Instead, DealDash makes money from selling bids. At the time of writing this article, a single bid costs $0.12. This means that by the time an item’s price reaches $10, 1,000 bids will be made and those bids will sell for up to $120.
No, there is no subscription fee and you only pay for the bids you buy.
DealDash doesn’t disclose how many prepaid bids its “winners” spend on an item, says Pstikyan, although it’s often more than the item is worth. “Meanwhile, the losers of DealDash auctions – all but one participant in each auction – lose all their prepaid ‘bids’ and walk away with nothing.
DealDash will refund any bid you placed and you spent your money there to buy something you would have bought anyway – gas for your car. A hundred dollars of gas is a hundred dollars you would have spent on gas anyway.
DealDash operates one of these auction-based business models, where products are auctioned off, which are eventually bought by the customers at a comparatively lower price than their actual price. The business model is based on a penny auction strategy (bid fee) and offers the bids for less than 20 cents.
DealDash, one of the largest and most well-known “penny auction” websites, has been accused of operating an “illegal gambling site” and using a “widespread deceptive marketing campaign to lure customers to the site”, according to advertising monitoring group Truth in Advertising (TINA.org).
Deals on DealDash typically take around 20 minutes to an hour and 20 minutes. You must buy at least 60 to 200 bids. In general, the best times to bid are weekdays, daytime hours, and public holidays.
Are you looking for a product you need or want
However, I can tell you that there are kitchen items, outdoor and garage items, art, home decor, children’s items and gift cards< /b> . All items sold on DealDash are brand new, sealed in packaging, and come with manufacturer warranties.
Customers who work Monday to Friday are more likely to make more online purchases during their weekend off hours. Observe for a while and keep an eye on the numbers to see if there are more bidders on weekends than on weekdays. 2. Consider time zones.
No New Bidders After $10 Auctions allows you to browse upcoming and ongoing auctions and perhaps enter an auction you may not have considered. Maybe there’s an auction that looks like it’s about to end and you’re ready to place a few bids to see what happens. You never know!
If you don’t win an auction, you can recover your bids by using the Buy It Now option. If you bid 100 times on a $50 Walmart gift card and don’t win, you can simply buy the item for $50 and get all your bids back for free.
Sites like DealDash differ from eBay and other more traditional auctions in some very important ways: In a normal auction, the person who bid the highest amount wins and pays the amount they bid ; Losers pay nothing.
DealDash is an e-commerce company based in Minneapolis, Minnesota that has been operating since 2009.
Resale of products purchased from DealDash is not permitted. This helps us to keep offering great deals to our customers. Violation will result in account closure.