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[QUOTE]Originally posted by roger7485: [QB] Right, it is a site for gamblers. But why do you gamble? To make money. They want an easy buck. Well whats easier than buying a new car and selling it for 83% of 175% of its value(145.25%)? I mean hypothetically people could make endless money listing new cars and stuff...45% of the price of a car is no small profit either. I mean in the end the buyers get screwed and if they keep buying tickets then the site will be successful. If they wisen up and start listing things to make money, then i think the sellers will overwhelm buyers and it might crash. [QUOTE]Originally posted by baseballmaster: [b]Here is what i think.. The site is not for ebay users really. It is for gamblers. People that like the lotto...gambling online etc. This is not an auction site. That is why i like it. Sure you dont have instant gratification with some of the larger items and that is the problem i see with this site. Unless the site starts to mark down how much you can increase the value of an item sold it will be hard to close out the raffles. Then again they just started their advertising campaign. Not bad for a new company to have so many visitors, but we need to see the numbers dramatically increase after the commercials start running to build up a base of loyal return visitors. That is how ebay did it...then you will see the big ticket items close. I think what they really need is just one house/car to go off in the raffle. The make everyone in the US aware of it. Have a news crew go to the persons house or something and have it on the news during peak hours. HAve them on a morning show. Do u know what kind of response that would generate. You would probably have all you high ticket items sell out within the week. But the key is to get that one BIG ITEM sold. They should think about giving away something. Lets say you buy 15 tickets...you should automatically be entered into a seperate drawing for say a car. This item would be given away a lot quicker. The big problem is i go on to the site and see that a car still has 50,000 out of 51999 ticket to sell. In my eyes i say why eneter this raffle may never go off. sure i get my money back if it doesnt but why enter! I love this stock and i am holding 52,000 share for the long run, but this site has to become a household name for it to close out the big items. Anybody else agree???[/b][/QUOTE] [This message has been edited by roger7485 (edited June 17, 2004).] [/QB][/QUOTE]
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