Hi, I am thinking of setting up a penny auction site, does anyone have experience in this? Some advice would be awesome. Cheers!
What kind of advice you are looking for ? I am not sure there is much money to be made for the site owner
Personally I never use penny auctions sites, the idea is just so scammy, as the owner could easily bid on his own items just to make you over pay, so he doesn't make a loss, so I have never used one of those sites, so not sure how many people actually use these sorts of sites.
Have you ever bought something off one? They are no good. Check out a car auction if you'd like to see some net profit quick