Online Auctions: Winning!
The penny auction sites are a great place to get a bargain at a great price. Many items sell for as little as 99% of their Recommended Retail Price – which is great for many, especially those that are finding it a little bit of a struggle in the current financial times.
However, many people come away from these sites disappointed. They arrive at the site hoping to get a bargain, and instead find that they have parted with their hard-earned cash and have nothing to show in return. This is not the default position for players on the penny auctions; instead, this is due to a lack of research and a lack of insight into the penny auction format. If you want to learn how to win, then this article is for you. Here, we look at the winning strategies of the penny auctions.
Choose Your Site Carefully:
This is something that many people overlook, and unfortunately, because of this, they often lose.
The problem with choosing a bidding site is this: people want to bid on sites that have a good reputation, that they know are bona fide and have existed for a while. By doing so they know that their payment details are secure and that they are not being conned by the sites.
This, however, causes an issue: when there are too many people on the site your chances of winning a bidding war are reduced.
Instead then, you need to find a site that is relatively unknown, but which has a large enough customer base to give you the peace of mind that you are playing on a legitimate site.
Be a Lurker
When you have decided on the site, then you need to register, but you should not start playing straightaway. What you need to do is watch the auctions, find out who are the most frequent winners and then work out their winning patterns. Once you have established their strategies you can either use the same strategies, but play at times when they are not around, or on items upon which they will not bid. Alternatively, you can develop a strategy that counters their own, and then beat them at their game. Of course, this takes patience and a decent understanding of the game.
Use Free Bids
If you are new to the penny auctions, then you need to practice before you play, so that you understand the rules and the strategies needed to win. However, this will usually cost you money, and this money will be wasted because you will not know how to play. Fortunately, many sites offer free bids to new customers, and you should definitely take advantage of these to help you win.
Of course, the most important aspect of the penny auctions is to have fun, relax, sit back and enjoy the ride. Even if you do not win, then you will still have fun. This game is fast paced, exciting and encompasses all the fun of the fair. Winning the bidding war is a bonus. You can start your bidding now at http://www.bidvid.com/.
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