Quote of the day: "Even a fool knows you can't touch the stars, but it won't keep the wise from trying." ~Harry Anderson
Song of the day: None.
State of mind: peeved
Date: January 9th, 2009
Ever hear of swoopo.com? It's an online auction site for all things electronic. I can only assume that they got their name from the Ebay bidding style of waiting until the final seconds and swooping in with a final bid. I found it the other day while browsing for laptops and at first, it seemed like electronic paradise. Brand new laptops, digital cameras, cell phones, and TVs for pennies on the dollar! On they day I found they site, they had quite a few laptops with only seconds to go on their auctions and in the rush of finding what I thought were awesome deals, I considered registering, which is free, but decided against it. I figured it would be best to decide which laptop I wanted and then see if it was available on swoopo rather than get antsy and bid on something just because it was cheap. Also there was a part of my brain raising flags of many colors. I mean, a brand new Sony VAIO 19" for 15 dollars? Way to good to be true. Then I read that you have to pay for each bid. Well, ok. That made sense. So it was a site for serious bidders only. Each time you wanted to bid, you had to pay the site $.75. And since swoopo.com was the one purchasing the goods that went up for auction, I figured they were getting them at a wholesale discount. Considering the money coming in from bids, plus the actual winning bid I rationalized that they were probably making a small but nice profit. I could live with that.
Later that day while at lunch I visited the site again, unable to put the low prices out of my mind. And that was when I saw it. Every time someone bid on an item, more seconds were added to the end time giving someone else 20 more seconds to out bid you. And if there were more than 2 people interested in a 20 dollar laptop, you know they are going to keep on bidding in the final seconds. It's not like Ebay at all. The end time makes no difference. And each time they bid, another $.75 goes in the kitty. I started to become irate. It's not an auction site at all. It's an online slot machine with each click of a button another 3 quarters and a hope that the others you are bidding against get distracted for 20 seconds or more so you can win. Considering how often the bids went up, I couldn’t see how people were counting all of the $.75 cents they are adding to the final tally. They're caught up in the hunt to win. It happens on Ebay all the time, but at least with Ebay you can only get caught up for so long. Once the time is up, it's up and a winner is declared.
One lap top I was watching was at 22 dollars with 3 minutes left on the countdown clock. As I sat and watched it went up by 3 dollars while 5 different people kept adding their penny bids. (That's another trick. A lot of the "auctions" are penny auctions, meaning you up someone's bid by only a penny each time- reinforcing the idea of getting something valuable for dirt cheap.) Just as the clock reached 5 seconds, the lot of them plus people that had been waiting on the side line suddenly put in bids and with 20 seconds for each bid the time went back up to over a minute. In an online auction, a minute is eternity. And then I watched as for that entire minute all of the bidders kept putting in more pennies! Idiots. You aren't going to win with over a minute left on the clock. Why keep upping the bid and throwing away your quarters when you know you are bidding against multiple people? No one wins because they bid A LOT.
Also, right under the picture of that brand new lap top was a price it had recently sold for: 377 dollars. For an 1800 dollar computer. Which I think is another trick to keep people bidding by demonstrating how well another lucky bidder made out. Because it is a steal… for one bidder. But at a penny at a time, it took 3,770 bids to be placed. That's 2827.50 dollars, before the winning bidder ever paid their winning bid price which ups swoopo.com's take to 3204.50- for a laptop that has a manufactures suggested retail price of 1800- which is not how much items are usually sold for. And if they buy in bulk, I'm sure they paid even less. But even if they had paid the full 1800 dollars, they still get over 1400 dollars in profit.
And in case anyone is wondering, no I never did register or try my luck at any of the auctions.
Show quote of the day" "Oh Mario. If only I could control everyone the way I control you. Hop, you little plumber. Hop, hop, hop!"