|
Penny auctions are the next generation bid websites. Alternatives to standard Ebay auction types. Winning at Penny auctions works basically the same way as standard bid auctions except you must buy your bids, it is not free to bid at these sites. Now, I am the most skeptical of skeptical internet surfers, if it sounds too good to be true it usually is, Right? Yes, that is correct, but with penny auctions you can succeed at buying real, new in box, high priced items for pennies on the dollar, and I do mean pennies on the dollar. Most people would say, this sounds too good to be true. That’s what I thought to start with. I had a little extra money from a Christmas bonus I earned and so I said what the heck, I’ll try it out and see if all the claims that are made online about these sites can be substantiated. I started out by purchasing a $100.00 bid pack, because I decided to be a high roller and go for the 52” HDTV. I wound up bidding all of my bids completely out and won the television in the last five seconds of the auction for only $15.00. So the total cost of the TV plus my bid pack came to a whopping $115.00. Not bad for a $2,000 TV, huh? I thought, if I just succeeded at winning this penny auction, anyone can do it. Most American’s today are out looking for a bargain, especially with the economy in the state it is in right now. If I can purchase a $100.00 dollar bid pack and buy a HDTV for my home for around $115.00 total that’s what I’m going to do. Now, if you have plenty of money you might just choose to run on down to your local mall and purchase one for $2,000. Not me, I’m a penny pincher. I love a good bargain, and enjoy the excitement of getting a good bargain. My friend recently won an Apple Mac Book Pro for only $15.00, and these computers retail for over $2,500. What a deal! You’re probably saying, “ There’s a catch, they charge high shipping prices.” No, actually the shipping is free on Penny Auctions, at least the one that I bid at offers completely free shipping. I have went on and on about the deals my friend and I have gotten on these sites. So, you’re probably wondering how do you succeed at winning penny auctions? After all, that is the title of this article. Below are the steps that I took to win my HDTV for under $200.00. • Purchase your bid pack. Most penny auction sites provide several different levels of bid packs each costing either less or more. Depending on how many bids you are purchasing. • Scope out your item. Most People Jump right in and start bidding as soon as they purchase their bid packs. STOP! Do not do that! They key is to be patient and watch. Winning a Penny auction is not gambling. It takes skill and strategy to win at penny auctions. Try to bid on items that do not have a lot of competition. If that HDTV is loaded with bidders, wait until the site has a slow bidding cycle, usually early in the morning hours. Then you will be able to come in and snag that TV for pennies on the dollar. You see, if you had used all of your bids in a bidding war against your competition, all you have done is raised the price of the TV on yourself and now you must purchase more bid packs to compete. • Bid against your competition. Bid against your opponent with skill and patience. Use the second timer to your advantage. Bid at the very last second of the auction. Right before it’s about to end. • Take advantage of special offers. Does your penny auction site offer free bids for referring new members? Send all of your friends and family emails to get them to sign up, so you can get free bids! What about special offers on bid packages? Such as buy one get one free, or percentage off codes? Use every one of these that you can. More free bids means increasing the size of your bid balance, which means, you have more power to buy. • Are there any new penny auction sites? This can be a great way to win at penny auctions. Finding a site that everyone else has not found gives you an advantage. Competing with less bidders means you get the prize. Try out http://www.getyourpenniesworth.com this site is very new on the market and has limited bidders. A starter bid pack only costs $37.50. For each friend you refer you get 25 free bids. Refer 20 of your friends and if they sign up for the cheapest bid pack available you get 500 free bids. Still putting you way ahead of your friends in the competition. Go try out http://www.getyourpenniesworth.com. This is a fairly new site, so they don’t have many members. It’s a great place to snag a real bargain., and start winning at penny auctions. At certain times of the day there’s not anyone bidding! Trust me, this is where I won my HDTV from. Purchase their lowest priced bid pack, and follow the strategy in this article to get started on your journey to buying products for pennies on the dollar. I think their lowest bid pack is 100 bids for around thirty-seven bucks. Not bad, remember, be stingy with your bids, and good luck!
Related Articles -
penny auctions, win at penny auctions, how to win a live penny auction,
|
