The site also does not require any subscription fees from the customers. Shipping for purchased or won items is free of charge. Paying to participate in the product bidding not only covers the product sale price but also avoids spammers and fraudulent customers. The distinctive concept of DealDash is to offer a pay-to-participate customer experience, unlike other free auction sites. Today the platform has a user community of over 8 million. William Wolfram founded the penny auction site back in 2009 with a modest initial investment of $500,000. DealDash does not charge any subscription charges from the customers moreover, the shipping for all items is free. The highest bidder wins the item if there is no challenger for the ongoing bid. Each product auction starts with $ 0.00 and with each participating bid the price increases by $0.01. The business model of DealDash works on an online auction-to-win the item basis. The distinction of the platform is that the e-commerce platform works with the auction business model. It offers products for buyers through an online platform. It was founded by William Wolfram in February 2009. 7.4 4) The Cost of Falling behind Technology:ĭealDash is a leading penny auction online platform based in the United States.7.3 3) Keeping the customer base Intact:.7.2 2) Legal and Regulatory Compliance:.6.3 3) Increased Sales through Social Media Marketing:.
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