Penny auctions are all the rage on the internet and, believe it or not, they are legal. You may have heard of this shopping model before. They go a little something like this: buy a bid pack, bid on an auction with those bids and win a product! Sounds simple right? Well, that isn’t always the case.
Penny auctions require some skill in auction bidding and education about the online model, and it is within your best interest to tread carefully when you’re bidding on a product. It’s great that there are sites out there offering you the latest Chanel perfume, Juicy Couture handbag, or iPhone 5 at a heavily reduced price, but that is dependent on if you bid strategically. You will learn what to consider when you aim to pay less for products on penny auction sites in this article.
How To Win Penny Auctions
Stick With Popular Auction Sites
Larger Penny auction sites
are more popular, reliable and safer than lesser known penny auctions online. A smaller penny auction site may appear to have great deals, but you could be bidding against scripts. Some start-up penny auction sites add scripts known as bots to their sites to give the illusion that they have hundreds of bidders, when in actuality they don’t. In the end, you spend bids with the mindset that you are competing with other people, but they are not human. Also, bots are illegal, so you are definitely better off spending your cash at a more reputable penny auction site. Find Out Where They Ship
If you’ve won a penny auction, congratulations! But, are you sure your item can be shipped to you? Make sure you find out the countries to which a penny auction site will ship. If you live in the US, Canada or the UK, it’s very likely shipping won’t be an issue, but anywhere else might result in extra costs or result in you not being eligible to receive your auction win. You wouldn’t want that after all your hard effort bidding.
If you’ve won a penny auction, congratulations! But, are you sure your item can be shipped to you? Make sure you find out the countries to which a penny auction site will ship. If you live in the US, Canada or the UK, it’s very likely shipping won’t be an issue, but anywhere else might result in extra costs or result in you not being eligible to receive your auction win. You wouldn’t want that after all your hard effort bidding.
Bid in the Morning
Here’s the inside scoop. Beezid is a big penny auction site that has many bidders and experienced auction winners. If you are new to bidding and want an advantage, then bid on auctions that take place in the morning time. Beezidhas already made this public on their Twitter feed and it’s no surprise since many winners have walked away with auction products worth $42.99 for as little as $0.02.
Here’s the inside scoop. Beezid is a big penny auction site that has many bidders and experienced auction winners. If you are new to bidding and want an advantage, then bid on auctions that take place in the morning time. Beezidhas already made this public on their Twitter feed and it’s no surprise since many winners have walked away with auction products worth $42.99 for as little as $0.02.
Seek Auctions with Safeguards
Some penny auctions offer their customers safeguards when bidding. For instance, let’s say you were unsuccessful in an auction for a Samsung Galaxy tablet. Most reputable auctions will have some sort of buy-it-now feature, offering you the opportunity to buy the product and have all the bids you just spent returned to your account. Some sites will also provide penny auctions exclusive to newbies. Look out for things like cherry auctions or names like Guaranteed Win, which are designed and catered to bidders that might be trying out penny auctions for the first time.
Some penny auctions offer their customers safeguards when bidding. For instance, let’s say you were unsuccessful in an auction for a Samsung Galaxy tablet. Most reputable auctions will have some sort of buy-it-now feature, offering you the opportunity to buy the product and have all the bids you just spent returned to your account. Some sites will also provide penny auctions exclusive to newbies. Look out for things like cherry auctions or names like Guaranteed Win, which are designed and catered to bidders that might be trying out penny auctions for the first time.
Look For Promotional Events
On a normal day, bidding on a penny auction may sound like a good idea. However, you will see greater bang for your buck if you participate in auctions on sites that have a special promotional event happening. Look for things like events that include price freezes or refunds on bids. These are great ways to stretch your money and bids much further.
On a normal day, bidding on a penny auction may sound like a good idea. However, you will see greater bang for your buck if you participate in auctions on sites that have a special promotional event happening. Look for things like events that include price freezes or refunds on bids. These are great ways to stretch your money and bids much further.
So as you can see, bidding on penny auctions can be a great opportunity to get your favorite designer brands for less. Just remember to do your homework before, go for more reputable sites like Beezid and bid on auctions in the morning, and make sure you keep your eyes open for deals to help you get the most out of your bids.
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