Is Beezid Legit or a Scam?

This article is in response to questions over the Internet on various regarding online entertainment such as Beezid seeking to know whether they are legit or scams. This an unbiased review of Beezid. In case you are familiar with Beezid, Beezid is an online entertainment shopping and auction site. The main difference between Beezid and eBay is that Beezid auctions their own stuff. They are unlike eBay where third parties sell their own stuff. Most of the items sold on Beezid include electronic and electrical gadgets. At Beezid, you will find game consoles, digital cameras and High Density televisions.

In order to bid at a Beezid auction, you have to pay. Payment is made by purchasing a bid pack. Bid packs are sold in packs of 30, 50, 100, 200, 350 and 500. The cost of each bid ranges from $0.6 to $0.9. At Beezid, one can purchase an item at almost 60% or less of the retail price. This is the issue that whistleblowers on the Internet have with Beezid. They simply cannot understand how it is possible for you to acquire an item at about 50% less than the retail price. How, one might be tempted to ask, does Beezid survive at such ridiculous prices. For example, as at the time of writing this article, a quick scan of the Beezid website revealed that somebody has just won a blue Ray DVD valued at $34.95 for a mere $0 .35. Situations such as these lead the skeptics declare that Beezid and similar websites are scams. However one must understand the scienceā€¦ and math behind these websites. For each item that is won at an auction, they are usually hundreds if not thousands of bids. Thus, let us take the example of the Blu-Ray DVD. In this particular case, this was a penny auction meaning that the price per bid went up by $ 0.01. Therefore, the final auction price of the $0.35 translates 35 bids. At an average cost per bid of $0.8, it means that Beezid ended up making $28 for this product. Nobody knows the profit margin for this item at a retail price equivalent to $34.95. Therefore, even if Beezid lost, it was likely a very small loss. This is just one example and note that there are numerous items on sale at Beezid that make a huge profit when you take into account the number of bids and the cost of the bid. In fact, over all, they actually end up making a profit cumulatively.

Therefore, before you run off and begin screaming “scam”, you need to take a closer look at the math. This is a legitimate business and numerous people have acquired excellent items at a great bargain. However, it is akin to gambling. In order for you to win at Beezid, you need an application that helps you navigate the complex maze.

Source by Jason Cooper

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