So, I recently came upon yet another up and coming mlm company who call themselves Quibids.com, and oddly enough, they are considerably the mlm company of its kind. Quibids.com is actually a penny auction web site coming out of Oklahoma City, OK

You would think, considering that they are really just Dubli in a different package that they would be more popular, but oddly enough, there hasn't been much buzz; at least in my neck of the woods. Auction site mlms aren't exactly something new, in fact, they are sort of the 3rd and 4th generation eBay's, although typically promising their goods; especially large, high end expensive items at really low prices. To give an example of how this kind of thing works, lets say you want a Sony Playstation 3, it retails for about $249.99, but you see a winning bid on Quibids for $19.99. Unbelievable discount right? Well its a bit misleading..What actually happens is, you are only able to bid a single penny at a time during the auction, and with Quibids, every single cent you apply will cost you 60 cents. Sound weird, and don't completely understand? Well don't worry, I don't either. While it is true, that you can essentially win the item for a cheaper price than what you would pay in a mainstream store, the discount won't even remotely resemble the winning bid you see on the auction.

I wouldn't say that Quibids is a scam though, its just another form of marketing fluff packaged to look a little, or alot better than it really is. Also similar to Dubli; no matter what happens, auction sites like Quibids require you to pay for the option to bid, but not in increments that are right for you. The effect is; the price is forced up, and Quibids makes a profit regardless. Another drawback is that unlike eBay, there is no exchange monitor, no 3rd party to oversee the deal, Quibids is the seller and the auctioneer, and no matter how the deal goes down, it will work out beautifully, for them. Much like eBay, you're offered a “By It Now” option, which allows you to take the total amount of your failed bids and apply them toward the retail price of the item you were bidding on. I'm afraid based on my research alone, I really don't entirely understand the processes, but I am left with the impression that it is probably more complex than it should be. That could be because they themselves don't have solid systems worked out yet, or it could even mean that they just don't offer a stable enough auctioning environment to truly be live and compete, but you will find many mixed reviews, full of both praise and damnation.

I think the best thing to do when considering getting involved with an autcion site is to do as much research as possible, especially if your money is involved. One basic Google search brings up a whole lot of "scam" in the results, and if that many people ar enetering in the term, and aren't sure, that pretty much would be enough to stop me from applying any dollars. Its interesting to note, having utilized information already on the internet; these domain names are currently for sale:

HighBids.com ($1,000) LeftBids.com ($350) GoldBids.com ($1,490) DirectBids.com ($1,395) MakeBids.com ($1,000) BidsAt.com ($1,895) LastBids.com ($1,788) HelpBids.com ($1,795) WireBids.com ($1,888) CapitalBids.com ($500) WholesaleBids.com ($499) AnimalBids.com($1,999) BondBids.com ($599) CanadianBids.com ($499) CellularBids.com ($1,888) PureBids.com ($1,250)

It has kind of a funny way of showing how successful the concept is....

QuiBids LLC
4 NE 10th Str. Suite 242
Oklahoma City, OK 73104
Phone: 4052533883
Fax: +1.4052533883

One must exercise intense caution and divine common sense when coming upon this kind of company. Dollars fall like rain drops from the wallets of the addiction prone. Many eBay users and gamblers find solace in the house of Quibids, giving dollars in turn for the chance to click on items that they can never actually win without paying full price. Such is the way of a good scheme, to assassinate one's better judgement through the use of addiction, reassurance of fortune or success, and the weight of ones own gullibility. Beware the scam clan, the penny auctions which go by many names, and are often run by the same masterminds. What fool would pay for betting points to spend against bots which are programmed to bid against you and jack up the price of the item? What then, when you have spent your point package and still fail to win the auction on the very item you hoped to attain? Will you spend more money for more points for more losses for more chances? Insanity, says I. Slice through this nonsense with your katana, and never look back.