Penny auctions are a great way to grab a great deal on top brand products. Unlike conventional auction sites like eBay, penny auctions are pay-to-bid yet the price savings you could make are fantastic. Below we listed down top five tips about how to be successful on penny auctions.
1. Learn about the website and its users
Take a look around the website and get an idea for the layout, take full advantage of FAQ's and observe the way other users bid. You'll probably win when you are aware who you really are up against.
2. Take the perfect time and right product
There are often less busy times on penny auction sites like in the morning while so many people are preparing for work or perhaps the school run. Also at first, bid on smaller items like bid packages and coupons to get a feel for the bidding process and you will have a much greater opportunity of winning.
3. Try to get Free Bids
Several penny auction websites provide users free bids upon registration and some sites reward users with loyalty techniques like 'claim your daily free bid' where one can get a free bid daily for as long as 15 days when you buy a bid pack.
4. Make sure the site is genuine and also risk-free
Sometimes penny auction sites can be too good to be true and in some cases they are. Look out for websites which may have secure payment systems like C.O.M.O.D.O Authentic Secure. Aside from that look out for internet sites that provide a 'Buy Now' feature on selected auctions as this reduces risks while bidding and can give you with a backup plan.
5. Investigate the online site
Search the internet site name online and search for articles about the company from trusted sources such as national newspapers, TV channels and user community forums.
1. Learn about the website and its users
Take a look around the website and get an idea for the layout, take full advantage of FAQ's and observe the way other users bid. You'll probably win when you are aware who you really are up against.
2. Take the perfect time and right product
There are often less busy times on penny auction sites like in the morning while so many people are preparing for work or perhaps the school run. Also at first, bid on smaller items like bid packages and coupons to get a feel for the bidding process and you will have a much greater opportunity of winning.
3. Try to get Free Bids
Several penny auction websites provide users free bids upon registration and some sites reward users with loyalty techniques like 'claim your daily free bid' where one can get a free bid daily for as long as 15 days when you buy a bid pack.
4. Make sure the site is genuine and also risk-free
Sometimes penny auction sites can be too good to be true and in some cases they are. Look out for websites which may have secure payment systems like C.O.M.O.D.O Authentic Secure. Aside from that look out for internet sites that provide a 'Buy Now' feature on selected auctions as this reduces risks while bidding and can give you with a backup plan.
5. Investigate the online site
Search the internet site name online and search for articles about the company from trusted sources such as national newspapers, TV channels and user community forums.
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For more information on penny auctions, check out our website for unbiased, in depth penny auction reviews.
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