Selling Amazing Penny Auction Website - RageBids.com

This is a new website that provides products in the new, vastly popular penny auction system.

The site works by listing products for sale (you do not need actual stock, you can simply purchase the item once the auction has ended and then forward it to the winning bidder), which users then place bids on. Each bid increases the auction price by 1p, and each bid costs £1 to the customer (you can change the price per bid to any thing you like).

So for example if you list an iPad and it sells for £11.50 (a huge saving for the customer on the RRP), then you have made £1,150 from the 1,150 bids @ 1p each (costing £1 per bid), buy the iPad for £500 and the rest is profit.

The website's backend system allows you to set reserve prices on the auctions, as well as open and close times for the auctions, so you can ensure that every auction see's a profit.

You can add, remove, edit auctions, categories, pages, news, bid packages and pricing, as well as a number of configuration options from the admin panel.

All you need to do is promote the website.

This website has huge potential as there is a mass appeal for cheap products, and with this type of auction everyone is a winner, the winning bid is bound to be far less than the RRP of the product, and the website owner see's a healthy profit on each product auctioned!

Don't miss this opporunity!

I'm happy to make any modifications for the new owner, and setup the website with the new owners desired currency and bid pricing structure.

I can host the website on a shared account providing FTP access, or the website can be transferred to your own hosting account.

This website has no traffic as of yet, there are a number of ways you can promote this website, including SEO, PPC - for instant results, banner ads on technology blogs etc.

You can get traffic more or less instantly with these methods.