As the penny auctions craze sweeps the nation (and the world) it becomes more important to educate yourself so you can join the best penny auctions site for you.

Penny auctions are the hottest way nowadays to do your shopping for deep, deep discounts on top brand name merchandise — all while enjoying the thrill of the live auction environment.

The way it works it this; top, name brand merchandise still in the box and still under manufacturer’s warranty, is put up for bid.  Take a look around and pick the product you’ve been searching for and were going to go out and buy anyway.

Once you select the right site (we’ll go into more about that below), buy your bid pack.  Penny auctions are different than other kinds of online auctions in that you buy your bids first to be able to play.  Then go to your item and you’ll see there’s a timer and current bid price shown. Begin placing your bids. You’ll notice that each time you bid the timer gets set back by a few seconds and at the same time the price of the item goes up by one penny.  This is why it’s called a penny auctions site!

The point of the penny auctions and the way to win your item is to be the final bidder placing your bid as the timer reaches ‘0’.

There are strategies you’ll learn to increase your chances of winning — such as buying the biggest bid pack available so that you won’t be caught short at the final moments when just one more bid could make the difference between winning your prize or losing it to one of the ‘pro’s’ who bid high, fast and furious! You need to be able to beat them at their own game.

If you’re the final bidder when the clock hits zero then the item is yours!  All you have to do then is proceed to checkout and pay the final sale price (usually 60-98% off regular retail prices) plus any shipping or handling charges (these will usually be listed for you to review before beginning the auction, so there should be no surprises there.)

Not all penny auction sites are created equal though. To pick a great one look for things like;

• Wide product selection of in demand brand new merchandise or hot gift cards.
• Penny auction bid packs starting with low prices and discounts for quantity purchases.
• Buy Now penny auction feature which allows you to redeem the cost of any spent bids should you not win the auction for any reason. This way you will have had the fun of competing while still being able to purchase your desired product at the regular price and putting the value of your bids towards that final price. This way no one has to walk away without winning!
• Fair play penny auction guarantee, meaning employees or robots are not allowed to place bids, and top winners are restricted to the number of auctions they can win in a given time frame (that way everyone gets a fair chance to win!)
• Great customer service and support for any penny auction questions you might have getting started and/or making sure the items you win get to you fast and in great shape.
• A good selection of beginner’s auctions to help newcomers learn how the auctions work, and get a chance to win an item in a less competitive, smaller format to build confidence before taking on the ‘giants’.

There are lots of other details that could impact your final decision but those are the main ones I would bear in mind when starting your search, especially if you’re brand new to the penny auction world.

To make your search and decision making process easier you’re invited to check out my top penny auctions site recommendation by clicking the link.

As you can see there are a lot of benefits to being part of the exciting penny auctions phenomenon which is sweeping the world right now.  In fact it could change the way people shop forever.  So go ahead and take a look around, be sure to check out my personal favorite top penny auctions site and – Happy Bidding!

In the growing world of hugely popular penny auction sites, where people have a chance to win the hottest, most desirable merchandise at ridiculously low prices, BidRivals stands head and shoulders above the other contenders.

Admittedly there are several very good and reputable penny auction sites on the web now and with more popularity comes more competition to offer the best in everything from the most sought after brands and items to superior customer support and ease of site use.

Some of the most highly visible and popular penny auction sites right now are:

• BidCactus
• BidRodeo
• Biduh
• BidRivals
• Plundr
• Swoopo

Each one of these sites has its own ‘persona’ (I have to say BidRodeo and BidCactus have the most unique persona’s in my opinion) but what it comes down to is who can you best trust to provide the most honest and rewarding penny auction experience, and who has the top prizes that can be won for the best penny auction prices?

So how do each of these top penny auction sites compare?

Well they look different, for one thing, and tend to offer slightly different assortments of products; for instance, one may be mainly gift certificates, another vacations, another may routinely list top end electronics like GPS, phones, laptops and TVs.

If you take a look at BidRival’s penny auction site you’ll see right away that the selection of name brand merchandise is vast and varied. You can find just about anything you want at BidRivals, and have a chance to win those products at rock bottom, almost unbelievable penny auction discounts.

Another of the things I love about BidRivals is their terrific customer service.  You can call them any time 24/7 and talk to a real live human being who is friendly, professional and very eager to help you.  No waiting until ‘regular operating hours’ like on some other penny auction sites!

Some of the other sites are nice, too.  I like the gray floating subject bar on the Biduh penny auction site page, and the very easy to understand and perky intro video at Swoopo. These all enhance the user experience although in the end the whole point of joining a penny auction site is to be able to win fabulous top quality merchandise at jaw dropping discount prices.

Some of your other sites average about 65% off regular retail prices, but a penny auction site like BidRivals can yield you almost unbelievable deals of up to about 98% off! That’s just incredible and makes the thrill of winning a penny auction that much sweeter

Now for me there is one thing I don’t love about BidRivals, but other people love it so it’s just personal taste, but I find it a little edgy, a little too exciting with all the Ka-Ching sounds and flashes of light and so many amazing products on auction all vying for my attention. How do you choose what you want when everything looks so tempting and you know you have a very good chance of winning them?

On the other hand some of the other penny auction sites seem a little too sedate for me, so it all comes down to what appeals to you and your personality.  Judging by the high ranking and feedback for BidRivals a vast majority of users love everything about it.

As far as customer service, honesty and fair play guarantee, among the top sites, again, is BidRivals.  Their fair play guarantee assures you that there are no employees bidding against you and skewing the odds, and there are no robots placing automatic bids on behalf of the company to lower your chances of winning. In fact this penny auction site really seems to pride itself on being totally upfront, transparent and honest in all its dealings.

The fact that you can talk to a live customer service person any time day or night, any day of the week, for any questions you might have is another very comforting factor. No having to wait until their ‘normal business hours’.  I mean, who has time to call during normal business hours since most of us are working in our jobs then and can’t bid on the auctions until we get home from work? By the time we get home they’ve gone home too?

For this and the reasons I’ve cited above I think BidRivals out competes every other penny auction site out there.  Give it a try by clicking here – good luck bidding!

The first thing you notice when seeing the Biduh penny auction page  for the first time is the floating category bar – one of the unique and convenient features of this penny auction site.

Right off the bat you can select from TVs, games, phones or other great products from the selection bar which stays floating above the rest of the page no matter where you scroll.

Lately there is a veritable plethora of penny auction sites, which are live auction sites where people bid in penny increments to win brand name merchandise.  These penny auctions are getting more and more popular with bidders and buyers all around the globe. It’s not hard to see why; you get the chance to bid in an exciting auction environment, for savings of up to 98% off the full suggested retail price.

That’s a big, big savings!

Some people wonder if the deep discounts are only possible because maybe the products are ‘seconds’ or defective, or if they’re ‘knock off’ or imitation versions, and they worry that they might be inferior and not covered by the manufacturer’s warranty.

Fear not; most penny auction sites are honest and only sell brand new factory sealed products still in the box and still completely covered by the manufacturer’s warranty. In fact top penny auction sites (like my favorite site and the one I most highly recommend, which you can see by clicking here) sell only the highest quality, most popular name brand merchandise direct from the manufacturer.

Biduh seems to be a pretty good penny auction site overall.

I’d advise people looking to join a penny auction site for the first time to compare the customer service hours and testimonials from happy winners.  Also check out how much bids cost (they’re .50 at Biduh) and what kind of discounts you get for the larger bid packs.

That brings me to another hint when bidding on a Biduh penny auction. It makes a lot of sense to buy as many bids as you can before an auction to be sure you don’t run out at the critical moment when the clock is very close to running out and you need to be able to get that last bid in.

For those of you who have never bid in a penny auction before, the way it works is this; you join, you buy your bids ahead of time and you browse the product selection and pick your target prize.

Each penny auction starts at a specified amount (usually one cent but sometimes as much as 50 cents) and has a timer set at a certain amount. Once the timer starts you start bidding. Each bid sets the timer back a few seconds and raises the item price by one penny.  This is why they are called penny auctions!

As the bidding progresses the time gets shorter and shorter. The way to win then is to be the very last bidder placing your bid as the timer reaches zero.

Imagine the thrill of seeing your user name at the top of the list as the winning bidder!

Then you just head to the check out and pay your winning price plus any shipping and handling for your item, and it’s shipped to you right away. So to get these great items at rock bottom prices you never even have to leave your home. No wasting money on using gas, no fighting the crowds or finally getting to the store only to find out they’re ‘out’ of the very item you’d gone there to buy in the first place.

In fact winning products in penny auctions might just end up being the way everybody shops in the future, and it makes so much sense. It’s also why more and more penny auction sites are showing up on the Internet every year. They are so popular and sought after as more people find out about the incredible deals other people got when competing for hot items in penny auctions like Biduh (or like my very favorite, highly recommended one which you can check by clicking the link within this post.)

Imagine being able to go to work and telling your coworkers about the awesome new laptop you just won for only a few dollars!

Another of the new generation of online penny auction sites, Plundr follows the recent wave of highly popular shopping options where you can win top quality, brand name in the box merchandise for just pennies on the dollar.

The way penny auction sites like Plundr works is you join the site then buy a bid pack.  Each bid costs .50 in this case.  Each listed item is offered to bidders while a timer runs down to ‘0’.  Each bid placed resets the clock back a small amount, giving other bidders the chance to top your bid. The way to win is to be the very last bidder placing your bid at the exact moment the timer runs out.

The reason why people are more and more attracted to these penny auctions is that you can get tremendous savings – sometimes as much as 98% off full retail price!  The best of these penny auctions also allow you to purchase your item in case you don’t win it, using the value of your spent bids toward the purchase price.  That way no one has to go home empty handed – everyone’s a winner!

The best penny auctions site also sell only fresh from the manufacturer boxed and manufacturer warranty items, so there is no risk of getting second rate or damaged merchandise when you get your prize.

Nowadays penny auctions have grown increasingly popular but not all penny auctions are necessarily the same. Some have higher prices on individual bids (although usually the more you buy the bigger the discount) and some have a wider or better product selection.

Make sure the customer support team is attentive and friendly and that there is some sort of fair play guarantee in place, meaning no robots doing auto bids and not allowing just one or two players to win all the prizes.  Most penny auction sites limit how many auctions one person can win in a specific length of time.

This is something encouraging though – people really are winning and getting terrific deals at these sites, sometimes as much as 98% off full manufacturer’s retail price. So there are great deals to be had, plus it’s a real thrill to be able to out bid other bidders and steal that big screen HD TV or Cannon camera right out from under someone else.

When it comes to the very best penny auction sites, Plundr is pretty good. It seems to offer a good selection of in demand popular products and the bidding seems hot.  If you’d like to see my personal favorite pick though check out my penny auctions review page and see what I’m talking about.

Another thing that’s important is ease of use and most penny auctions sites I’ve seen do seem to offer clear step by step instructions for new members who might otherwise be overwhelmed with all the excitement of bidding in these auctions. They should also be very open and up front about their policies and guarantees. So read those over.

This whole penny auctions phenomenon seems to be changing how people shop.  After all why fight traffic and pay those high retail markups? Too much time and stress,  not to mention burning all that gas driving around and then dealing with crowds.  It’s easy to see why choosing a thrilling way to bid your way to steep, steep discounts from the comfort of your own home, and get fantastic deals on the same items you were going to go out and buy anyway is so appealing.

It wouldn’t be surprising if it changes how many families shop for Christmas, especially the way the economy has been lately. Why on Earth pay full retail when you have a chance to win the very same items you’ve already decided to buy at the store, but for a lot less money and have much more fun doing it.

So check out the different penny auctions (don’t forget to take a look at the one I like the best, just click the link to have a look) and learn about how they work. You would be the next big winner!

It’s the newest rage in Internet shopping; penny auctions, where players have a chance to win brand new name-brand merchandise in an exciting live auction environment for just pennies on the dollar

If you’re new to penny auction sites, the concept is that people are placing bids to buy an item as a timer counts down to zero.  First, users are encouraged to browse the site in question and select the item they want to try to win. Then you purchase a pack of bids that you’ll use during the auction. This is part of what sets penny auctions apart: since you purchase your bids before starting the penny auction you run less risk of going ‘bid crazy’ during all the excitement.

Every BidSauce penny auction begins with a price of fifty cents. Each time someone places a bid the clock gets set back just a few seconds while the price of the item is raised by one cent.  That’s why it’s called a penny auction.  If you’ve placed the highest bid so far your user name will appear on the list as the Top Sauce.   Keep an eye on that timer –  The best way to win is to keep placing bids – FAST- the closer the clock is to ‘zero’ (or in this case, ‘Sold’) . You have to be ‘Top Sauce’ (last bidder) at the moment the clock runs out to win a penny auction at BidSauce.

Whoever places the last bid as the clock strikes 0/SOLD wins.

There can be a real art to this, because of the number of incoming bids that keeps setting the timer back a few seconds, but seasoned penny auction bidders have a very good chance of winning – so good in fact that BidSauce sets a limit on how many times one customer can win in every 24 hour period.

There are a slew of penny auction sites showing up now, such as BidSauce, and for the most part they’re all pretty similar.  For the savvy user though there are significant differences. One difference would be the selection, the other the overall quality of merchandise.  Another would be the honesty and customer care. Top penny auction sites have ‘fair play’ guarantees to protect the members and assure each one a fair chance to win.

BidSauce is a very decent site for playing the penny auctions. While there are a few other penny auctions that I can recommend too, for my absolute favorite recommendation click here.

One thing I like about the best of these sites is you have the option of still getting your item for the regular price just in case you don’t manage to win (in other words, still getting the value for the bids you placed). There are really great penny auctions like my personal favorite which have it set up so no one ever has to walk away without being a winner. This is usually called a ‘buy now’ option, and it’s the best way of being able to have great fun bidding in a penny auction for items you were about to go out and buy anyway.  This way if you don’t win the penny auction you’re still able to get the item anyway, and apply the value of your spent bids towards its purchase.  Win-win!

Some of the penny auction sites aren’t as great as others and a couple I’m just not sure about, but if you review them all carefully you’ll see that BidSauce is very good (although I like my personal favorite even better), and any site that has really great customer service, a wide selection of brand-new in the box brand name merchandise, gift certificates or other high quality prizes to win, is worth a try.

So there you have it. Penny actions are not all created equal, and even among the good ones there are some clear stand outs (and some that aren’t quite as great). The best part is that there really are some great ones, and if you go to them you really can walk away with something like a brand new plasma TV for about 98% of the retail price!  Plus it’s fun and thrilling to get caught up in the auctions (and especially the turbo auctions which will take your breath away).

One of the new and well done penny auction sites around is called Swoopo, and it’s a little different than other online auction sites you may have heard of. I have to say I’d still recommend my favorite one, which you can see here, but Swoopo looks pretty good, too.

In case you’ve never had a chance to participate in a penny auction, the idea is that every bid raises the price of the item you’re competing for by only a cent.  By the time the bidding is over the winner usually walks away with an incredible bargain on brand new popular items at unbelievably deep discounts. In fact with prices like that you could even do all your Christmas shopping at one of the penny auction sites for just a fraction of what you’d spend shopping at the brick and mortar stores, plus you’ll be able to have a whole lot more fun.

When you visit Swoopo, you’ll have a chance to watch their great video tutorial.  It really is one of the best I’ve seen in the industry, being very clear and showing you step by step how to participate in and win Swoopo penny auctions.

Like with other penny auctions you’ll first have to buy your bids.  Each bid is sixty cents and Bid Packs are available in difference sizes and prices.

They seem to have a good selection of merchandise, too – all items in high demand, and all brand new, factory sealed in the box.

The idea is that for every bid you place as the timer is counting down, the price of the item you’re bidding on goes up by a predetermined amount. Also each time someone bids the clock is set back a little, giving other bidders a chance to outbid you – or not! You’ll learn the best penny auction strategies to have the best chances of winning your coveted prize.

You’ll have the chance to win any number of brand name items for just pennies on the dollar – in fact the prices are amazing at most of these penny auction sites. There are really great things like quality cameras, laptops, the newest TV’s, readers, gamers and more, and you have a chance of winning any of these brand new items at around 65% off retail price.

There are other really good penny auction sites, too.  If you want to see my favorite of all, check out this penny auctions site.  Basically though just check that the one you’re considering has great customer service, a great selection of brand new factory sealed merchandise and really great discounts by the time you’re done. Some even offer a chance to ‘buy it now’ in the event you don’t get that last bid in before the timer runs out. You can still buy the item and put the value of your spent bids towards the purchase price – meaning you haven’t lost anything and making their penny auctions a ‘win win’ situation for everyone.

So it makes sense to check over the features of the various penny auctions and see which one is the best for your particular wants and needs.

Swoopo has a good, user friendly feel to their penny auction site too, and of course all the penny auction sites are thrilling to play and win.

When you actually start bidding in one of the penny auctions you’d be surprised how fast you get caught up in the thrill of the live auction environment.  Be sure to buy the biggest bid pack you can afford to be sure you don’t run out of bids right before the timer is about to stop; you want to be able to have enough left in reserve to outbid those other savvy, experienced pros who are trying to swipe that Mac Book Air out from under you.  The last thing you want to do is lose a great bargain by just a penny because you held back and didn’t have enough bids when you started.

Anyway I hope this helps you sort out the ‘big players’ in the penny auction world and make your choice of where you want to spend your time winning all the most popular items at just incredible low prices.

This penny auction site looks different from the others right from the start, perhaps a little more sedate, a little less flashy – more of a down home cowboy feeling.  Yup, like a rodeo.

If you’re not familiar with the new penny auction phenomenon, it’s where people can get unbelievable savings on brand new, popular products by bidding in one of the new online auction systems where each bid placed raises the item purchase price by just one penny.  That’s why they’re called penny auctions.

How do such penny auction sites work? First just sign up – it’s free. Then look over the products and find a product you want.  It makes a lot of sense to choose an item you were going to go out and purchase anyway.  Then select your bid pack.  That means that you pre-purchase a number of bids before the auction starts.

It makes sense to choose a reputable penny auction site that routinely offers just the kind of popular products that you’ve been actively looking for anyway.

Be sure to buy more bids than you think you’ll need. You’ll find as the final seconds tick closer to ‘0’ you’ll want to have a little extra insurance so the other bidders don’t swoop in and steal your prize out from under you. Each time someone places a bid the timer is set back about 15 seconds to give you time to get your next bid in.  You want to be the one placing the final bid as the clock hits ‘0’. If you are, you win the item!

The BidRodeo penny auction site is cleaner and more open looking, maybe a touch calmer than some of the others but the savings are just as steep.  In fact there are really hot deals that people win every day, and the BidRodeo penny auction site makes a point of letting you know just what great deals other bidders have gotten recently.

Some people have wondered if there’s something wrong with the merchandise at penny auction sites because they let items go at such rock bottom prices, but be assured all merchandise is brand new, still factory sealed in the box and under the manufacturer’s original  warranty. There are no cut-rate or defective imitations here.  The merchandise — whether it’s a digital camera or new iPad or the latest GPS is top rate and brand new.

You have to admit that getting up to 98% off the very same merchandise you were ready to head out and buy at the store, fighting crowds and burning gas in the process, is definitely the way to go.

It seems that BidRodeo is one of the good penny auction sites, and they all seem to offer incredible deals.  While my personal favorite is a little different than this one (to find out more about my recommendation click here), it seems this is a penny auction site that does offer good deals and fair play.

They also standout from the crowd because of the way they lay out the upcoming item auctions for you to see days before the penny auctions actually start.  That’s a nice touch that allows you to prepare, get all your bids in place and have a real game plan before getting swept up in the excitement of the live auction that you’ll be bidding in.

The penny auction sites overall are very concerned about maintaining their credibility and good reputation, and BidRodeo is no different. Be sure to read the FAQ for whichever penny auction site you’re considering signing up with. No penny auction site should allow employees to bid against their members or use automated robotic systems to place bids.  Unless you specifically set up a ‘Bid Buddy’ to place a set number of bids automatically in your absence, all bids should be placed by genuine, live penny auction site members.

Any place where you can win a brand $200 Amazon Gift Card for only $8.08 definitely is worth taking a look at.  Take a look at my penny auctions site recommendation first then make up your mind. Not all penny auction sites are created equal so it’s worth taking a little extra time to find the one that you can trust and get the greatest deals on the merchandise you’re interested in.

The new way to shop for great products while getting tremendously deep discounts is by taking part in the new online penny auction craze sweeping the globe.

If you’re just finding out about penny auctions, the way they work is as live auctions where participants bid with packs of bids against a timer. Each item at BidCactus penny auction starts at one cent, and each time a new bid is placed the timer is reset by a few seconds and the price of the item increases by one penny; hence the name penny auction.

The timer is running down to zero and the winning bid will be from the person who manages to get the last bid in just as the time runs out.  Can you imagine how great it would feel to see your user name at the top of the list as the winning bidder?

The beauty of these penny auction sites is that not only are they thrilling to play but you can get astonishingly deep discounts on name brand in the box merchandise – sometimes for as much as 98% off full retail price.

There are lots of penny auction sites entering the marketplace now because demand has grown beyond anyone’s wildest expectations.  When you think about it though, why wouldn’t it? Not many people will turn down the chance to win a great plasma TV, a laptop or camera for just pennies on the dollar?  Would you really rather go out and fight the crowds, burning gas and time and then risk not even being able to find the product you were wanting once you get to the store?

Since there are now many penny auctions to pick from you might want to do a little research on the one you want to make ‘your own’.  If you want to see the one I most highly recommend just follow this penny auctions page. It’s just my opinion but it might be worth at least checking out.

What a lot of enthusiastic penny auction participants are starting to do is get all their holiday and birthday shopping by competing and winning in penny auctions rather than going through the hassle of driving to a brick and mortar store and then having to pay retail prices complete with all the overhead. It just doesn’t make sense any more to waste money like that when you can win the very same brand new popular items from the comfort of your home.

Penny auctions might just change the way America shops but our demand for high quality items and great deals is just getting stronger. Maybe that means there will be even more rival penny auction sites appearing in the future?

BidCactus seems like a reputable site with decent prizes to bid on, although I really think you might be interested in a peek at my favorite penny auction site of all.

BidCactus does provide customer support and a secure server so you can feel safe bidding, and they post a list of upcoming auction options that members can vote on, which is kind of a neat idea.  When looking over your penny auction sites you might want to carefully browse the selection of merchandise and pick the site with the best mix of high and low ticket items that interest you.

Often the best advice when learning to bid in the penny auctions is to start with as many bids as you can (so you don’t risk running out at the worst time – right as you’re about to be the one to place the winning bid!) and also to start on a lower priced or less popular item or quieter time of the day or week.  In other words perfect your skills when you have less competition, so when the big item you really want is up, you will have already learned how to bid the most effectively and can take on the ‘heavy hitters’ who bid fast and heavy.

You’ll want to get a couple easier wins under your belt before competing with those experienced ‘pros’ but then the sky  is the limit and you might be bragging at work one day about the awesome HD TV you just won!

03/30/2012 UPDATE: Use the coupon code WELCOME30 to get 30 free bids with your first bidpack purchase on the recommended penny auctions site below.

“Bidrivals is entertaining and fun. And u get an opportunity to win sweet stuff at cheap prices!”

If you’re looking to save money on products and have fun in the process, then like me, I guess you’ve heard about penny auctions – an increasing in popularity online activity.

You’ve probably already checked different reviews and testimonials about the various penny auction sites, and I’m guessing you’re not exactly sure which penny auctions site to go with.

Penny Auctions Sites – WARNING

Choose carefully which penny auction site you join. I’ve received e-mails from people who mistakenly joined some of the lesser quality penny auctions and didn’t have good experiences.  It’s my mission, through this website, to prevent you from choosing the wrong penny auction site. If you don’t feel like reading this review and just want to know which penny auction site I highly recommend then you can click here.

In the next few minutes I’m going to give you the straight facts, including the cons, about penny auction sites without the marketing hype and bias reviews that are found all over the internet so that you can make an informed and intelligent decision before you join.

What exactly are Penny Auctions?

As the name would suggest, every time you bid, the cost of the item increases one cent. The reason why penny auctions can offer you such great products at so low prices, is because you’ll have to purchase a “bid pack” before you can place bids. After you purchase your bid pack, you can start bidding on any one or multiple items within the penny auction site.

For the penny auction site that I’ve had great experience with, the bid pack choices are currently: 100, 200, 220, 500, and 1000. This means that you could have 100-1000 opportunities (depending on which bid pack you purchase) to win the item/s you are bidding on. You could choose to use your bids on any of the items and you do not have to stick to one item. There are many product categories so there is a very good chance a penny auction site will have what you’re looking for, especially the one I’m going to recommend to you. Audio and ipods, gadgets and toys, game consoles and games, gift cards, laptop and PC, mobiles and telephones, navigation and GPS, sports, leisure and travel are some of the categories you could search through.

This is how mostly all penny auctions work:

Step 1: You buy a bid package.
Step 2: You place your bid to raise the price one penny.
Step 3: You wait for the timer to reach zero!

So, let’s say the new ipod your bidding on is priced at $7.30. Again, the reason why the penny auction site is able to offer such low prices is because you purchased the bid pack. Now, let’s say you bought the 100 bid pack and you placed one bid. The ipod will jump in price to $7.31 and you will then have 99 bids left. The timer will jump back to usually 15 seconds or 30 seconds and then continue to count down.  At this point, other people can potentially place a bid to raise it to $7.32.

If you don’t go buck wild with your bids and waste your money, and you’re the last bidder when the timer reaches zero, you win the item.

You simply have to place your bids at the right time. If you are wasting your bids up front when an auction is just getting off the ground, expect to waste your money and your time!

In my opinion, it’s better to begin placing your bids at a time where the amount of bids placed multiplied by it’s price per bid exceeds it’s retail value. I would never bid before the price reaches this point. From what I’ve learned, it’s rare for a penny auction to begin and then end very soon in the game, so wasting your bids upfront is just plain stupid. Of course, anything can happen because there are multiple factors involved, but that’s just what I’ve learned. Many people and I believe there is strategy to placing your bids. One of my tips, I just  mentioned, but you can also pay attention to see who is in the “bidding room” and watch the factors that may give you the upper hand. How many people are in the bidding room, what bid package each person bought, the bidding style and who’s been in the bidding room without bidding are just some of the things I pay close attention to.

Should you join a penny auction site?

My answer is maybe.

Sorry to disappoint you, but this is my real and unbiased answer and I’ll explain why I say this. The fact is, there are people who join penny auction sites and don’t have any results…

This is either because of no luck or they just flat out waste their bids! Hopefully this isn’t who you are, and you won’t do this to yourself. I like to watch an auction room for a while before any bids are placed.

If you have the desire to beat the other person who is trying to take what you’ve been wanting, then give it a go and like me, you may find yourself actually holding the item instead of looking at it on a computer screen. I’ve made this happen and I know friends who have too.  It really is a great feeling to get products at dramatically reduced prices.

Which Penny Auctions Site Should You Join?

The penny auctions site I recommend you try is BidRivals. It’s easy to understand and simple to use. In a moment, I’m going to give you  a special code you can use during sign up that will give you 30 extra bids – free of course!

As I sit here not logged into BidRivals to write you my thoughts, there are 119 users online and 98 active auctions.  In the last 24 hours there were 1,160 winners.

Click Here Now To Register For FREE

Use special code “WELCOME30” to receive an unheard of 30 EXTRA free bids. You must manually type this coupon code in when asked.

User Toro1981 won a 25 dollar Best Buy gift card at auction’s closing price of .49 cents. An MP3 player was won for .14 cents by user Benmoute. Right now, as I write this a 32 gigabyte iPhone, 16 gigabyte iPad, popular games and many other items are currently accepting bids.

Penny Auctions – The bottom line.

Joining a penny auctions site such as BidRivals should be an easy decision for you. It’s your turn to now apply who you are to the penny auctions arena and take action!

If you’ve now made the decision to join a penny auction site, then look no further than BidRivals. I’ve had really great experiences with BidRivals and so I’m happy to recommend it to you.

The BidRivals system is under constant automatic as well as manual monitoring so that any fraudulent attempts are

The BidRivals Fair Auction Guarantee

immediately discovered and dealt with. Not all penny auctions are like this. In fact, I’ve come to find out, some penny auction sites (I won’t mention names) are owned by ONE “average Joe” who purchased a script. Basically,what I’m trying to inform you of is that there are some lame penny auction sites floating around, that I highly advise you shouldn’t even consider joining.

What’s great about BidRivals is they’ll refund any unused bids, so even if you happen to change your mind after you join then it’s not a problem. All you’ll have to do is send them an email.

At first I thought penny auctions weren’t for me and seemed too good to be true but after actually giving it a go I learned otherwise. Let me know what you win!

Click Here for BidRivals FREE Registration and an Unbelievable 30 Extra Bids.

Remember to use code: “WELCOME30”.

I hope you found this information on penny auctions helpful. If you have any questions or comments about penny auctions I will try to help you out as much as I can.

Best of luck to you,
Jay

Penny Auction sites quickly became the new craze in the internet world, and you can still scoop up some incredible deals for unbelievable prices. We’re not talking about standard garage sale junk, we’re talking about hot products that are currently in demand. Some products are retail closeouts forced to sell on a penny auction site. Other items may be from government auctions that can include popular electronics, games, movies and practically anything you can think of.

I’m sure you’ve seen a large retail chain go out of business. Haven’t you ever wondered where the merchandise goes after they shut their doors? It’s likely the products went either a liquidator or an auction to be purchased for only a percentage of the actual suggested retail value. It may be bad news for the retail store that went out of business, but for anyone who knows how to be on the right end of this transaction can benefit. Computers, video game consuls, digital cameras and nearly every electronic item can be included in this transfer. The question is, how can you be on the right end of this transaction and benefit by picking up these items at discounted prices?

There are many penny auction sites currently on the internet and there are more being created every week, so it’s a challenge to determine which one of the penny auction sites is best. We encourage you to do your due diligence before joining a penny auction site, but we have already done a lot of research to determine which penny auction sites are good. Explore this website and we hope you’ll find enough information to help you choose which penny auction site you should join.