss one! ![]()
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