Chat seemed most suitable for this.
I am making this thread to see everyones' opinions on this to see if I should continue with the idea, change the idea around, or just not even do it.
I already have the Auction Script and a vB forums. Just need to purchase hosting and domain.
Anyways!
What is a Penny Auction?
Sites like Beezid and MaxBids or whatever tend to use penny auctions as a great way to make revenue, considering the fact that they don't sell an item, unless it's brought in profit. You buy bids, and they have fake accounts that win if the bid doesn't get high enough, and they always put a bid on standby if it isn't getting enough traffic. That tends to be the down side of Penny Auctions, but we won't be doing that by any means. I just wanted to clarify this point in case anyone tries to make it.
Penny auctions are basically where you buy bids and you bid by the penny. You can walk out of it with a maxed Runescape Account for $10. Now, you may be thinking, well how does the seller benefit from something like this? Well, as we all know, our profits will be based off of bids purchased. I understand that originally people won't be necessarily buying bids instantly. So, I got a better scheme. People are allowed to sell accounts via PA no mattter what forum they are on, so it should be the same with this. By getting people interested in your account and registering through your referall link, you both recieve a free 20 bids or so (haven't decided).
Anyways so let's say you buy 100 bids for $10.
.01x10.00= 1,000. 1000 Bids = $100 so that is how much we would give you for the account. Examples could be totally different with this of course.
Gaming Markets we want to break out to:
Runescape
LoL
WoW
ESO
Diablo III
Guild Wars 2
If you have suggestions towards security or any other sort of feedback, please comment. Thank you.