How does dealdash work

The online auction industry is right now developing, and DealDash is at the forefront right now. Its creative approach gives a vastly improved affair to customers who wish to acquire fresh out of the box new products and enjoy the thrill of online auctions. In early , DealDash started with auction-based e-Commerce business model from Finland. The business model was quite different from the ordinary auction and e-commerce platform, which raised How does DealDash Work?

Working of DealDash is like another penny auction business, earns most of the revenue by selling the bids. The bids are generally sold in packs of s and different sizes, the more one bidder bids the more money will be banked by the company.

On top of the value of the bids, the unalterable final price will be received by the company at which the product is sold.

The DealDash business model is quite simple, where the admin will be the one who will be listing different products on the platform for auction. To participate in the auction and to place a bid on the product, a user will need to purchase bids from a platform E. At the end of the auction, the winner user pays the final amount. As per the working of DealDash admin will also set the selling price of the product. At the end of the auction, there will be a win-win situation for admin and user both.

As admin will get the total amount from distributed bids, and the user gets the product at a lower price. As per the structure of the platform, Dealdash works in a way to generate major revenue from the bids purchased by users from the platform to participate in the auction in different stacks.

Along with encouraging repetitive bid purchasing. With the attraction of getting up to the amount very nearly in the quest ending the bids present with them and going on for purchasing another stack of bids. Another way being the end user will pay for the final auction amount whatever it sets on in a way getting the product paid for apart from bids as in many cases the products are also sponsored by companies to promote the product.

DealDash enables common people to get their dream products at a cheaper price, which they might not afford or which is very costly in the market by just placing the bids. The DealDash business model clarifies how does DealDash work, the key accomplices, key exercises, key assets, incentives, client relations, channels and client portions of DealDash. Take a look at the cost structure, and the income of DealDash covered in DealDash business model canvas.

There have been a lot of talks in the news about DealDash being a scam and not a legit company. So, this whole scenario begs one question, is DealDash a scam or legit? On DealDash — each — bidder pays the bidding charge — each — time they bid.

The cost? This also explains why the company offers free shipping. However, unlike other penny auction websites, DealDash also offers you an option of getting your used bids back if you choose to buy the product at the original price. This is what separates. DealDash has received a lot of criticism and has been often compared to gambling as people lose money on bidding.

Nonetheless, all of these terms and conditions are specified on the website and the people are well aware of the risk of losing money. Is DealDash A Scam? There are no proven reports of bidding computers or other shill bidding practices being used by the website. The website is often given a tag of being a scam after a not so fortunate bidder loses a lot of money in bidding. One should limit himself while bidding on these websites and the results will be a healthy and not so scammy looking auction.

Did we miss something? Come on! Tell us what you think about our article on DealDash business model DealDash scam in the comments section. A startup consultant, dreamer, traveller, and philomath.

Aashish has worked with over 50 startups and successfully helped them ideate, raise money, and succeed. When not working, he can be found hiking, camping, and stargazing. Yes, add me to your mailing list. This site uses Akismet to reduce spam. Learn how your comment data is processed.

I wonder what they were hiding it was big I did get to read a little bit before my phone shut down so thank you. You are way too kind. I believe they are just growing more and more.

Okay I am confused. I just downloaded this and I bid one bid on an item and it said I won. So did my one. The site offers auctions on almost anything, from home goods and electronics to jewelry, beauty, and apparel. However, the opportunity to snag such deals requires no small amount of luck, as only one bidder will win each auction and receive the item.

Unlike other auction sites, where one bidder wins the item, and everyone else loses the money they bid, DealDash offers a less risky experience for its shoppers. So, essentially, as long as shoppers only bid on items they would actually purchase at full price, there should be no real downside to participating in DealDash. The keyword is should , as there have been a fair amount of complaints leveled at DealDash.

Other features that set DealDash apart include from other e-commerce auction sites include:. DealDash also has unique gamification elements. For example, a progress bar on the site fills up every time a registered user becomes the highest bidder in an auction. So, how does DealDash actually work?