It may seem like the winners of penny auctions must have the best luck in the world. But truthfully how to win penny auctions depends on skill, technique and bidding strategy.
Penny auctions are online auctions that people purchase bids from the online auction site and use them on any penny auctions currently going on. Every bid adds time to the clock counting down. Some online penny auction sites use a “going once, going twice, sold” as the counter gets to the end.
Winning penny auctions is a great way to get appliances, computers, and gift cards for 75%-95% off retail prices. You can sell the stuff you win on sites like craigslist or ebay to make money or keep them to use for yourself. The Powerbidders (the ones who win tons of penny auctions each month) have their own strategy: they can bid near to the retail price because they can still make a profit. Good thing may auction websites have winning limits. This means that YOU can have a fair chance of winning.
What is the best Penny Auction Bidding Strategy?
The best penny auction bidding system is more than just squeezing in right before the final bid. A winning strategy is more like a playing poker. A winning bidder must study the competition, watch their moves and see when they bid. Bidding strategy is always critical.
Want to Win at Penny Auctions?
Take 5 minutes to learn the Secret Bidding Strategies to win Penny auctions. You will learn about a penny auction “cheats” that will help you improve your odds of winning penny auctions and getting products at really low prices. Winning one auction will pay for the entire penny auction secrets course.
Everything you need to know before you buy―or sell―gems and jewelry at auction.
A source of expert guidance ... Read More >