Quibids Penny Auction – Make Money Online Product Reviews

{“en”:”[MUSIC] Hi my name is Nathaniel and this is one more cup of coffee where we talk about online business, making money on the internet And financial independence. So, today, I’m going to go through another review for a money making system that is popular on the internet. It’s called [INAUDIBLE] And I’m going to be checking out if it’s legitimate or not. Now, first. Let’s go over to the website first. [MUSIC]. Site looks totally legit. There, there’s a little bit of, kind of a m-, that make money online feel to it. Where they show you pictures of money, and tell you how much you can win. And there’s a lot of, you know, inspiring videos about how these people got some awesome items and what not.

So it’s, it looks a little bit cheesy. But, as you can see right here. It says it’s Better Business Bureau accredited. So, Better Business Bureau, so immediately I went to the BBB accredited [UNKNOWN]. Okay it’s right on the BBB’s website. It says that they’re accredited. Now accreditation doesn’t mean that the Better Business Bureau says there a, says they have good product. It doesn’t do a product review, all it does is it says that they are a legitimate business and they’re not going to cheat you out of money. So it does mean something, but it doesn’t mean that you shouldn’t immediately trust them just because They have this, this accrediation.

So, the first thing you’ll notice, if you scroll down. Oh my god, 1183 complaints. That is a lot. Billing, advetsing. Seemed to be the most complained area. So that is a bit scary. But, what you can do is you can actually look into these complaints. And there is a couple things I notice with these complaints. One, the majority of the complaints, are complaining that they were [MUSIC]. Billed. And I didn’t approve the billing. Now, I actually signed up for this site. And they say it very clearly at the beginning. You will be charged 60 dollars if you sign up.

There’s a way to sign up without getting charged. And it’s a little bit harder to find. But, the, the main. Tunnel that get you through, to have you enter your credit number and it says in big letters on their, that it, there will be a $60 charge for this. So these people really don’t know what they’re talking about. The other thing I noticed is that [UNKNOWN] answers every single one of the complaints. So here’s a complaint, here’s a [UNKNOWN] response. Here’s a complaint, here’s Quibids response. Here’s a complaint, here’s Equips response. Now not all business do this. Some people just let it collect on there and their like whatever, we don’t want to address these, but Quibids has something to say about every single one. They even refund people their money when they shouldn’t have got a refund according to the terms and services. After reading these complaints and Quibs responses. I decided that I could get, I was a little hesitant about giving them my credit card information, but I did.

I sighed up $60 will get you a hundred bids. And this is basically how the system works. Let’s look at a bid. Kay, so you see this timer, iIt’s timing down, so this is the item here, this SanDisk 32 gigabytes drive, as the timer goes down it starts With much more time on there, here’s eight minutes on the timer. And you make a bid, the bid costs 60 cents. And that says that you are willing to buy this item for the price down in green here. So if I were to bid right now that would mean that I would want to buy this ScanDisk drive for a dollar, and that’s probably worth 15, 20 bucks. I don’t know. So if we look at this 500 gigabyte hard drive here, that’s probably worth like a hundred bucks maybe. I don’t know what the price is, but it’s selling for a dollar.

And as the timer ticks down and you make a bid it refreshes [MUSIC] To 20 or 15 seconds depending on the time frame. There’s a whole system. But, so if I make a bid right now it’ll refresh again, my name will pop up and I’ll be named as the bidder. And then refresh back to 15 seconds. You can see there’s tons of people bidding on this right now. And each time you bid, it increases the price by a penny. So this item right here is getting crazy bids right now. Let’s look at a slower one. Organized by their What they are.

Okay so here’s a gift card for Shell, a $50 gift card for gas. You can see the timer’s ticking down, and then if someone wants to make a bid then it refreshes back to 15 seconds, this one is going to 20 seconds. [MUSIC] And this one hasn’t gone down to the 20, 15 second threshold yet. Now if the timer runs down to zero, and you’re the last bidder, then you win the item. so this lowest >> [MUSIC] >> Let’s say the timer runs down all the way to zero seconds. And it’s $1.51. And she wins the bid. That means that she can buy the item for $1.51. Now, who knows how many bids she put on it? If she put on ten bids, that’s $1.51. [MUSIC] Plus $6, that’s $7.51. If you put a hundred bids, that’s gonna be $60. So that’s gonna be $60 plus $1.51. Now this is only a $50 gift card.

So once it gets to the $50 price then it’s kind of like you get a $50 gift card for $50 and that’s it. So that’s the whole system. The, the thing that I like about QuiBids, and it makes it legitimate, is that they explain everything very clearly in several parts of their site. Here’s QuiBids 101. And it goes through a bunch of things about how it works, normal customer complaints, where confusion lies, and they kind of take a stab at those guys who are complaining.

They say a lot of people join the site thinking their going to get good deals and they don’t get good deals and so they lable it as scam. In actuallity, it’s just a way, it’s kind of like gambling. You kind of see the items you like and you take a chance, and, theres systems and whatnot. I’m not going to get into the systems are, about how to actually make good bids. I haven’t. Figured it out yet, I’v made a couple of bids and lost. So as far as legitimacy goes QuiBids is a legitimate site. It’s a cool place at least as far as I can tell. I’m gonna keep playing with it and tell you guys how it goes in just a second. But as far as the, the website goes it’s a cool place where you can get some cool stuff and have some fun with it.

So as far as making money online goes I do not think this is a good route to go down. Technically, you could be able to buy these items on here, for cheap, and then sell them, say, on EBay for some, for a more expensive price. So if you get this $50 gift card for Shell for $2 and then you sell it on eBay for $40, that’s a $38 profit. So that’s pretty good. But, there is very limited room for a system here. Where what you’re going to be doing is you’re going to be betting your money on these items. It’s kind of like gambling, you’re gonna make bet and you’re gonna win some, you’re gonna lose some.

And you’re gonna have to develop a system on how to actually be profitable. Because see on this gift card here I could waste 30 bids and that’s gonna cost me $10 or $20. And when the bid is over, I might not have the gift card. I spent $23, and I didn’t get the gift card. That means I spent money. Now some of the higher ticker items like laptops and iPads, they kinda tell you the what can happen story in the advertisements. But that’s where people kinda gravitate towards those higher in tech items. [MUSIC] So, you’re not, it’s gonna be tougher to get those things, and you’re gonna have to spend a lot of time practicing your art, which means you’re going to have to be spending money.

I could see you potentially spending a couple of hundred dollars to get some of the things. We’re gonna see, I, I bought 100 bids for $60, and we’re gonna see if I can Win anything and I’ll come back and check in with you in a second. I just want to show you guys the buss, this bid that’s going on here. It’s running down. Here’s our friend Lowes Gaw again. I just saw a gift card get sold, it’s twenty five dollar. [MUSIC] It’s a $25 gift card gets sold for $0.01. Let this go down and bid. Sorry, there’s me. Yeah we’re gonna see if we can get a $50 gift card for $0.60. Rem Axle seems to be bidding up a storm here. Remember, each time I press this bid now button it’s costing me 60 cents. Sorry Lois Ga. Oh, Rem Axle again. [MUSIC]. Now, earlier today, before I started this video. I actually saw this 50 dollar gift card go for about 2 bucks. So if you think about it, it’s pretty good. I actually need to go to Home Depot which is why I am bidding on this.

Sorry lowest up, rim accent Lowes gaw going at it. I have a feeling this is going to go on for a while. So now one strategy that I heard people say is see how [INAUDIBLE] So let just sitting here, [INAUDIBLE] has already spent about maybe 3, 4 bucks on this. So has Ran Axle. Or Remaxle, whatever his name is. It’s costing him 60 cents everytime they bid. Oh, there’s [INAUDIBLE] again, another 60 cents. The tough thing is, there’s all these Home Depot Cards, but the timing is way off. We gotta wait 12 minutes for that, we gotta wait 20 minutes for that. [MUSIC] I just don’t have the patience to sit here and wait. Another bidding strategy that you can see here, is the scare tactic, so if you just constantly bid, constantly bid, the idea is that other bidders will eventually give up. [MUSIC] see like those, those cards just gone added. On a way [UNKNOWN] see [UNKNOWN] colors into [INAUDIBLE] [MUSIC] What is lowest ga /g, lowest ga /g, come on.

There we go. Now we’re getting some more bidders in here. I’ll play with this for a while and tell you guys what happens. All right while those guys go at it over there I’m gonna show you this page over here so you can see there’s a lot more bids that are going on for a lot longer. Every time someone makes a bid it resets to 15 or 20 seconds and eventually it gets down to 10. [MUSIC]. But you can see there’s a whole line of stuff that people are bidding on. They probably got the same screen on here. And they’re just bid, bid, bid, bid, bid, bid, bid, across the board. I just saw there was one item that just sold for, like, 2 cents.

So that’s the idea, is, you kinda get some stuff that falls through the cracks. There’s our friend, C21HP. You can kinda see who’s bidding on different stuff. They actually say it’s a no no to open up too many bids, because you end up forgetting how many bids you make. [MUSIC] I’m gonna look at some sports gear. [LAUGH] I just, I just bid on this thing, and CHP. There we go. There we go. I’m gonna make it. [LAUGH] No! And just something interesting to look at. This C21HP. He is all over the place. He’s on this one. Alright, I’m gonna get this bid. Now. [Remaxel] is on it. [Remaxel] also Z21HP is also, you’re going to see him bid here in just a second.

There we go, there’s our man. There’s basically 2 or 3 guys on here that are just bidding a storm up. I wonder how to find a wider variety of stuff. [MUSIC] You can see these guys basically have the exact same windows open. That is the store, let’s check out some jewelry. Luqage index, that’s good. So I’ve made 4 bids. And that’s 4 bids times $.60 is what, 2 bucks? So I spent 2 bucks and I do not think I’mma win. Here we go, counting down, it’s almost mine. 3. 2. 1. Damn it. [LAUGH] Damn you [Remaxell] [LAUGH] This guy [Remaxell] he is pissed. Look at em, I just bid, bidding this up. This is costing me $per bid. [INAUDIBLE] is making me mad. Sorry dude. [MUSIC] [LAUGH] Oh, man. That just ran out. Woop, sorry. Man I just spent like 20 bids/g. [INAUDIBLE] [MUSIC] at least Whatever her name was, it’s gone.

I don’t know how that happened. That just [LAUGH] the time ran out and no one bid. I guess that happens. Sold for 347. So disappointing. So you can see I had 100 bids, I bough for 60 bucks so I spent, I just spent 30 dollars and I got nothing out of it. Now I’m even looking over here at like tools, stuff that I don’t even want I mean, why would someone want to buy a stupid knife on the internet? I, that is beyond me. All of these are getting old. Well I’m just gonna blow my bids today. So let’s see if there is some cheaper items. [MUSIC] See if this ten dollar staple get’s carded and get it.See you in twenty seconds. [MUSIC] Okay, here we go.

[MUSIC] 20 seconds on the clock, we’ll see if someone outbids me. [MUSIC] [MUSIC] Hey, [LAUGH] I got a $10 gift card. What do you know. No, I just missed the Chili’s card. How is that possible? Okay, so I’ve used up all my bids. I didn’t win any other auctions, I spent $60 I got a $5, a $10 gift card, so we’re gonna go buy that. I have a feeling there’s gonna be some shipping and handling involved as well. >> [MUSIC] >> So. Cupid’s. It’s fun. It’s addicting. I mean, my heart is beating right now.

I really, really wanna go spend another 60 bucks and try to get some more stuff. It can be fun to play on the weekends. Or if you really wanna get something cheap. Or if this is like, your hobby, whatever. It’s not a good business model. You’re going to lose money. [MUSIC] If you’re looking for a long term solution to start a business to make money on the internet, Cupid’s is not the way to do it. I am a pretty self controlled person, and I am excited, I am jacked up. With adrenaline. Just fighting those bears for those stupid gift cards. And you can imagine, the high ticket items like cameras and barbecues and, and iPads and thatstuff, man that has gotta be some stiff competition. So [MUSIC] Stay away from Cupid’s if you are an addicted gambler. if you would like to learn how to start a real business on the internet something that is not addictive, something that you can rely on (no period) In the years to come, something that is actually to going to provide you with steady income where you can join my email course which there is a link at the end of the video.

You can ask me questions you want and [UNKNOWN] are my links are in the YouTube description, and you can head over to my website, and see what else I have as far as business models goes for starting an online business. So thanks for sitting with me through this Quibids session and I hope to see you in the next video. [MUSIC]. “}

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