We can unequivocally tell you that no, DealDash is not a scam! There are generally two reasons why people end up on our site looking for an answer to this question:
- They’ve never bid or played on DealDash.com before, and upon arriving at their site they see the low prices things are selling for and immediately jump to the conclusion that it’s a scam.
- They have actually bought their first bid pack and bid on a few auctions, haven’t won any of them and then immediately jump to the conclusion it’s a scam.
Neither of these is accurate! We understand why these two things might lead you to believe DealDash is a scam, but both of them simply come from a lack of the full picture of how things work on DealDash. So let’s start with the basics (and hopefully to help you understand what dealdash is)
You Have to Pay to Place Bids on DealDash
Let’s say you show up at a DealDash auction for a new iPad, the auction price is $0.00 & there are only 5 seconds left on the auction…and you want to place a bid. Your bid only increases the “current price” of the auction by a single penny, making the new selling price: $0.01. It also resets the timer of the auction back to 10 seconds. Lastly, and probably most importantly, you have to pay to place that bid. The cost of bids on DealDash comes out to roughly $0.15 per bid. So you pay $0.15 to place your bid, which only ever increases the bid of the auction by a single cent.
Let’s extrapolate that out to make even more sense of things. You arrive at an auction for an iPad that’s current selling price is $90.00, and the auction ends with no new bidders (as an auction can only end if nobody places a bid during the last 10 seconds of the auction, as any bid within the last 10 seconds resets the auction timer to 10 seconds again).
If the price of an auction is $90.00 and each bid only increases the auction price by $0.01, that means 9,000 bids were placed on that auction. If each bid placed costs $0.15, we have to multiply those two figures together. So $0.15 x 9,000 = $1,350. So while the winning bidder only has to pay the auction price (and whatever they spent on each of the bids they placed) DealDash is actually getting $1,350 in revenue for that iPad.
That covers point 1 from the two primary concerns above. Let’s move onto the next concern:
You Won’t Win Every DealDash Auction You Bid On
In it’s own right, it seems painfully obvious that you cannot win every auction you bid on. However, once you’ve bid on an auction it’s more reasonable to understand the frustration of not winning, as you paid to bid on that auction and now have an emotional attachment. “I spent money, and I don’t get anything for it?!” – see what we’re saying?
Some of the bidders on DealDash are referred to as “power bidders” and these guys bid all day every day. Some have spent over $100k in the past 12 months alone (if you’re using Bid-Ninja you’ll be able to spot these bidders using the Bid-Ninja Analytics for DealDash Bidders ).
Jumping into an auction, placing $5 or $10 worth of bids and then hoping to win is more than likely not going to cut it, especially if you’re bidding long before the item that you’re bidding on has ever even typically ended (again, something you can easily see within the Bid-Ninja software).
If you get a decent strategy for playing on DealDash together (first of which should most definitely be arming yourself with Bid-Ninja), have a decent enough number of bids in your account to “go to the distance” with, and practice playing enough you’ll win an auction. If people didn’t win auctions on DealDash they:
- Wouldn’t have anybody playing on their site (read as: no customers)
- Bid-Ninja wouldn’t have any people using our software (read as: we’d have no customers)
- They’d be out of business yesterday
- We’d be out of business yesterday (and we’ve been around for almost 5 years now!)
The point is, we understand that emotionally it may feel like you’ve just been ripped off and you take to the web to search for others with a similar story of woe (and you can always find like minded people, regardless of how erroneous the belief), but understand that it’s simply emotional. DealDash isn’t a scam and we hope that we’ve helped to clear up the “how’s and why’s” behind the two most typical reasons for thinking it is.