Comments on: Swoopo get more legit … sort of http://www.mightybargainhunter.com/2009/08/29/swoopo-gets-more-legit-sort-of/ Helping readers to use bargains wisely since 2005 Sun, 12 Feb 2012 16:24:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kawika http://www.mightybargainhunter.com/2009/08/29/swoopo-gets-more-legit-sort-of/comment-page-1/#comment-240495 Kawika Fri, 09 Jul 2010 23:16:52 +0000 http://www.mightybargainhunter.com/?p=1777#comment-240495 I am glad to see Swoopo develop a feature like "Swoop it now". Though they guarantee that ANY number of people can take advantage of swoop it now and get the item for that price, and they have enough in stock to get it to everyone. But they don't mention what happens if they DO run out. what happens if 20,000 people try to buy a gold bar at the swoop it now price and they don't have 20,000 gold bars? I am glad to see Swoopo develop a feature like “Swoop it now”. Though they guarantee that ANY number of people can take advantage of swoop it now and get the item for that price, and they have enough in stock to get it to everyone. But they don’t mention what happens if they DO run out. what happens if 20,000 people try to buy a gold bar at the swoop it now price and they don’t have 20,000 gold bars?

]]> By: Shamoon Siddiqui http://www.mightybargainhunter.com/2009/08/29/swoopo-gets-more-legit-sort-of/comment-page-1/#comment-188967 Shamoon Siddiqui Fri, 11 Sep 2009 13:36:44 +0000 http://www.mightybargainhunter.com/?p=1777#comment-188967 The Swoop It Now feature is really interesting because it gives bidders a chance to use their bids even if they don't win. However, this shift in business model indicates that the original model was not entirely sustainable and therefore had to be changed at some point. As the Founder of a Swoopo-competitor, I'm glad to see constant innovation in the "Penny Auction" space because it means we're not all out of ideas.. at least not yet. We innovated with PriceDrip by allowing people to essentially set their own tolerance levels by using the standard "highest bidder wins" model for an auction. I'm really excited to see what happens next =) The Swoop It Now feature is really interesting because it gives bidders a chance to use their bids even if they don’t win. However, this shift in business model indicates that the original model was not entirely sustainable and therefore had to be changed at some point. As the Founder of a Swoopo-competitor, I’m glad to see constant innovation in the “Penny Auction” space because it means we’re not all out of ideas.. at least not yet.

We innovated with PriceDrip by allowing people to essentially set their own tolerance levels by using the standard “highest bidder wins” model for an auction. I’m really excited to see what happens next =)

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