Penny Bid Auction Sites
It seems like the rage today is penny auction sites where smart shoppers are getting incredible deals on all kinds of merchandise such as laptops, iPods, iPads, televisions, cameras and more. Some sites are good and some sites are bad, you just have to be careful when you bid and use a few locks to get the best deals.
The way penny auctions work is that an item usually starts with a price of nothing and goes up 1 cent every time a bid is placed. The price of placing a bid can vary from approximately 25 cents per bid to as much as 95 cents per bid depending on the auction site you are visiting.
While you can get exceptional deals when bidding on penny auction sites, such as iPads for $25 or so, you have to be careful that you don't place bids in an unwise manner. What that means is that you don't want to waste money on bidding and spend more on placing bids that an item is worth.
Penny Auction Bidding Secrets
One way to avoid spending too much on bids on these sites is to look at already closed auctions and start bidding near a level that previous items have sold at.
Another idea is to look for auctions that close at odd times of the day such as 2 am in the morning or look for auctions that close on Thursday or Saturday evening. Those are the times when less people are online and less likely to be bidding on items you want.
Penny Auction Reviews
Below are a couple of penny auctions sites that seem to be legit and have and abundance of items for sale.
The cost to place a bid at BidRivals is $0.65. Bid Rivals is in more than 25 countries. They have several features that make them a great place to find deals and make sure you aren't spending too much money on bidding. One feature lets you buy the item you were bidding on at the regular retail price or the difference of the cost of the items and the amount you have bid.
Another feature is that if you lost the auction, you can also decide to buy the item up to 14 days after the auction has closed at retail and get back the cost of your spent bids.
Click here to join BidRivals.com. Us the code great10 to get 10 free bids.
Bid Sauce works a little different in that the cost of bids is a little higher initially than on Bid Rivals. It cost $1 to bid on items to start with, but if you purchase a bigger bid pack you get them at a discount, the reducing the overall cost of your bids.
Bid packs come in sizes of 25, 50, 100, 250 or 500.
Click here to join BidSauce.com and get 50 free bids.
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