The Easiest Way To Be Successful On Penny Auction Websites On The Net
Penny auctions are becoming increasingly popular as word spreads about this online phenomenon. Penny auctions are online auction sites where products can be won for just pennies. People bid on items and the price of the auction will on raise 1p per bid. Penny auction sites are pay-to-bid.
Do your homework
On penny auction sites you will often be bidding against regulars who are well recognised. Watch a few auctions at least at different times of the day to get an idea of who is who. Also work out what prices products usually go for as this will give a good indication of the competition level on particular auctions.
Make sure you read any available information about the site such as FAQ’s, How it Works guides and any external references.
Start Small and Save Big
When first joining a site make sure you bid on smaller items that will tend to have much lower competition than high value items. This will increase your chances of winning as well as allowing you to experiment with how the bidding process works.
Try to join sites that offer a welcome bonus such as a % of extra bids for first purchases or a bids back introduction offer. Also make sure the sites are registered in the UK and are easy to get hold of… better to be safe than sorry.
Bid risk free on auctions
Some penny auction sites have a Buy-It-Now option which will allow you to purchase the item you are bidding on. This is a great way to protect against any potential losses and means you can still grab the item you were after.
Shop Securely
Sometimes it is impossible to win on a penny auction site, why, because it is not real. Make sure you check the 3 main security points before signing up.
1. Make sure the site is registered in the UK and that they clearly display contact details such as a telephone number, e-mail address and postal address.
2. Make sure the site is secure and that they use secure payment methods. Look for the logo’s of Verified by Visa, MasterCard SecureCode and McAfee Secure.
3. Get a bit of feedback – Look for Facebook pages, YouTube pages and forums for the site and try to get a bit of feedback from other users.
If you are hunting for a high-quality penny auction, then be certain to take a look at Mad Bid.
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