What is Quibids and Is it Safe or a Scam?
The Truth About Quibids: Is It a Scam or Is It Real?
Before you call Quibids a scam, check out the full story.
Typically, when a person sees an ad on the web saying you can buy a new iPad for up to 90% off, they assume it is a scam. Trust me, I thought the same thing when I first saw ads for products getting sold at ridiculously cheap prices. But in my experience, it is very possible to get great products for very cheap on Quibids.
How Does Quidbids Work and How Can They Sell Stuff So Cheap?
Quibids must be losing money, right? How do they make a profit?
The truth about Quibids, and all penny auction websites, is that they are not losing money for selling products so cheap. The companies running these auctions are actually making tons of money on most of their sales. Sure, they might sell a $600 iPad for only $25, but the company actually makes up to $1500 on the sale itself. So the purchaser and the seller both get great deals on the transaction!
How They Do It
With most penny auctions, you have to buy bids to use in the auctions. Most auctions cost around 60 cents per 'bid', and each bid takes the price of the item up 'one penny.' So for each penny spent on a product, they make 60 cents, which means that if something sells for a dollar, they made up to $60 on it!
Penny auctions are not scams. They are actually a genius way of selling products. You probably wish you'd thought of the idea. I sure wish I did! That said, there are still some dangers you should watch out for. Finding the right penny auction website is key.
Some penny auctions out there cheat by using bots to run bids up, and you don't want to be competing against a fake user. Quibids is a trusted penny auction website that is safe. It's my favorite by far.
Video: How Do Penny Auctions Work?
Is Quibids Safe to Use? Are Penny Auctions the Same as Gambling?
Some people out there consider penny auctions to be a form of gambling. The way some people bid in auctions, that can certainly be true. Sure, you can save a ton of money on items, but if you lose on an auction, you could be left with nothing.
Here is how Quibids is different. They have a 'Buy It Now' feature. Let's say you used bids on an auction at 60 cents a bid and lost. You can use the money you spent towards bids on buying the item at its retail price.
If you want to be safe while bidding on auctions at Quibids, be sure to keep the 'Buy It Now' option in mind. Before you go for something, ask yourself if it is something you would be willing to spend money on to buy it at its full price. It's not a bad option considering the chances of getting something for up to 95% off. Also, if you end up paying retail on something, you can always get your money back by selling it on eBay and trying the auction again!
Quibids Strategies: Winning Tips
There are many different strategies that pros use to win on Quibids. However, there is no ultimate winning Quibids strategy. The auctions are way too unpredictable. You never know what other users are going to do, and just because a certain method works for some people doesn't mean you won't run into a few others who run up your bids. These techniques will help you survive, and the more you do the auctions, the better you'll get at saving.
1. Think Before You Bid: Don't Rush Into an Auction
The most important thing to do is think before you act. Watch auctions and see how they work, and find out how much items usually sell for. Get a feel for the way the auctions work. Always remember that even if you see an iPad sell for 50 cents, you shouldn't jump into an auction expecting the same deal! Always practice on smaller items first before going for the gold.
2. The Conservative Bidding Technique
The strategy many people use is to wait until the last second to place a bid. Many other bidders bid uncontrollably, throwing bids out there to stay on top. Patient bidders wait and watch others battle it out while only bidding at the last second. This takes time though. You should plan on sitting at the computer watching for a while. Depending on the item, it could take many hours.
3. The Intimidating Bidding Technique
This is a great technique that many people use to win. Strike fear into the other bidders by constantly outbidding them. If you immediately outbid others to stay on top at all times, the competition might give up. Plan on using a lot of bids this way if you are going for something big.
4. Timing the First Bid
One good way to time your first bid is to wait until the auction has a low amount of bidders. The less competition the better. If you have watched past auctions, remember where they usually end, but don't forget that final prices are always unpredictable.
A good technique some pros use is to jump into an auction really early while it has the least amount of attention. You could get to an auction before others already sank a lot of bids in and plan on going all the way.
5. The Best Day to Bid
This is never certain, but most people say Wednesday is the best day to place bids and Thursday is the second best. I would also warn you to stay away from bidding on weekends since way too many people are at home on their computers on the weekends. The more competition, the more you will have to bid to win.
There is no way to guarantee you will win big, but you can greatly improve your chances. One bid wins are very rare, but they do happen. Just play it safe and have fun bidding!
Why So Many Scam Reviews?
Is Quibids trustworthy? Why are there so many people saying it's a scam? First of all, if you've read the above sections of this article, you should know by now that Quibids is not a scam.
Some people make statements before even trying a membership, so how would they know? I think that most of the people you see in forums and all over the Internet saying they got ripped off just weren't being smart with their bids. Here are some of the things you will hear:
1. "Don't do the Quibids scam! You never win! They steal your money with bids!"
I know for a fact that they aren't just stealing your money. I win all the time! Some people just come along and sign up for Quibids and think they can walk in and get a new high-priced super laptop with $50. The truth is that it's possible, but not very likely. So they throw all their bids away hoping to win. When these people lose, they throw all sorts of insults and negative feedback all over the web.
2. "Quibids is using bots as fake users to run up bids!"
Bots are a very big issue with most smaller penny auction websites, but Quibids is one of the top sites out there. If people see one person bidding nonstop, they might think it's a bot, but it could be someone going all the way until they have to use the 'Buy It Now' feature.
Also, lots of people say that people use more bids than an item is worth. It sounds stupid, I know, but a lot of people who have won free bid vouchers in auctions may go farther then people with paid bids. Free bid vouchers do not count towards the 'Buy It Now', so people may use many of these even if it seems the bids are more then the item's value.
****Added Complaints I've Gotten in This Article's Comments!****
Seriously, I got these complaints. This topic seems to bring out tons of mindless haters.
"Quibids stole $60 from my bank account when I signed up!"
They didn't steal. You paid. You don't have to be a member to view auctions, but to participate, you have to sign up for Quibids by buying a bid pack with 100 bids for $60. It says very clearly that you're buying a bid pack and not just signing up to get the three free bids.
"Don't trust Quibids! Never give out your bank or credit card info anywhere online!"
Seriously, this is the 21st century. If you haven't shopped online by now, you probably don't own a computer. Quibids is backed by the BBB, just like eBay and Amazon.
****Learn from these people (or laugh)****
Don't be shy! Check out the long list of comments this page has received. There are so many people getting pissed off and leaving complaints in this comment section. Go through it and laugh at some people.
You can also learn from these people's mistakes by seeing what went wrong for them and avoid those problems before you become a hater as well!
BidProApp for Quibids
UPDATE: This is a great app for those who want a bit of an edge in the auctions, but please don't expect it to win auctions for you. It is a tool to improve your knowledge of what's going on and you should only subscribe to it if you already know how Quibids works. I personally don't even use it anymore, but it's still a great app!
This software has helped tons of people win auctions on many penny auction websites. The BidProApp for Quibids was created so that you can see every bit of information about the items you are looking at, as well as the other bidders that are bidding on them. With the app, you can:
1. Know the Item
See everything you need to know about the item, including past auctions, what the final prices were, who won them, what time they ended, and how many bids it took to win.
2. Know Your Enemies
Instead of just seeing the last 9 bids, you can see all of them! See everyone who placed a bid on the auction and see how many bids they have spent on it so far. You can even look up the information on all the auctions they won or lost in the past!
3. See All the Statistics
The app loads right up on the browser and it works the best on Firefox. You will get easy-to-read charts showing average final prices and telling you the best time to start your bidding.
My two cents is that you should check out the app. You may have to wait on a waiting list for a couple of days, but spots open up all the time, and it may be worth it for you to get a bit of an edge during your bidding!
Leave a Comment (a Nice One!)
Is your bidding doing well? Are you having fun? Tell everyone about your experience and how much you have saved on your auctions! If you have any questions, go ahead and ask!
Before you bash . . .
If you are only here to slam Quibids and say it's a scam, then go to the "Quibids Scam Reviews" section above and you will most likely see what you did wrong.
Be nice and sociable!