DealDash is a penny auction site with multiple desirable features. Here I discuss DealDash vs Quibids in terms of which auction is likely to give a better deal. I had previously written about DealDash as a Quibids alternative. There are several reasons why I think DealDash is a great Quibids alternative.
When you are looking for penny auctions, the first and most important thing to look for is whether it is 100% legit. Both Quibids and DealDash are legit. However, another important aspect of DealDash is the same Buy-It-Now feature as Quibids. This is in sharp contrast to other famous penny auctions like Beezid or BidRivals. I personally think the buy it now feature is great as it reduces risk. Both Quibids and DealDash have the Buy It Now feature.
However, I claim that DealDash is less competitive than Quibids and thus you are more likely to get a better deal. I showed one example in my previous post and someone remarked that it could be biased as they were taken at different times. Well, so I have decided to do a more thorough analysis of DealDash vs Quibids in terms of competition and auction end prices.
One thing that makes my comparison easy is that both Quibids and DealDash have the same price of bids. At both these sites, bids cost $0.60 each.
DealDash lists all the auctions and all the winners in one place, which makes it one of the most open penny auctions (there are others that do this too, like BidRivals) and easy to get the data. Quibids on the other hand is surprisingly opaque in this regard. The only way to get data off Quibids is to use the search feature and you get an idea of the recently closed auctions.
I am taking laptops and netbooks as my sample space for the analysis. These are valuable items and are sold at both these sites. The time is between 14th March 2011 and 15th March 2011: Monday and Tuesday.
For both the auctions, I am rounding off the cost prices of items. To analyze, let us define an Auction Ratio as Auction End Price/Cost Price. This is a useful index here because the bids are the same value of $0.60 and all are 1 cent auctions. For convenience, I express this as a %. Note that this Auction Ratio doesn't take the money spent towards the bids but only the final price. The lower the Auction Ratio, the less competitive and thus more profitable it is to bid on it.
For DealDash, the details are as follows:
To calculate the overall Auction Ratio, the total cost price of all items is $2900 and the total (sum) auction end price is $35.72. The Overall Auction Ratio is 1.23%
NB: To verify, here are the URLs:
http://www.dealdash.com/battle.php?auction_id=46758
http://www.dealdash.com/battle.php?auction_id=46725
http://www.dealdash.com/battle.php?auction_id=46723
http://www.dealdash.com/battle.php?auction_id=46650
http://www.dealdash.com/battle.php?auction_id=46614
Now to Quibids. The only way to get data for Quibids is through the search. Here is the same table for Quibids
To calculate the overall Auction Ratio, the total cost price of all items is $2832 and the total (sum) auction end price is $249.94. The Overall Auction Ratio is 8.83%
NB: To verify, here are the URLs:
http://www.quibids.com/auctions/273109509-MSI-10-Netbook
http://www.quibids.com/auctions/595038107-Asus-101-Netbook
http://www.quibids.com/auctions/473579399-Asus-Eee-PC-101-Netbook
http://www.quibids.com/auctions/858488388-MSI-10-Netbook
http://www.quibids.com/auctions/892482832-MSI-10-Netbook
http://www.quibids.com/auctions/170976630-Sony-VAIO-164-Entertainment-Laptop
To summarize, the Overall Auction Ratio of DealDash is 1.23% and that of Quibids is 8.83% in the sample space taken above - all laptops and netbooks at both the sites for 2 days. The data will obviously vary depending on the day. The only reason to choose these particular dates is because this is the only data available for Quibids (later data isn't available as of now).
It can now be said that in the above auctions, DealDash was about 7 times less competitive than Quibids.
Therefore if you are looking for general products available on both these sites, then DealDash appears to be less competitive. Be sure to Check out DealDash
When you are looking for penny auctions, the first and most important thing to look for is whether it is 100% legit. Both Quibids and DealDash are legit. However, another important aspect of DealDash is the same Buy-It-Now feature as Quibids. This is in sharp contrast to other famous penny auctions like Beezid or BidRivals. I personally think the buy it now feature is great as it reduces risk. Both Quibids and DealDash have the Buy It Now feature.
However, I claim that DealDash is less competitive than Quibids and thus you are more likely to get a better deal. I showed one example in my previous post and someone remarked that it could be biased as they were taken at different times. Well, so I have decided to do a more thorough analysis of DealDash vs Quibids in terms of competition and auction end prices.
One thing that makes my comparison easy is that both Quibids and DealDash have the same price of bids. At both these sites, bids cost $0.60 each.
DealDash lists all the auctions and all the winners in one place, which makes it one of the most open penny auctions (there are others that do this too, like BidRivals) and easy to get the data. Quibids on the other hand is surprisingly opaque in this regard. The only way to get data off Quibids is to use the search feature and you get an idea of the recently closed auctions.
I am taking laptops and netbooks as my sample space for the analysis. These are valuable items and are sold at both these sites. The time is between 14th March 2011 and 15th March 2011: Monday and Tuesday.
For both the auctions, I am rounding off the cost prices of items. To analyze, let us define an Auction Ratio as Auction End Price/Cost Price. This is a useful index here because the bids are the same value of $0.60 and all are 1 cent auctions. For convenience, I express this as a %. Note that this Auction Ratio doesn't take the money spent towards the bids but only the final price. The lower the Auction Ratio, the less competitive and thus more profitable it is to bid on it.
For DealDash, the details are as follows:
| Product | Cost Price | Auction End Price | Auction Ratio |
|---|---|---|---|
| HP Mini Netbook | $500 | $2.84 | 0.57% |
| Acer Aspire Netbook | $500 | $22.90 | 4.58% |
| Lenovo Ideapad Netbook | $500 | $1.46 | 0.29% |
| TimelineX Laptop | $900 | $2.37 | 0.26% |
| HP Mini Netbook | $500 | $6.15 | 1.23% |
To calculate the overall Auction Ratio, the total cost price of all items is $2900 and the total (sum) auction end price is $35.72. The Overall Auction Ratio is 1.23%
NB: To verify, here are the URLs:
http://www.dealdash.com/battle.php?auction_id=46758
http://www.dealdash.com/battle.php?auction_id=46725
http://www.dealdash.com/battle.php?auction_id=46723
http://www.dealdash.com/battle.php?auction_id=46650
http://www.dealdash.com/battle.php?auction_id=46614
Now to Quibids. The only way to get data for Quibids is through the search. Here is the same table for Quibids
| Product | Cost Price | Auction End Price | Auction Ratio |
|---|---|---|---|
| MSI Netbook | $314 | $0.69 | 0.22% |
| Asus Netbook | $410 | $0.82 | 0.20% |
| Asus Netbook | $368 | $10.14 | 2.76% |
| MSI Netbook | $314 | $49.25 | 15.68% |
| MSI Netbook | $314 | $27.72 | 8.83% |
| Sony VAIO Laptop | $1112 | $161.32 | 14.51% |
To calculate the overall Auction Ratio, the total cost price of all items is $2832 and the total (sum) auction end price is $249.94. The Overall Auction Ratio is 8.83%
NB: To verify, here are the URLs:
http://www.quibids.com/auctions/273109509-MSI-10-Netbook
http://www.quibids.com/auctions/595038107-Asus-101-Netbook
http://www.quibids.com/auctions/473579399-Asus-Eee-PC-101-Netbook
http://www.quibids.com/auctions/858488388-MSI-10-Netbook
http://www.quibids.com/auctions/892482832-MSI-10-Netbook
http://www.quibids.com/auctions/170976630-Sony-VAIO-164-Entertainment-Laptop
To summarize, the Overall Auction Ratio of DealDash is 1.23% and that of Quibids is 8.83% in the sample space taken above - all laptops and netbooks at both the sites for 2 days. The data will obviously vary depending on the day. The only reason to choose these particular dates is because this is the only data available for Quibids (later data isn't available as of now).
It can now be said that in the above auctions, DealDash was about 7 times less competitive than Quibids.
Therefore if you are looking for general products available on both these sites, then DealDash appears to be less competitive. Be sure to Check out DealDash
Very helpful! Thank you for the break down!
ReplyDeletePlease! This data is skewed because that Sony VAIO is $300+ more than the most expensive laptop there. Plus they overpaid for that VAIO. So realistically it is only 3-4x more crowded than deal dash
ReplyDeletePlease! This data is skewed because that Sony VAIO is $300+ more than the most expensive laptop there. Plus they overpaid for that VAIO. So realistically it is only 3-4x more crowded than deal dash
ReplyDelete