penny auctions idea for the board here

Penny auctions

Example 200.00 worth of supplements We get a minimum of 20 people to buy 10.00 worth of bids, they get 10 (1 penny Bids)With the minimum 20 people purchasing 10.00 each the supplier gets his money.

Everything over the 200.00 is profit for the board.

Members can purchase more than 10.00 worth of bids, more than 20 people can join The bid for the auction starts at 0.00 and every bid raises the cost of what’s being offered by 1 penny

The auction will be started at a specific time members can log in at and bid on the chat box for time accurate bids to be accounted for. If members miss the time the auction starts they loose their money for that auction and the bids. All payments are made and collected before the auction starts.

The auction will be monitored by a mod or owner to ensure the winner is picked correctlyThe auctions will go for 10-15 mins and the last bidder gets the supplements being offered, they will have to pay whatever the bid reached plus shipping.

So basically everyone pays to play at a specific time and before the auction even starts the minimum has already been collected for the supplier of the supplements. Then the extra bids and price of the auction at the end is all profit for the board. Members can get 200.00 worth of supplements for a couple of bucks plus shipping.

So there’s a 1 in 20 chance of getting huge savings on products being offered on the auction and if you loose you only loose 10.00 so its worth it to play.

Chime in on what you think and if enough people are interested the mods will get it organized.

Sounds great!

Ill put up (3) 12oz bottles for auction when members feel a need for this