Have you recently considered taking part in a penny auction? If you are, you can take some comfort in the fact that you definitely aren't alone. Penny auctions have slowly been increasing in popularity over the past year or so, and many people swear by them as an effective way to get great deals on products that usually sell for a good bit of money.
The one thing that you have to realize about a penny auction is that it doesn't work the same way as many of the online auction sites that you might be used to. Take eBay or many of the other auction sites that you are probably familiar with currently. With them, you simply bid on the product of your choice, and if you win, you win, right?
While others have the ability to bid against you, it pretty much comes down to who wants it more. With these kinds of auctions, you are in many cases able to set a maximum bid, which is the maximum amount of money that you willing to pay for an item, and then walk away from it. When the auction is over, you come back, and you are informed of whether you were lucky enough to win, or if someone else wanted it just a little bit more, and outbid you.
A penny auction though requires a little bit of strategy, which for many people is part of the appeal. Well, that and the fact that in many cases, you can get some really exceptional deals. The bidding is done in increments, and in many cases you don't have the option of setting a maximum bid, so having a bidding strategy in place is a great idea.
Each time that you place a bid, you have to pay a penny. The penny itself is non-refundable which isn't a big deal, right? After all, it's only a penny. However, if you have a weak strategy, and are involved in an active auction, you very well could end up spending a couple of extra dollars on bids alone, which could definitely add up over time. On the flip side though, because of the way the auctions work, and the fact that many people that participate don't have any strategy, you can often get the item that you are bidding on for far less than you could get it in either a retail store, or any of the traditional auction sites that you might stumble upon online.
If you've never been involved in a penny auction before, I highly recommend that you find one, and get involved, if nothing else, for the experience. In the end, I think you will be pleasantly surprised, and could very well walk away with a great item at a fraction of the cost you would normally pay.
Check out the Best Penny Auction Online
Thursday, November 25, 2010
Penny Auction Websites: Basic Tips And Winning Strategies
The idea of penny auction websites is fairly new but it's based on an old concept: a game of Brinkmanship, where each player's successive bid lowers the value of the prize, and the last player to decide to place a bid and lower the value of the prize wins that prize.
The overall goal of penny auctions is to outbid your opponent with the fewest amount of bids possible. This ensures the maximum value for your bids and leads to big savings.
Try these tips to help succeed in your next auction:
1. Define Your Goal: This is simple. Identify the product you want to win and stick with it. It's easy to get distracted by all the other great products but if you focus your bidding on 1 product at a time then you will have a higher success rate. Also, try starting with a less popular item for your first few auctions before you bid on some of the hotter ticket items. This will help you get the hang of things before trying the more competitive items.
2. Study Other Winners: It really helps to watch the people who know what they're doing at first. Try to study the main bidding strategies of the other winners and copy what works. As you participate in more and more auctions, you will begin to build your own strategic approach to the game. Just remember to find something that works and stick with it.
3. Be Determined: Do not give up when your lose. It can be easy to get discouraged or frustrated if you don't get what you want...but just remember that there is always another auction right around the corner! With a little practice, you will soon become a pro.
By building on these basic strategies, you can become a penny auction all-star today!
There are so many new Penny Auction Websites popping up that it is difficult to know where to start. Many websites offer legitimate auctions but some sites are just outright scams...
Best Penny Auction Website
The overall goal of penny auctions is to outbid your opponent with the fewest amount of bids possible. This ensures the maximum value for your bids and leads to big savings.
Try these tips to help succeed in your next auction:
1. Define Your Goal: This is simple. Identify the product you want to win and stick with it. It's easy to get distracted by all the other great products but if you focus your bidding on 1 product at a time then you will have a higher success rate. Also, try starting with a less popular item for your first few auctions before you bid on some of the hotter ticket items. This will help you get the hang of things before trying the more competitive items.
2. Study Other Winners: It really helps to watch the people who know what they're doing at first. Try to study the main bidding strategies of the other winners and copy what works. As you participate in more and more auctions, you will begin to build your own strategic approach to the game. Just remember to find something that works and stick with it.
3. Be Determined: Do not give up when your lose. It can be easy to get discouraged or frustrated if you don't get what you want...but just remember that there is always another auction right around the corner! With a little practice, you will soon become a pro.
By building on these basic strategies, you can become a penny auction all-star today!
There are so many new Penny Auction Websites popping up that it is difficult to know where to start. Many websites offer legitimate auctions but some sites are just outright scams...
Best Penny Auction Website
Penny Auction Sites - What Should You Know?
It seems that penny auction sites are for the most part popping up all over the place these days. With the popularity of penny auctions increasing with each second, hour, and day that passes, I think it's safe to assume that they are here to stay. This is something that we should all be excited about, as these auctions not only provide an opportunity to get some great items, but they are also very fun to participate in.
I guess the big question is, are all auctions created equal? Of course the answer to that question, is no. Just like with anything else, some sites are better than others, so it's important that you do a bit of home work before you decide on a penny site. Below you will find a few things to pay attention to.
1. Make sure to read the rules - Each one of the penny auction sites is for the most part owned, operated, and run by a different person, so it makes sense to assume that they have different rules. Understanding the rules is especially important if you have not participated in these kind of auctions before.
2. Read others experiences - In this day and age, you are able to find good reviews on just about anything. Everyone has a blog, Twitter, or Facebook account, and they often times use them to tell of their experiences with different sites and services online. So, if you search for the site that you are considering using, there is a good chance that you will get some feedback, either positive or negative.
3. Look at ended auctions - One of the first things that I like to do, is to study the results of some auctions that have already ended. This gives me a good idea for how much the items that I'm interested in might sell for, and whether it is in my price range or not. In most cases, an item won't sell for the exact same price twice, you can usually get a good idea of what a fair price is by looking at past auctions.
It's important to remember that there are quite a few penny auction sites out there for you to choose from, so you can afford to be a little picky. By making yourself familiar with the rules, other peoples experiences, and the average selling prices of items, you will for the most part be ensuring yourself the best experience possible.
Participating in penny auctions is supposed to be either a form of entertainment, a way to get a great deal, or for some people both. So, by doing your homework, and making sure that you are comfortable with the way the penny auction sites work, you will be giving yourself the best possible chance for a positive experience.
I guess the big question is, are all auctions created equal? Of course the answer to that question, is no. Just like with anything else, some sites are better than others, so it's important that you do a bit of home work before you decide on a penny site. Below you will find a few things to pay attention to.
1. Make sure to read the rules - Each one of the penny auction sites is for the most part owned, operated, and run by a different person, so it makes sense to assume that they have different rules. Understanding the rules is especially important if you have not participated in these kind of auctions before.
2. Read others experiences - In this day and age, you are able to find good reviews on just about anything. Everyone has a blog, Twitter, or Facebook account, and they often times use them to tell of their experiences with different sites and services online. So, if you search for the site that you are considering using, there is a good chance that you will get some feedback, either positive or negative.
3. Look at ended auctions - One of the first things that I like to do, is to study the results of some auctions that have already ended. This gives me a good idea for how much the items that I'm interested in might sell for, and whether it is in my price range or not. In most cases, an item won't sell for the exact same price twice, you can usually get a good idea of what a fair price is by looking at past auctions.
It's important to remember that there are quite a few penny auction sites out there for you to choose from, so you can afford to be a little picky. By making yourself familiar with the rules, other peoples experiences, and the average selling prices of items, you will for the most part be ensuring yourself the best experience possible.
Participating in penny auctions is supposed to be either a form of entertainment, a way to get a great deal, or for some people both. So, by doing your homework, and making sure that you are comfortable with the way the penny auction sites work, you will be giving yourself the best possible chance for a positive experience.
Tuesday, November 23, 2010
Penny Auction Secrets - How to Win iPads and Laptops for Nothing!
Penny auctions have quickly become one of the hottest trends, as people are becoming addicted to winning high-value, desirable products for virtually nothing. You'll often find winners of iPads, laptops, and other consumer electronics who paid under $15 for something that would normally cost several thousand dollars. And everything is brand new!
Take an Apple Macbook Pro. This is one of the most popular laptops on the market that can cost over a $1,000, yet hundreds of people are obtaining these for $12.97 or less on penny auction sites. How are they doing it?
There are certainly strategies to win penny auction items. As they become more and more popular, more and more people are on these sites competing with you. But you can outsmart the 95% of auction players and members who have no strategy at all.
One of the best strategies if you are highly interested in obtaining a product for virtually nothing, is to bid on products where the auction expires in the middle of the night. In most cases, there is very little activity on any one item until the last minute of the auction. That is when the frenzy begins.
But if you have a strategy, such as bidding on items that end at a time when no one else is bidding on them, you stand a good chance of winning that item for pennies on the dollar.
Penny auctions are an exciting way to shop and purchase items that you may not normally spend the money to buy. A new plasma screen TV, laptops, high-end cameras and video recorders all can be obtained for just a few dollars, while enjoying a thrilling experience.
Take an Apple Macbook Pro. This is one of the most popular laptops on the market that can cost over a $1,000, yet hundreds of people are obtaining these for $12.97 or less on penny auction sites. How are they doing it?
There are certainly strategies to win penny auction items. As they become more and more popular, more and more people are on these sites competing with you. But you can outsmart the 95% of auction players and members who have no strategy at all.
One of the best strategies if you are highly interested in obtaining a product for virtually nothing, is to bid on products where the auction expires in the middle of the night. In most cases, there is very little activity on any one item until the last minute of the auction. That is when the frenzy begins.
But if you have a strategy, such as bidding on items that end at a time when no one else is bidding on them, you stand a good chance of winning that item for pennies on the dollar.
Penny auctions are an exciting way to shop and purchase items that you may not normally spend the money to buy. A new plasma screen TV, laptops, high-end cameras and video recorders all can be obtained for just a few dollars, while enjoying a thrilling experience.
Successful Strategies for Winning at Penny Auctions - Some Tips and Tricks
Most penny auction newbies make the exact same mistakes. Here is a guide to teach you valuable tips that the pros use to win brand new products from penny auction sites like Swoopo, Bid Rodeo, and GalaxyBids.com.
1. Do your research. FIRST AND FOREMOST - Make sure the site is legit. Check to see if it has site security regulations in place (ie. it has a valid SSL certificate that matches the web site's address). Site's with a valid SSL certificate are committed to keeping your personal information secure, and have been verified by the certificate's issuer as to whether it is a legit business. Do your research to determine if your information is being kept private and secure, and that "winners" actually exist.
The best thing to do, when starting out, is to choose one or two sites to follow. You should check in on them regularly. You can click on the auction item and get a whole page with the bidding history, and other valuable information. Many people stay on the main page, and miss out on this important info. The purpose in doing this is to become an expert on that site. In doing this, you can get a feel for who the users are, what their bidding style is like, and so forth. You also get a good idea of what types of auctions are usually up for sale, and how much they tend to sell for. This information will prove valuable for you when you are ready to get in the action!
2. Get your free bids. Most of these sites offer many chances to receive free bids. Usually just signing up will net you free bids, along with referring friends, signing up for newsletters, following them on Facebook. Twitter, etc. Stock up on these bids, because they are out there for the taking!
3. Purchase bids within your own limits. You have to decide for yourself what it is worth to you to be the auction winner. Depending on what your bidding strategy is, you decide how much you are willing to spend. If you are after one of the bigger name items, and there are many people bidding on it, you will most likely need to invest some cash to insure your chances. Keep in mind that others want it badly too, and they are willing to pay. If you want the smaller items, with less competition, that is an entire strategy in itself, and will end up costing you less $$ in the long run.
4. Choose a good day of the week and time of day. Bid when others are at work, sleeping, watching a top rated tv event, etc., on a day of the week where people are likely doing something else rather than sitting at their computer.
5. Pick your strategy. Now that you are armed and ready, here are some strategies that the pros use. Now keep in mind, you may have to adapt your strategy according to the users who you are bidding against. Once you've done your research, and can get an idea of what strategy your competition is using, USE IT AGAINST THEM!
**Remember: Big ticket items (ie. TVs, computers, iPods, etc.) will have more people bidding on them. Smaller ticket items (gift cards, perfume, etc.) will have less people bidding on them. Always keep in mind how many people you are bidding against.**
Here are some strategies to consider:
Bid late (but not too late): DON'T waste your bids by bidding too early. Most people wait until the last 10 seconds of the auction, and that's when the action starts! DO place ONE bid if there are currently no other bids on that item. It is better to be safe than sorry, if for some reason no one else bids on that item! DON'T wait until the last 1 or 2 seconds. A common problem with the internet in general is lag time. If you wait until the last 1 or 2 seconds you risk your bid not being counted, as there can be delay between the time you "click" the button, the signal gets sent to the server, the server does its calculations, and the signal is returned to your computer. Many auctions are lost by waiting too long. DO wait as long as you are comfortable (without risking the delay). If other users are "duking it out" let them waste their bids, and then jump in once the others have run out of bids.
Use the Bid Butler to your advantage. Watch the auction's history to see who is using their bid butler. If 2 bidders are "duking it out" with bid butlers, let them use up their bids. You must watch, though, to see when they are used up, and then jump in. If you want to use your bid butler, you can scare other people off by placing one. If they see their bids are constantly being matched by a bid butler, you may convince them to give up. Set your bid butler to an odd number. Most people set it in round numbers, and then forget about them. If you watch for this, you may be able to win the auction by bidding once their bid butler has finished.
Try Auction Sniping. As the price increases, naturally it attracts less bidders. When this happens, you can win with potentially a few bids. The end price could be higher than normal, but it will require fewer bids to win. This is where your earlier research will come in handy. If you've kept track of the people bidding on this item, and you have an idea of how much it usually sells for, you can have a good idea of when a good time may be to jump in.
Build Your Reputation. (Please do this responsibly though - within YOUR limits.) This strategy may cost some bigger $ in the beginning, but long term could net you lots of wins. Take on a win at all costs strategy. This can take shape in the form of using a powerful username (like "relentless" or "powerplayer"). This in itself will scare away a few bidders. When you bid, bid like you have a 1000 bids (even if you don't). As soon as you're outbid, hit the bid button. Repeat, repeat, repeat. Eventually, the competition will dwindle, and they'll probably move on to another auction, leaving you to win the auction! Alternatively, invest in getting as many bids as you can, and win at all costs, on as many auctions as you can. Your username will be listed in "winners" or "ended auctions" category repeatedly, and others will be afraid to bid against you if they know that you are a born winner. Eventually, know one will want to bid against you.
1. Do your research. FIRST AND FOREMOST - Make sure the site is legit. Check to see if it has site security regulations in place (ie. it has a valid SSL certificate that matches the web site's address). Site's with a valid SSL certificate are committed to keeping your personal information secure, and have been verified by the certificate's issuer as to whether it is a legit business. Do your research to determine if your information is being kept private and secure, and that "winners" actually exist.
The best thing to do, when starting out, is to choose one or two sites to follow. You should check in on them regularly. You can click on the auction item and get a whole page with the bidding history, and other valuable information. Many people stay on the main page, and miss out on this important info. The purpose in doing this is to become an expert on that site. In doing this, you can get a feel for who the users are, what their bidding style is like, and so forth. You also get a good idea of what types of auctions are usually up for sale, and how much they tend to sell for. This information will prove valuable for you when you are ready to get in the action!
2. Get your free bids. Most of these sites offer many chances to receive free bids. Usually just signing up will net you free bids, along with referring friends, signing up for newsletters, following them on Facebook. Twitter, etc. Stock up on these bids, because they are out there for the taking!
3. Purchase bids within your own limits. You have to decide for yourself what it is worth to you to be the auction winner. Depending on what your bidding strategy is, you decide how much you are willing to spend. If you are after one of the bigger name items, and there are many people bidding on it, you will most likely need to invest some cash to insure your chances. Keep in mind that others want it badly too, and they are willing to pay. If you want the smaller items, with less competition, that is an entire strategy in itself, and will end up costing you less $$ in the long run.
4. Choose a good day of the week and time of day. Bid when others are at work, sleeping, watching a top rated tv event, etc., on a day of the week where people are likely doing something else rather than sitting at their computer.
5. Pick your strategy. Now that you are armed and ready, here are some strategies that the pros use. Now keep in mind, you may have to adapt your strategy according to the users who you are bidding against. Once you've done your research, and can get an idea of what strategy your competition is using, USE IT AGAINST THEM!
**Remember: Big ticket items (ie. TVs, computers, iPods, etc.) will have more people bidding on them. Smaller ticket items (gift cards, perfume, etc.) will have less people bidding on them. Always keep in mind how many people you are bidding against.**
Here are some strategies to consider:
Bid late (but not too late): DON'T waste your bids by bidding too early. Most people wait until the last 10 seconds of the auction, and that's when the action starts! DO place ONE bid if there are currently no other bids on that item. It is better to be safe than sorry, if for some reason no one else bids on that item! DON'T wait until the last 1 or 2 seconds. A common problem with the internet in general is lag time. If you wait until the last 1 or 2 seconds you risk your bid not being counted, as there can be delay between the time you "click" the button, the signal gets sent to the server, the server does its calculations, and the signal is returned to your computer. Many auctions are lost by waiting too long. DO wait as long as you are comfortable (without risking the delay). If other users are "duking it out" let them waste their bids, and then jump in once the others have run out of bids.
Use the Bid Butler to your advantage. Watch the auction's history to see who is using their bid butler. If 2 bidders are "duking it out" with bid butlers, let them use up their bids. You must watch, though, to see when they are used up, and then jump in. If you want to use your bid butler, you can scare other people off by placing one. If they see their bids are constantly being matched by a bid butler, you may convince them to give up. Set your bid butler to an odd number. Most people set it in round numbers, and then forget about them. If you watch for this, you may be able to win the auction by bidding once their bid butler has finished.
Try Auction Sniping. As the price increases, naturally it attracts less bidders. When this happens, you can win with potentially a few bids. The end price could be higher than normal, but it will require fewer bids to win. This is where your earlier research will come in handy. If you've kept track of the people bidding on this item, and you have an idea of how much it usually sells for, you can have a good idea of when a good time may be to jump in.
Build Your Reputation. (Please do this responsibly though - within YOUR limits.) This strategy may cost some bigger $ in the beginning, but long term could net you lots of wins. Take on a win at all costs strategy. This can take shape in the form of using a powerful username (like "relentless" or "powerplayer"). This in itself will scare away a few bidders. When you bid, bid like you have a 1000 bids (even if you don't). As soon as you're outbid, hit the bid button. Repeat, repeat, repeat. Eventually, the competition will dwindle, and they'll probably move on to another auction, leaving you to win the auction! Alternatively, invest in getting as many bids as you can, and win at all costs, on as many auctions as you can. Your username will be listed in "winners" or "ended auctions" category repeatedly, and others will be afraid to bid against you if they know that you are a born winner. Eventually, know one will want to bid against you.
Strategy to Win Penny Auctions
At Penny Auction websites you can win fabulous prizes for incredibly small sums of money. It's not uncommon to see a $500 Best Buy Gift Card sell for $41.52. That's just a fraction of the value! With that kind of opportunity as you can expect competition is fierce. Just like any other game whether it's a sport or form of gambling (which penny auction websites are rumored to be), you want a strategy before you begin. Follow these tips and you'll be on your way to winning more penny auctions.
Penny Auction Strategy
Set your goals- Define your goal of being on a penny auction website. Are you looking to play casually and win something every once and a while or are you looking to a major player? Set your bidding limits and know when to stop. This way you won't find yourself developing a compulsive habit or attempting to chase your losses. With clearly defined goals, then you will be able to free yourself of any distractions. If you're looking to win a $500 Best Buy Gift Card or $250 Home Depot gift card, then stick with it.
Do your research - Remember in grade school when your parents used to tell you to study, study, study? Well this same theory can be applied to winning penny auction websites. Look at the different players on the sites and being to notice their tendencies. Does user magicdoug5 always outbid the competition on Walmart Gift Cards? Then maybe when you see magicdoug5 start bidding on the gift card that you want, back off of the auction.
Record your information - In business, managers make decisions based off of data that is recorded. While penny auctions may seem like a fun game, you are playing for money and therefore decisions should be made carefully based off of data. Take notes on all of your information for every time that you bid. After a long period of time you'll be able to notice trends in the data. Do gift cards sell for less during the hours of 1-3 PM on Tuesday or if there are two similar flat screen televisions up for auction at the same time which one sells for more? Having recorded data over time will allow you to make educated decisions on when to bid and where you can win big.
Get rid of emotion - You might have a favorite site to bid at and even like beating certain players when they come online. It's be to avoid any emotional ties to the game and use analytics to fuel your decisions. Play on multiple websites and never tie yourself to just one. Always continue to make decisions based on data, rather than what your gut tells you to do.
Penny Auction Strategy
Set your goals- Define your goal of being on a penny auction website. Are you looking to play casually and win something every once and a while or are you looking to a major player? Set your bidding limits and know when to stop. This way you won't find yourself developing a compulsive habit or attempting to chase your losses. With clearly defined goals, then you will be able to free yourself of any distractions. If you're looking to win a $500 Best Buy Gift Card or $250 Home Depot gift card, then stick with it.
Do your research - Remember in grade school when your parents used to tell you to study, study, study? Well this same theory can be applied to winning penny auction websites. Look at the different players on the sites and being to notice their tendencies. Does user magicdoug5 always outbid the competition on Walmart Gift Cards? Then maybe when you see magicdoug5 start bidding on the gift card that you want, back off of the auction.
Record your information - In business, managers make decisions based off of data that is recorded. While penny auctions may seem like a fun game, you are playing for money and therefore decisions should be made carefully based off of data. Take notes on all of your information for every time that you bid. After a long period of time you'll be able to notice trends in the data. Do gift cards sell for less during the hours of 1-3 PM on Tuesday or if there are two similar flat screen televisions up for auction at the same time which one sells for more? Having recorded data over time will allow you to make educated decisions on when to bid and where you can win big.
Get rid of emotion - You might have a favorite site to bid at and even like beating certain players when they come online. It's be to avoid any emotional ties to the game and use analytics to fuel your decisions. Play on multiple websites and never tie yourself to just one. Always continue to make decisions based on data, rather than what your gut tells you to do.
A Successful Penny Auction Strategy
Most penny auction newbies make the exact same mistakes. Nonetheless, the best penny auction strategy is to do your research. Always make sure that the site is legit.
At all times, check to see if it has security regulations in place. Websites with a valid SSL certificate are devoted to keeping your personal information protected, and have been established by the certificate's issuer as a legit business. Do your own investigation to determine if your information is kept private and secure.
The best thing to do when you are just starting out is to choose one site to follow. Check them regularly. You may click on the auction item and find a whole page with the bidding record and other valuable information. Many people hang about the main page and miss this significant info. The reason for doing this is to become a specialist on that site. You can get to know other users and find out what their bidding style is like. You will also get a good idea of the types of auctions that are usually up for sale and the amounts they tend to sell for. These will be important for you when you are prepared to get in the action.
Most of these sites also offer many chances to receive complimentary bids. Usually just signing up will get you free bids, along with referring other people to the site, following them on Facebook and Twitter, and signing up for newsletters. Stock up on these bids since they are out there for you to try.
At all times, check to see if it has security regulations in place. Websites with a valid SSL certificate are devoted to keeping your personal information protected, and have been established by the certificate's issuer as a legit business. Do your own investigation to determine if your information is kept private and secure.
The best thing to do when you are just starting out is to choose one site to follow. Check them regularly. You may click on the auction item and find a whole page with the bidding record and other valuable information. Many people hang about the main page and miss this significant info. The reason for doing this is to become a specialist on that site. You can get to know other users and find out what their bidding style is like. You will also get a good idea of the types of auctions that are usually up for sale and the amounts they tend to sell for. These will be important for you when you are prepared to get in the action.
Most of these sites also offer many chances to receive complimentary bids. Usually just signing up will get you free bids, along with referring other people to the site, following them on Facebook and Twitter, and signing up for newsletters. Stock up on these bids since they are out there for you to try.
Monday, November 22, 2010
Penny Auctions - Pay Pennies on the Dollar For Brand Name Goods!
Penny Auctions rule and anybody that loves the auction world knows what kind of deals you can get from these type of websites. With more and more major corporations and retailers going out of business these consolidators by all her inventory and then auction them off on the Internet for pennies on the dollar. So if you are a consumer this is the ultimate deal as you have the ability to pick up items for literally pennies on the dollar. And not only that but you have the excitement of bidding and watching second by second for the item that you wish to buy. So I bet you're curious about some of the best sites on the Internet?
With the popularity growing every day of penny auctions,there has been a dramatic increase in the number of websites on the Internet that offer penny options. You generally go to the website register very much like eBay, and in some cases buy a bid package, find the product that you wish to bid for and simply start bidding. I bet you're wondering what kind of products are available on the most popular penny auction sites?
All you have to do is think about any major electronic retail store that you've been in and that is basically the inventory of any major penny auction site on the Internet. There are digital cameras, stereo systems, speakers, and basically any type of electronic items you can think of. On my last visit I even saw somebody had purchased a car for around $1700. Which was about 1/10 the going retail price, truly an incredible deal. So if you're looking for some auction excitement than you need to count your pennies,use the incredible resources that we have found, and get over to the hottest penny auctions site on the Internet!
CLICK HERE To Get Brand Names for Pennies on the Dollar!
With the popularity growing every day of penny auctions,there has been a dramatic increase in the number of websites on the Internet that offer penny options. You generally go to the website register very much like eBay, and in some cases buy a bid package, find the product that you wish to bid for and simply start bidding. I bet you're wondering what kind of products are available on the most popular penny auction sites?
All you have to do is think about any major electronic retail store that you've been in and that is basically the inventory of any major penny auction site on the Internet. There are digital cameras, stereo systems, speakers, and basically any type of electronic items you can think of. On my last visit I even saw somebody had purchased a car for around $1700. Which was about 1/10 the going retail price, truly an incredible deal. So if you're looking for some auction excitement than you need to count your pennies,use the incredible resources that we have found, and get over to the hottest penny auctions site on the Internet!
CLICK HERE To Get Brand Names for Pennies on the Dollar!
Penny Auctions Rock
Have you ever tried a Penny Auction? You could be missing out on some incredible deals! It's free to join and on most sites you get free bids to start. There are so many Penny Auction Sites out there! I've been looking into Penny Auctions for some time now and I've walked away with some incredible deals myself. For example I just won a 32gb Apple iPod touch for $1.63
If you've been interested and were thinking of joining a Penny Auction Site, then I do suggest taking your time and research the sites you are about to join. When joining make sure you read all the rules and regulations before you just jump in and start bidding. This can cost you a lot of money if your not paying attention. When looking for a Penny Auction site you want to make sure the Website has some online credentials. You should never have to pay to become a member as well. When at all possible try to stay away from websites that will not credit at least 50% of your lost bids to product or additional bids.
After joining and becoming a member you need to purchase what they call bids. These range from .10 cents to 1 dollar. This allows you to make a bid on an item. For example: if you see an item and you place a .01 penny bid you have to take in account the bid cost along with the penny. So for example if the bid cost was say .50 cents then every time I bid it actually costs .51 cents. So if i was to click the bid button 10 times than my actual cost of the item would be $5.10 But if the item costs 200.00 and you just got it for 5.10 then I would say that was an incredible deal.
Then after winning, the item usually shows up to your door step within 4-6 weeks. Sometimes less depending if you pay for express shipping. After you get a hang of the process it becomes a lot of fun! Well hope this helps you and HAVE FUN!
If you've been interested and were thinking of joining a Penny Auction Site, then I do suggest taking your time and research the sites you are about to join. When joining make sure you read all the rules and regulations before you just jump in and start bidding. This can cost you a lot of money if your not paying attention. When looking for a Penny Auction site you want to make sure the Website has some online credentials. You should never have to pay to become a member as well. When at all possible try to stay away from websites that will not credit at least 50% of your lost bids to product or additional bids.
After joining and becoming a member you need to purchase what they call bids. These range from .10 cents to 1 dollar. This allows you to make a bid on an item. For example: if you see an item and you place a .01 penny bid you have to take in account the bid cost along with the penny. So for example if the bid cost was say .50 cents then every time I bid it actually costs .51 cents. So if i was to click the bid button 10 times than my actual cost of the item would be $5.10 But if the item costs 200.00 and you just got it for 5.10 then I would say that was an incredible deal.
Then after winning, the item usually shows up to your door step within 4-6 weeks. Sometimes less depending if you pay for express shipping. After you get a hang of the process it becomes a lot of fun! Well hope this helps you and HAVE FUN!
Are Penny Auctions Real?
Absolutely Not! Well maybe some are.
How can you tell which ones are and which ones are not. You can't always go by what others say because some players may stretch the truth a bit when they don't win and because they don't win they are pissed off and try to justify the loss with calling a penny auction website a scam. Yeah I don't like not winning either but it is gonna happen from time to time.
I saw this one case where this customer slammed a penny auction because they thought they were being scammed so we investigated it a little just to see. We found that the penny auction in question has been operating for over a year now and could only find one complaint against them and I bet you can guess who complained. We read some emails from both parties involved and a major portion of the conversation was left out of the complaint where they were bashing them.
Something along the lines of they never returned my emails and they have shill bidding going on. After looking at the emails they returned every email sent to this customer and with an average turnaround time of approximately 30 minutes for each email. This customer when confronted with this they decided not to write back anymore but still refuses to correct the statement they made. Oh yeah the customer all the while kept insisting on getting their bids back not money but bids, now why in the world would you want bids back when you know they are cheating?
The reason I bring this up is for you to do your homework about the penny auction website that you plan to play with and don't get me wrong there are a number of scam websites out there but a penny auction was hurt in this for no good reason, be sure to have proof when you accuse and we will post it.
Other players are a great resource for finding legit penny auctions, so check out that player first with how many comments they have made. If all a player does is bash penny auction websites then they may not be the best source to go by, look for the more level headed player that gives honest comments.
Be careful of some other websites that think they are the eye's and ears of the penny auction world because more people seem to want to read about bad news then the good, heck just watch the evening news. Like I said before do your homework first before bidding, make sure when you find a legit penny auction that you are either in it to win or just the enjoyment of playing with a few bids and hope for the best.
How can you tell which ones are and which ones are not. You can't always go by what others say because some players may stretch the truth a bit when they don't win and because they don't win they are pissed off and try to justify the loss with calling a penny auction website a scam. Yeah I don't like not winning either but it is gonna happen from time to time.
I saw this one case where this customer slammed a penny auction because they thought they were being scammed so we investigated it a little just to see. We found that the penny auction in question has been operating for over a year now and could only find one complaint against them and I bet you can guess who complained. We read some emails from both parties involved and a major portion of the conversation was left out of the complaint where they were bashing them.
Something along the lines of they never returned my emails and they have shill bidding going on. After looking at the emails they returned every email sent to this customer and with an average turnaround time of approximately 30 minutes for each email. This customer when confronted with this they decided not to write back anymore but still refuses to correct the statement they made. Oh yeah the customer all the while kept insisting on getting their bids back not money but bids, now why in the world would you want bids back when you know they are cheating?
The reason I bring this up is for you to do your homework about the penny auction website that you plan to play with and don't get me wrong there are a number of scam websites out there but a penny auction was hurt in this for no good reason, be sure to have proof when you accuse and we will post it.
Other players are a great resource for finding legit penny auctions, so check out that player first with how many comments they have made. If all a player does is bash penny auction websites then they may not be the best source to go by, look for the more level headed player that gives honest comments.
Be careful of some other websites that think they are the eye's and ears of the penny auction world because more people seem to want to read about bad news then the good, heck just watch the evening news. Like I said before do your homework first before bidding, make sure when you find a legit penny auction that you are either in it to win or just the enjoyment of playing with a few bids and hope for the best.
What are the best penny auction sites to bid on Mac Books?
"okay so i really wanna win a mac book cheep, how do i even have a change with doing so since the time starts back up and so on, and is there any where you dont need to pay to bid, or is that? whats the best penny auction sites, and any past expierences? let me know!"
I have answered a similar question to this question before elsewhere on the site but it seem appropriate that I reiterate my answer here one again.
The whole concept behind a penny auction site is that users have to bid on the auction with the winner being the user who has the last bid before the timer on the auction runs out.
Every time someone makes a bid the timer is reset, so you need to be patient and not bid, bid, bid, bid all the time. This is what many do and it is the same reason that many lose a lot of cash without winning anything.
Ultimately you need to pick the items you are going to bid on carefully and bid wisely.
At the end of the day the best penny auction sites are the ones that allow you to use your loosing bids (your cash) towards buying items in the buy now categories. This is a great way to buy items still as generally they can still be 70 -85% cheaper than retail.
So if you top up your account with bids (you need to buy these) from time to time as you are bidding on items you can be safe in the knowledge that if you don’t win any bids at all that you are still going to get something of great value at a hugely discounted price.
Just remember that if you do win the bid it will mean that you have to pay the winning bid price to get you item. So if you are the winner and the winning price was let’s say 14.99 then you would need to pay 14.99 to get your item.
I would suggest finding a new site such as bid4cheaponline.com since there will not
be as much competition to get the items you are bidding on..
I have answered a similar question to this question before elsewhere on the site but it seem appropriate that I reiterate my answer here one again.
The whole concept behind a penny auction site is that users have to bid on the auction with the winner being the user who has the last bid before the timer on the auction runs out.
Every time someone makes a bid the timer is reset, so you need to be patient and not bid, bid, bid, bid all the time. This is what many do and it is the same reason that many lose a lot of cash without winning anything.
Ultimately you need to pick the items you are going to bid on carefully and bid wisely.
At the end of the day the best penny auction sites are the ones that allow you to use your loosing bids (your cash) towards buying items in the buy now categories. This is a great way to buy items still as generally they can still be 70 -85% cheaper than retail.
So if you top up your account with bids (you need to buy these) from time to time as you are bidding on items you can be safe in the knowledge that if you don’t win any bids at all that you are still going to get something of great value at a hugely discounted price.
Just remember that if you do win the bid it will mean that you have to pay the winning bid price to get you item. So if you are the winner and the winning price was let’s say 14.99 then you would need to pay 14.99 to get your item.
I would suggest finding a new site such as bid4cheaponline.com since there will not
be as much competition to get the items you are bidding on..
What's the best penny auction website out there?
That's a somewhat difficult question. There are big well known sites out there like Swoopo. Then there are smaller up and coming penny auction sites like bid4cheaponline.com where the competition is still low and will allow you to win more products. All of the penny auction sites have some kind of differentiator that tries to attract users to their sites. If you are new to penny auction sites, I would recommend trying the smaller sites or go after lower price items. There are people out there that appear to be making a living on these sites by being extremely aggressive. Even though they are aggressive, those people are still getting excellent cheap deals. Most people don't have that characteristc in their DNA so they put in one or two bids and feel like that's all they want to risk.
Saturday, November 20, 2010
Are Penny Auctions Genuine?
Well just like everything else there are some Penny auctions that are not legit and tend to be scams, but I would say you can find some that really work well and will allow you to really get some great deals on high end electronics, gift cards, etc..
Can you really trust penny auctions, or is it just a huge scam to get your money?
"I found a couple of webisites that have all these things like apple laptops going for under $20 brand new..........i really want one, but the retail price is way out of my budget, and i just want to know how these penny auction things work.....thx"
Not all penny auctions are scams, but I believe the majority of ones selling a lot of laptops are.
Very few legitimate sites have enough users to afford to sell these expensive products more than a few times a week.
Here is how a penny auction is supposed to work (emphasis on supposed to)...
A product, such as a laptop, is put up for auction starting at $0.01
Penny auctions are auctions where you buy your bids, and as you bid the price goes up by a set increment (usually a penny) and more time is added to the timer.
The winner is the last one to place a bid when the timer reaches zero.
The retail price, let's say is $500.00.
The auction hopes the item will receive enough bids to cover the cost of the item, and make some profit.
For example:
Let's say the bid price was $0.50 each.
Using the above laptop, the penny auction would want more than 1,000 bids placed to break even.
1,000 bids would bring the price of the auction to only $10.00.
If you were the 1,000th bid and the timer reached zero you would be the winner, and after paying the $10.00 and shipping, the laptop would be yours.
Not all penny auctions are scams, but I believe the majority of ones selling a lot of laptops are.
Very few legitimate sites have enough users to afford to sell these expensive products more than a few times a week.
Here is how a penny auction is supposed to work (emphasis on supposed to)...
A product, such as a laptop, is put up for auction starting at $0.01
Penny auctions are auctions where you buy your bids, and as you bid the price goes up by a set increment (usually a penny) and more time is added to the timer.
The winner is the last one to place a bid when the timer reaches zero.
The retail price, let's say is $500.00.
The auction hopes the item will receive enough bids to cover the cost of the item, and make some profit.
For example:
Let's say the bid price was $0.50 each.
Using the above laptop, the penny auction would want more than 1,000 bids placed to break even.
1,000 bids would bring the price of the auction to only $10.00.
If you were the 1,000th bid and the timer reached zero you would be the winner, and after paying the $10.00 and shipping, the laptop would be yours.
Friday, November 19, 2010
What are the dangers of Penny Auctions?!?
I agree, they often sound to good to be true, especially to beginners. However, there are some wonderful penny auction sites out there that ARE legitimate and honest, and whose owners are dedicated to doing the right things and running a legitimate online auction website. You can really get some great deals on these penny auction websites and I can tell you that for the most part you will be happy with the prices you are paying for these items.
There are many good Penny auctions out there, but there is 1 that I will reccomend because it is new and will actually not launch for a week or so. It will be much easier to win stuff with no competition right off the bat..
Check it out here: http://www.bid4cheaponline.com
There are many good Penny auctions out there, but there is 1 that I will reccomend because it is new and will actually not launch for a week or so. It will be much easier to win stuff with no competition right off the bat..
Check it out here: http://www.bid4cheaponline.com
How do penny auctions work exactly?
Many feel that Penny Auctions could possibly be a scam, but I do not believe they are and as long as they tell the truth and completely disclose everything than you are safe. Below we found this outline on another site of how a penny auction website workds and we want to share it with you:
1. A product, such as a laptop, is put up for auction starting at $0.01
2. Penny auctions are auctions where you buy your bids, and as you bid the price goes up by a set increment (usually a penny) and more time is added to the timer.
3. The winner is the last one to place a bid when the timer reaches zero.
4. The retail price, let's say is $500.00.
5. The auction hopes the item will receive enough bids to cover the cost of the item, and make some profit.
For example:
1. Let's say the bid price was $0.50 each
2. Using the above laptop, the penny auction would want more than 1,000 bids placed to break even.
1,000 bids would bring the price of the auction to only $10.00.
3. If you were the 1,000th bid and the timer reached zero you would be the winner, and after paying the $10.00 and shipping, the laptop would be yours.
Here is a hot new Penny auction that will be launching soon:
Bid4cheaponline.com
1. A product, such as a laptop, is put up for auction starting at $0.01
2. Penny auctions are auctions where you buy your bids, and as you bid the price goes up by a set increment (usually a penny) and more time is added to the timer.
3. The winner is the last one to place a bid when the timer reaches zero.
4. The retail price, let's say is $500.00.
5. The auction hopes the item will receive enough bids to cover the cost of the item, and make some profit.
For example:
1. Let's say the bid price was $0.50 each
2. Using the above laptop, the penny auction would want more than 1,000 bids placed to break even.
1,000 bids would bring the price of the auction to only $10.00.
3. If you were the 1,000th bid and the timer reached zero you would be the winner, and after paying the $10.00 and shipping, the laptop would be yours.
Here is a hot new Penny auction that will be launching soon:
Bid4cheaponline.com
Thursday, November 18, 2010
Penny Auction Strategy: Save Money with Penny Auctions
Penny auctions are not only a great way to SAVE big money on high products, but they are also exciting and fun to take part in. If you are looking to get great deals you can get Best Buy Gift cards for much less than they are valued at. Say you are bidding on a $15 Best Buy Gift card and you bid penny by penny up to $1.00 and it only cost you 5 bids then you just got a $15 value for $3.00 worth of bids(bids on average are $.60 each) plus the $1.00 bidding price. So wow you spent $4 on a $15 item. This is just a basic example, but of course there will be much bigger ticket items that you will want to try to get really cheap such as Ipods, Playstation 3 Game Systems, Televisions, Ipads and much more. Check out this hot new Penny Auction Site for happy bidding:
http://www.bid4cheaponline.com/
http://www.bid4cheaponline.com/
Subscribe to:
Comments (Atom)