Price: .12 cents to .60 cents per bid
Owners: William Wolfram
Overall Rank: 6 out of 10
DealDash, Product Overview
Is DealDash a scam? I will try to establish this company’s merit or the lack of it, in this review. DealDash is a online commerce site that is mainly know as a penny auction site. It was founded in 2009, by William Wolfram. It is the longest running penny auction site going and is based out of Minneapolis, Minnesota.
They have over 4 million registered users on their site. That’s a pretty good base for a business.
On a odd note, DealDash also owns DealDashReviewed.com, where they collect testimonials and reviews of people that have used DealDash. Seems they want to drive home the point that they are legit. It also seems that they have articles that advertise and obviously try to steer customers to start bidding on.
It’s kinda weird and misleading for an established business. I originally thought it was a legitimate review site about DealDash, but it’s not.
DealDash and other penny auction sites have ingeniously turned shopping into a actually game, and millions are playing these risky games. We all know shopping can produce highs in people, whether finding a really good deal or just finding something awesome that looks good on you. But couple this with turning it into a game, bringing out the competitive side of people and you got interesting conglomeration of both market that sure to hook a lot of people and get the fun maxed out.
But with Deal Dash, it’s slightly less risky than other penny auction sites. Odds are more stacked in your favor. Check out my other two online penny auction reviews here, Is Quibids a Scam? and Is Beezid a Scam?
What are Penny Auctions?
Penny auctions are also called bidding-fee auctions. That’s where bidders use a pay-per-bid.
What are you asking, is a pay-per-bid? Well, it’s where every time you place a bid you pay the penny auction site money. More simply put, “You Bid, You Pay.” Usually the bid amount starts at $0.00 and goes up .01 cent with every bid. All the while some kind of countdown clock ticks away. The countdown clock resets back to a certain time with each bid placed. The last highest bidder wins auction when the clock reaches zero. There is no guarantee your going to win anything! It’s possible to lose all of the money you placed while bidding.
How Penny Auctions Make Money
To understand DealDash, we need to first understand how penny auctions make money in general. To the novice penny auction bidder, it seems DealDash is selling merchandise extremely cheap. But in reality, this it is not the case.
For every penny you see in the auction price at DealDash, at a minimum there is at least .12 cents behind that amount and as high as .60 cents. Say an items sells retail for $100.00 and the auction ends at $10.00. So it takes 1000 bids to reach $10.00 at a penny a bid, at the lowest bid cost per bid amount (let’s say.12 cents). So 1000 X .12 = $120.00. That’s not too bad right? Plus you have to figure shipping is always free at DealDash too.
But all auctions don’t sell at the .12 pay-per-bid amount. Some people buy bid packs at .60 cents. This is where the profits really add up for all penny auction site. We will do the same scenario, as above but assuming people bought the highest pay-per-bid amount, .60 cents. 1000 X .60 = $600.00 on a item that retails for $100.00.
Now, DealDash claims they lose money on most auctions they run. (Great news for bidders!!) Deals to be had! In the end, it balances out and the profits DealDash makes are comparable to those of traditional web shops. I would tend to believe them based on the sales they run on bid packs.
How It Works At DealDash
In the beginning…you must first register and set up an account. Then you must purchase bid packs, they need to be first purchased prior to bidding on any item. All DealDash auctions start at $0.00. Each bid adds .01 cent to the price and resets the timer back to 10 seconds. When the timer runs out the last highest bidder wins the auction. You also have to pay the final ending price of the auction on top of the bids you spent winning the auction.
The Good & The Bad
- No Membership Fees!!!
- Shipping is Always Free!!!!!
- If you bid on a auction and didn’t win it, instead of just losing your bids, They give you the option to buy it now from their store, this is called Buy it Now. You pay the full retail value. As soon as you purchase the item, they give you your bids back. I think this unique and a good thing, if you really wanted the item, with the hopes of getting it cheaper by working the system.
- DealDash claims on average you get 60%-99% off of Retail.
- 90-day full money back guarantee on the first Bid Pack purchased. This is a good deal, DealDash!!! No risk people!
- This has good and bad points to it, but it’s mostly good in general for the users of DealDash. It is that members are only allowed 9 auctions per week maximum. The system won’t allow you to bid once you reached the limit of 9 auctions.
- The ability to earn Free Bids, you can earn free bids by being the highest bidder. When you are the highest bidder a clocks countdown to specific times. When you reach zero on the clock you receive Free Bids. This is a form of encouragement to get you to bid more.
- Bidbuddy. Bidbuddy is automated programs that strategically places bids for you. DealDash gives bidders the option to use Bidbuddy on all auctions. Bidbuddy waits until the last second to bid for you. You set the limit of how many bids you want to use. According to DealDash the majority of auctions on DealDash are won by using Bidbuddy. Newbies take note!
- No Reserve Prices.
- Outstanding Customer Service, they are quick and helpful, resolving problems in jiffy. Many reports of people getting their first bid pack purchase money back.
- The price you pay for bids vary! DealDash runs specials throughout the year. (aka sales) The base amount is .60 cents per bid but they have as Low as .12 cent per bid and at the time of writing this article it is at .13 cents per bid for the weekend. I have seen some companies in the penny auction market as high as .90 cents!! So, .60 cents maximum down to .12 cents for a low. Watch for them specials!!
- One of the “Big Guys” in the world of penny auction sites and has been around the longest. Which speaks to the DealDash’s reputation.
- When bidding, it shows the last four ending auctions prices for that particular item, with amount and users names. Gives you an idea what the average auction price is for that item.
- Brand names products. Some high priced items.
- There is a learning curve to using DealDash, just as all penny auctions sites. Can be confusing and misleading to new users.
- They do not ship to Hawaii or Alaska, or other countries.
- Easy to lose money.
- Lots of people lose money for one person to get a great deal.
- DealDash earns ridiculous amounts of money on items. Often times far exceeding the retail value.
- Must be a resident of the U.S.A.
Who is DealDash For?
Are you looking to try and get a great deal on a particular item? Do you love shopping and also love auctions? Do you like risking money in the object of trying to get a fantastic deal? If you do, then I think DealDash is for you then. It sure seems people enjoy the allure of trying to get things cheap. Its fun! I can understand why.
I believe newbies need to be ultra aware of how penny auction work and I think DealDash would be a good penny auction site to start with. Being they have a 90-day full money back guarantee on the first bid pack you buy. A good place to get the toes wet and do a little exploring into the world of penny auctions without the scam.
DealDash Tools & Training
They have a Tactics and Tips page. Which gives you 8 rudimentary tactics, but it’s better than nothing and it’s a start.
Their support is fantastic as far as I can tell. Tons of reviews detail how they got their money back.
The most you will pay for a bid pack here is .60 cents. Which ain’t bad. The least I have seen at DealDash is .12 cents per bid. Which is SUPER GREAT in the world of penny auctions. So you obviously want the lowest one (.12 cents). DealDash is very transparent about pricing (as shown below) showing us the amount of bids for amount of money and also how much we are paying for each bid. They do a good job of breaking it down, so its easy to read and understand and also saves you from doing basic math. Again, the lower the amount for each bid the better. More bang for your buck.
During this sale, they keep the pay-per-bid at the same amount, at .13 cents.
My Final Opinion of DealDash
DealDash definitely has the lowest pay-per-bid in the field of penny auctions. As low as .12 cents. I would never purchase .60 cents pay per bids, EVER!!!!!!, Why, when you can get as low as .12 cents.
Fair And Honest Auctions? I would say a lot more than their competitors. That added with the 90 day full money back guarantee it’s sure is attractive. I think the odds are stacked in favor for most users, more than other sites. Would I recommend them to friends and family, maybe to the right person.
DealDash at a Glance…
Owners: William Wolfram
Price: Various depending on what Bid Pack was purchased (.12 cents to .60 cents per bid)
Overall Scam Rank: 6 out of 10
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