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Are you fed up with constantly getting outbid, for items that are second hand anyway? Do you want to find a place to get items as cheap as possible that are brand new? Penny auctions could be your answer! These auction sites have been established for a few years now and thousands of people across the globe are now using them. The great thing about them is that there is an array of products on offer. Whether you want a new TV or new bicycle, there are plenty of auctions to get involved with. How Do They Differ From What You Know? The first thing that bidders new to penny auction sites should know is that bidding isn't free. This might seem like a bad thing, but it actually is not. By making sure that every bidder has to pay, the amount of people bidding reduces dramatically. So, whilst the average standard auction site might have 100,000 users or more, penny auctions tend to only have 1,000 users or less. What this means is that you are going to have a much better chance of actually winning the items that you bid on. What About The Prices? The prices that penny auctions go for are absolutely insane. Instead of paying 50% of the RRP for a second hand product, you could find yourself paying just 10% of the original RRP for a brand new product. Do not assume that just because these items are cheap, they are low quality. They are usually technology related and products that have only just made their way into retail stores. If you are looking for a place to get items that otherwise, you couldn't afford, then this could just be the place to do it. How Do You Bid? Each site will have a different layout, different auction formats and a different user interface. Don't be afraid to pick 2-3 sites to begin with. It is important that you use the site that you feel most comfortable with. If you feel comfortable with the site then there is a smaller chance of you making any errors when it comes to bidding. Obviously if you don't make any errors, then you won't lose out. You can bid on any items by purchasing bid credits, but it is important to be selective. Being selective about what you bid on will increase your win percentage. This will obviously mean that the savings you make are going to be much higher. Is There Anything Else Worth Considering? Once you have chosen a site, get involved with their social media activities. A lot of sites these days promote their company in this way. Usually, they will try and attract new customers by offering a range of competitions. These competitions are free to enter and they could end up being worth a lot of cash. Most of the time the prize will actually be some free bid credits which means that you could end up winning your first item, without even breaking into your bank balance! Although not a penny auction site, BidGrid offer unique bid auctions with risk free bidding. Take a look at the online auctions now to find out more.
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