Showing posts with label Auctions. Show all posts
Showing posts with label Auctions. Show all posts

Monday, December 12, 2011

Cigar Sniper

Okay, the Social Cigar thread got contentious, with lots of accusation, invective, and slights against the stereotypical behaviors of a certain race/religion. Let's discuss this on the likely facts, please.

First of all Famous Smoke is a business, and their goal is to make money. As a business, their job is to separate a man from his cash while providing that man with incentive to keep parting with that cash. That's their prerogative. So let's not start throwing the greed label around. Your local B&M is trying just as hard to get into your wallet.

The Cigar Sniper format may let one guy buy a box of cigars for $10 (plus the $20 in bids he used to snag it), but hooks in the other 4-5 guys that dropped $20 in bids to roll that into paying the fuller, more profitable price for the box of cigars. The guys that only put $2-5 in bids on the box will likely just leave that $$ on the table for Famous to collect (pure profit, cha-ching). All in all, a profitable venture.

Just not off me. The success of the Cigar Sniper format will depend on wealthy idiots and guys that can't do the math, and I am neither.