like pisobid.com!
but, if not many people bid and for example I
win an XBOX 360 for just 0.001 BTC you would be out of business in no time
![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
Yes that's the risk, which is why many penny auction sites ARE scams because they can't afford to give away a $500 product for pennies. Thats why my site is mostly filled with used products, every now an then I post new inexpensive stuff, but i guess my offering arent attractive enought to generate interest.