Since penny auction sites have emerged, there has been a lot of talk about them. It has been able to attract a large number of followers. Penny auction sites have become sources of entertainment, big money and new merchandises for people. It is exciting for people to bid for products that they have been looking for and be able to purchase them at the most insanely low prices.
Some auctions allow you to purchase some of the most useful items at the price of just a dollar. You will be able to find all sorts of products on these sites ranging from PlayStation, Xbox games to a brand new Kindle, high quality digital camera. You could also purchase MP3 players or appliances you use on a regular basis in the kitchen like blenders, knives; perfumes and lots of other necessary goods. The possibility of buying an Xbox for just $10 is bound to tempt you.
DealDash also comes under the category of penny auction sites. Customers can register on it free of cost. Like all other email websites, you will only need to create a unique username for yourself and set a password. You will need to give a valid email address as reference and if your email is verified through Facebook, you have an added advantage of getting free $5 for the purchase of bidding credits.
The first thing that might be popping up in your mind is that this is a scam. But it is not. This is how it works. You will need to first sign up with the penny auction site. After you have registered, you will be able to buy bidding credits at $1 each. The next step requires you to look for an interesting item that is being auctioned. Once you have found a product of yourself, start bidding. For example, if you have bid credits of $5, you are allowed to bid for five times on an item. Every time you make a bid, the price of the item raises $.05. The timer at the bottom of every auction ends after 30 seconds but when another person bids on the same item, the timer resets and gives you another 30 seconds. All you need to do is press the ‘bid button’ for the auction. If the timer ends after you bid on an item, you get to purchase the item for the price that came up when you bid for the last time. That’s all you need to do.
In case you are not able to win the auction, you get a second chance to purchase the product at a discounted price. Each bid is for one dollar and now you are entitled to use the total amount of all your bids towards the price listed for ‘buy it now’. This means that bidding 5 times at an item of $25 will enable you to purchase it for just $20. But it is important to remember that in order to get the deal, you have to buy the item before the first 24 hours of the auction end.