Auction Sniper Service »
I've always been a bit of a sniper myself - just made things easier, since I don't have to sit and watch the auction feverishly the whole time. So it was with a bit of surprise to see someone actually come up with a service to do the work for you.
A quick glance shows that they appear to let you have 3 wins for free, then you pay a percentage of the price after that. Interesting concept. I wonder how it works if more than one sniper customer wants the same product - I would assume that the higher bidder wins, just like with a regular auction.
I wonder if they charge you a fee if you don't win. I'd imagine they couldn't, but I'm guessing that as the service grows, they need to pay for that growth somehow - the problem being what happens when you get multiple customers on the same auction - only one would end up paying you for the service.
Comments (1)
I have been using Powersnipe for a year and a half now and it's good but these systems cannot guarantee you a win at the price you want. The advantage with sniping is that you place your bid right at the end of the auction so you don't reveal your hand - as they say. If you put a bid in with 6 days to go then the other interested parties have a long time to think about beating your bid.
Yes they work the same as a regular auction bidder except that you don't have to get up at 3am to place that bid at the end of an auction.
Powersnipe is a one off yearly fee by the way.
Posted by Simon Cox | March 18, 2005 9:27 AM