Wondering if Quibids is a Scam?

Nothing in life is free

Hearing that you can get items that are worth hundreds of dollars for a fraction of the price might sound a little unnerving to most. How else could a company stay in business if they sold products at prices far less retail unless the products are knockoffs or the company is indeed a scam? Is Quibids a scam because they offer these types of promotions to their customers? The short answer is no and here is why.

Quibids is a for-profit business

Like any other company they need to generate a profit or won’t be in business for long. That said, the company is very diligent about cautioning players to recklessly jump into auctions. Users that don’t listen to this advice and rush in, normally regret the decision.When playing penny auctions, you are agreeing to enter into a win-or-lose contest. If you bid for an item and don’t win – you’re still out the bids spent in the auction. On the other hand, if you are the top bidder on a product, you may save a ton of money! Losing bids that other customers place are then used to cover the cost of the product and operating costs of Quibids.

Opportunities abound on Quibids

Remember that penny auctions provide excellent opportunities to win products at deep discounts, but there are other people trying to do the same thing. You’re not the only one playing! So be smart and patient, and be sure to do your research.

Those that raise the question

Is QuiBids a scam, are often the ones that have lost an auction at some point or another and have lost money because they didn’t know how it worked.  Others might think it’s a scam because they simply don’t know what the penny auction giant really does. If you’re part of the second category, we suggest you check out our post on what Quibids is.Once again, if you learn how to bid smart and understand how the system works before jumping in the ring, you are less likely to wonder if quibids is a scam and more likely to come out successful with a brand new product that you purchased at unheard of discounts.

If you are still wondering

Whether Quibids is a scam, perhaps think about it this way. Imagine applying for a job against stiff competition. And despite your best efforts, you are not selected. Would you consider the application process a scam? Probably not. Instead, you’d probably refocus your efforts to improve your interview skills and try again!

There are two ways to increase your opportunities to win and level the playing field: one way is to do your research beforehand; the second is to invest in the tools to win.

Also …

• Avoid the temptation to impulsively bid and chase products
• Carefully choose which products you want to win, develop a good strategy, and stick to it

Software such as Bid Ninja can help

By collecting, storing, and analyzing stats from millions of Quibids auctions over many years, Bid-Ninja can help you make smart auction choices before investing your money. In addition, Bid-Ninja’s BidBuddy and Auction Tracker keep everything organized by reducing the time spent on the computer trying to win.

Below is a short video demonstration of Bid-Ninja in action on a quibids auction here, or you can check it out below:

So,we do not believe Quibids is a scam. Rather, we strongly believe Quibids provides opportunities to save money for those who put time into knowing their auction competition and the items on which they’re bidding.There will be many “easy” auctions to win and many not so easy. Do your homework and you can be successful. We’re here to help!