With the popularity of sites like Swoopo, there are a wide variety of softwares that are currently available in the market that allow you to launch your very own Swoopo clone in minutes. All your need is a hosting server with the right scripts and softwares installed on it to run the script, an ISP and a domain name and you are off and running with your very own Swoopo clone site.
These softwares allow you to run bid concurrently in more than one country and allow your buyers to register and bid using the currency of their choice. Just like as the original site these clone scripts will allow you to simultaneously runs the same auction in more than one country. So for a product that is up for auction and you are bidding from UK, another buyer from US may also be bidding on the same. Although products are essentially the same the final brand that gets delivered for the respective country sometimes tends to differ.
Bid are actually purchased in packs and much like the original site which sells bid-credits in incremental values of 40, 75, 150, 500 and 1000 these scripts will allow you to sell bid credits to your buyers. You can set your own price for the bid credits and also minimum blocks of bids to buy setting your price for each bid.
The bidding process, programmed in most of these scripts is the same as in any standard penny auction site. With every bid the time limit of the auction increases and the price of the product increases by a pre-determined amount. The final price of the product that the auction winner pays is the price at which the auction time runs out. His total cost would be the final price of the product plus the values of the bids that he has placed times the individual bid cost and the shipping & handling charges which he would have to pay for the delivery of the product.
Just like any penny auction site you would also be making money through the process of not only the final sell price of the product but also the bids that have been placed. So, essentially you would make money both ways. Since bids are cross country an incremental bid in US which would raise the price of the product by US$0.12 would increase the price of the product on the UK site by £0.10 or whatever you may set for each country as the incremental price.
An interesting feature also available in some swoopo software is the bid assist or the bid agent or anything similar in name which is actually an automated bidding bot available to registered and logged in users of the site. This system when activated by a buyer will automatically keep posting bids when the last 10 seconds of the expiry of the auction is reached. That means it will keep on making the bid of the buyer the highest. However it is advisable to set a maximum limit to how many continuous bids this automated bidding bots can place otherwise the bidding can go on indefinitely. Theoretically, if there are two or more such bots fighting it out among themselves, the bot with the highest number of bids unused will win the auction.
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For gathering more info about a good swoopo clone and also about swoopo software, please check out http://www.phppennyauction.com