Online penny auction site where users bids cost 50 cents each and bid on items on the site only raising the auction price 1 penny.
This site gives people the chance to win auction items at up to 90% off retail prices. People who can win a $499 Ipad for $30 or $40 will keep coming back for more. This site targets customers male and female 20 to 60 years of age. So, if a $499 Ipad sells for $43.76 and the user bids 50 times, in all the bidder pays $68.76 $43.76 for the item and 50 bids @ $0.50 equals $68.76. $2,231.76 minus the $499 item you pay for a profit of $1,732.76