Penny Auction: Buy Gifts for Christmas at Lowest Prices
No one can doubt that penny auctions are one of the latest trends on the Internet. These are highly in demand as the winners, most of the times, win amazing products at heavy discount (95% or more).
People might think that winning a prize on penny auction website needs luck. Partially, it is true. But believe me, more than luck, it is analysis and skill which is required to win the game on a regular basis and making others happy with those lovely gifts that can lead them smiling.
There are certain points that you should keep in mind before bidding on any penny auction website. Start with considering the value of the item that you are bidding on. Always look for the shipping and processing fees for the auction. These are clearly labeled on the page of auction. Check the original RRP of the product. This means try to find the lowest retail price of the product before you bid for it. The next step is to find out whether there is any PayPal fees you need to pay for the penny auction.
As soon as you discover the true value of the product, identify what your bid limit is. And yes, don’t forget that you will be asked to factor in the price of the bids (which are purchased in advance) to the true value of the product as well. It is highly imperative to resolve the ceiling price before you bid on any online auction website. This is if great significance to make sure that you doesn’t lose money instead of winning a gift.
While searching for online auction websites, take a look at the history of the website. Most of the times penny auction websites showcase at what rate their earlier penny auction products have been sold for. This will tell you about the popular products that have been sold via the website. Remember, more popular is the product, more bid it is likely to attract. It therefore makes sense to go for the less popular targets as it will increase the chance of winning the penny auction at a price you wouldn’t have imagined.
Keep a close look on the time when more people are bidding. In case, a penny auction website has put a single product in two different auctions at two different hours during the day, participate in the ones which are at less popular time as this would lessen the competition ensuring that you win the product at a lower price.
Leading penny auction websites offer programmed bidding services which allow you to enter the automated bids for the auction. These are great strategy for winning as it means that the participant can bid on the auctions even when you don’t have an access to Internet. In simpler terms, it means you are not required to keep your eyes on the website to keep yourself updated about the new sales.
Penny Auctions are a new type of web-based auctions that combine the excitement of auctions with the thrill of shopping with winners often saving over 90% of the RRP of products. Every new Penny Auction player gets a free bonus so sign up today and try our penny auctions for free!
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