sounds pretty cool

well, thats why you set the price of to auction at 27% or more over the price. Thats the beauty.... if it takes off you could be selling stuff after the fees and still making more than msrp.

I had a similar idea to this once, the potential is endless for this one :thumbsup

Greed allways takes over for someone looking to win....


Lets see if they go bankrup when eBAY sues them for using their name :winkwink:

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.

The idea is great, I hope it takes off in a big way, I wouldn't mind putting a dollar or two down on a lottery for a bmw.

Not to mention the possibilty for selling things, look at those prices, probably more than 2x what you could get it for on ebay, if this takes off you could list your products and sell them within a week and collect much bigger profits than ebay.

How do you buy some of this stock? :Graucho

tfct.pk

Of course now the site is kind of useless since theres hardly anyone buying tickets, but if it takes off and cars are selling within a couple of weeks for double what you would pay at the dealer, imagine the possibilities.

When I looked at the site, most of the items required about twice the amount of tickets that they're worth. If I put a $500 camera on the site and ask for 1000 tickets, I could just ask a friend to buy 501 tickets and then have 499 tickets sold to other people. If my friend won the camera (he would obviously have the best chance), we would have the camera, his $501, and an additional $499. If he happened to lose, we would have his $501 plus the $499 the other people gambled. Even if we put the camera up for $500 and bid $250, we would still lose nothing. Since the site only takes 17% of the money, and we would statistically win 50% of the time, wouldn't this website be easy to cheat?

empowers the seller without the buyer giving a shit:glugglug

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.

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.

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.

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

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.

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.

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.

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

(for anyone who cares)

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

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

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:

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

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.

um isnt this illegal

loL!

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.

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.

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

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

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

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.

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

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

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.

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.

$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 :)

ebay is one of a kind

wow, that must be REALLY pure gold!