9/4/2023 0 Comments Deal dashI have heard the theory that there is a cabal of elite Deal Dash users winning all the auctions so that they can resell the items on Ebay for profit. You might be wondering about the people who are winning thousands of auctions, what are they doing with their winnings? The answer is critical to how Deal Dash works, and it isn’t what you expect. If we assume each bid costs $0.12 (which is a reasonable price for bids), UncleTan used over $1000 worth of bids to win a single $479 item. This is a recent example where UncleTan won an auction by bidding over 8000 times on an inexpensive laptop. They will throw down thousands of bids exceeding an item’s value just so you will never try to challenge them again. Their reputation is what makes them so successful. If you’re bidding against one of these professional auction bidders, you’re going to lose. The top 1% of winners win 60% of all auctions. This is because the same handful of people are winning most of the auctions. You’ve certainly seen the name UncleTan before. If you’re already active on Deal Dash, you’ve probably noticed a trend where the same people are winning every auction. This doesn’t mean they are bad products, only that you know nothing about them Which makes it difficult to tell what they are worth. And their facebook pages are mainly empty, with an impossiblely high number of likes. They have generic shopify hosted websites. Try to learn more about these brands and you see the same patterns. I believe the following is at least a partial list of brands made in house and specifically marketed to be used by DealDash. It’s difficult to determine what all the DealDash products are, because they are designed not to be publicly associated with each other. Almost all of the products they make are manufactured in China and sold exclusively for. In summary, The founder of DealDash is also the chairman of Galton Voysey. You can find a complete takedown of the company and its relationship to Dealdash. You’ve probably never heard of Galton Voysey, but you’ve definitely seen their products while browsing through. Is DealDash really giving away over half of their items at a 90% discount?Ĩ0% of all Products listed on DealDash were made by companies associated with DealDash 54% of auction winners save 90% off Buy It Now Prices or more. This makes it different from what you would expect from a typical auction. Even the people who don’t win end up losing money. Since bids aren’t free, there really is no upper limit to how much money someone can inadvertently spend on an auction. The end price includes two factors: The price of the item it was bid up to, and the cost of each bid spent on the auction. This is very important and we’ll come back to it later. We can see that the retail price, used for comparison, is the “Buy It Now” price. Let’s dive in to see if DealDash is as legitimate as their claim. Yet they have been going strong since 2009.Ī website that has to put “Fair & Honest” in its own title is already a little suspect. Obviously this sounds too good to be true, and if it were true it would be a terrible business model. You can win that high end electronics device for mere dollars! Over 90% off retail prices!
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