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-   -   the next ebay? (https://gfy.com/showthread.php?t=306146)

serious 06-02-2004 08:24 PM

Quote:

Originally posted by herbal logic
I can see airlines especially benefitting from this. Margins are shitty normally..... but Id throw a few bones on a hawaiian vacation that really costs 1000 but is a 2000 ticket auction.
This is another great idea, putting all inclusive vacation packages for sale.

They need to get into advertising and affiliate marketing in a big way, ads like "go on a world cruise for a dollar??" who wouldn't want to see what thats about.

herbal logic 06-02-2004 08:27 PM

Quote:

Originally posted by ModelPerfect
But you still have to sit on your merchandise for 6 months while it depreciates and before you can try to sell it anywhere else. That'll throw off tons of sellers right there. With Ebay, you're committed for only 1-10 days.

Honestly, what do you think the chances are of that 2004 Dodge Viper SRT-10 getting 139,999 tickets bought with only a traffic rating of 304,770? And if it doesn't sell, the 2005's are already on the market with the 2006's coming soon. Your $85000 Viper can now only be sold for maybe $65,000-70,000. Not to mention the fact that you're paying insurance for that car for that 6 months.

im guessing you can choose a 30 day auction


The maximum amount of time a sweepstakes prize can be active is 180 days. All sweepstakes will expire in 30 -180 after they are posted. Once again, if quota is not reached in that amount of time, the sweepstakes is closed and the tickets that have been entered are returned to buyers. Once it closes, sellers will have the option of relisting the item if they wish for a lesser amount.

herbal logic 06-02-2004 08:29 PM

Quote:

Originally posted by serious
This is another great idea, putting all inclusive vacation packages for sale.

They need to get into advertising and affiliate marketing in a big way, ads like "go on a world cruise for a dollar??" who wouldn't want to see what thats about.

hehe watch the commercials on the index. They hired your clone for marketing.:)

jeffs 06-02-2004 08:32 PM

Quote:

Originally posted by ModelPerfect

Honestly, what do you think the chances are of that 2004 Dodge Viper SRT-10 getting 139,999 tickets bought with only a traffic rating of 304,770?

When looking up sites that went public two weeks ago, it would be more helpful to look at the "Today" ranking (17,056), not the average.

serious 06-02-2004 08:37 PM

Quote:

Originally posted by ModelPerfect
But you still have to sit on your merchandise for 6 months while it depreciates and before you can try to sell it anywhere else. That'll throw off tons of sellers right there. With Ebay, you're committed for only 1-10 days.

Honestly, what do you think the chances are of that 2004 Dodge Viper SRT-10 getting 139,999 tickets bought with only a traffic rating of 304,770? And if it doesn't sell, the 2005's are already on the market with the 2006's coming soon. Your $85000 Viper can now only be sold for maybe $65,000-70,000. Not to mention the fact that you're paying insurance for that car for that 6 months.

don't be so close minded, the site is new, it will grow over time. you can't expect it to be the next ebay in a week.

ModelPerfect 06-02-2004 08:44 PM

Quote:

Originally posted by serious
don't be so close minded, the site is new, it will grow over time. you can't expect it to be the next ebay in a week.
I'm not trying to be close-minded...just skeptical. Traffic will be the big hurdle, but if they get the same amount as Ebay, then I definitely agree it has potential. But I also think they are some details they need to address for them to get over that hurdle. One is the 27% commission, which will turn off a lot of sellers, even if you can get over 40% the price (people can get transfixed, not on the bottomline, but the %). The other is the 185 days commitment. That alone turns me off. When they have enough traffic to get the ticket count up faster, then they can cater to sellers with a more realistic 30 days.

Hue G. Pness 06-02-2004 08:49 PM

This is an interesting concept. Although, I think they will not grab the same buyer/seller market ebay has a lot of. Where high end stuff might do well there, cars, electronics etc. A large portion of the nickle and dime shit that is sold on Ebay everyday by the thousands probably won't do as well. I can see for stuff like cars all it will take is a few lottery fans to win a car and go to work and tell their buddies how they won this car for a dollar. I can't see people chancing a buck for a $15 DVD and shit like that though.

herbal logic 06-02-2004 08:54 PM

http://quotes.barchart.com/texpert.asp?sym=TFCT

(for anyone who cares)

steffie 06-02-2004 09:22 PM

3 years ago a lady in Maryland couldn't sell her house, she put an ad in the local paper saying that she would sell tickets for $ 100 each and once her price was met she would raffle off the house.

So, she got the money together, got a lawyer, did a public drawing, picked a winner and the police came and arrested her for illegal gambling.

She supposently forgot to register as a gambling entity or something like that.

I love the idea, kewl I am getting rid of my stuff and I am going to put 10.00 in various items I found.

This site is going to be a hit, I am buying stock he he

Ash@phpFX 06-02-2004 09:26 PM

i remember this, its been around for quite a while, they started with smaller things like widescreen tv etc

Entropy 06-02-2004 10:19 PM

Great idea! Am I the only one that sees the major money making potential? Much more than Ebay. A longer term investment, but with virtually no risk assuming the company is legit. Massive profits! And at .07 per share right now, I'm gonna buy as much stock as I can. It's bound to jump to at least a couple of bucks per share at the least. I can deal with that kind of profiit margin. My :2 cents:

herbal logic 06-03-2004 12:12 AM

just found out commercials begin nationally on the 10th:thumbsup

VideoJ 06-03-2004 01:27 AM

http://www.prizewise.com/productdeta...&s=&sc=&id=830

lol, great deal.

A lot of the cars are new, meaning people will first close the auction then buy the car and ship it to the owner. Wonder if you have to show paperwork for you can list a car

http://www.prizewise.com/productdeta...s=&sc=&id=1247

$235k home for $424k in tickets??

Nice idea could do well, if they can keep the fraud under control.

robfantasy 06-03-2004 01:29 AM

um isnt this illegal

johnbosh 06-03-2004 01:30 AM

Quote:

Originally posted by kaliboy2g
I think they will grow big and quick

Get a car for $1

How many people is that bound to attract

loL!

CamChicks 06-03-2004 01:33 AM

Quote:

Originally posted by robfantasy
um isnt this illegal

robfantasy 06-03-2004 01:33 AM

In order to comply with international sweepstakes laws, we ask all registering members to please complete this skills test by typing the answer to the following problem in the box:


ok.. most of the people who would continue to shell out money to this company with no won prizes would not be able to answer this question.

robfantasy 06-03-2004 01:37 AM

ok why not offer a new car at 175% the value, then buy the car at 100% value, give them their cut and put the rest of the money in your pocket?

EviLGuY 06-03-2004 01:41 AM

Quote:

Originally posted by robfantasy
ok why not offer a new car at 175% the value, then buy the car at 100% value, give them their cut and put the rest of the money in your pocket?
You get paid after your winner gets their item.

sinkiss 06-03-2004 01:43 AM

something like this will probably catch on especailly when they start advertising alot.

VideoJ 06-03-2004 01:45 AM

$200 home depot for 400 tickets (over half gone)

Lot of people are offering at 2x the selling price, nice profit lol

Mr.Fiction 06-03-2004 01:49 AM

It still seems illegal.

You can't just have a "skills test" on a lottery ticket and not have it be a lottery ticket.

Gambling shouldn't be illegal, but it is in a lot of places still.

Vitasoy 06-03-2004 01:49 AM

That's a neat concept. I love the idea. :)

robfantasy 06-03-2004 01:50 AM

Quote:

Originally posted by EviLGuY
You get paid after your winner gets their item.
i know, but im sayin, i have the cash to buy a car, i will sell it first , then buy it for real after the "auction" and send it to the winner. then they send me the check - their commision

Shoehorn! 06-03-2004 01:53 AM

Neat idea, but no one will be able to compete with eBay. Yahoo and Amazon tried and failed, if an established web presence can't do it then no start up company will be able to do it either. :2 cents:

twistyneck 06-03-2004 01:59 AM

Quote:

Originally posted by TheSmutPeddlerDOTcom
Neat idea, but no one will be able to compete with eBay. Yahoo and Amazon tried and failed, if an established web presence can't do it then no start up company will be able to do it either. :2 cents:
That just isn't true. Nobody is invincible.

Blinky 06-03-2004 02:07 AM

It's a pretty amazing idea, and I bet if they do the right amount of advertising, wait for a few stories to circulate of people winning things, it'll skyrocket.

Za Ha 06-03-2004 09:35 AM

$60,000 into it at $0.06 a share = 1,000,000 shares.
Banner on GFY = $5000 (or whatever the price is now)
A Ferrari for the webmaster who gets 100,000 refs first.

Stock goes to $10.
Cash in my $10,000,000 and chill :)

axelcat 06-03-2004 09:43 AM

ebay is one of a kind

TaDoW 06-03-2004 09:44 AM

Quote:

Originally posted by herbal logic
heres the stuff i used my tickets for.

3.12 OUNCE BAR of STUNNING 999.9% 24kt GOLD! 1 / 2,090
1 in 2090
11/26/2004
1:34:28 AM

wow, that must be REALLY pure gold!

Slam 06-03-2004 10:52 AM

there needs to be more items up right now and the auctions need to be shorter time spans. Better listing info and search and sorting options are also needed. If they do that it will definitly be BIG. Reminds me of the Pyramid System.

"I'd Buy That For A Dollar!" :thumbsup

scottie0779 06-03-2004 11:04 AM

You should check into www.livedeal.com

They haven't really taken off, but their whole angle is Localization of listings. Plus, it's non-auction, all fixed-prices but you can mark "Negotiable". I've sold a few things on there. Biggest problem with all these places is the implementation of "Stores". You can list all kinds of shit you want to sell at retail prices BUT you can't filter them out in the advanced search. :mad:

herbal logic 06-03-2004 02:28 PM

Quote:

Originally posted by Za Ha
$60,000 into it at $0.06 a share = 1,000,000 shares.
Banner on GFY = $5000 (or whatever the price is now)
A Ferrari for the webmaster who gets 100,000 refs first.

Stock goes to $10.
Cash in my $10,000,000 and chill :)

you got that right... im in for 25k on margin:1orglaugh

TAMPA_TOKER 06-04-2004 08:22 PM

i dont see no were TFCT has anything too TFCT do with http://www.prizewise.com

ModelPerfect 06-04-2004 09:22 PM

Quote:

Originally posted by Za Ha
$60,000 into it at $0.06 a share = 1,000,000 shares.
Banner on GFY = $5000 (or whatever the price is now)
A Ferrari for the webmaster who gets 100,000 refs first.

Stock goes to $10.
Cash in my $10,000,000 and chill :)

But isn't that true with absolutely ANY stock? "If stock XYZ goes up 16,666.67%, and I'm in it for 1,000,000 shares, I'm golden!" Yeah, no shit...but a stock at $0.06/share is no likelier to move than one at $60.00/share, and it's riskier. 'Cheap' does not necessarily equate to 'bargain'. There's so many legal issues, which are not carefully enough addressed on the site, for me to jump too quickly.

TAMPA_TOKER 06-07-2004 11:13 AM

Quote:

Originally posted by ModelPerfect
But isn't that true with absolutely ANY stock? "If stock XYZ goes up 16,666.67%, and I'm in it for 1,000,000 shares, I'm golden!" Yeah, no shit...but a stock at $0.06/share is no likelier to move than one at $60.00/share, and it's riskier. 'Cheap' does not necessarily equate to 'bargain'. There's so many legal issues, which are not carefully enough addressed on the site, for me to jump too quickly.
So far up 2 cents today climb baby climb:thumbsup

ModelPerfect 06-07-2004 11:28 AM

Quote:

Originally posted by TAMPA_TOKER
So far up 2 cents today climb baby climb:thumbsup
:thumbsup

washiez 06-09-2004 09:58 PM

Anybody in on this stock still? Looks very interesting.. ;)


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