I'm developing a penny auction website for local market http://www.lelanggokil.com/. The auctions are not even started yet and I'm already getting money (albeit small). But I'm still at loss since the marketing cost (FB Ad and AdWords) outweigh the profit (I spent about $40/day for the last 2 weeks).

The website actually acts as a proof of concept as I plan to white-label it (that's why the stuff being auctioned are not expensive). But if the PoC works, I will focus on it.

My problems so far: - Credit card and PayPal are very rare, I must rely on manual work (user banks in, I check my bank account balance, I approve/reject) - Negative sentiment against penny auction - Customer support (manual work)

To be honest, this is my first non-consulting real personal project (that is, a product, spends money, gets money). So even if this project fails, I still learn from it and reuse a lot of its software parts.