Much has been said about the demise of penny auctions. The number of scams that had arisen from this industry didn't do much to stop the doom and gloom outlook of many people.
After a tumultuous period that saw many penny auction companies die out, there are a few that still live on and are still thriving.
The same has been said about the radio and the television, but they are still far from extinct today. Charles Darwin was right to note that only the strongest will survive. Many have hopped on the penny auction bandwagon, most of them hoping to cash in on the craze. After the fad had died out, the only ones remaining were those that took the industry seriously and those that had invested heavily into the business.
Does the horizon still look bright for the humble penny auction? I don't really know the answer to that, but I can surely say that it would be too early to write them off.
After a tumultuous period that saw many penny auction companies die out, there are a few that still live on and are still thriving.
The same has been said about the radio and the television, but they are still far from extinct today. Charles Darwin was right to note that only the strongest will survive. Many have hopped on the penny auction bandwagon, most of them hoping to cash in on the craze. After the fad had died out, the only ones remaining were those that took the industry seriously and those that had invested heavily into the business.
Does the horizon still look bright for the humble penny auction? I don't really know the answer to that, but I can surely say that it would be too early to write them off.
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