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!
