A penny auction site is a great way to get your hands on a top brand product for just pennies. Those who have worked to understand how these sites truly work and have developed their own strategy have been lucky enough to use penny auctions sites to buy all sorts of desirable top brand products for just pennies.
Penny auctions sites often have ‘Big Users’ who can sometimes dominate an auction site. Below we have listed the top 5 tips to take on these ‘Big Bidders’ and be successful.
1)Don’t believe that it’s all about luck! You will need skill, judgement and strategy if you want to win consistently and not blow your bids on something you’ll never win!
2)Watch and learn – Every penny auction site will work differently as will other bidders. Make sure you take the time to fully understand how the site works and how its users work. Watch how the auctions work, watch other users and try to identify any patterns or prolific bidders. Do your homework and look for what recently closed auctions have gone for so you can get an ideal price point to start bidding.
3)Bid when others are not – If you can place your bids when other people are at work, on the school run, asleep or elsewhere. On every site there will be regular times and days when the site is much quieter which will dramatically increase your chances of winning and the price will often be lower than at other times on the site.
4)Set your limits and start small – Start by setting yourself a limit and sticking to it. So buy a bids package and don’t buy anymore that day. Then start small, bid on auctions that are less popular and the smaller ticket items. This is a great way to gain experience and grab yourself a few small bargains in the process.
5)Take advantage of special offers – Good sites often have special offers or promotions on such as 50% extra or Bids Back offers. These are a great way to stock up on bids and will give you more firepower at no extra cost so it means you have more chance of winning without spending more money.
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