Ever heard of Swoopo?

DogFacedBoy · #1 02-22-2009

Found it today. I think as a buyer for purposes of reselling there might be some great deals. Stuff goes for pennies on the dollar, but the catch is many of the auctions are in increments of one cent and it costs $0.75 a bid. So figure that they are making $75 for every dollar bid.
Some of the finished sales (if true) are incredible...would just like to verify that it is for real.

affproducts · #2 03-07-2009

It's real site. Just requires a lot of precision and guts.

Burning · #3 03-08-2009

They are rip offs. They make it looks soo good when it it not. A bid cost .75 each. Almost every item had about 75-125 bids.

Burning · #4 03-08-2009

I bought a 30 bid pack. It was a complete rip off. I wasted all of them in 1 day.

Freedom · #5 03-08-2009

not worth it... I looked at this for a while and you can pay thousands and get nothing.

mantisinc · #6 03-11-2009

Swoopo is something that I visit, and everytime, think dam, why the hell didn't I think of it?

It has to be one of the most lucrative sites on the net actually.

It started off as Telebid, and for some reason rebranded to Swoopo.

It's VERY easy to spend a lot of money on there, I certainly wouldn't reccomend it. At the end of the day, it's gambling. Addictive.

Awesome money spinner though, the guys behind it must be minted.

RobFagles · #7 03-15-2009

Yeah, you can get some great deals if you know how to place your bids at the right times.

eseller · #8 04-07-2009

swoopo = a headacke

omg . . . idk . . . I saw this site once before but its a little .... crazy . . . doest seem too make too much sense and honestly it gave me a headache

I guess I am too used to the old ebay format

Thats why I think eBanza's SO DOPE - it reminds me of ebay 1998 . . . . aaaahhhhh . . . the good old days . . . . =o)

eBanza.com NO LISTING FEES!!! NO EVIL!!!

nobody999 · #9 04-22-2009

guys, swoopo should be illegal....they run it kinda like lotto/raffle....i'm suprised the attorney general hasn't looked into them....it's like gambling.

DogFacedBoy · #10 04-23-2009

I don't think all of the auctions are the penny-bid style, but those certainly are the ones that look like the steals...one thing that is good is that if you check out the closed sales, they do show how many bids the winner used and what their total fees were.

They don't show of course all of the bidders that spent money and didn't win,