A little while ago, we posted ablog introducing you to the world of penny auctions. There’s a misconception that penny auctions are a guy’s domain. That couldn’t be further from the truth. Penny auctions are actually frequented by both men and women, and often times, women are even more successful at winning penny auctions than the opposite sex. There are several reasons why female bidders are attracted to and sometimes more successful at bidding. As women continue to exercise their spending power and use their income wisely, they are making penny auctions work to their advantage.
Female bidders know their limit
We all know that not everyone can win an auction, which is why women are successful participants. As consumers, women are looking for the best bang for their buck, as they have families to care for and want to spend money wisely on products that are a necessity for their household. This makes knowing what to bid on and when to bid crucial. The availability of an ideal product is one thing, but to place bids in a careful and timely manner so that bids aren’t completely squandered is another. Ladies bidding on penny auctions will often stop or hold back on bidding until later on in an auction as a means of exercising control and vigilance on their spending. This is the true winning strategy of any bidder regardless of gender.
We all know that not everyone can win an auction, which is why women are successful participants. As consumers, women are looking for the best bang for their buck, as they have families to care for and want to spend money wisely on products that are a necessity for their household. This makes knowing what to bid on and when to bid crucial. The availability of an ideal product is one thing, but to place bids in a careful and timely manner so that bids aren’t completely squandered is another. Ladies bidding on penny auctions will often stop or hold back on bidding until later on in an auction as a means of exercising control and vigilance on their spending. This is the true winning strategy of any bidder regardless of gender.
Female bidders know a good deal
Women account for 85% of consumer purchases including electronics and computers, which would explain why they’re able to spot great deals, and that includes ones related to penny auctions. By shopping, a consumer learns to compare prices and quality of a product based on the vendor. In our last blog post, we mentioned Beezid
as being one of the more popular online auction shopping sites. Well, the site is very popular with women, because of the generous complimentary bids and types of products that are available for auction at a considerably reduced price. The wide ranges of products available make it easy to find a product to bid on, including Samsung smartphones, Shany or Sephora cosmetics, and auto accessories. Female bidders believe it makes more sense to bid in a penny auction, rather than trying to buy a designer product at full retail price in the hundreds.
Women account for 85% of consumer purchases including electronics and computers, which would explain why they’re able to spot great deals, and that includes ones related to penny auctions. By shopping, a consumer learns to compare prices and quality of a product based on the vendor. In our last blog post, we mentioned Beezid
as being one of the more popular online auction shopping sites. Well, the site is very popular with women, because of the generous complimentary bids and types of products that are available for auction at a considerably reduced price. The wide ranges of products available make it easy to find a product to bid on, including Samsung smartphones, Shany or Sephora cosmetics, and auto accessories. Female bidders believe it makes more sense to bid in a penny auction, rather than trying to buy a designer product at full retail price in the hundreds.Female bidders buy for others, not themselves
With women making up the majority of financial decision makers in their family household, it’s no surprise that they often bid on products that are for their partners or children. While sites like Beezidhave plenty of products in their lifestyle and fashion categories for women, female customers choose other auction categories as well, and fairly frequently. Categories such as those for kids’ toys, video games or electronics, are just as popular for women, because they want a good deal for their sons or daughters.
With women making up the majority of financial decision makers in their family household, it’s no surprise that they often bid on products that are for their partners or children. While sites like Beezidhave plenty of products in their lifestyle and fashion categories for women, female customers choose other auction categories as well, and fairly frequently. Categories such as those for kids’ toys, video games or electronics, are just as popular for women, because they want a good deal for their sons or daughters.
Bidding in penny auctions takes careful skill. If you have interest in bidding on penny auctions and are looking to do what successful female bidders do, make sure to keep the above items in mind when you’re placing your next bid.
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