Its like Ebay with lower prices and a different kind of system. I’ll explain. They present the site with a page showing lots of absurd deals; ipads for $3.00, TV’s for $4.00. Then they ask you to put bids on the items. Each bid is a couple of cents more than the previous bid.
Here is the catch, before you start you pay the site for a set amount of bids, around $60. Then you can begin bidding on any items they have on auction, each bid is like 5 cents. But the other catch is, each bid costs you money even if you don’t win.
This site could save you a lot of money, but it is risky. How many bids are you willing to put in? How high a price do you want to pay? And when is it actually saving you money?
This is up to the buyer.
If done right you could save a lot of money, if not then its pretty much a casino.
We are a different class of college students every Spring. Together we explore what it means to do business in a "Web 2.0" world. Technology, new businesses, cutting-edge trends, we cover them all! 
